Re: Kenyan Police Arrest Bitcoin Traders Due to Alleged Banking Fraud
The Kenyan police have arrested three peer-to-peer Bitcoin brokers Emma Kariuki, Stanley Mumo, and Timothy Gachehe for allegedly trading stolen money through the local trading platform LocalBitcoins. The funds were reportedly stolen by a person using the pseudonym BADASS20 from the I&M Bank and a Safaricom Pay Bill account.
According to a report by regional media Kenyan Wall Street, the anonymous thief has stolen KEH 10.2 mln (around $100,000) from the financial establishments and used the money to purchase Bitcoins via the exchange LocalBitcoins.~
Can someone clear this issue for me? I don't get it Why would kenyan police arrest this people for allegedly trading stolen money , reported by who? and can they confirm the person using the pseudonym BADASS20 really stolen the money? Damn, this is really serious. You can now be framed up by just reporting that this and that account stolen money and traded to this exchange, and did the police already investigated the report? These police can be easily manipulated by these anonymous reports without even doing a LEGIT INVESTIGATION.According to a report by regional media Kenyan Wall Street, the anonymous thief has stolen KEH 10.2 mln (around $100,000) from the financial establishments and used the money to purchase Bitcoins via the exchange LocalBitcoins.~