Fraudsters Swindle 70-Year-Old Man in Gummersbach with Cryptocurrency Scam

Wed 27th Aug, 2025

In Gummersbach, a 70-year-old man has fallen victim to fraudsters, losing a six-figure sum in a cryptocurrency scam. Over the course of several weeks, he transferred money in multiple installments, believing he was investing in legitimate digital currency opportunities.

The scam unfolded through communications via a messaging service and email, where the perpetrator posed as a cryptocurrency broker. This individual claimed that numerous transfers to various accounts were necessary to access the promised cryptocurrency profits.

Authorities highlight that many of the victims are inexperienced with online investments, making them susceptible to manipulation and pressure from cybercriminals. These offenders exploit this lack of knowledge to coerce victims into transferring their funds to offshore accounts.

The police have issued a warning stating that offers of unusually high returns with minimal investment should always raise red flags. Individuals are encouraged to conduct thorough research on trading platforms before registering or sending any funds. Furthermore, they should not succumb to pressure tactics and must safeguard their sensitive information, such as online banking credentials.

If you suspect that you or someone you know may have fallen prey to such scams, it is imperative to report the incident to your local police. For assistance or inquiries related to crime prevention, you can contact the Criminal Prevention Unit at 02261 8199-4711 or via email at kpo.obk@polizei.nrw.de.


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