Lincoln man lost $1.3 million in months-long online fraud scheme, police say

LINCOLN, Neb. (KLKN) – Police are investigating after a Lincoln man lost over $1 million in an online fraud scheme.

On Friday, a financial adviser reported the months-long scam, which began when a 74-year-old man met a woman online.

She introduced him to a website where he could make “a lot of money” by buying and selling items using cryptocurrency, according to police.

Over several months, the man transferred over $1 million from his bank accounts, police said.  He also took out a home equity credit line of $300,000.

“We would really like to remind everyone to be wary of online communications you’re having, if and when you are asked to wire money, transfer money,” said Capt. Todd Kocian with the Lincoln Police Department.

An investigation is ongoing.

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