The Economic Offences Wing (EOW) of the Odisha Crime Branch has reportedly frozen around Rs 75 lakh in 14 different bank accounts across India in a crackdown against the multiple online Ponzi (MLM Schemes). According to a report in OdisaTV, EOW had frozen Rs 1.22 crore in similar Ponzi schemes and apps earlier this year.
The total transactions in these bank accounts are said to be of over Rs 1000 crore. Security agencies suspect that these accounts/networking are also used in other cyber/financial crimes related to online Ponzi schemes, illegal digital loan apps, courier scam, sextortion, work from home scam, YouTube like scam, rating scam etc.
Apps that fraud accounts are linked to
These bank accounts were reportedly linked to apps like Dice, Quickwrummy, Fly Aviator, Weonlinepro Three, MVP trader, Ft11, UNO, ForexDana, Live 22 cash, Aviator X, City5, Homer Alexander etc. These apps together have 1.56 crore + downloads.
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Some social media influencers also reportedly promoted these apps and schemes. These include some TV stars and small celebrities who endorsed such social media influencers and their advice related to making quick money through these online Ponzi apps.
Recently, police cracked down on an app called ‘Join trade- Financial growth’ that was using morphed pictures of Bollywood actors Akshay Kumar and Manish Paul to promote the app.
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