“Pune: Police unearth Rs 4 crore online sharing trading fraud racket in Pimpri Chinchwad, Junaid, Salman, Abdul, Arif and Taufik arrested”, Opindia, April 11, 2024:
“On 10th April, the Pimpri Chinchwad police cyber cell in the Pune district of Maharashtra announced that they have exposed a Rs 4 crore online share trading scheme that involved the use of fake trading applications, money mule accounts (people who let others use their bank accounts to transfer money for commission), and the USDT cryptocurrency to route money to Hong Kong.
Five people have been taken into custody in the past week. They have been identified as Junaid Mukhtar Qureshi (21), Salman Mansur Shaikh (22), Abdul Aziz Ansari (23), Arif Anwar Khan (29) and Taufik Gaffar Shaikh (22).
They functioned as delivery boys during the day while operating the massive racket and managed a network of 120 bank accounts that were utilized by global cybercriminals to siphon off money from victims of online share trading scams…..”
Read the full article at Opindia.com