230,000 Euros Swindled: Police Catch Investment Fraudster

The 76-year-old had transferred large sums of money abroad several times. The men, aged 21 and 23, have since been arrested, the state police department reported on Friday.

Major Investment Fraud Uncovered in Salzburg

The bank director had informed the police last Tuesday because one of their customers had transferred large sums of money abroad several times, which was very uncharacteristic for the 76-year-old. It turned out that the man had registered on a platform two years ago due to an internet advertisement and had deposited 250 euros. After more than a year, last September, the man from Salzburg was informed that his invested 250 euros had increased in value to 180,000 euros. To have the amount paid out, he had to make several payments for legal fees and taxes.

Bank Director Alerted Police: Two Arrests

Subsequently, the foreign transfers began. As a result, the alleged balance grew to 300,000 euros. The perpetrators demanded further transfers and even once personally collected 32,000 euros from the 76-year-old at his home. The vigilant bank director finally put an end to the activity by involving the police.

In total, the man from Salzburg had lost 230,000 euros. The investigators were able to identify and arrest the two Germans, who are now in the Salzburg prison.

(APA/Red)

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