The post CBI goes after criminals impersonating government officials to commit crypto scam appeared on BitcoinEthereumNews.com.

The Central Bureau of Investigation (CBI) in India has announced a crackdown on criminals impersonating government officials through crypto scams. According to reports, the CBI carried out a raid on about 11 likely locations of the criminals. In the report, the criminals were said to have been living and operating out of residents in the Delhi and Haryana areas. Officials mentioned that the search, which was carried out due to the criminal elements impersonating government officials, turned up Rs. 1.08 crore ($124,613) in cash, which has been subsequently seized by the authorities. CBI apprehends three in crypto investment scam The police mentioned that the case, a two-year-old investigation, saw a fruitful result on Friday, leading to the search of the criminal hotspots in the region. An official CBI spokesperson mentioned that the criminals violated several regulations in the country, including impersonating government officials to carry out illegal activities and committing crypto scams. According to the spokesperson, three individuals have been arrested for the criminal offense, and authorities have filed a charge sheet against the accused. The spokesperson mentioned that investigations discovered that the criminals were floating a fake crypto investment scheme to traders in India and abroad. Aside from the crypto investments, the group also offered fraudulent technical support consultations, using the avenue to scam unsuspecting victims out of their hard-earned money. The spokesperson highlighted how the group moved the funds before they converted it to cash. “These funds were subsequently routed through multiple crypto wallets and converted into cash,” the spokesperson said. The agency also mentioned that the searches turned up a great deal of evidence, especially digital material incriminating the group of the crimes they are being charged with. “During the searches, the CBI uncovered substantial incriminating digital evidence and seized six laptops, eight mobile phones, and one…

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Filed under: News - @ February 15, 2025 1:21 pm