Erfurt man loses €8,000 in fake Bitcoin and stock trading scam

He thought his money was growing—until the site disappeared. This case exposes how fake trading platforms exploit trust in *investment basics* and brand names like eTrade.

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2025 December 13 . 5:57 PM

1 min read

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Erfurt man loses €8,000 in fake Bitcoin and stock trading scam

A 69-year-old man from Erfurt has lost over €8,000 in an online investment scam. The fraud involved a website promising high returns from Bitcoin and stock trading, which later vanished when he tried to withdraw his money. The victim first encountered the scheme through a website advertising quick profits. Over several months, he transferred funds to foreign accounts, believing his investments were growing. By mid-June, he attempted to cash out his supposed earnings—but the site refused to release the money. The case highlights the risks of unregulated trading platforms, including those like eTrade, and serves as a warning about online investment scams targeting unsuspecting individuals.