Russian Police Detained Two Suspects of Embezzlement of Funds in Cryptocurrency

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Priyanka Kulkarni
Priyanka Kulkarni, post-graduated in Business Administration holds worthy experience in market research and investment banking. She is passionate to flaunt her perception towards cryptocurrencies.

 

  • The Russian Police imprisoned two suspects of stealing money from bank cards. This operation was preceded by the Ministry of Internal Affairs of the Russian Federation along with the officers of the Office “K”.
  • The Russian investigation bodies highlight that the scammers receive funds mainly through cryptocurrency.
  • The official representative of the Russian Ministry of Internal Affairs, Irina Volk stated that the Ministry of Internal Affairs is working on identifying the entire occurrences of this illegal activity.

The Russian Police imprisoned two suspects of stealing money from bank cards. This operation was preceded by the Ministry of Internal Affairs of the Russian Federation along with the officers of the Office “K”.

Criminals used to introduce themselves as  bank security officers

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As per reports, the criminals embezzle the funds by using online platforms in cryptocurrency. The defendants phoned the citizens and introduce themselves as bank security officers.  They informed that a suspicious transaction was made on the account holder’s card and thus, they appealed to safeguard their bank account and to withdraw their money to a backup account.

However, the victims believed the scammers and processed with the payments. As of this, all money was debited from their card resulting in the criminals to invest a large number of funds in cryptocurrency.

Almost 25 million rubles were seized

There is yet a question mark by the Ministry of Internal Affairs that the criminals have invested the stolen money in what digital currency. At the time of investigation of the accused, almost 25 million rubles were seized along with some computer equipment, firearms, mobile phones, and documents of evidentiary value in the criminal case.

The suspect picked a precautionary measure in the means of detention. The official representative of the Russian Ministry of Internal Affairs, Irina Volk stated that the Ministry of Internal Affairs is working on identifying the entire occurrences of this illegal activity.

In addition to cryptocurrency, the scammers actively choose social networks to attract new users to their levels.  The Russian investigation bodies highlight that the scammers receive funds mainly through cryptocurrency, thus, a keen watch must be kept for controlling the movement of these kinds of assets.

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