Criminal Syndicate Defrauding Kenyan Accounts and Buying Bitcoins Thwarted

A pile of Bitcoins that were just made are arranged for a photograph in Sandy, Utah, U.S., on Friday, April 12, 2013. Created four years ago by a person or group using the name Satoshi Nakamoto, Bitcoin is a virtual currency that can be used to buy and sell a broad range of items -- from cupcakes to electronics to illegal narcotics. Photographer: George Frey/Bloomberg via Getty Images

131 150

A notorious gang that has been hacking people’s credit cards before using them to purchase bitcoins and convert them to Kenyan currency, have been arrested in Nakuru city.

The gang operating from houses in the affluent Milimani neighborhood has been on the radar of our detectives over the past few days and it was only a matter of time before our detectives smoked them out.

Francis Maina Wambui Alias Nick, 26, and Zellic Alusa, 25, both students at Kenyatta university were arrested during the raid in the company of two young ladies, at an apartment in Nakuru’s posh Milimani neighborhood.

In the sophisticated crime that is gaining currency in the country, the students create fake email accounts which they use to hack credit cards of innocent persons especially those living in foreign countries and use them to buy bitcoins which are then converted to Kenyan currency.

They then use the money to live lavishly, entertain beautiful babes and buy properties. Among the documents recovered in the house was a land sale agreement entered on May, 25, for a property valued at Sh 850,000 in Juja.

In his address during the official opening of the DCI National Forensic Laboratory, His Excellency President Uhuru Kenyatta, called for the strengthening of the Cyber and Digital forensic lab to deal with contemporary crimes that involve misuse of technology.

Bitcoin is a digital currency which operates free of any central control or the oversight of banks or governments.

Among the items recovered during the raid were five laptops, four mobile phones, two wifi gadgets, three hard drives and assorted SIM cards.

Cyber forensic experts have since taken over investigations into the matter for a comprehensive analysis into the sophisticated crime.