Man Held over Alleged €500,000 Investment Fraud
4 Articles
4 Articles
Man held over alleged €500,000 investment fraud
A 25 year old man was arrested in Nicosia over allegations that he defrauded 18 people of more than €500,000 through cryptocurrency investments, police said on Friday. The suspect allegedly took the money between June 15, 2025 and April 1, 2026. He appeared before court on Friday and was remanded for seven days while authorities investigate suspected theft, money laundering and betting law offences.
A 25-year-old man was arrested yesterday afternoon pursuant to a court warrant and taken into custody, to facilitate investigations into an ongoing case of theft by agents, money laundering and offences under the Betting Law. Specifically, 18 individuals reported to the Police that, between 15/06/2025 and 01/04/2026, the 25-year-old secured from them an amount of money in excess of €500,000 for investments in cryptocurrencies. The 25-year-old ap…
Arrest of a 25-year-old for an investigated case of extortion of a large sum of money A 25-year-old was arrested yesterday afternoon pursuant to a court warrant and taken into custody, to facilitate the interrogations regarding an investigated case of theft by agents, money laundering and for offenses under the Betting Law. Specifically, it was reported to the Police by 18 persons that, between the dates […] A 25-year-old set up a mammoth scam –…
He appears to have defrauded at least 18 people.
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