Online Scam Alert: CBI seizes $930,000 in cryptocurrency in Ahmedabad! Know 7 tips to stay safe
In a recent case of online fraud, the Central Bureau of Investigation (CBI) has taken action against a man from Ahmedabad who swindled a US citizen by pretending to be a senior executive from a big company's fraud department. It is alleged that Ramavat Shaishav used fake identities to deceive the victim to part with their cryptocurrency.
Based on information from the United States' Federal Bureau of Investigation (FBI), the CBI has started an investigation against Shaishav. He posed as "James Carlson" from Amazon's fraud department and contacted the US citizen over the phone, PTI reported.
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When the CBI conducted searches, they discovered that Shaishav had 28 Bitcoin, 55 Ethereum, 25,572 Ripple, and 77 USDT in his e-wallet. These cryptocurrencies were seized and transferred to the government's wallet.
Shaishav convinced the victim that there were fraudulent activities happening on his Amazon account, and that even his social security number was being used to create fake accounts on the e-commerce platform. To make the victim believe him, Shaishav told the victim to withdraw money from his bank accounts and convert it into Bitcoin using a RockitCoin ATM Wallet. He even provided a QR code, falsely claiming it was linked to the US Treasury.
In order to gain the victim's trust, Shaishav sent a fake letter dated September 20, 2022, supposedly issued by the US' Federal Trade Commission.
As a result of this manipulation, the victim withdrew $130,000 from his bank accounts on various dates between August 30, 2022, and September 9, 2022. He then deposited this money into the Bitcoin address provided by Shaishav, who misappropriated the funds.
The CBI searches at Shaishav's residence in Ahmedabad led
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