Web Work Trade Link Private Limited, another social media fraud busted
Both Social Trade and Webwork Trade Link Private Ltd are ‘pay per click’ schemes but the business models are different. The difference between Social Trade, offered by Anubhav Mittal of Ablaze Info Solutions, and Webwork, whose “publishing programs” are offered by directors Anurag Garg and Sandesh Verma, is that while Social Trade ‘s business model is based only on revenue from the investors, Webwork’s model gets revenue from “publishers” as well as from registered shopkeepers and product sellers.Webwork has created a webpage, addsbook.com, where some shopkeepers and product sellers are registered, according to the company. These shopkeepers would pay to ABC Associates, Webwork’s sister concern.
Webwork Trade Link Private Ltd subscription mechanism
In effect, the Webwork Trade Link Private Ltd gets money from these registered shopkeepers and from the “publishers” who buy its plans.However, legal and financial experts have warned investors to exercise caution before putting their money in the programs of these companies in absence of any one law to govern the internet-based business models. Social Trade operated through a maze of dubious URLs sent to the phones of subscribers that they were asked to click on. These would sometimes be links to Facebook or Twitter profiles of other subscribers. However, there was apparently no promotion happening because a fake server was set up where these links would terminate.According to the UP special task force, the total amount that has been dumped from over six lakh investors is around Rs 3,700 crore.
The Uttar Pradesh police investigating allegations of fraud levied against an online social trading company, Web Work Trade Link Private Limited. The company is suspected to be working on the lines of Ablaze Info Solutions Private Limited, which is currently being investigated for fraud.
According to the complaint filed by AK Jain, an insurance agent from Ghaziabad, Web Work, which has an office in Noida’s Sector 2, offered people a chance to make money following an initial investment.
Noida police on February 12 lodged an FIR under the charges of cheating against Web Work’s directors — Anurag Garg and Sandesh Verma — following the complaint.
“Today, we are taking statements of the complainant, AK Jain, who accused Web Work of cheating and fraud. Once we are done with that, we will move onto the next phase of investigations. We are understanding the case in detail — as to how Web Work is cheating investors and its modus operandi,” Gaurav Grover, additional superintendent of police (DSP), Gautam Budh Nagar, said.
“The complainant has invested ₹3.5 lakh in Web Work, as per the investment scheme. He got returns for a few days after which the web portal stopped payments. In an FIR, prima facie, allegations are that the company has violated law to cheat investors. We are trying to pinpoint the law that has been violated and determining the best way to proceed with the investigation,” Grover said.
In a similar case, the Uttar Pradesh Police’s Special Task force had on February 2 busted an online trading scam worth over Rs 3,700 crore by Noida-based Ablaze Info Solutions Private Limited in which nearly seven lakh people were duped on the pretext of getting money in lieu of clicking on specific links.
Amit Kishore Jain, a Ghaziabad resident, filed a complaint at Sector 20 police station alleging that the company’s owners duped nearly two lakh people who were promised handsome returns by clicking on web links and made Rs 500 crore in the past four months.
Webwork Trade Links Private Limited is located at D 57, Sector 2 and has shut operations till April 20.
An FIR has been filed based on Jain’s complaint and the UPSTF has started a probe into the matter.
“The company’s directors Anurag Garg and Sudesh offered membership to more than four lakh people in the past four months for the click and earn plan. It is alleged that they collected over Rs 500 crore from around two lakh people,” SP (City) Dinesh Yadav said.
The complainant has alleged that Bollywood actors Shah Rukh Khan and Nawazuddin Siddiqui are brand ambassadors of the firm and have featured in its advertisements.
UPSTF ASP Triveni Singh said, “We have other such companies on our radar and started a probe into this case.”
The company in a notice on its website has said its operations will remain closed till April 20 due to transaction problems.
सोशल ट्रेड के बाद अब वेब वर्क कंपनी तमाम एजेंसियों के रडार पर है. इस सिलसिले में अब वित्त मंत्रालय की खुफिया इकाई एफआईयू यानी फाइनेंशियल इंटेलिजेंस यूनिट ने जांच शुरू कर दी है. आपको बता दें कि एफआईयू ट्रेरर फाइनेंस, मनी लांड्रिंग के खिलाफ जांच करती है.
आपको बता दें कि शनिवार को बाकायदा वेब वर्क कंपनी के मालिकों संदेश वर्मा और अनुराग गर्ग ने अखबारों में एड देकर कंपनी के बंद होने की सूचना दी थी. इसके बाद से लाखों लोगों का भविष्य अधर में लटक गया है.
दरअसल, कंपनी के फर्जीवाड़े के खिलाफ दिसंबर महीने में शिकायत दी गई थी. इसके बाद से अब एफआईयू ने जांच शुरू कर दी है. माना जा रहा है कि इस कंपनी ने 4 महीनों में 500 करोड़ रुपए इंवेस्टर से ले लिए. कई लोग तो ऐसे हैं जिन्होंने कई लाख रुपए इस कंपनी में इवेंस्ट किए थे.
सूत्रों की मानें तो वेब वर्क के खिलाफ यूपी एसटीएफ को शिकायतें मिल रही हैं. अब चूंकि पुलिस के एक्शन होने से पहले ही कंपनी के मालिक इसे बंद कर चुके हैं. ऐसे में लाखों लोगों की पेमेंट आना बंद हो गई है. ये कंपनी फिलहाल बिट क्वाइन में पैसे दे रही थी, जो कि अवैध करेंसी है.
माना जा रहा है कि जल्द ही पुलिस इस सिलसिले में एक्शन लेगी. ये भी कहा जा रहा है कि इस सिलसिले में पुलिस जल्द ही एफआईआर भी दर्ज करने जा रही है. ऐसे में लाखों लोगों की जमापूंजी इस वजह से फंस जाएगी.