Every year, there is a new scam in India. The kingpins make sure that they beat their predecessors in terms of the amount of money that make out of it. Moreover, when it comes to ponzi scams, these frauds take away the money of common people who have a desire to earn a few quick bucks to meet their requirements.
The recent 'Like' scam, busted in Noida is also said to have gathered a huge amount of money, from the 6 lakh subscribers who poured in from across India as well as countries like Oman and Nigeria.?
BCCL
According to police, 26-year-old Anubhav Mittal, has done a bigger scam than the Saradha scam, the most sensational case of large-scale spurious money schemes.
Mittal's Social Trade, which promised returns for hitting like buttons on various random URLs, is a scam worth Rs 3,726 crore, according to an initial estimate of deposits drawn up by the UP special task force (STF) that unearthed the racket on February 2.
BCCL
The 2013 Saradha scam is the subject of a multi-agency probe and is estimated to be in the range of Rs 1,700 crore-Rs 2,000 crore.
It's not known if Mittal followed the rise and fall of Saradha kingpin Sudipta Sen, but at half his age, the Ghaziabad boy has given Ponzi rackets a new dimension with the use of internet and social media.
Mittal has more similarities with Sen. Like the Saradha founder, he had a penchant for doing things "in style" and got Bollywood stars Sunny Leone and Ameesha Patel over to Greater Noida for a promotional event of his company, Ablaze Info Solutions Private Limited, at the Crowne Plaza hotel three months ago.
BCCL
Sources said Mittal was very well-networked, including with the political class, and was in the process of hiring top legal experts to defend his case. A photograph of him with a senior Union minister circulated on various groups on Saturday. The STF confirmed it had found the photo.