A 77-year-old man has reported to the Police that he fell victim to an online scam, resulting in the loss of €142,000.
According to the information under investigation, in June 2024, the man came across an online advertisement promoting investment plans.
After following the registration process, he received phone calls from individuals believed to be abroad, who convinced him that the investment platform was legitimate.
Between September 2024 and February 2025, the complainant made a total of 27 financial transactions, transferring money to various bank accounts overseas, leading to a total loss of €142,000.
The Police remind the public to exercise increased caution when approached with online investment offers and urge citizens to verify the reliability of any platform before carrying out any transactions.
The case is currently being investigated by the Nicosia Crime Investigation Department.
Also read: Cabinet approves submission of bill to reverse brain drain
