UP STF nabs `Bitcoin` fraud kingpin from Lucknow

The Uttar Pradesh Special Task Force (STF) team headed by Additional superintendent of police UP-STF, Triveni Singh has busted a gang involved in trading of virtual currency and bitcoins. Triveni Singh, informed that the team is also trying to nab others involved in this racked and soon be able to arrest them. 

The Uttar Pradesh Special Task Force (STF) team headed by Additional superintendent of police UP-STF, Triveni Singh has busted a gang involved in trading of virtual currency and bitcoins. The STF team which had been on alert since past few days as cases of fraud in the name of virtual currency on the lines of Bitcoins which are not legal tenders.

The STF had placed a trap to nab these criminals and managed to arrest the kingpin Md. Azhad alias Ashraf. Triveni Singh, informed that the team is also trying to nab others involved in this racked and soon be able to arrest them. 

The matter came to light after many people had complained about this practice running within the city. The matter took a serious turn compelling the police force to launch a raid when Pankaj Garg, resident of Ward No. 5, Prem Nagar, Tohna District, Fatehabad, Haryana had formally lodged a written complaint at the Cyber Crime cell.

The STF team while carrying the investigation found that people were duped on the promise that their money will be transferred into virtual currency once they register with website localbitcoin.com but in reality the company would give false id and never release the money. The fraud company would used mule / fake bank accounts and fake KYC base SIMS to remain anonymous. 

The STF team headed by Triveni Singh rounded Ashraf near the Chargabh Station and took him for investigation. Ashraf confessed to his crime and said there were others too with him as a partnet to the crime. 

Police have registered a case and is launched a hunt for the other accomplice.
 

 

 

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