A company by name Ablaze Info Solution were running sites like socialtrade.biz, frenzzup.com are in the news for scamming 7 Lakh people money. Today Uttar Pradesh police have arrested 3 people in the company for further investigation.
Ablaze Info Solutions Fraud company
Ablaze Info Solutions is a registered company which is located in Noida, UP. They were running websites which offer Rs 5 per ad click. To become a member of the website you have to pay a huge amount between 5K-60K.
They were basically spinning the money taken from the members during the joining time. With these schemes, they managed to scam around 3700 Cr from 7 Lakh people.
Socialtrade.biz scam – 3 people arrested
UP police and the cyber investigation staff are investigating on this. Police have seized their bank accounts which estimate a balance of 500 Crore amount.
We request you, people, to not invest in any such companies. There are a lot of social and online scams happening on daily basis. And moreover these are not any investments, it’s just to fraud common people.
Frenzzup.com scam – Fraud company
Recently, socialtrade.biz moved its website and users to a new website named frenzzup.com. These companies use these types of thing when they see there is any chance of being caught by police. Frenzzup is also a complete fraud website, so please don’t deposit single money into their bank accounts.
Ablaze Socialtrade biz scam Zee News video
Zee News and several news company have reported about this scam today morning.
Social Trade scam, Money Back solution
UP Special Task force have created an email ID for any query related to the fraud. You can mail them and ask your query at email@example.com. After the Investigation completes they will start contacting all investors.