Nicosia police are investigating a big cyber fraud. A 63-year-old man lost about €850,000. For almost three years, criminals tricked him. They pretended to be from an investment company. The fraud was discovered when the criminals stopped talking. The man now has big financial problems.
The scam started in February 2023. It ended in December 2025. The criminals used the man's trust. They wanted to make his money grow. They worked online and built a relationship with him. They said they were advisors from a good investment company. They promised big profits. The man paid them more and more money. He used different ways to pay. This included cryptocurrency and bank transfers.
Nicosia detectives are trying to find the stolen money. They are also looking for the people responsible. This fraud shows how smart cybercrime is. It often targets older people. The fraud lasted a long time. This made the victim feel safe. It was very shocking when he found out.
Police ask people to be careful online. Older people may not know about online money risks. It is important to be very cautious. Always check who you are talking to online. Do not trust investment offers easily. Get advice from other people. Police are working hard to catch the criminals. Cybercrime is difficult to stop because it crosses borders.