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Police Probe Separate Investment Scams in Germany and Austria That Cost Victims Over €280,000

Police highlight a familiar playbook that starts with an online pitch, culminating in transfers abroad.

Overview

  • An 84-year-old in Memmingen lost more than €183,000 after a €250 starter payment was followed by claims of a fabricated €67,000 return.
  • The Memmingen perpetrator obtained remote access to the victim’s computer during calls and executed multiple transfers, according to police.
  • In Osttirol, a 59-year-old clicked an online advertisement in August and was steered into repeated payments totaling nearly €100,000.
  • The Austrian victim was contacted multiple times by a supposed advisor and was directed to send funds to several foreign bank accounts.
  • Investigations in both jurisdictions are ongoing, and police reiterate warnings to distrust outsized returns, refuse remote access, and never share passwords or PINs.