61-year-old Woman from Jonava Lost 100,000 EUR to an Online Investment Scam
The Lithuanian police department recently received distressing reports of individuals being lured out of a total of 112,400 euros through investment platforms. Shockingly, the largest sum, approximately 100,000 euros, was swindled from a resident in Jonava district.
According to a statement released by the Police Department on Tuesday, between July and December 11th, a 61-year-old woman from Ratušėliai village in Jonava district incurred a loss of around 100,000 euros while investing through an online platform.
A pre-trial investigation for fraud has been initiated.
Similarly, between September 7th and November 16th, in Švenčionys district, Švenčionėliai, a 55-year-old man fell victim to deceit on investment platforms, losing 12,440 euros.
Pre-trial investigations for fraud have been launched in both cases.
The law stipulates that anyone who fraudulently gains someone else’s property or property rights, evades financial obligations, or eliminates them, shall face penalties ranging from community service or fines to restrictions on liberty or imprisonment for up to three years.
A recent comprehensive survey conducted by “Spinter Research” revealed that one-third of Lithuania’s population has encountered telephone scams.
Another prevalent method of financial fraud is through various investment schemes. Nearly one in three survey respondents (29%) could identify this form of monetary deception. However, it’s worth noting that men (34%) and those with higher education (30%) are more likely to encounter such schemes.
“The primary goal of such scams is to convince individuals to transfer money to a non-existent investment firm. Identifying the fake nature of such companies is possible through their websites; these sites are often rudimentary, poorly constructed, with fictitious owner names and contacts,” said Petras Gotautas, Director of the Money Laundering and Fraud Prevention Department at Medicinos bankas.
The prevalence of these scams underscores the need for greater public awareness and vigilance while engaging in online investments. Authorities continue to urge citizens to verify the legitimacy of investment platforms thoroughly before committing funds, emphasizing caution as the first line of defense against financial exploitation.