[2016-02-10]Card frauds used bitcoins to trade money

Pk880058

sr. member

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Quote from: aso118 on February 09, 2016, 08:35:11 PM

The focus of the article should be on card frauds, not bitcoin.
As mentioned in the article, one leg of the money transfer was through hawala. So Bitcoin is not the only way to illegally transmit money across borders.

it is true but card frauds using bitcoins as mode is not new in this forum you can see their are so many threads were you will see that so many cards got thefted are used to purchase Bitcoins through Paypal, or exchanges or playing in bitcoin gambling sites .

aso118

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★Nitrogensports.eu★

The focus of the article should be on card frauds, not bitcoin.
As mentioned in the article, one leg of the money transfer was through hawala. So Bitcoin is not the only way to illegally transmit money across borders.

sirohige

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Summary: "Bhardwaj has confessed to having sent Sheikh bitcoins equivalent to more than Rs 30 lakh in the past four-five months. The arrest of Nasir Ansari while withdrawing money from a Dadar ATM led to Mumbai Police recovering more than 20 cloned ATM cards. He confessed to having accepted money sent by Ansari and others on behalf of Sheikh. New Delhi: The busting of an international syndicate of debit card cloners on Tuesday has unearthed the use of bitcoins to avoid detection. During interrogation, Ansari disclosed that he sent the illegally withdrawn cash to Sheikh in Delhi through a hawala operator.

http://www.nyoooz.com/delhi/350470/card-frauds-used-bitcoins-to-trade-money

Topic: [2016-02-10]Card frauds used bitcoins to trade money (Read 223 times)