Romanian authorities have raided the offices of CryptoData, a crypto development firm co-founded by Ovidiu Toma and Bogdan Mărunțiș.

Toma is a serial fraudster tied to multiple MLM crypto Ponzi schemes.

As reported by Gandul on February 5th;

DNA searches CryptoData, a company owned by Ovidiu Toma. Prosecutors seize documents, phones and computers from the company.

DNA refers to Directia Nationala Anticoruptie, a government agency

tasked with preventing, investigating and prosecuting corruption-related offenses (such as bribery, graft, patronage and embezzlement) that caused a material damage to the Romanian state.

At the time of the CryptoData raids, Toma was in Dubai as a sponsor of the Untold music festival. Toma is believed to split his time between Romania and Dubai, the MLM crime capital of the world.

As further reported by Gandul;

The CryptoDATA team allegedly used artificial intelligence to fabricate a fake article about the use of its devices in the war in Ukraine and altered a Reuters article, stealing the identities of two of the Agency’s journalists.

Bogdan Mărunțiș is reported to have fled to Laos.

Mărunțiș has locked down his social media profiles and, following the CryptoData raid, his status is unknown.

Gandul’s report continues;

Bogdan Mărunțiș … allegedly sent a fake contract regarding the purchase of Vladimir Putin figurines between CryptoDATA and a Ukrainian company. He admitted that the document was fabricated by them.

A year ago, Gazeta de Cluj revealed that Elisabeta Mărunțiș, Bogdan Mărunțiș’s mother, is the current accountant of Ovidiu Toma’s companies, meaning the one who covered up and arranged all the illegalities carried out by the Coldea – Toma – Mărunțiș and associates group.

Coldea refers to Mărunțiș’ godfather, Florian Coldea. Coldea, a former Romanian Intelligence Service Deputy Chief and retired general, is a primary suspect in another corruption case involving “influence peddling and money laundering”.

According to țiripesurse.ro, CryptoDATA allegedly purchased 250,000 figurines of Vladimir Putin, worth $375,000, delivered to the company’s headquarters in Voluntari at the beginning of 2024.

At the same time, there are numerous CryptoDATA products on Russian websites, and investigations show possible commercial partnerships between the company and companies in Russia, including the promotion of products on the pages of Russian businessmen.

Beyond that, Romanian prosecutors haven’t specified the nature of any potential charges.

A February 5th Capital article additionally ties Ovidiu Toma to Edain.

In 2024, shocking revelations emerged about the virtual currency launched and heavily promoted by the owners of CryptoDATA, which ended up being a major scam for passionate investors.

The digital currency, which had been launched in March 2022 with a value of 4.5 lei, ended up being worth less than 0.007 lei last year, i.e. over 640 times less than at the beginning.

The losses for investors are immense, and many people complain that they were lured and deceived by those behind CryptoDATA.

Edain was an MLM crypto Ponzi launched in late 2021. The scam was fronted by three co-founders nobody had heard of; Hardy F. Schloer, Adela Fofiu and Mihai Spariosu (inexplicably deceased at time of Edain’s launch).

After Edain collapsed (the original “co-founders” had long-since disappeared), CryptoData announced it was “taking over” the Ponzi scheme.

Ovidiu Toma pulling the strings at Edain all along makes a lot of sense.

Here at BehindMLM we know Toma as the Chief Technology Officer of the Karatbars International gold pyramid turned crypto Ponzi.

Toma worked closely with Harald Seiz, Josip Heit and Alexandru-Nicolae Bodi (aka Alex Bodi), to defraud consumers through Karatbars International.

Following a failed transition to crypto fraud through its KBC shitcoin, Karatbars International collapsed in 2019. Multiple reboots were attempted but by late 2020 it was clear Karatbars International was over.

After KaratBars International, Harald Seiz worked with Russian scammers to try to get a few projects off the ground. Seiz eventually fled Germany for Thailand.

Through parent company Gold Standard Corporation (GSB), Josip Heit and Alex Bodi went on to launch GSPartners.

Bodi is a well-known Romanian underworld crime figure. His wedding godfather is Adrian Tamplaru, former lieutenant of Romanian mafia don Ion Clămparu.

North American regulators issued over a dozen “fraudulent investment scheme” GSPartners warnings throughout 2023.

GSPartners eventually buckled under the pressure and collapsed in December 2023. A regulatory settlement was reached in September 2024, through which GSB has agreed to refund North American GSPartners victims.

From December 2023 to present five GSPartners reboots were launched, the latest of which is DAO1.

Following acknowledgement DAO1 is unavailable to North American consumers in January 2025 and regulatory fraud warnings from Australia and New Zealand, Heit and Bodi are now primarily targeting Russians.

After Karatbars Ovidiu Toma tried to flog IMPulse K1, a privacy focused cell phone. After that flopped, CryptoData was launched in early 2020.

Through CryptoData, Toma has been tied to Edain, AI scams, a bizarre Vladimir Putin figurine scheme and who knows what else.

Research by Realitatea Plus, a Romanian news outlet, suggests Alex Bodi might also be involved in CryptoData;

Alex Bodi also got involved in the business run by Ovidiu Toma and Bogdan Mărunțiș.

He reportedly invested significant amounts of money in cryptocurrencies, and his passion went even further. He even named his puppy “Crypto”.

At the very least Gold Standard Corporation (then Gold Standard Bank, hence GSB), has a history with CryptoData through Karatbars International.

In an editorial update published by G4 Media on February 5th, Toma is quoted as stating;

DNA prosecutors requested documents related to a former associate, which they made available.

Tomas does not name the former CryptoData associate.

If there are any updates on the Romanian investigation into Ovidiu Toma, we’ll keep you posted.