Overview

• A retiree from Plauen lost €95,000 in a cryptocurrency scam after responding to a fake online advertisement featuring a celebrity endorsement.
• A 58-year-old man from Zwickau was defrauded of a mid-five-figure sum through a similar cryptocurrency investment scheme initiated via a messenger app.
• Police are investigating potential connections between the Plauen and Zwickau cases, both involving fraudulent financial advisors and foreign account transfers.
• Victims were deceived by sophisticated tactics, including fake endorsements and unregulated cryptocurrency platforms, making detection challenging.
• Authorities urge the public to verify financial service providers through online research to avoid falling victim to such scams.