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Bavarian Man Defrauded of Over €100,000 in Cryptocurrency Investment Scam

Augsburg police have opened an inquiry following the victim’s report of undelivered returns

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Ein Mann aus Bayern ist bei einem Anlagebetrug im Internet um mehr als hunderttausend Euro gebracht worden. Er stieß über soziale Medien auf eine Internetseite mit hohen Gewinnversprechen, wie die Polizei in Augsburg mitteilte.
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Overview

  • The victim encountered a high-return cryptocurrency opportunity advertised on social media at the start of 2025.
  • He communicated with alleged investment agents via a messaging app and made multiple transfers to supposed crypto accounts.
  • No profits were ever distributed, prompting the man to report the incident to Augsburg police.
  • Officials estimate his losses at just over €100,000 and say the perpetrators’ identities remain unknown.
  • Authorities are investigating similar six-figure cryptocurrency frauds in Plauen and Zwickau after a string of cases targeting seniors.