Dear readers,

Some stories you look for, and some you stumble upon in your research. This is the latter kind.

On December 08, 2021, Delhi High Court granted anticipatory bail to Roshan Lal and ordered investigators to de-freeze his bank account based in Bareilly, Uttar Pradesh. He was being investigated for defrauding an IELTS aspirant to the tune of INR 11,78,000 (~$16000) in a period between February and March 2021. This is the story of how scammers managed to dupe a student and then bought bitcoins with the money from an unsuspecting seller, leaving both the student and seller in trouble. But the story has a happy ending.

This is our first exclusive story and we are restricting it to only paid subscribers. We are definitely running the biggest discount of 50% on all annual subscriptions, so please free to take advantage of the same. Appreciate your support.

The Victims

Roshan Lal, a resident of Uttar Pradesh, was in the business of buying and selling crypto using the Binance Peer-to-Peer trading service. He dealt with one particular individual by the name of Amrit Raj often. Roshan frequently sold bitcoin to Amrit since December 2020 as Amrit usually offered him a 1% commission for each trade. Little did Roshan know that Amrit along with his associates was sometimes converting stolen or scammed money into bitcoins using his help.