Crypto Fraudsters Posing As Canadian Officials Allegedly Duped Victims, CBI Recovers Rs 1 Crore
1 year, 5 months ago

Crypto Fraudsters Posing As Canadian Officials Allegedly Duped Victims, CBI Recovers Rs 1 Crore

ABP News  

The Central Bureau of Investigation conducted searches at the residences of individuals suspected of engaging in fraudulent activities related to cryptocurrencies, as per officials, PTI reported. The alleged fraudsters were accused of posing as Canadian government officials to deceive victims into transferring their assets to cryptocurrency under the guise of providing technical support. Utilizing local intelligence and surveillance inputs, the CBI initiated a search operation at the properties of two suspects identified as Sahil Pal and Ashish Bhambani. The accused reportedly adopted a fraudulent scheme wherein they pretended to offer technical support consultations to unsuspecting victims. The case highlights the need for increased vigilance and awareness regarding the risks associated with cryptocurrency transactions, especially in the context of fraudulent schemes perpetuated by impersonators posing as authorities.

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History of this topic

Cyber fraud case: CBI raids 10 places in Delhi, Gurugram following complaint by I4C
Trending News
1 month ago

Cyber fraud case: CBI raids 10 places in Delhi, Gurugram following complaint by I4C

New Indian Express  

NEW DELHI: The Central Bureau of Investigation on Wednesday conducted searches at 10 locations across Delhi and its adjoining areas in connection with its probe into a case linked to cyber fraud involving embezzlement of Rs 117 crore, officials said. A senior CBI official said, “The investigation so far has revealed that fraudsters operating from overseas use digital platforms such …

CBI raids 10 locations in Delhi-NCR to bust Rs 117-crore cyber fraud case
1 month ago

CBI raids 10 locations in Delhi-NCR to bust Rs 117-crore cyber fraud case

India Today  

The Central Bureau of Investigation on Wednesday conducted raids at 10 locations in New Delhi and adjoining areas in connection with its ongoing investigation into transnational cyber-enabled financial frauds involving Rs 117 crore, officials said. “The investigation so far has revealed that fraudsters operating from overseas use digital platforms such as websites, WhatsApp, and Telegram to target victims in India," …

Assam online trading scam: CBI conducts raids in 5 states; 1 key accused arrested
1 month, 3 weeks ago

Assam online trading scam: CBI conducts raids in 5 states; 1 key accused arrested

Hindustan Times  

The Central Bureau of Investigation has arrested one of the prime accused persons from West Bengal in connection with 41 cases of online trading fraud in Assam. In a statement issued on Friday, the CBI stated that one Gopal Paul, who is the primary accused in the one of the cases, was arrested from his hideout in Siliguri in West …

How social engineering scamsters have weaponized fear of the CBI, ED to defraud victims
1 month, 4 weeks ago

How social engineering scamsters have weaponized fear of the CBI, ED to defraud victims

Live Mint  

Oswal’s ordeal began on the afternoon of 27 August, with an innocuous phone call. Subsequent calls from people posing as CBI or Enforcement Directorate officials accuse them of involvement in a money laundering or narcotics case, and once the victims are on the defensive, place them in “digital custody". “Cyber frauds have risen because fraudsters have cracked the social engineering …

IPS Officer Bhagyashree Navtake Arrested for Forgery and Conspiracy in ₹1,200 Crore Scam
2 months, 3 weeks ago

IPS Officer Bhagyashree Navtake Arrested for Forgery and Conspiracy in ₹1,200 Crore Scam

The Hindu  

Central Bureau of Investigation (CBI) has booked an IPS officer named Bhagyashree Navtake for forgery and criminal conspiracy in a ₹1,200 crore scam probe. The CBI investigation found instances of forgery, including registering three cases under one crime in a single day and obtaining complainants’ signatures without their presence. The case was filed based on a CID report highlighting procedural …

CBI busts transnational cyber fraud network, nabs key operative from city
3 months, 3 weeks ago

CBI busts transnational cyber fraud network, nabs key operative from city

Hindustan Times  

MUMBAI: The Central Bureau of Investigation, with assistance from the Federal Bureau of Investigation, busted a transnational Cyber fraud network by arresting its key operator, Vishnu Rathi, from the city. The CBI is in touch with the FBI and law enforcement agencies of several other countries through INTERPOL to get details on the fraud network’s other possible victims, the movement/parking …

Americans lost $5.6 billion last year in cryptocurrency fraud scams, the FBI says
4 months ago

Americans lost $5.6 billion last year in cryptocurrency fraud scams, the FBI says

Associated Press  

WASHINGTON — Americans were duped out of more than $5.6 billion last year through fraud schemes involving cryptocurrency, the FBI said in a report released Monday that shows a 45% jump in losses from 2022. The FBI received nearly 70,000 complaints in 2023 by victims of financial fraud involving bitcoin, ether and other cryptocurrencies, according to the FBI. “The decentralized …

Six booked in cryptocurrency theft case
5 months, 2 weeks ago

Six booked in cryptocurrency theft case

Hindustan Times  

Chatushrungi police have booked six persons for threatening a 26-year-old Bavdhan resident and forcibly stealing his bitcoins estimated to be worth ₹16 lakh. The incident took place between July 22 and July 24 in Balewadi-Shikrapur area. The complainant has been identified as Umesh Hedao and an FIR has been lodged under Bharatiya Nyay Sanhita 310, 140 and Arms Act against …

Wave of financial fraud cases hits Chandigarh
6 months, 1 week ago

Wave of financial fraud cases hits Chandigarh

Hindustan Times  

The city has recorded a spate of financial fraud cases recently, with multiple FIRs being filed across various police stations. Ravi Kumar from Maloya Colony complained that Ashish, Vivek, Vikram and Sumit Chauhan took money from him by falsely promising him a job as a peon in the Chandigarh municipal corporation. Praween Kumar, chief manager at Indian Bank, Sector 17-B, …

Scammers dupe high profile victims while posing as law Enforcement officers to extort money
8 months, 3 weeks ago

Scammers dupe high profile victims while posing as law Enforcement officers to extort money

Op India  

Two sensational cases of Cybercrime have made headlines in less than a week, causing an alarming concern. Reportedly, the scammers posed as CBI officers who made her strip on camera on the pretext of conducting ‘narcotic tests’. Scammers posing as Delhi Customs and NCB officials defrauded Bengaluru Software engineer According to reports, 52-year-old software engineer Kumaraswamy Sivakumar, who hails from …

Pune businessman duped of ₹1.57 cr in cryptocurrency fraud, two held
1 year, 1 month ago

Pune businessman duped of ₹1.57 cr in cryptocurrency fraud, two held

Hindustan Times  

The city cyber police arrested two brothers for duping a city-based businessman to the tune of ₹1.57 crore in cryptocurrency ledger nano wallet fraud. Police further revealed that the accused duo duped many more such people to the tune of ₹ 8 crore and investigation regarding the same is underway. Meenal Supe-Patil, senior police inspector at cyber cell Pune, said, …

How 5 Indian Americans allegedly laundered $30m in Cash-for-Bitcoin scam in New York
1 year, 2 months ago

How 5 Indian Americans allegedly laundered $30m in Cash-for-Bitcoin scam in New York

Hindustan Times  

Five Indian Americans are reportedly being investigated for an illegal $30million crypto exchange scheme operating in the heart of New York. 5 Indian Americans, Shaileshkumar Goyani, Brijeshkumar Patel, Hirenkumar Patel, Naineshkumar Patel, Nileshkumar Patel, and Raju Patel have been accused of running this illegal Bitcoin exchange with an adept criminal finesse, bypassing the legal scrutiny. The report claims, this individual …

Police recover ₹12 lakh invested by techie in fake cryptocurrency scam
1 year, 3 months ago

Police recover ₹12 lakh invested by techie in fake cryptocurrency scam

The Hindu  

The Mysuru city police have helped a techie recover ₹12 lakh that he had invested in a fake cryptocurrency scam. According to Mysuru City Police Commissioner Ramesh B., the victim, who is also incidentally an ex-employee of a software company, had fallen victim to one such cryptocurrency scam to which he had received an invitation on a social media messaging …

Cryptocurrency scam losses are rising - fuelled by social media
3 years, 2 months ago

Cryptocurrency scam losses are rising - fuelled by social media

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our …

Fraudsters steal £4m as investors are lured by sophisticated scams
4 years, 5 months ago

Fraudsters steal £4m as investors are lured by sophisticated scams

Daily Mail  

Fraudsters have stolen around £4million from investors in recent months through large-scale sophisticated scams, the Investment Association has warned. Aiming to capitalise on savers’ uncertainty during the coronavirus lockdown, the fraudsters have been impersonating real investment managers and their products – investment bonds in particular. They have been promoting them on fake price comparison websites, luring victims through Lockdown scams: …

Most CBI fraud cases based on bank complaints
5 years ago

Most CBI fraud cases based on bank complaints

The Hindu  

Amid apprehensions of “undue harassment” by the three Cs — the CBI, the Central Vigilance Commission and the Comptroller and Auditor General, figures show that most of the 90-odd bank fraud cases registered by the CBI this year were based on complaints from lenders. Earlier this week, the CBI registered yet another case worth ₹110 crore against former Maruti Udyog …

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