Social Trade Scam !

If you guys are frequent Internet user, you must have heard about this Social Trade Scam from the past 2-3 days. I am just writing this article to make you guys aware of this scam and would also like to request and advise you guys not to fall for this type of Online Scam in future and if some sites are approaching you for these kinds of scheme, you guys should definitely report them, cause no matter they will surely provide you what they promise today but tomorrow or after one week or after some years they will surely run away with your money. My Only intention of writing this article is to make all of you aware of these kinds of Online Frauds and Ponzi Schemes so that if someone tries to trap you there you should be able to tackle it comfortably.

What is the Scam: Noida police have arrested three people from sector 63 on Thursday, these three guys have been accused of scamming somewhere around 7 lakhs people from the past 2 years and have collected somewhere around the whooping amount of 3700 crores. The Owner of this online Portal is a B.Tech degree holder and the other two guys are also well educated.

• The Noida Police have arrested Anubhab Mittal(Owner),Sridhar Prasad(an MBA) and Mahesh Dayal(who served as tech support) and seized nearly 500 crores from them.


• The Trio use to run an online portal "socialtrade.biz" under which the investor need to pay somewhere between Rs 5,750 to Rs 57,500 in the account of the company and after which they get registered to plans based on their paid money by which they start earning 5 rs per click.


• This Online Portal was launched in August 2015 and had offered four different "Packages" to the investors based on the money they invested.


• After becoming a member of the Port al,the company used to send links to the members and asked them to like pages and share the links that they sent.The investors were given 25, 50, 75 and 125 URLs on their phones every day, based on the 'subscription plan'.


• The Company used to say that they earn rs 6 per click and give away rs 5 to their investors but according to Noida Police the links were completely fake and they were sent by a fake server that was setup by the company people itself.


• The Firm was registered under the name of "Ablaze Info Solutions Pvt. Ltd." and the firm was also accused of changing the domain name frequently.


• Anubhav Mittal, who is said to be the kingpin, holds a B.Tech degree and hails from Ghaziabad. Prasad is from Visakhapatnam and Dayal is from Mathura in Uttar Pradesh.


• Besides seizing Rs 500 crore from a bank, police have seized various documents including the balance sheet of the company, list of directors and other officials and list of investors.There were news of seizing 250 passports of the employees that use to work for the fraudsters and its been reported that the company was about to give them a trip to Australia as a Bonus.

I just want to warn you guys that these kinds of fraud schemes seem very sweet and catchy at they very start but as the time pass by as they start earning more and more money from innocent people they start thinking of running away, so just be smart enough to not fall for these kinds of traps after all you have earned your money by working hard and it should not be wasted on fraudsters like these and if you really want to earn money online then there are various legitimate ways by which you can earn.