New cryptocurrency projects keep getting launched in India. People join them by luring more money in less time and less effort and these fake companies take advantage of this. Today we will discuss about Solar Techno Alliance Token STA Crypto Scammed 2 Lakh People From 12 States including some foreign countries members like UAE, Thailand etc.
As you all know, without hard work, even the food kept in our plate does not reach our mouth. And the food kept in our mouth does not go to our stomach without being digested. If you look carefully, it also takes a lot of effort.
Then how do you believe that any dead hundred rupees cryptocurrency token will become worth 1000000 rupees in 1 or 2 years.
But you are shown false dreams and told fake things in such a way that your mind gets ready to believe it and you fall into this type of cryptocurrency scam.
This type of new cryptocurrency scam came to know us from Rajasthan. Where a group of three people launched a fake token based on MLM scheme named Solar Techno Alliance or STA Token. Let's see everything in detail.
SOLAR Techno Alliance Token STA Crypto Scammed 2 Lakh People From 12 States
By luring people to get rich quickly in Solar Techno Alliance Company, more than two lakh people from 12 states of India were trapped.
The mastermind of this company was Sidhu who was a resident of Shri Hari Ganganagar Rajasthan. This person has been arrested by the police of a hotel in Ganganagar and during interrogation he made big revelations, which we are giving you detailed information about.
These people started a multi level marketing company in which they get a huge commission on adding new people.
These people were selling fake plans in the name of cryptocurrency to innocent people, in which they used to dream of earning crores of rupees.
But the main income source of his business was to earn money only by adding people, slowly people started understanding things and after two years people stopped adding to this company.
As soon as people stopped connecting, the company started in 2021 came to its end by 2023. And different different people have been arrested from different-different places of India.
Sidhu the master mind of company was arrested from the a Hotel of Shree Ganga Nagar Rajasthen. And EOW issue arrest warrent of three more people who were mastermind of Odisha area, social media and marketing head.
These people were planning to flew away to Dubai and Thailand after scamming 2 Lakh innocent people from 12 different states of India.
How to Identify Such STA Token Similar Scams
Investigate the business plan of company. Understand that how this company is making money. Because any business survive only with incoming cash.
If incoming cash will stop company business will be stopped.
So if company is only generating money with introducing new members then it is going to stop soon because people are limited.
Before investing money in the company, you have to see how the company is making, if the company is making money legally and will continue to make it in the future, then only then you should invest in that company.
Otherwise, you will keep coming in the trap of companies like Solar Techno Alliance and other people will keep earning with your money.
That's why always keep in mind that genuine Business should be invested. So that we do not have any problem in the coming time, otherwise time passes but our dreams remain in ruins.
Your Future is In Your Hand Stay Safe.
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