Topic: [2017-09-01] Police in New Delhi Arrest Gang Robbing Bitcoin Buyers (Read 1103 times)

A group of six individuals in New Delhi, India, have been arrested by the police for robbing people that they had convinced were buying Bitcoin with actual cash.

Just when you think it’s safe to buy Bitcoin and other digital currencies, you hear horror stories about being robbed in some sort of online scam or Ponzi scheme. The decentralized nature of cryptocurrency means that those looking to get involved in it must do their due diligence and always be aware of potential risks. However, such situations are a far cry from what some people in New Delhi, India, experienced as they were robbed while attempting to buy Bitcoin from some unscrupulous people.

What Can Go Wrong Buying Bitcoin with Cash from Strangers?

Police in New Delhi, India, arrested a gang of six individuals who had targeted people interested in buying Bitcoin. The leader of the group is Aditya Rajput, who is a law graduate from Dehradun. Overall, police recovered numerous SIM cards, eight mobile phones, jewelry, and lakhs of rupees in cash (lakhs are the equivalent of one hundred thousand rupees). A spokesman for the New Delhi police described how the crimes would go down thusly:

    "This module used to contact interested party through phone calls and Facebook messages and convinced the buyers to deal in cash for buying the Bitcoin. Once, they convinced the buyer and called them to the designated place, the other gang members would came into action…and…would then rob the victim."

So far, the police have identified seven victims of this Bitcoin robbery scam.

The full article:
http://bitcoinist.com/police-new-delhi-arrest-gang-robbing-bitcoin-buyers/