Webwork was an Indian website portal accused of being a Ponzi scheme.[1] The site was promoted by a Bollywood star, and was said to have scammed Rs 125 crore from users. Webwork's directors were arrested in February 2017.[2]
| Company type | Privately owned |
|---|---|
| Genre | Deposit mobilising company |
| Founder | Anurag Garg, Sandesh Verma |
| Headquarters | India |
See also
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References
edit- ^ "As fear spreads, some firms start refunding investors - Times of India". The Times of India. Retrieved 14 March 2017.
- ^ Kumar Pandey, Rajesh; Alam, Shafaque (3 May 2017). "webwork's 'ponzi scam': HC orders CBI probe into Webwork's 'Ponzi scam' | Noida News - Times of India". The Times of India. Retrieved 29 February 2020.