Attention, investors! Ludwigshafener loses 45,000 euros to fraudsters

Attention, investors! Ludwigshafener loses 45,000 euros to fraudsters

A 60-year-old man from Ludwigshafen has invested 45,000 euros in a fake trading group that acted under the name "Charles Schwab Membership" on Instagram. In the assumption that he has found a lucrative business, he transferred the money to a Spanish account. It was only on May 29, 2025 that he realized that he had been the victim of a fraud, and he immediately filed a complaint with the police.

The case exemplifies a worrying trend: More and more people fall victim to cybercriminals, which act with tempting offers for stocks and cryptocurrencies. Particularly inexperienced internet are often the target of such frauds. The perpetrators are a trustworthy employee and put their victims under pressure to transfer money to foreign accounts. The police call on not to disclose sensitive data, to find out about trading platforms in advance and to contact the local authorities in case of doubt.