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Limassol man loses €90,000 in online car sale scam

Cyprus Mail · 2026-06-09

AI SUMMARY

• What happened: A 59-year-old man from Limassol lost €90,000 in an online car sale scam after transferring funds to a fraudulent seller he found on a buying and selling platform. • Why it matters: This incident highlights the increasing prevalence of online fraud, prompting local authorities to issue warnings about the risks associated with online transactions and the importance of verifying seller legitimacy. • What to watch next: The investigation by the financial crime investigation office is ongoing, and authorities are expected to provide updates on the case and further guidance on how to avoid similar scams.

**Limassol Man Loses €90,000 in Online Car Sale Scam**

A 59-year-old resident of Limassol has fallen victim to a sophisticated online car sale scam, resulting in a loss of €90,000, according to local police reports. The incident, which highlights the growing concern of online fraud, was reported to authorities on Tuesday.

The victim discovered a vehicle listed for sale on an online buying and selling platform. After expressing interest, he contacted the company that appeared to be facilitating the sale. Following discussions with the alleged seller, the man agreed to purchase the car for €90,000, a sum that included transportation costs from another European country to Cyprus.

In line with the seller's instructions, the victim transferred the funds to a bank account located in a third European country. However, after the transaction was completed, he conducted further research and discovered that the company he had dealt with was not legitimate. This realization prompted him to report the incident to the Limassol police.

The case is currently under investigation by the financial crime investigation office, which is looking into the details of the transaction and the identity of the alleged scammers.

In response to this incident, local authorities have issued a warning to the public about the risks associated with online transactions, particularly when dealing with unfamiliar individuals or entities. Police emphasized the importance of verifying the legitimacy of sellers before making any payments, especially when large sums of money are involved. They advised consumers to be vigilant and cautious regarding money transfers to foreign accounts, as this is a common tactic used by scammers.

This incident is part of a broader trend of online fraud that has been increasingly reported in recent months, including fake sales and investment schemes. As more people turn to online platforms for buying and selling goods, the potential for scams continues to rise, prompting calls for greater awareness and precaution among consumers.

Authorities encourage anyone who suspects they may be involved in a scam or who has fallen victim to fraudulent activities to report it to the police immediately, as early reporting can aid in investigations and potentially prevent further victimization.

Source: Cyprus Mail
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