FIA busts online fraudster
The Cybercrime Wing of Federal Investigation Agency has arrested a conman accused of defrauding people of millions of rupees through digital currency transactions.
The accused, identified as Zafar Rana, allegedly defrauded dozens of people by luring them with promises of hefty returns on investments in BizzCoin. The accused convinced his potential "clients" through his YouTube videos, according to FIA officials.
The clients would invest as much as 10,000-50,000 euros which the accused would transfer to Dubai and Turkey through money laundering.
When his scam was busted, he fled abroad. After he returned, a team of the FIA Cybercrime arrested him in a raid and recovered two mobile phones, a laptop, nine ATM cards of different banks, and cards of Biztrack and BizzCoin along with suspicious money transaction documents and a valuable vehicle.
The suspect, along with his accomplices, was involved in Biztrack, BizzCoin and Grownet scams. A case has been registered against him and his accomplices and further investigation is underway.
Published in The Express Tribune, January 18th, 2023.