online investment fraud embezzlement

Understanding Online Investment Fraud

A 68yearold man in Limassol fell victim to an elaborate online investment scam that swindled him out of over 180,000 euros, highlighting the growing sophistication of internet fraud. After being lured by promises of secure profits, he unwittingly granted a fraudster remote access to his computer, leading to unauthorized transactions and financial loss, prompting police investigations and public warnings about the dangers of online investments.