Fraud warning: LKA gives tips against online trading traps in BW!

Fraud warning: LKA gives tips against online trading traps in BW!

Stuttgart, Deutschland - Stuttgart (ots)

The temptation of high profits with a minimal risk is a big business for many investors. However, the State Criminal Police Office Baden-Württemberg (LKA BW) urgently warns of fraudulent online trading platforms that attract potential victims with precisely such promises. These fraudsters use targeted advertising on the Internet to attract those interested in investments to their dizziness.

In these fraud stitches, the perpetrators usually start harmless: small initial investments of EUR 250 seem to quickly bring high profits. This initial happiness leads many to invest ever higher amounts, which the criminals take advantage of. Ute Scholpp, the head of the State Criminal Police Prevention at LKA BW, describes how the perpetrators put their victims under pressure: "Criminals specifically put their victims under time pressure with temporary offers." Many investors are also encouraged by constant calls and messages to venture further investments.

scam in detail

The shock usually follows when the victims want to withdraw their supposed profits. Either the trading platform suddenly no longer has a existence, or the money invested is opened by alleged taxes or fees. Again and again investors experience that they see nothing of the money they had given as a "profit". Laptop and mobile phone remain empty - the tempting profits were an illusion from the start.

An alarming increase in such fraud cases was recorded in 2023. According to LKA BW, the total damage amounted to a terrifying 77.4 million euros. This number illustrates how important it is to regularly inform yourself about current fraud stitches and act preventively.

To protect itself from such fraud, the LKA BW has put together a number of tips. First and foremost, people who consider considering online trading should carefully check the platforms. Trust is good, control is better: don't let yourself be put under pressure, but take your time to evaluate the offer.

is particularly important not to pass on confidential data such as access data for online banking or ID copies. Your own financial matters should always remain in your own hand - nobody should give strangers access to their own computer.

In the case of fraud, it is recommended to inform the police and file a complaint. In addition, consumer advice centers or independent financial consultations can provide valuable help and critically evaluate the offers. The LKA BW has provided more information in a new information sheet, which contains important information on avoiding fraud in online trading. The contact details for independent advice can also be found here.

Interested parties can be the information sheet at this link see. In addition, the police crime prevention (Propk) provides a social media kit that provides additional information.

If you want to be successful in the world of online trading, you should always be vigilant. This is the only way to see the beautiful illusions of the fraudulent providers before it is too late.