Five Indians have been arrested and six billion rupees traced in the football scam that originated in Dubai, Hong Kong. Read more at straitstimes.com.
NEW DELHI – In the eastern Indian state of Odisha, the police that found 800 people, desperate to make some money, were betting on football matches that they did not watch in a Ponzi betting scam worth 10 billion rupees .
“I had this nagging feeling that it was some kind of scam, but then I saw others in my village betting and some were able to take out money. I got convinced. We all kept winning and earning commission without losing a single bet,” Mr Pradhan, who runs a cosmetics shop, told The Straits Times. The scammers would move the money through these shell companies and bank accounts before converting it to cryptocurrency to move it out of the country, the police said.
Five Indians, including the director of one of the shell companies, have been arrested, and six billion rupees have been traced in the football scam, which originated in Dubai and Hong Kong. In another Ponzi scam, people were asked to shop for items on an online site for a commission. Victims were told the items would not be delivered, but they would make money from investments and commissions.
According to the government’s Computer Emergency Response Team, cybercrimes – everything from hacking to phishing – soared by more than 250 per cent from 394,499 cases in 2019 to 1,402,809 in 2021. Fake apps that are openly available online are banned by the government, but others quickly pop up in a continuing challenge for law enforcement agencies.“Providing a safe and secure experience across Google’s products is our top priority, and we continuously update our policies across all our products to keep users safe from emerging threats and bad actors,” its spokesman said.
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