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 charges were filed in the United States District Court in the Northern District of Illinois, and it involved four of the platform’s founders living outside of the US and 11 residents in America.
The Forsage platform was launched as an investment outfit on Ethereum but later launched on the Tron and BNB Chain. Through the scheme, investors earn money only when they onboard other people into the scheme, and through the aid of smart contracts, the investment protocol also rewards people from overflows through a series of downlines.
According to the SEC, the 4 masterminds, Vladimir Okhotnikov, Jane Doe a/k/a Lola Ferrari, Mikhail Sergeev, and Sergey Maslakov, launched Forsage.io and contracted the other defendants to help in promoting the scheme across the board. The Forsage platform was...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...