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Crypto fraud in Ludwigshafen: How to protect your money!
A 60-year-old fell victim to a crypto fraud in Ludwigshafen. He transferred 45,000 euros and recognized the danger too late.
Crypto fraud in Ludwigshafen: How to protect your money!
A 60-year-old man from Ludwigshafen got caught up in a fraud case when he invested in stocks and cryptocurrencies since April 2025. He became aware of the alleged trading group “Charles Schwab Members Group” via the social media platform Instagram. Believing he had discovered a lucrative investment opportunity, the man transferred a total of 45,000 euros to a Spanish account. However, on May 29, 2025, he realized that he had been a victim of fraud and immediately reported it to the police. This incident is part of a worrying trend in which more and more people are falling victim to scammers online. Loud MRN News Many of those affected are inexperienced in online trading, which cybercriminals specifically exploit.
The scammers often pose as real employees and put pressure on their victims to make them invest more. This case is another example of the growing problem of online fraud. The number of those affected is increasing and the financial losses are often five-digit. Common methods used by fraudsters include using social media to entice people with promises of high profits and using so-called “personal advisors” who try to persuade interested parties to invest or spy on their data. Consumer advice center notes that the prices and profits displayed on these platforms are usually fake.
Fraud prevention tips
To protect yourself from such scams, it is advisable to always check offers and providers carefully before investing. Sensitive data, such as online banking login details, should never be revealed. Before registering or transferring money, you should obtain comprehensive information about the trading platform in question and, if necessary, consult the BaFin database. Reputable providers are not only characterized by transparency, but also emphasize the risks of online trading and do not require permission to access personal devices.
If fraud is suspected, those affected can report it to the local police. It is also difficult to get the deposited amount back as fraudsters often operate abroad. However, when paying with credit cards, you have the option of contacting the bank. Cases like the one from Ludwigshafen repeatedly show that the dangerous mix of inexperience and tempting offers on social networks puts people in the firing line of cybercriminals.