With supposedly secure safe deposit boxes: Fraudsters steal several hundred thousand euros

, and Administrator

2025 December 19 . 6:57 PM

1 min read

In this picture we can see a market, in which we can see some stoles and we can see few people are... — In this picture we can see a market, in which we can see some stoles and we can see few people are around.

With supposedly secure safe deposit boxes: Fraudsters steal several hundred thousand euros - With supposedly secure safe deposit boxes: Fraudsters steal several hundred thousand euros

Two people in Baden-Württemberg have been arrested for running a fraudulent safe deposit box scheme. The pair allegedly stole valuables worth hundreds of thousands of euros from private investors. Police believe at least five victims lost cash, artworks, and other high-value items after trusting the service.

The scam involved a business offering anonymous storage for valuables in secure boxes. Customers paid fees to store cash, jewellery, and artworks, believing their possessions were protected. Instead, the fraudsters emptied the boxes and disappeared with the contents.

On Thursday, a 33-year-old woman and a 34-year-old man were taken into custody. Officers searched multiple properties around Karlsruhe, seizing electronic devices, cash, and other evidence. Investigators estimate the total losses could reach the high six-figure range. The victims, all private investors, had leased the boxes in good faith. Only later did they discover the storage arrangements were fake and their belongings gone.

Both suspects now remain in pretrial detention while the investigation continues. Authorities are still assessing the full scale of the fraud. The case highlights the risks of unregulated storage services for high-value items.