The Korbach criminal police and the Kassel public prosecutor's office are currently investigating a case of investment fraud. A 29-year-old from Korbach is encouraged by an alleged “manager” to invest in cryptocurrencies and loses tens of thousands of euros while trading. The Kassel public prosecutor's office managed to seize part of the invested money. Police warn of this new investment fraud scam
Quick profits in crypto trading?
They usually hope for quick profits through so-called cyber trading. What they don't know, however, is that the money is never actually invested, but instead goes directly into the fraudsters' pockets.
With this scam, contact is often made via dating sites. After general chatting and approaching, the topic of investing in cryptocurrencies with a high return comes up. To do this, the victim should open an account on one of the perpetrators' websites, then purchase cryptocurrencies, such as Bitcoins, through a payment service provider and transfer them to the account that has been set up. This is ultimately how the alleged crypto investment is to be acquired. If the victims want to make a withdrawal or repayment, the fraudsters break off contact or demand further investments.
The specific case
This is what happened to Korbacher, who filed a report with the criminal police in June 2022. A few weeks earlier he had met an alleged woman on an online dating site. After a short time, the two switch their communication to a messenger service. She introduced herself as a manager at a bank in London and raved about her winnings trading cryptocurrencies. She now offered to support him in trading. All communication took place exclusively via the messenger service; there was never any personal or telephone contact.
Very convincing “manager”
For the 29-year-old, the crypto trading offer seemed credible and his interest was piqued. He was particularly impressed by a trade in which the alleged manager was said to have made the equivalent of around $3,000 in profit within a minute. He set up an account on a website called the “manager” and deposited money there. Since all of his trades initially appeared to make profits, he considered the site to be reputable and gradually invested additional capital.
After some time, he wanted to transfer his investments and his profits to his own account (wallet). Since this was not possible, on the advice of the “manager” he contacted supposed support, where he was informed that he would have to purchase additional cryptocurrencies. When he had collected the necessary money, he was told that the currency had risen significantly and that he had to invest even more. The “manager” offered to support him. She allegedly lent him money, which was then immediately reinvested into the account.
Became suspicious too late
Only now did the 29-year-old become suspicious. He found out on the Internet about the site where he had invested. He found some warnings and correctly decided to file a report.
When the complaint was filed, it quickly became clear to the investigators that the Korbacher had been taken in by fraudsters. His investments went directly into the fraudsters’ so-called wallet.
The Kassel public prosecutor's office managed to obtain an asset arrest and to secure a so-called wallet, a type of digital bank account, of a suspected money launderer with a balance of the equivalent of around 95,000 euros. This meant that at least part of the Korbacher's and possibly other injured parties' money could be secured. The damage to the Korbacher still amounts to tens of thousands of euros.
Police warn of crypto trading scams
People you meet on virtual platforms are not always who they claim to be.
The consumer advice center offers advice on crypto trading and other topics.
Report it immediately if you suspect you have fallen victim to a crypto trading scam. Contact your bank to possibly reverse payments that have already been made.
Source: Korbach police
Do not miss! This is what a “WhatsApp scam” looks like – original images published
If you enjoyed this post and value the importance of well-founded information, become part of the exclusive Mimikama Club! Support our work and help us promote awareness and combat misinformation. As a club member you receive:
📬 Special Weekly Newsletter: Get exclusive content straight to your inbox.
🎥 Exclusive video* “Fact Checker Basic Course”: Learn from Andre Wolf how to recognize and combat misinformation.
📅 Early access to in-depth articles and fact checks: always be one step ahead.
📄 Bonus articles, just for you: Discover content you won't find anywhere else.
📝 Participation in webinars and workshops : Join us live or watch the recordings.
✔️ Quality exchange: Discuss safely in our comment function without trolls and bots.
Join us and become part of a community that stands for truth and clarity. Together we can make the world a little better!
* In this special course, Andre Wolf will teach you how to recognize and effectively combat misinformation. After completing the video, you have the opportunity to join our research team and actively participate in the education - an opportunity that is exclusively reserved for our club members!
Notes:
1) This content reflects the current state of affairs at the time of publication. The reproduction of individual images, screenshots, embeds or video sequences serves to discuss the topic. 2) Individual contributions were created through the use of machine assistance and were carefully checked by the Mimikama editorial team before publication. ( Reason )

