Elderly man loses over €250,000 in online scam

Police are investigating a new case of online fraud after a 79-year-old man was conned out of €254,679 through a fake investment scheme.

According to a report by the Larnaca CID, the man responded in January 2026 to an online advertisement promoting investments in shares and cryptocurrencies.

The victim was subsequently persuaded by individuals posing as company representatives to invest money.

Between January and March 2026, he transferred a total of €254,679 in...