While Narendra Modi and his team are trying by all means to bring every Indian online, the perils of ignorance and greed for easy money from the Internet dragged as many as 7 lakh users to join this Noida based ‘Cash for Clicks’ website called Site Socialtrade.biz. Socialtrade is in turn run by Ablaze Info solutions.
In yet another latest scam by Socialtrade, the company turned out to be an internet Ponzi scheme worth Rs 3,700 crores. The company founder Anubhav Mittal who is a 26-year-old BTech graduate has been arrested by the Uttar Pradesh police.
Just like any other Ponzi scheme, few people made a lot of money on their initial investment and in turn lured their friends and relatives to sign up for the dubious service. Police and IT officials intervened and arrested the founder of Socialtrade when a few disgruntled users filed an FIR upon not receiving any money from the site.
SocialTrade asked users to sign up and pay an amount ranging from Rs 5,750 to Rs 57,500 and the and the company pays them cash for clicking on links that were flashed each day on their account.
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