Published On: Wed, Apr 11th, 2018

Crooked Cops Nabbed in Bitcoin Extortion Scheme

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A group of police officers in India have been arrested for an alleged Bitcoin extortion plot where they kidnapped and beat a businessman for his cryptocurrency.
It seems that crimes associated with cryptocurrency just continues to rise. Each week brings new media reports of ransomware attacks and cryptojacking. There have also been quite a few incidents of face-to-face criminal attacks over cryptocurrency, which usually ends in the police being called in. However, what to do when the perpetrators of a Bitcoin extortion scheme are the police? Such is the case in an incident in India.

Bitcoin and Being ‘Thrashed Mercilessly’
Two weeks after a complaint was made to law enforcement, police from the Gujarat Police CID Crime division has arrested a number of policemen from the Amreli LCB (Local Crime Branch). So far, three people, including a policeman and an inspector, have been taken into custody.
The complaint was made by businessman Shailesh Bhatt, who says he, a friend, and his driver were kidnapped from a gas station by a group of policemen from the Amreli LCB. The victims were then taken to a nearby farm, Keshav Farm, where they were held for 4 to 5 hours and ‘thrashed …

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