27-year-old man sentenced to two years in prison for online fraud involving a €10,000 transfer
The District Court sentenced a 27-year-old man, finding him guilty of fraud and legalization of illegal income. The court imposed two concurrent sentences — 12 and 24 months of imprisonment. Since the sentences run simultaneously, the convicted man will actually serve two years behind bars.
According to case materials, a company from Larnaca transferred 10,000 euros to a firm in Limassol for construction materials. However, the funds never reached the intended recipient — they were directed to a bank account controlled by the perpetrators.
The investigation established that the fraudsters gained access to the electronic correspondence between the companies and sent a fake letter with altered payment details. As a result, the money was transferred to the wrong account.
The incident was reported to the police by the director of the affected company on June 28, 2023. After technical examinations and analysis of banking operations, investigators collected evidence against the suspect. He was arrested on July 13, 2025.
Based on the evidence presented, the court found the man guilty and sentenced him to two years of imprisonment.
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