A federal grand jury in the District of Oregon has handed down indictments against the individuals who are believed to have been the masterminds behind the “global Ponzi” scam known as For...
Tag: FORSAGE
Forsage Platform Founders Indicted in $340 Million Ponzi Scheme –
Join Our Telegram channel to stay up to date on breaking news coverage The founders of a DeFi crypto investment platform, Forsage, have been indicted by the federal grand jury in the District of Orego...
US DoJ indicts Forsage founders in $340m Ponzi scheme
The United States Department of Justice (DoJ) has charged four founders of Forsage for orchestrating the multi-million dollar global DeFi Ponzi and pyramid scheme. If convicted, the defendants could s...
Forsage Founders Indicted for $340M Ponzi Scheme Masquerading as DeFi Platform
Forsage relied on smart contracts on Ethereum, Binance Smart Chain and Tron that were “consistent with a Ponzi scheme,” the statement said. “As soon as an investor invested in Forsag...
Russian Founders of Defi Platform Forsage Indicted in $340 Million Crypto Ponzi Scheme – Bitcoin News
Four Russians have been charged in the U.S. with operating a crypto pyramid and Ponzi scheme that defrauded investors of millions of dollars. If convicted, they would face a maximum penalty of 20 year...
Forsage founders indicted over $340M DeFi ‘Ponzi scheme’
The founders behind the alleged $340 million “global Ponzi” scheme Forsage have been indicted by a federal grand jury in the District of Oregon. The four Russian founders — Vladimir Okhotnikov, Olena ...
U.S DOJ Confirms Founders of Forsage Indicted of Over $340M
4 hours ago | 2 mins read Bitcoin News The Department of Justice claims Forsage’s older supporters get funding from new investors. The authorities claims that Forsage operated using a Ponzi scheme bas...
Forsage founders indicted in $340 million Ponzi scheme
Legal • February 22, 2023, 6:34PM EST The founders of Forsage, a decentralized finance crypto investment platform, were indicted for their alleged roles in a $340 million “global Ponzi and pyramid sch...
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 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 Sues 11 Individuals involving Forsage Crypto Ponzi Scheme
The United States Securities and Exchange Commission (SEC) has filed charges against 11 alleged masterminds of the popular Forsage crypto pyramid and Ponzi scheme. As announced by the commission, the ...
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 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...
11 Charged In Alleged $300 Million Crypto Pyramid Scheme By Forsage
Topline U.S. authorities charged 11 people in an alleged international cryptocurrency Ponzi and pyramid scheme that conned millions worldwide to invest more than $300 million on the Forsage platform, ...
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 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...