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All You Need To Know About SocialTrade.biz Scam | Anubhav Mittal Latest Update

8 min read
socialtrade scam socialtrade.biz

All You Need To Know About SocialTrade.biz Scam | Anubhav Mittal Latest Update:-

Anubhav Mittal conference

Busting an online fraud to the tune of Rs 3,700 crore, the UP Police have arrested three persons alleged to have duped approx 7 lakh people through online portal named as ‘socialtrade.biz’. The ‘investors’ were cheated under a scheme named Social Trade. Read the whole article to know how did social trade work and cheated.

How did ‘social trade’ work?

  • The UP Police arrested three peoples- Anubhav Mittal, Sridhar Prasad and Mahesh Dayal from Sec-63 in Noida and seized approx Rs 500 crore from them.
  • These peoples used to run a portal named as  ‘socialtrade.biz’ under which an investor had to pay Rs 5,750 to Rs 57,500 in the company’s account to become the member and earn Rs 5 per click.

Note: – Socialtrade.biz is changing into the frenzzup.com so their plans are also changes. For taking a fast review at their new plan click on the given link.

socialtrade.biz office

  • The socialtrade.biz was launched in August 2015 and offered four different ‘packages’ to the investors to earn money by simply clicking on the given links.
  • After paying the money to the socialtrade.biz company, the investors were asked to like pages and click on the links they were sent to their respective accounts.
  • The socialtrade.biz claimed it earned Rs 6 for every click and gave Rs 5 of it to the investors. However, the links sent by the company were fake, police said. But from our source, we heard that the links are of their investor’s campaigns.
  • The socialtrade.biz firm was registered under the name of Ablaze Info Solutions Pvt Ltd. in Noida and the accused used to constantly change the portal’s name. socialtrade.biz to frihub.com, then frihub.com to frenzzup.com
  • So far the firm defrauded over 6.5 lakh people collecting around Rs 3,700 crore, police said. Further investigation is in a process.
  • 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. The payments of people that paid for their work was stopped due to an inquiry.

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