Retiree (77) from Krk Loses €7,000 in Scam
After registering on an automated trading site, an unknown man posed as a financial advisor and persuaded her to make additional payments. Police warn citizens about suspicious get-rich-quick offers.
After registering on an automated trading site, an unknown man posed as a financial advisor and persuaded her to make additional payments. Police warn citizens about suspicious get-rich-quick offers.
Police officers from the Krk Police Station are conducting a criminal investigation into a fraud in which a 77-year-old Croatian citizen lost €7,000. The case came to light after the woman reported that unknown perpetrators had promised her substantial profits from cryptocurrency trading with the help of artificial intelligence, only to leave her without her invested money and the purported gains.
According to a statement from the Primorje-Gorski Kotar Police Department, the victim registered on a website in June 2026 that offered automated cryptocurrency trading and AI-based investment services. After making an initial deposit, she was contacted by an unknown man who introduced himself as a financial advisor.
At the urging of the fake advisor, the woman paid an additional €4,500, convinced she would secure significantly higher profits and bonuses. In early July, when she requested a withdrawal of her supposed earnings, the unknown man persuaded her that she needed to pay another €2,500 for alleged processing fees before the payout could be made. The victim made that payment as well, but neither the profits nor her invested funds were ever returned.
In light of this incident, the Primorje-Gorski Kotar Police Department has once again issued a series of warnings to the public. "Be suspicious of offers promising quick and large profits: Offers that guarantee high returns with minimal risk, especially those related to cryptocurrencies and AI trading, are typically scams," the statement reads.
The police advise citizens never to pay additional amounts for the "release of profits." "Legitimate financial institutions never ask for upfront fees, taxes, or processing costs to release your money," the police department emphasizes.
Before making any investment, citizens should verify the legitimacy of the platform, for example through HANFA's registers, to ensure the company is licensed to provide financial services in Croatia. Additionally, they should never share personal and banking details, including card numbers and CVV/CVC codes, with unknown individuals online or over the phone.
"If you suspect you are a victim of fraud, immediately stop all payments and report the incident to your nearest police station," the police urge.