Financial Crime World

Cyprus Warned of Latest Phishing Scams: €2 Million Stolen in Fraud Cases

Cyprus Police Warn of Phishing Scams

  • 31 May 2023
  • Authorities urge public to be vigilant following a surge in emails impersonating law enforcement officers
  • Logos of both the Cyprus Police and Interpol deceptively used
  • Victims have reported losses totaling over €2 million

Recent Fraud Cases in Cyprus

€52,000 Fraud Suspect in Custody

  • 16 May 2023
  • A 48-year-old man was remanded for eight days by the Nicosia district court
  • Suspect impersonated doctors but has not been identified

Doctor Suspended Amid Allegations of Fraudulent Services

  • 10 April 2023
  • Health insurance organization suspended a doctor after allegations of fraudulent services

Limassol Company Loses €17k in Email Scam

  • 22 February 2023
  • Police reported over €17,000 lost after a company paid an invoice requested via email

Paphos Man’s Story of Losing Millions in a Scam

  • 4 February 2023
  • A man from rural Paphos shares his story of losing millions in an international fraud

Greek Cypriot Jailed for Forging Car Insurance Docs

  • 9 November 2022
  • Turkish Cypriot police arrested a Greek Cypriot and sentenced him to six months in prison

Cyprus Implicated in €15 Million Fraud and Money Laundering Scheme

  • 9 November 2022
  • Two EU bodies suspect Cyprus involvement in a massive international fraud and money laundering scheme

More Fraud Cases in Cyprus

$48,000 Fraud Investigated

  • 4 November 2022
  • Police in Limassol are currently probing an electronic fraud case against an investment services company, reporting losses of $48,000

Seven Arrests in Forged Medical Prescription Case

  • 24 September 2022
  • Turkish Cypriot police arrested seven suspects in connection to an investigation on the forgery of medical prescriptions

Man Arrested for Obtaining 3.6 Million TL through Fraud

  • 11 August 2022
  • A man in northern Nicosia was taken into custody after obtaining an impressive 3,617,166TL in July through fraudulent means

€77,000 Alleged Fraud Investigated

  • 10 July 2022
  • Authorities probe an alleged scam where a woman from Nicosia lost over €77,000 after being persuaded to invest money via social media

British-Cypriot Forex Boss Sentenced for $88 Million Fraud

  • 9 June 2022
  • A fugitive foreign exchange company boss was sentenced to 14 years in jail in his absence for utilizing investors’ cash to fund a lavish lifestyle

London Cypriot Convicted of Fraud

  • 23 May 2022
  • A 41-year-old man, born in Cyprus and based in London, was found guilty of fraud by a London court jury

Alert: Fraudulent Email Scams

  • 17 May 2022
  • The Cyprus police issued a statement warning the public of fraudulent email messages claiming to originate from the force

Other Fraud Cases

Man Held for Fraud and Money Laundering

  • 23 February 2022
  • Police arrested a 69-year-old man for fraud by false representation and money laundering

Betting Agency Fraud Suspect Arrested

  • 20 February 2022
  • Police apprehended a suspect in connection with a betting agency fraud case

Woman Wanted for €200,000 Fraud

  • 19 February 2022
  • Authorities are appealing for information regarding a Vietnamese woman aged 42 to help with investigations into an alleged €200,000 fraud case

Man Accused of Defrauding the Elderly

  • 19 January 2022
  • A 50-year-old man was charged with defrauding the elderly and held in police custody until his trial in February

Forgery of Power of Attorney Certificate

  • 5 December 2021
  • An alleged lack of supervision over certifying officers results in a property owner losing their property

Defrauding a Judgment Creditor

  • 7 November 2021
  • The court will issue an order for the payment of due installments as monetary penalties in case of defraud