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Chennai police arrest three for running Ponzi scheme through mobile app 'Share me'

The victim volunteered and made his friends also join, but failed to get any returns, police said, adding that he realised he was conned only after the app became defunct

Published: 09th July 2021 07:27 PM  |   Last Updated: 09th July 2021 07:27 PM   |  A+A-

arrest, handcuffs, crime

The trio were nabbed from north Chennai. Police are on the lookout for the prime suspect (File | EPS)

By Express News Service

CHENNAI: Three persons were arrested for allegedly conning people through a mobile app called 'Share me'.

The arrested persons were identified as Syed Fakruddin (47), Miran Mohideen (48) and Mohammad Manas (32).

The three suspects were arrested based on a complaint filed by 28-year-old Dinesh, a resident of Madhavaram and an employee of a private company.

According to police, the mobile app was used as an interface to operate a Ponzi scheme, which promised double the returns.

Besides, every user of the app had to invest Rs 30,000 and perform a set of tasks, such as liking videos displayed on the app and sharing screenshots of the marked videos, to earn double the money.

The victim volunteered and made his friends also join, but failed to get any returns, police said, adding that he realised he was conned only after the app became defunct.

Based on the complaint, Madhavaram police registered a case, sought help from the cyber crime cell, and nabbed the trio from north Chennai on Thursday. Police are on the lookout for the prime suspect Thamim Ansari.



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