The man and the woman got to know each other because they lived in the same neighbourhood in Motala in central Sweden.
“He lent her 8,000 kronor ($1,040) to help with the purchase of a car,” said Pär-Åke Ekholm of the Motala police to the Motala & Vadstena Tidning newspaper.
But when the man later spoke with the woman about repayment, she refused to hand over the money, suggesting some other form or repayment instead.
The woman told the 66-year-old that he could have sex with her on twelve occasions instead of getting back his 8,000 kronor.
When the woman later refused to hold up her end of the deal, the man reported her to police for fraud, claiming that he had lost both his money and the promised sex.