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12° Nicosia,
18 June, 2024
 
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Limassol man loses €46,900 in car sales scam

Victim of electronic fraud transfers funds to fake company account, police investigate

Newsroom

A 28-year-old man reported to Limassol Police Station that he was the victim of electronic fraud after transferring €46,900 to a bank account he believed belonged to a car sales company.

According to Limassol CID, the man exchanged emails that appeared to be from the car sales company and subsequently transferred the funds to a bank account in England. He realized he had been defrauded when the company informed him that they had not received the money.

Authorities are investigating the incident and have urged the public to exercise caution when conducting financial transactions online, especially when dealing with unfamiliar entities. The case highlights the increasing sophistication of electronic fraud schemes and the need for vigilance to avoid falling prey to such scams.

TAGS
Cyprus  |  fraud  |  crime

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