FraudBusted
8,211 views
1 Posts
Hot
Latest
šØ Busting a Cryptocurrency Fraud Ring! šØ
The Indian Enforcement Directorate (ED) has cracked down on a cryptocurrency fraud ring targeting foreigners. On Friday, the ED announced it had carried out searches in Delhi, Haryana, and Kanpur on June 6th, zeroing in on Prafful Gupta and his associates. This probe is part of an investigation into an online scam aimed at foreigners šš¼.
The investigation kicked off with a report from the Central Bureau of Investigation (CBI). According to the report, Gupta and his gang tricked a victim into transferring a whopping $400,000 into a cryptocurrency account, claiming her bank account wasn't safe. They used unauthorized remote access to set up a crypto account in her name. The money was swiftly converted into cryptocurrency and split among various accomplices šøš.
During their search, the ED found a treasure trove of digital evidence. They also froze fixed deposits worth 725 million rupees ($880,000) and confiscated jewelry valued at 35 million rupees ($420,000). The investigation is still ongoing, so stay tuned! šµļøāāļøāØ
#CryptoScam #FraudBusted #ED #CBI #StaySafe
The Indian Enforcement Directorate (ED) has cracked down on a cryptocurrency fraud ring targeting foreigners. On Friday, the ED announced it had carried out searches in Delhi, Haryana, and Kanpur on June 6th, zeroing in on Prafful Gupta and his associates. This probe is part of an investigation into an online scam aimed at foreigners šš¼.
The investigation kicked off with a report from the Central Bureau of Investigation (CBI). According to the report, Gupta and his gang tricked a victim into transferring a whopping $400,000 into a cryptocurrency account, claiming her bank account wasn't safe. They used unauthorized remote access to set up a crypto account in her name. The money was swiftly converted into cryptocurrency and split among various accomplices šøš.
During their search, the ED found a treasure trove of digital evidence. They also froze fixed deposits worth 725 million rupees ($880,000) and confiscated jewelry valued at 35 million rupees ($420,000). The investigation is still ongoing, so stay tuned! šµļøāāļøāØ
#CryptoScam #FraudBusted #ED #CBI #StaySafe