Arrests Made in Rs 1 Crore Cyber Fraud Inspired by 'Money Heist

 


The Uttar Pradesh Cyber Crime police have apprehended two individuals in connection with a fraudulent transaction amounting to Rs one crore from the bank account of a businessman located in Noida. The perpetrators, drawing inspiration from the widely popular web-series "Money Heist," employed sophisticated methods to orchestrate the crime, which encompassed hacking the complainant’s company email, exploiting virtual private networks, utilizing resources from the dark web, and fabricating counterfeit identities.


Official sources report that subsequent to discovering unauthorized fund transfers from his bank account, the businessman promptly lodged a formal complaint at the Cyber Crime police station in Noida. Inspector Reeta Yadav, the designated investigator, unveiled that the culprits ingeniously devised a mechanism to circumvent the One-Time Password (OTP) dispatched to the registered mobile number associated with the compromised bank account.


Also Read: Cybercrime in Nagpur - Cyber Blackmailer Couple Arrested in Pune for Extorting Money

Influenced by "Money Heist":


The apprehended suspects have been identified as Ritesh Chaturvedi, who also operated under the alias Amit Singh, and Rishabh Jain, who assumed the fictitious name Prince Thakur. During the course of the investigation, the duo acknowledged their involvement in the crime and attributed their motivation to the immensely popular crime drama web-series "Money Heist."


Inspector Yadav disclosed that the criminals strategically infiltrated various WhatsApp and Telegram groups, adopting the identities of key characters from the series. Chaturvedi assumed the pseudonym ‘Professor,’ while Jain chose to operate under the guise of ‘Rio’ within these virtual platforms.


Utilization of Advanced Techniques:


The cybercriminals employed an array of sophisticated techniques to ensure their actions remained undetected and the fraudulent transfer proceeded smoothly. After gaining unauthorized access to the victim's bank account, they proceeded to disperse the misappropriated sum of Rs one crore across four distinct bank accounts, each established under forged identities.


In a bid to further obfuscate their trail, the offenders converted the pilfered funds into cryptocurrencies via a digital wallet featuring USDT (Tether). To stay concealed from law enforcement agencies, they adeptly leveraged virtual private networks and the dark web.


Confiscation of Evidence and Legal Ramifications:


Upon their apprehension, the police seized a substantial amount of evidence from Chaturvedi and Jain. This encompassed items such as a motor vehicle, a laptop, eleven mobile phones, twenty-five SIM cards, twenty-three debit cards, and several other materials.


Triveni Singh, the Superintendent of Police overseeing UP Cyber Crime, lauded the commendable efforts of the police team in successfully cracking the case. As a gesture of recognition for their dedicated work, Singh announced a reward of Rs 25,000 for the satisfactory resolution of the investigation.

Also Read: Kashmiri Brother-in-Law could not show Kamal, and pressure on Nagpur police failed

The accused individuals are facing charges under Section 420 of the Indian Penal Code (pertaining to cheating) and various provisions outlined in the Information Technology Act. The police have meticulously ensured the confiscation of all technical resources implicated in the execution of the crime as an integral facet of the ongoing investigation.


The Cyber Crime police unit in Noida consistently emphasizes the importance of maintaining vigilance against potential online scams and urges the public to promptly report any instances of suspicious activities. The arrests of Chaturvedi and Jain stand as a resolute warning to potential cybercriminals that their transgressions will be met with legal consequences.


Source: https://www.the420.in/money-heist-fans-arrested-rs1-crore-fraud-noida/







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