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A 69-year-old individual lost over 100,000 euros due to investment fraud.

In the Ostallgäu area, scammers swindled over 100,000 euros from a 69-year-old woman by offering fraudulent investment opportunities in cryptocurrencies. Spanning across several months, the money was transferred to various, mostly foreign accounts. Upon trying to withdraw some of the funds...

An elderly woman is on the phone with a cordless landline telephone.
An elderly woman is on the phone with a cordless landline telephone.

Southern Germany Region - Swabia - A 69-year-old individual lost over 100,000 euros due to investment fraud.

A 69-year-old woman reportedly fell victim to scammers in 2023 after responding to an online ad for investment opportunities. She supposedly shared her personal details on a website, and soon after, a "financial agent" reached out to her over the phone, promising lucrative and speedy returns if she invested in cryptocurrency.

The fraudsters seemingly answered all of the woman's questions appropriately and kept in touch regularly. To prevent similar incidents, authorities warned against signing contracts for financial investments over the phone or online, and urged people not to be pressured by advisors. If in doubt, they advised victims to contact the police.

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