Bhubaneswar, Aug 19: Bureau of Immigration on the request of Economic Offences Wing (EOW) has issued look out circular (LoC) against a Hungarian national and head of a crypto-ponzi firm.
Police said that LoC has been issued against David Gez (32) who is the head of mega crypto-ponzi scam namely STA.
“He entered with tourist Visa in India for two times in 2022-23 and stayed in India for about 25 days travelling various places like Odisha, Goa, Punjab, Jharkhand and Delhi. On first time, he had travelled to India via USA and Turkey and second time via Poland. In Odisha, he travelled Bhubaneswar and Bhadrak. He has deleted his Instagram account after registration of this case. However his Indian associates are still uploading Youtube Videos using his AI generated picture and voice,” said an official.
Police further said that the involvement of second foreigner, a Dutch national, in this scam is under scrutiny.
STA (Solar Techno Alliance) was launched in September 2021. In its website and social media accounts it claims to be a one-stop solar technologies service that enables users to order anything they like from the nearest farmers in the shortest amount of time using blockchain technology.
During the inquiry, it was found that STA through some upline members are very active in these districts and they have been using various propaganda tools to persuade people to join in this scheme and earn huge money in a very short time.
It was found that members have started using the STA token as a legal tender in their day-to-day business. It is estimated that more than 10000 people from Odisha have already been members of this scheme. This scheme has more than 2 lakh members in India including states like Punjab, Rajasthan, Bihar, Jharkhand, Haryana, Delhi, Madhya Pradesh, Maharashtra, Odisha and Assam.
