Noida, April 7 (IANS) The Cyber Crime Police Station in Noida has busted a major cyber fraud syndicate and arrested four accused for allegedly duping foreign nationals of crores of rupees by posing as technical support agents, officials said on Tuesday.The accused were apprehended from Noida’s Sector-76 following a targeted operation based on technical intelligence and local inputs, police added.According to investigators, the gang ran paid advertisements on the internet and social media platf…
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Washington, April 3 (IANS) A Chinese national has pleaded guilty in a sweeping $27 million fraud and money laundering scheme that targeted around 2,000 elderly victims across the United States, with investigators linking the operation to India-based scam call centres.Jiandong Chen, also known as “Little Tiger”, admitted in federal court that he played a role in the multinational conspiracy that operated between 2021 and 2023, according to the US Attorney’s Office in San Diego.Prosecutors s…
Seoul, March 25 (IANS) The South Korean won rose further against the US dollar on Wednesday as US President Donald Trump continued to signal the possibility of a swift end to the ongoing Middle East conflict.The won opened at 1,493 per dollar, up 2.2 won from the previous session, reports Yonhap news agency.The currency had surged to 1,495.2 won per dollar Tuesday, recovering from a 17-year low of 1,517.3 won in the previous session after Trump said that he had ordered a five-day postponement of…
Ottawa, March 17 (IANS) The rising extortion threats faced by Punjabi builders in Canada’s Vancouver are a clear warning that unchecked organised crime does not remain confined to a suburb or group but spreads across communities, erodes trust, stifles growth, and weakens the nation, a report highlighted on Tuesday. According to a report in Khalsa Vox, what began as isolated incidents in Surrey city, involving cash demands often communicated via phone calls, social media, or letters, has metastas…
New Delhi, March 12 (IANS) The Central Bureau of Investigation (CBI) conducted coordinated searches at 15 locations across Delhi, Rajasthan, Uttar Pradesh and Punjab in connection with a large-scale organised online investment and part-time job fraud, an official statement said on Thursday. The fraud is linked to offshore withdrawals and overseas fintech platforms, predominantly the Dubai-based “Pyypl”.The case was registered by the CBI based on inputs received from the Indian Cyber Crime Co…
New Delhi, March 11 (IANS) The Central Bureau of Investigation (CBI) has arrested Ayush Varshney, co-founder and Chief Technology Officer of Darwin Labs Private Limited, in connection with the multi-thousand crore GainBitcoin cryptocurrency fraud case.The case pertains to an alleged Ponzi scheme floated by Variabletech Pte. Ltd., in which investors were lured with promises of exceptionally high returns from cryptocurrency investments. The funds collected from investors were allegedly misappropri…
Ranchi, Feb 16 (IANS) The Enforcement Directorate’s Ranchi Zonal Office filed a chargesheet on Monday before the special court in Ranchi under the Prevention of Money Laundering Act (PMLA), against Maxizone Touch Private Limited and its directors, Chander Bhushan Singh and Priyanka. The case involves a large-scale multi-level marketing fraud that duped 16,927 investors across the country through a classic Ponzi scheme promising unrealistic lifelong monthly returns of 15 per cent, the ED said in …
Seoul, Feb 10 (IANS) Financial authorities began a formal investigation on Tuesday into Bithumb, a local crypto exchange, to determine how it was able to pay out over 60 trillion won ($41.2 billion) in bitcoins it apparently did not have, industry sources said.Regulators informed the crypto exchange Monday that an investigation will be conducted, three days after they conducted an on-site inspection, according to the sources, reports Yonhap news agency.”We are taking this case very seriously,” a…
Seoul, Feb 8 (IANS) Bithumb, one of South Korea’s crypto exchanges, said on Sunday it will reimburse customers who suffered losses from panic selling triggered by an internal transfer error last week.The cryptocurrency exchange mistakenly transferred 620,000 bitcoins to 249 users participating in a promotional event around 7 p.m. Friday, reports Yonhap news agency.That amounted to an average of 2,490 bitcoins worth 244 billion won ($166 million) per user. Some recipients sold the bitcoin, causin…
Patna, Feb 6 (IANS) The National Investigation Agency (NIA) has chargesheeted Md Fasi Uddin, a resident of Hyderabad, in connection with the seizure of high-quality Fake Indian Currency Notes (FICN) in Bihar, exposing a transnational counterfeit currency racket operating through Pakistan and Nepal.Md Fasi Uddin is the fifth accused to be charged in the 2024 case involving the recovery of fake currency from Banjariya in Champaran district.According to the NIA, he was an active member of an intern…