Fake Terrorist, Real FraudsterBeing questioned by the police, the high school student explained that the threats were made in retaliation for an improper reaction from authorities regarding his complaints about the case of Bitcoin fraud. He told the investigators that he had invested $1,000, borrowed from his father, in Bitcoins and managed to make a big profit — but then he had been conned in an online chat forum by an unknown person claiming he was from the US. The fraudster lured the teen into a crypto deal by promising him tempting returns, took all his bitcoins, and then (predictably) disappeared. The cheated boy wanted the FBI to take action over this case because he had no faith in Indian police. He filed a complaint and the FBI reportedly took up the case. However, the student still considered the Bureau’s response unsatisfactory. Over the month, he made at least 50 calls to the FBI, but since the agency still didn’t help him to recoup lost money, he turned nasty and proceeded to make threats.
The Heat of PassionAccording to senior ATS officers, although the teen was detained and questioned, he was not arrested due to his age. The police also took into consideration the good references given to the culprit by his school and by family members and concluded that his threats had been childish and unintentional. However, the authorities still have charged him with a number of crimes under the Indian Penal Code and the IT Act for issuing anonymous terror threats over the Internet. Moreover, the ATS confiscated from his home all the technical devices, including his computer and mobile phone — which is probably the most severe punishment for the teen. Have you ever fallen victim to cryptocurrency fraud? Do you think authorities are helpful in dealing with bitcoin scammers? Let us know in the comments below!
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