STF Bhopal has nabbed a couple involved in operating an international racket of fake cryptocurrency and creating fake exchange for trading currency; numerous victims were duped to the tune of crores of rupees by the fraudsters.
The number of victims could be thousands as the accused have created a fake trading exchange in which the victims have invested. The nabbed accused are identified as Brijesh Raikwar (36) and his wife Seema Raikwar (36).
The fraud was managed in a systematic manner. Several big firms of designing were pitched for designing and to promote cryptocurrency conferences at Mumbai, Chandigarh, Bhopal, Raipur, Jalandhar and Amritsar were held.
After the complaint was lodged by one of the victims Rajiv Sharma regarding the Plus Gold Union Coin (PGUC) company having its exchange at Hongkong and deals through c.cex.com exchange and trading of cryptocurrency was done.
In India promoters of the company were Brijesh Raikwar and Rupesh Rai.
Among others who used to operate the network were identified as Rupendra Singh Pal, Vinit Yadav.
In the year 2017 the exchange c.cex.com exchange was closed and the accused told that it has been transferred to Bitstrade exchange which was later found fake.
The accused met Kevin in Delhi who offered them deal to operate in India and with the help of Daniel Francis they formed PGUC company and duped numerous victims across the globe.
The accused is resident of Jabalpur while two links Kevin in Hongkong and Malaysia in Daniel Francis.
The accused created Bitstrade exchange which was fake and in which several victims were trapped and investment massively. During the investigation police have found transactions of over Rs 3 crores.