The Central Bureau of Investigation (CBI) in India has registered a case against Ramavat Shaishav, also known as James Carlson, for his involvement in a cryptocurrency scam. The CBI conducted searches at Shaishav’s premises in Ahmedabad, leading to the recovery and seizure of cryptocurrencies, including Bitcoin, Ethereum, Ripple, and USDT, valued at $9.3 million from his crypto wallets. During the investigation, it was revealed that Shaishav, posing as “James Carlson” from a multinational company’s Fraud Department, contacted a US citizen.
He falsely claimed that someone had attempted to order a computer using the victim’s account and that the victim’s Social Security Number had been used in four different states to open accounts with the multinational company. Shaishav induced the victim to withdraw cash from their bank accounts and deposit it into Bitcoin at a RockitCoin ATM Wallet.
The victim allegedly withdrew $130,000 from their bank accounts and deposited it into the Bitcoin address provided by Shaishav, who then fraudulently misappropriated the funds, defrauding the victim in the process. The case was initiated based on information received from the Federal Bureau of Investigation (FBI) in the United States.