IRS rip-off alleged ringleader arrested in India

Police in India have arrested a person they are saying was the ringleader of a community of name facilities that allegedly swindled 1000’s of People out of thousands and thousands of .

Sagar Thakkar, 24, was detained in Mumbai after arriving on a flight from Dubai on Saturday.

“He was the mastermind of IRS rip-off name facilities within the state of Maharashtra and one heart in Ahmedabad,” mentioned Mukund Hatote, assistant commissioner of police in Thane, simply north of Mumbai.

Hatote mentioned Thakkar stands accused of extortion, dishonest, impersonation, legal conspiracy in addition to violating India’s communications and tech legal guidelines.

Information of the rip-off broke final October when Indian police raided 9 calls facilities — eight in Thane in Maharashtra — and arrested more than 70 people on suspicion of posing as IRS brokers to steal money from U.S. residents.

Staff at bogus name facilities used American accents to impersonate IRS brokers. They advised their victims that they owed again taxes and would danger arrest in the event that they hung up or didn’t pay up.

Thakkar — also referred to as “Shaggy” — was certainly one of 61 defendants talked about in a U.S. indictment unsealed final October. The bogus name heart employees had been accused of stealing from 15,000 individuals through the use of the IRS rip-off and different fraud schemes.

Related: IRS impersonators accused of stealing millions from the elderly

U.S. prosecutors say the defendants additionally posed as immigration officers and threatened victims with deportation until they paid a positive instantly. They mentioned in October that 20 individuals throughout eight U.S. states had been arrested.

Indian police say they’ve charged greater than 390 individuals in reference to the scheme, and greater than 12 stay in jail.

Sagar Thakkar was arrested shortly after getting off a flight from Dubai at Mumbai airport.

Hatote mentioned Thakkar had been residing a “lavish life-style” on the proceeds of the scheme. Nevertheless it’s nonetheless not totally clear how a lot cash was stolen in whole.

“We’re nonetheless investigating the full amount of cash collected by Sagar Thakkar,” mentioned Hatote. “Through the preliminary stage of investigation, it was trying round $300 million.”

The mechanics of the operation seem similar to these of an IRS impersonation rip-off that U.S. authorities say swindled victims out of greater than $15 million between 2013 and 2015.

— Sugam Pohkarel in New Delhi contributed to this text

CNNMoney (Dubai) First revealed April 9, 2017: 12:29 PM ET

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