2023-08-26 17:00:00
cybercrime
Fraudulent online trading is a rapidly growing market.
(Photo: dpa)
Frankfurt It started with a seemingly lucrative job in the financial sector and ended in a drug addiction that cost thousands of euros a month – and in a prison cell.
This is the short story of Tal-Jacki ZF, a convicted cyber trading scammer. In 2021, before the Munich Regional Court, he confessed to having defrauded victims in Germany, Austria and other countries of 8.7 million euros.
He helped run highly professional call centers in Bulgaria, Serbia, Bosnia-Herzegovina and Georgia. With the help of sophisticated software, investors were robbed of their money. Fraudulent websites imitated legitimate trading platforms and tricked customers into believing real financial transactions.
Fraudulent online trading is a rapidly growing market. The US FBI estimates that US citizens lost $3 billion to such scams last year. The situation is similar in wealthy European countries.
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