By Biswanath Dash
NEW DELHI/BHUBANESWAR: EOW Odisha arrested one Ratnakar Palai . on 15.08.2023from Bhubaneswar in the STA Crypto-Ponzi scam. The arrested accused will be produced before the Hon’ble OPID Court, Cuttack on Wednesday.
Ratnakar Palai, 45, is an important and up-line member of STA having huge number of members below him (known as down-line members in the MLM/ Pyramid based schemes/scams). He is very close to Gurtej Singh and Nirod Das. He is an M.Tech in IT from Karnataka University, Bangalore and claims to be an international speaker, entrepreneur and investment guru.
He is also propaganda head/ social media influencer of STA in Odisha. He used to run a YouTube channel for wider publicity of this scheme. He is member of some other such dubious scams too which is under scrutiny. He also runs an institute namely ‘Learn toearn”. However after the arrest of Gurtej and Nirod, he has either deleted or deactivated his social media accounts. He had also visited Goa along with Nirod to participate in STA celebration.
