The US FBI has charged six Indians in a million-dollar cryptocurrency scam in accordance with media experiences. The six Indians–Shaileshkumar Goyani, Brijeshkumar Patel, Hirenkumar Patel, Naineshkumar Patel, Nileshkumar Patel and Raju Patel–allegedly operated an unlawful $30 million money-transmitting enterprise utilizing cryptocurrencies, in accordance with Coindesk report.
As per the FBI’s investigation, the six Indians carried out unlawful enterprise by utilizing the darknet to transform Bitcoin or different cryptocurrencies into money between July 2021 and September 2023.
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The FBI started an investigation in round April 2021 when one of many officers recognized a vendor on a number of darkish internet marketplaces who supplied a service to ship money by way of the US Postal Service in change for Bitcoin or different cryptocurrency.
Legislation enforcement arrested a person who had been mailing packages of money from a put up workplace in Westchester County, New York, in accordance with a media report citing a courtroom doc.
The informant obtained the money by assembly folks round thrice per week and receiving quantities ranging between $100,000 and $300,000 every time. The places had been mentioned on Telegram and WhatsApp.
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FBI investigation revealed that one of many males made frequent journeys exterior of New York, together with to New Jersey, Massachusetts, Georgia, and Pennsylvania. One other two males made journeys to and from South Carolina.
One of many arrested males advised the regulation enforcement company that his wealthiest shoppers had been hackers and a few made cash promoting medicine.
The six Indians had been conspired to transmit cash illegally by way of an off-the-cuff worth switch community, Coindesk added.
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Up to date: 25 Oct 2023, 02:17 PM IST