Archive · 29 May 2025
Four Arrested in Cryptocurrency Scam Following Joint Operation
The police have arrested four people who ran a fake investment company.
They tricked people into giving them money by promising big profits from crypto and stock trading.
The company was called Tailwin and based in Mumbai.
Once they had enough money, they closed the company and ran away.
The police caught them in Lucknow after the Maharashtra Police asked for help.
The arrested individuals admitted to their scheme and duping investors.
UP STF arrested four individuals in Lucknow for a multi-crore cryptocurrency and stock market fraud.
The arrests were made in connection to a case registered in Mumbra, Thane district, Maharashtra.
The accused lured investors with promises of high returns through a fraudulent investment company.
The firm, named Tailwin, was based in Mumbai and dealt with cryptocurrency and stock trading.
The suspects allegedly shut down the company after collecting funds and fled with the investors' money.
- Who
- Vijay Kumar Gupta, Ashish Kumar Tandon, Salman Khan, and Rajan Kumar Singh, along with UP STF and Maharashtra Police.
- What
- Arrests of four individuals in connection to a cryptocurrency and stock market fraud.
- When
- Wednesday, May 1st
- Where
- Lucknow, Uttar Pradesh
- Why
- The accused were arrested for operating a fraudulent investment firm and stealing investor funds.
Accused
Investors
Fraudulent Investment Scheme
Accused
The accused operated a fraudulent firm and took investors money.
Investors
Investors were promised high returns on cryptocurrency and stock investments.
- Accused Arrested
- Vijay Kumar Gupta, Ashish Kumar Tandon, Salman Khan, Rajan Kumar Singh
- Location of Arrests
- Lucknow
- Fraudulent Firm Name
- Tailwin
- Location of Firm
- Mumbai
- Lead Agency
- UP STF
- Involved Police Force
- Maharashtra Police
Sources
Udhna cops bust 200cr cyberlaundering ring
Nigerian national’s arrest unveils underground cyber crime syndicate
55 cyber frauds arrested by Gurgaon cops linked to 18,000 cases
Fake cricket betting: 2 held for duping Jajpur bizman of Rs 1.08cr
Two arrested in Rs 69L cyber fraud case in Rajkot
Five arrested with 197kg cow meat in Kathor
