Overview

• The LKA reports more than €217 million stolen in Saxony from 2018 to 2024 through fraudulent stock and cryptocurrency trading platforms.
• Authorities say substantial losses are likely again this year and call on affected individuals to file reports.
• A 48-year-old from Dresden lost over €2 million after answering a Facebook advertisement, joining WhatsApp groups linked to a firm called “KKR,” and being pressed to pay rising fees before the platform stopped responding.
• Investigators outline a playbook of ads for so-called stock clubs, invitations to exclusive messaging groups, and promotions using celebrity images to create a sense of personal selection.
• Other recent reports include a €600,000 loss in Leipzig and five-figure cases in Chemnitz, Görlitz and Zwickau, with police urging provider checks via BaFin, refusal of unsolicited offers, and preservation of chats and account records.