Sophisticated Scam in France: Pensioners Lose Gold and Jewelry Worth €1.1 Million

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A carefully constructed fraud scheme has cost a retired couple in France a fortune of around €1.1 million. The perpetrators, according to French media, posed as employees of a security company, exploited fears over a personal data leak, and convinced the elderly couple to hand over their gold, cash and jewelry themselves.

Sophisticated scam in France: pensioners lose gold and jewelry worth €1.1 million

The phone call that opened the door to the scam

The incident began on July 31 in Lainville-en-Vexin, a village of about 800 residents in the Yvelines department. According to the version reported by French media, the couple received a phone call from a person who introduced himself as an employee of a security company.

He told them that the family’s personal data had been compromised after an information leak and asked them not to leave the house. To make the story more credible, he also instructed them to file a preliminary complaint.

How the couple was separated and the safe targeted

Two days later, the scheme moved into another phase. According to reports, the perpetrators got the husband out of the house under the pretext of a security procedure and took him away by car.

At the same time, the wife received another phone call from a person who also presented himself as an employee of the security company. After learning that the family had a safe, he asked about its contents and convinced her that the valuables had to be temporarily transferred to a secure location.

€1.1 million handed directly to the fraudsters

The pensioner put €5,500 in cash, gold coins, gold bars and jewelry into a bag. The total value of the assets handed over is estimated at around €1.1 million.

The bag was handed to a man who arrived at the home posing as a courier. Only shortly afterward did the couple realize they had been scammed and file a police complaint.

Suspicion of a data leak and an investigation into other cases

French investigators are examining the possibility that the victims may have been identified through a personal data leak. The suspicion comes at a time when, according to reports in France, several companies involved in the buying and selling of gold have fallen victim to cyberattacks in recent months.

The perpetrators remain at large, while the investigation is checking whether the same scheme was also used against other people who keep gold or valuables at home.

The case once again highlights how modern scams rely not on force, but on psychological manipulation and the use of personal data.

When perpetrators know whom to call, what to tell them and how to isolate victims, the damage can be catastrophic before institutions are able to respond.

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