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Police Warn of Surging Senior Investment Scams in Saxony After €60,000 Lost

Police say scammers exploit financial hype to induce self-authorized transfers that banks often will not reimburse.

Overview

  • Three seniors in the Bautzen area recently lost about €60,000 in separate investment fraud cases reported by Saxony police.
  • One victim transferred roughly €35,000 to a Swiss account after engaging with what appeared to be a reputable Swedish bank offer.
  • Another was steered into opening an account in Malta for cryptocurrency investing and lost access to about €23,500.
  • A senior in Sohland surrendered remote access following promises of large crypto gains and suffered a loss of around €3,000.
  • Police report near-daily victim contacts and rising case numbers, noting scammers build trust over weeks, use remote-support tools, and prompt victims to enter TANs themselves.