Socialtrade.biz Online Scam : 3.7k Cr duped from 7 Lakh people

socialtradeUttar Pradesh Special Task Force (STF) today busted an alleged online trading scam worth over Rs 3,700 crore in which seven lakh people were duped.

The UP police have exposed Socialtrade.biz Online Scam which is a click based scam. Ablaze Info Solutions Limited of Noida Sector-63 played the key role in the scam. The scam was titled as ‘Earn Rs. 5 per click scheme’.

The Noida-based company has collected Rs. 5,750 to Rs. 57,500 for an active account. They lured customers with commissions and frauded people who invested.

The other websites of this company are freehub.com, 3W.com, intmaart.com and frenzzup.com.