Upper Austrian (31) identified as an investment fraudster

2023-11-18 09:03:00

The man is said to have defrauded at least 26 people from all over Austria and Switzerland of a total of up to 400,000 euros using cryptocurrency investment fraud, the police reported. The amount of damage is an initial estimate by investigators. The Upper Austrian is said to have been active with other accomplices since mid-May, specifically with investment fraud. The arrest was preceded by two house searches at locations in Upper Austria and Salzburg, as was reported to the APA upon request. The investigation was still ongoing.

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