The U.S. Securities and Exchange Commission (SEC) is slapping fraud charges against eleven individuals behind the Forsage blockchain platform. The SEC says that the eleven allegedly “created, operated...
Tag: Charges
SEC Charges ‘Fraudsters’ in $300 Million ‘Crypto Pyramid and Ponzi Scheme’
The Securities and Exchange Commission has charged 11 people for their roles in what the agency is calling a “fraudulent crypto pyramid and Ponzi scheme.” Forsage allegedly raised more than $300 mill...
SEC Charges 11 Fraudsters in $300M Crypto Ponzi Scheme
The US SEC notes that Forsage was running a standard pyramid scheme and earned profits by recruiting others. On Monday, August 1, the US Securities and Exchange Commission (SEC) filed a civil complain...
SEC Charges 11 Individuals in $300M Crypto Ponzi Scheme Forsage – crypto.news
The SEC has filed charges against the team behind Forsage, alleging that they ran a crypto pyramid and Ponzi scheme, which may have resulted in losses for investors totaling more than $300 million glo...
SEC charges founders and promoters of alleged $300M Ponzi scheme
The US Securities and Exchange Commission (SEC) has filed charges against 11 individuals linked to a crypto pyramid scheme known as Forsage. The individuals behind the project managed to solicit over ...
SEC charges Forsage founders, promoters in $300 million crypto Ponzi scheme lawsuit
On Monday, the Securities and Exchange Commission charged 11 people as part of an alleged $300 million global crypto pyramid and Ponzi scheme. Retail investors were allegedly bilked by Forsage, which ...
SEC charges 11 individuals over $300M crypto ‘pyramid scheme’
The Securities and Exchange Commission (SEC) has charged 11 individuals for their alleged role in the creation of a “fraudulent crypto pyramid scheme” platform Forsage. The charges were l...
SEC Charges 11 People in $300 Million Forsage Crypto Pyramid and Ponzi Scheme – Coinotizia
The U.S. Securities and Exchange Commission (SEC) has charged four founders and seven promoters of Forsage, which it described as “a fraudulent crypto pyramid and Ponzi scheme.” The scheme allegedly r...
SEC Charges Eleven Individuals Linked to the Crypto Pyramid Scheme Forsage
On August 01, the Securities and Exchange Commission of the United States charged 11 individuals for promoting and participating in a crypto pyramid scheme called Forsage, through which they managed t...
SEC Charges 11 in Crypto Ponzi and Pyramid Sc…
The U.S. Securities and Exchange Commission (SEC) announced on Monday that it had charged 11 people for their roles in what the agency is calling a “fraudulent crypto pyramid and Ponzi scheme” that ra...
SEC Charges 11 People in $300 Million Forsage Crypto Pyramid and Ponzi Scheme – Regulation Bitcoin News
The U.S. Securities and Exchange Commission (SEC) has charged four founders and seven promoters of Forsage, which it described as “a fraudulent crypto pyramid and Ponzi scheme.” The scheme allegedly r...
US SEC charges 11 for role in $300M Forsage crypto pyramid scheme
The US Securities and Exchange Commission (SEC) charged eleven people on August 1 for their involvement in Forsage, a fraudulent crypto pyramid scheme that raised $300 million from investors around th...
SEC Charges 11 In Huge Crypto Pyramid Scheme Worth $300 Million
The U.S. Securities and Exchange Commission had on Monday charged 11 individuals for running a huge global crypto fraud. The accused were involved in creating and promoting a fraudulent crypto pyramid...
SEC Charges Eleven In Multimillion-Dollar Crypto Pyramid Scheme ⋆ ZyCrypto
Advertisement     Like any financial system, the crypto space has its fair share of scams and pyramid schemes. Amidst the growing adoption and emergence of more of the...
SEC charges 11 people in a $300M crypto Ponzi scheme
On Monday, the Securities and Exchange Commission (SEC) announced that it had arrested 11 people for their roles in creating and promoting an alleged crypto pyramid and Ponzi scheme. The scam collecte...
U.S. SEC Charges Forsage Founders for $300M Crypto Pyramid Scheme
The United States Securities and Exchange Commission (SEC) announced Monday that it had filed charges against four individuals alleged to be the founders of Forsage. The securities market regulator al...
SEC Charges Group Behind $300M “Crypto Pyramid Scheme”
Key Takeaways The SEC announced today it was bringing charges against 11 individuals for their role in founding and promoting Forsage, which the agency claims is a crypto pyramid and Ponzi scheme that...
SEC charges 11 people over $300 million crypto Ponzi scheme
The US Securities and Exchange Commission (SEC) has announced that it has filed charges against 11 individuals in connection with a fraudulent crypto project that raised over $300 million from investo...
SEC Charges 11 in Alleged $300M Crypto Pyramid Scheme Forsage
Founders of the alleged scheme were last known to be living in Russia, Indonesia and the Republic of Georgia Fraudsters cannot circumvent securities laws by focusing their schemes on smart contracts a...
Boeing Starliner astronaut capsule charges near $700 million
Boeing’s Starliner spacecraft is seen before docking with the International Space Station on May 20, 2022 during the uncrewed OFT-2 mission. NASA Boeing disclosed a charge of $93 million in the ...
SEC Charges Ex-US Congressman For Violating Securities Exchange Act
Stephen Buyer has been charged with insider trading by SEC. Stephen purchased more than $1.5 million worth of Sprint and Navigant Consultancy stock. The Securities Exchange Commission (SEC) charged St...
Indian brothers to face crypto fraud charges in the US
According to reports, two Indian brothers, Ishan Wahi and Nikhil Wahi have been arrested over crypto fraud allegations. The reports revealed that the two siblings, alongside their accomplice, Sameer R...
Tesla Writes Down $170M in Bitcoin Impairment Charges in Q2
Electric carmaker Tesla recorded a $170 million impairment charge against the carrying value of its bitcoin assets. The company also recorded gains of $64 million from some of its bitcoin sales in a f...
SEC charges former Coinbase manager- Here’s why
The Securities and Exchange Commission on 21 July initiated insider trading charges against a former Coinbase product manager, his brother, and his friend. The accused perpetrated a scheme to trade ah...
Former Coinbase product manager arrested on insider trading charges
A former product manager at Coinbase, Ishan Wahi, was arrested Thursday on charges of wire fraud in connection to an insider trading scheme, according to a statement from the Department of Justice (DO...
SEC Slaps Former Coinbase Manager With Insider Trading Charges — Identifies 9 Crypto Tokens as Securities – Regulation Bitcoin News
The U.S. Securities and Exchange Commission (SEC) has announced insider trading charges against a former Coinbase manager, who has been arrested and is also facing criminal charges. The regulator has ...
9 Cryptos Named as Securities by SEC amid Coinbase Insider Trading Charges
The US Securities and Exchange Commission (SEC) on Thursday listed nine cryptocurrencies that it considers as securities. The regulator named the nine crypto assets in its first insider-trading case, ...
DOJ Charges Virtual Asset Firm Founder with $6M Investor Fraud
Crater falsely promoted My Big Coin as a virtual currency backed by gold, oil and other valuable assets, the DOJ said He claimed to have a partnership with MasterCard and that the coins could be excha...
U.S. Charges Former Coinbase Employee in First Crypto Insider Trading Case
A former product manager at Coinbase global along with two others has been charged with wire fraud in the first insider trading case involving cryptocurrencies. Ishan Wahi, the former product manager ...