Online gaming scams: Small bets win, big bets lose - how they work

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Online gaming scams: Small bets win, big bets lose - how they work - Business Standard

Quick Summary:

An officer involved in the investigation noted that action is underway to freeze 60 bank accounts believed to have been used in transactions involving substantial sums in this fraudulent activity.

The operation, dubbed "Operation Firewall," led to the arrest of five individuals on the night of October 9 in Keshav Nagar, Phalodi city.

This scam, operating through illegal betting and gambling websites, is believed to have swindled over Rs 5,000 crore from unsuspecting users.