Uttar Pradesh State Task Force
Uttar Pradesh Special Task Force Catches Bitcoin Thieves Defrauding Job Seekers
November 5, 2019
Uttar Pradesh State Task Force
Uttar Pradesh Special Task Force Catches Bitcoin Thieves Defrauding Job Seekers
November 5, 2019

The Uttar Pradesh Special Task Force (STF) has arrested a gang of Bitcoin (BTC) thieves who act as employment agents, posting fake overseas job offers online to defraud applicants of their cryptos.

On November 4, 2019, it has been reported by the Times of India that authorities have succeeded in apprehending three members of the gang, seizing their ATM cards and Rs 21,300 (roughly $301) in cash.

Instead of the unfriendly stance of the Indian Government towards Bitcoin (BTC) and other cryptocurrencies, bad actors in the region remain very much interested in enriching their wallets with ill-gotten cryptos.

However, in the latest development, the Uttar Pradesh Special Task Force has arrested Rakesh Kumar Singh, Bittu Yadav, and Pradeep Deo, three Bihar residents who formed a fake employment agency that posts fake vacancies online and demand Bitcoin from unsuspecting job seekers.

Rajeev Mishra, the Senior Superintendent of Police (SSP) at the STF, has revealed that the group was made up of a “scammer,” whose responsibility was to advertise the fake job openings online, a “picker” who collects the application fee from interested applicants and a Bitcoin trader who then converts the funds into Bitcoin and transfers it to different wallets.

ALSO READ :  Indian IT Giant Tech Mahindra Launches Blockchain Accelerator With The Government Of Telangana

Mishra said:

“The scammer is the main handler of the scheme. He roped in a bitcoin vendor and pickers give them their commission after executing each mission. The scammer posted adverts for jobs asking people to contact him. Once an applicant gets trapped, the picker asks him to transfer money into a specific bank account for the purpose of registration.”

Rajeev Mishra

Likewise, explaining how the culprits were grasped, the SSP stated that they immediately acted on a tip-off from members of the public. The law enforcement agents said that the criminals had duped several Indians, including those living in the U.S., Australia, Canada, and the United Kingdom.

The police claimed to have recovered 16 different ATM cards, a driver’s license, two Aadhaar cards, two PAN cards and 21,300 Indian rupees from members of the gang.

Similarly, the police team said that the arrested men were functioning as pickers and they have also disclosed the names of other members of the group who are currently at large. The entire bank accounts used in the operations, plus the transaction details have reportedly been gotten by the police.

ALSO READ :  Crypto Emergency App Guardian Circle Sees A Huge Surge In Monthly Downloads Due To COVID-19

Thus, in July 2019, it was reported that India’s State Crime Investigation Department (CID) had crushed a crypto scam scheme in Surat, arresting four suspects.

Source: btcmanager.com


Disclaimer

Crypto News Point a news platform of Digital Notice Media Labs is primarily a regular publication of information, commentary and articles focused extensively on fintech, blockchain technology, cryptocurrency, blockchain-based tokens, cryptocurrency market trends, and trading strategies. We do not provide individually tailored investment advice and does not take a subscriber’s or anyone’s circumstances into consideration when discussing investments, nor is Crypto News Point registered as an investment adviser or broker-dealer in any jurisdiction. Information contained herein is not an offer or solicitation to buy, hold, or sell any digital assets.

Affiliate Disclosure: To help support the work we do here at CNP, we often link to products and deals from around the web. Should you buy some of these, we may get a portion of the sale.

We in generally gather content from the major websites. In every article there is always a clear link and attribution to the source publication. If you have any issue with any of our published content taken from your site, kindly let us know so that we can take appropriate action. In any case, the content of the pages of this website is for your general information and use only. It is subject to change without notice.

You May Also like

Ishita Bora

Ishita Bora is a Senior Content Creator at Digital Notice Media Labs. She has completed her Master's Degree in Language and Linguistics in 2019 from Gauhati University, India. She is an archetypal writer, who loves to create her own little world with words and locutions. Apart from this, her interest lies in blockchain technology and cryptocurrency space, as she loves writing about blockchain and other blockchain-related articles. Currently, she is working on blockchain-based news, reviews, featured articles, and guides.
Share This

Share This

Share this post with your friends!