Police in India have arrested the cryptocurrency participants in the fraudulent scheme

QB Exchange
Nov 6 · 1 min read

The Uttar Pradesh Special Task Force (STF) has arrested fraudsters who posted fake job offers abroad on the Internet to lure cryptocurrency from job seekers.

According to the local times of India, police arrested Rakesh Kumar Singh, Bittu Yadav and Pradeep Deo, three Bihar residents who posted fake jobs online and lured bitcoins and Fiat currency from unsuspecting job seekers.

STF superintendent Rajeev Mishra said that one of the members of the group promoted fake jobs on the Internet, the second collected a “fee” from interested applicants, and the third converted the funds into cryptocurrency and transferred it to various wallets.

According to law enforcement officials, the criminals deceived several Indian citizens, including those living in the US, Australia, Canada and the UK. The caught criminals participated in the scheme as “pickers,” but they revealed to police the names of other members of the group.

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