An international gang that defrauded individuals through crypto trading scams has been exposed, leading to the arrest of eight people involved in the fraudulent activities. The gang’s modus operandi included convincing victims to open bank accounts under the pretext of needing them for business purposes. They then used these accounts to conduct illegal transactions, including crypto trading, which involved crores of rupees.
The operation was uncovered by the Cyber Cell in coordination with the Baghana police station, following a case filed by one of the victims, Piyush Kumar. He reported that he was deceived into opening a bank account for the gang’s fraudulent activities. The investigation revealed that the main operator of the gang was managing operations from abroad.
The gang operated under the guise of Forex Money Exchange and used Telegram to communicate and lure victims with promises of quick profits in exchange for their investments. Victims were often offered small amounts of money or commissions to provide their banking details, ATM cards, and SIM cards. These details were then used to conduct illegal transactions, withdraw funds, and launder money via fake accounts.
The police arrested the following individuals: Manish Vishnoi (21, Jodhpur), Shubham Bhatt (30, Jaipur), Tarun Vyas (21, Jodhpur), Bhupendra Singh (21, Jodhpur), Vinod Vishnoi (20, Phalodi), Mukesh Vishnoi (25, Jodhpur), Sundar Vishnoi (19, Jodhpur), Nikhil Bhosale (Neemuch), and a juvenile offender.
A significant amount of evidence was seized during the raid, including Rs 11 lakh in cash, two ATM swap machines, a note-counting machine, 28 mobile phones, 44 ATM cards, three CPUs, a laptop, passbooks, and chequebooks. Additionally, 119 bank accounts linked to the gang have been frozen as part of the investigation.
