The company offered various schemes at different rates, ranging from Rs 4,600 to Rs 5 lakh.
The Gurugram Police have arrested a group of four people involved in yet another online Ponzi scam. It has been alleged that Profit Network, a company floated by the group, tricked as many as 48,066 people to the tune of nearly Rs 8 crore in just six months.
According to police, the scheme operated through a dubious URL www.profitnetwork.org, which was sent to the phones of subscribers and they were requested to click on it. The subscribers were offered Rs 5 per click. The links were later found to be Facebook and Twitter profiles of other subscribers of the company. A fake server was also set up, where these links were terminated.
The accused were identified as Manager Raj Kumar, Directors Daulat and Bharat, and Facilitator Ajay Kumar. During investigation, they revealed that they were inspired by another company in Noida, Webwork Trade Links Pvt Ltd, whose Directors have also been arrested. In a bid to earn a quick buck, the four then launched their own company from Gurugram on July 2, 2016.
DCP (crime) Sumit Kumar, who is heading the investigation, said: "The company offered various schemes at different rates, ranging from Rs 4,600 to Rs 5 lakh. People were assured that more registration money will make more links available. A minimum of Rs 4,600 registration fee was to bring in more than Rs 1.5 lakh annually."
The subscribers got suspicious after the money stopped crediting in to their respective accounts after February 7. A group of people then went to the company's registered office in Vipul Trade Towers, Sector-48, of Gurugram, only to find the place locked.
Realising that he has been tricked to the tune of Rs 250,000, a subscriber lodged an FIR against the company on February 13. Three of the accused were arrested from the Rajiv Chowk area on Sunday. Ajay, believed to be the brain behind the scam, was arrested from his home in Bhiwani.
"We have frozen seven accounts in four banks, registered in the name of Medicon Advertisement Solutions. The entire money is expected to be recovered soon," Crime Branch Inspector Anand Kumar said.
The group was very active in Mahendargarh, Rewari, Gurugram, and Alwar. Meanwhile, police have recovered Rs 83 lakh, 5 laptops, and a Swift Desire Car from the possession of the accused. A case under Sections 420 (cheating), 468 (forgery), and 471 (forgery of document) of the Indian Penal Code (IPC) and relevant sections of the IT Act was registered in the Badshahpur police station. The accused were produced in court and have been sent to police custody.
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