Global Cyber Fraud Syndicate Unveiled: Chinese-Taiwanese Collaboration in Cryptocurrency Scam

 

In a significant breakthrough, the Cyber Station Police of the Criminal Investigation Department (CID) in Jharkhand has successfully apprehended a 31-year-old resident of Taiwan, Jeevan Gopinath Galdhar, involved in a sophisticated cyber fraud operation targeting individuals in India. The arrest took place upon Galdhar's arrival in India from Taiwan, following a lookout notice issued against him.

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

Arrest Details and Seized Items

Upon detaining Galdhar, law enforcement authorities discovered a cache of incriminating evidence. Confiscated items included 3300 Taiwan dollars, Rs 48,400 in cash, two mobile phones, two SIM cards, a Bank of Taiwan credit card, four ATMs, Aadhaar and PAN cards, two credit cards, and a passport belonging to the accused.

Unveiling Fraudulent Activities

The genesis of the case traces back to July 5 when a victim from Dhanbad filed a complaint with the Cyber Crime Police Station in Ranchi. The victim reported falling prey to an online fraud scheme that encompassed various sections of the Indian Penal Code (IPC) and the IT Act. The modus operandi involved the accused contacting the victim through a profile on www.jeevansathi.com, enticing them to invest in cryptocurrency with promises of substantial profits.

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

The victim was led to register on a fraudulent website, www.banocoin.org, where they deposited money into different bank accounts via UPI. The fraudulent website then showcased false profits, deceiving the victim. Subsequent investigations unveiled the operation of the fake website from locations in Hong Kong, China, and Cambodia. Further scrutiny of the financial trail exposed multiple bank accounts associated with fictitious companies registered in Maharashtra, Delhi, and Uttar Pradesh, facilitating transactions totaling millions of rupees. The accused successfully defrauded the victim of Rs 95,02,000, prompting swift police action, resulting in the freezing of Rs 67,00,000 across the fraudulent accounts.

Also Read: Pune Couple's Organized Cyber Blackmailing Scandal Uncovered

Multi-Agency Collaboration and Accomplices

Collaboration between the Cyber Police Station in Ranchi, the Indian Crime Coordination Center, and the Cyber Police in Aurangabad, Maharashtra, proved instrumental in tracing the involvement of a cyber criminal residing in Taiwan. This individual had collaborated with a Chinese citizen to establish accounts in India, channeling funds obtained from part-time job fraud and cryptocurrency scams into various shell companies' accounts in India. The illicitly obtained money was then transferred to different Blockchain wallet addresses on cryptocurrency exchanges. Earlier in the investigation, two associates of the accused, Prateek Santosh Rawat and Abhishek Tupe, were apprehended in Aurangabad, Maharashtra.

Preventive Measures and Advisory

In light of this cyber fraud case, authorities issued a series of precautions to protect individuals from falling victim to similar schemes. Citizens were advised to refrain from exchanging money with unknown international or virtual numbers, avoid clicking on unfamiliar links received via SMS, steer clear of investing in unknown bank accounts or cryptocurrency wallets, and promptly report any instances of fraud to the Cyber Crime Helpline (1930) or www.cybercrime.gov.in. Additionally, users were urged to verify the authenticity of matrimonial sites like jeevansathi.com before engaging with them.

Also Read: Pune Couple's Organized Cyber Blackmailing Scandal Uncovered

Conclusion

The successful arrest of Jeevan Gopinath Galdhar and the dismantling of the international cyber fraud ring underscore the significance of collaborative efforts between law enforcement agencies. This case serves as a stark reminder of the evolving nature of cyber threats and the need for constant vigilance to protect individuals from falling prey to sophisticated online scams. Authorities continue to emphasize awareness and education as crucial tools in the ongoing battle against cybercrime, urging citizens to remain vigilant and report any suspicious activities promptly.

Source: https://www.the420.in/global-cyber-fraud-syndicate-unveiled-chinese-taiwanese-collaboration-cryptocurrency-scam/



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