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4w ago

Broker Arrested in Hamburg Over €8.6 Million Investment Fraud

Investigators are examining evidence to determine how the suspect’s alleged deception expanded beyond the initial €4.8 million inquiry.

Der Mann wurde in seiner Wohnung in Uhlenhorst festgenommen. (Symbolfoto)
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Wegen mutmaßlichen Anlagebetrugs in Millionenhöhe ist ein 60-Jähriger in Hamburg festgenommen worden. Der Mann soll als Finanzmakler einen Schaden von rund 8,6 Millionen Euro verursacht haben, wie die Polizei in der Hansestadt mitteilte.

Overview

  • On Monday prosecutors executed an arrest warrant for a 60-year-old broker suspected of orchestrating an investment scheme that left around €8.6 million in losses.
  • Investigators carried out raids on his Hamburg apartment and a secondary residence in Rhineland-Palatinate, confiscating financial records and data devices.
  • Officials first searched his Hamburg and Rhineland-Palatinate homes in September 2024 over allegedly fraudulent investments totaling €4.8 million.
  • Prosecutors say the suspect continued fraudulent activities after the initial searches, resulting in an additional €3.8 million in investor losses.
  • The Landeskriminalamt and Hamburg public prosecutor’s office are expanding their inquiries to identify further victims and trace misappropriated assets.