An 82-year-old pensioner from Brandenburg lost almost 40,000 euros through online money trading. He only noticed the fraud when he wanted to retrieve the wealth he had supposedly accumulated.

An 82-year-old man from Wittstock in the north of Brandenburg tried to top up his pension by trading cryptocurrency on the Internet. According to “MAZ-online”, however, this ended in a big loss when he lost around 40,000 euros to alleged fraudsters.

The online trading portal, which the pensioner became aware of through advertising, attracted high returns through the use of “artificial intelligence”. Convinced by the seemingly large profits generated by his original four-figure investments, the man invested ever larger sums in the hope of increasing his pension.

He believed he could increase his initial investment to almost 300,000 euros, i.e. increase his money almost tenfold. But when he tried to withdraw the apparent fortune, he encountered problems. According to the police report, the pensioner was unable to access the money he had accumulated, which led him to file a complaint.

In total, the senior from Wittstock lost around 40,000 euros through his investments in cryptocurrencies on the internet trading platform.

There are always reports of pensioners who transfer large sums of money to fraudsters and are left with the losses. A few months ago, a 71-year-old believed in true love and transferred 188,000 euros to a man.

He pretended to be a US Army officer and needed the money to transport a gold find. It was only the bank that prevented the woman from making her final payment, so she was able to keep at least a small part of her savings.

Since the introduction of citizens’ money, there has been the assertion that social assistance is more worthwhile than working. Instead of cutting aid, a significant increase in the minimum wage would make full-time jobs more worthwhile again, at least the SPD is convinced.

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