Police warn of online loan scam after woman loses €10,000
Police are investigating an online loan scam advertised on social media after a woman transferred €10,000 to suspected fraudsters.
Nicosia, Cyprus. Police have warned the public about a new online loan scam promoted through social media advertisements after a woman lost €10,000.
How the scam operated
Police said the woman followed an electronic link in an advertising post that directed her to a website, where she entered personal information, including her telephone number.
Unknown individuals contacted her on July 24 and invited her to transfer €10,000 to secure the loan. The suspects sent her a QR code and urged her to complete the transfer online.
Police investigation
After following the instructions and transferring the money, the woman suspected she had been defrauded and filed a complaint with police.
Investigations into the case are ongoing.
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