Vilnius resident loses €127,600 after trusting investment offer
Translated from Lithuanian and summarized by DistantNews. Read the original for the full story.
At a glance
News
Official statement
Under investigation
- A 1954-born Vilnius resident told police he lost €127,600 after an unknown Russian-speaking man persuaded him to invest in cryptocurrency and precious metals online.
- The alleged fraud occurred between July 24 and Aug. 27 while the victim was at home.
- Police opened a pretrial investigation under Lithuania’s fraud law, which allows up to eight years in prison for very large-scale fraud.
A Vilnius resident told police he lost €127,600 after an unknown man persuaded him to invest in cryptocurrency and precious metals through an online messaging application.
The victim, born in 1954, contacted the Vilnius County Police Headquarters on Sept. 1. He said he communicated with the man in Russian while at home between July 24 and Aug. 27.
Police said the suspect obtained the money through deception. They have opened a pretrial investigation into fraud under Article 182, Part 3 of Lithuania’s Criminal Code.
The provision covers cases in which a person fraudulently acquires very high-value property or property rights, avoids a very high-value financial obligation, or commits fraud as part of an organized group. It carries a fine or a prison sentence of up to eight years.
About this summary
Originally published by Delfi in Lithuanian. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.
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