Abhay a 25 year old frequent social media user came across an online investment plan which would give the investor returns on daily basis. All the investor had to do was just open the link given by the site and like it and share it further. What a luring plan! Earn money by just visiting some pages. Off course Abhay was lured it. Even 7 lakh other people were lured by the Social Trade only to learn that they lost their 3700 crores of rupees collectively.
A few days ago when a Cyber Crime Consultant Shakeel tweeted that “this social trade is fraud guys. Don’t fall into the bog” many of us didn’t underst and why he is saying so. Unlike Abhay, some people invest money somewhere after talking about it to someone in the field. Many cyber crime experts were being asked about the #socialtrade. Those who accepted their advice of not putting their money are glad today.
Uttar Pradesh Police have arrested three people from Noida who, were planning to leave the country, as said by the officials, were behind the Social Trade. The trio Anubhav Mittal, Sridhar Prasad and Mahesh Dayal started the socialtrade.biz. The police, Special Task Force even seized money of nearly 5 crores with them. The socialtrade.biz offered various schemes of investments amounting from Rs 5,750 to Rs 57,500. As our elders say, there is no short cut to earn big money. Hard and smart work is the only key to big money. Cyber crime experts have been spreading awareness regarding various such bogs but we seem to just ignore!
Thanks n Regards,
Shakeel Engineer
Cyber law Consultant