SEC Charges 11 People in $300 Million Forsage Crypto Pyramid and Ponzi Scheme – Regulation Bitcoin News

The U.S. Securities and Exchange Commission has charged four founders and seven promoters of Forsage, which it described as “a fraudulent crypto pyramid and Ponzi scheme.” The scheme allegedly raised more than $300 million from millions of retail investors worldwide, including in the U.S.The U.S. Securities and Exchange Commission announced Monday that it has “charged 11 individuals for their roles in creating and promoting Forsage, a fraudulent crypto pyramid and Ponzi scheme.

The securities watchdog detailed that Vladimir Okhotnikov, Jane Doe , Mikhail Sergeev, and Sergey Maslakov launched the Forsage.io website in January 2020 to allow retail investors to enter into transactions via smart contracts on the Ethereum, Tron, and Binance blockchains. Some regulators have tried to stop Forsage from operating in their jurisdictions. The Securities and Exchange Commission of the Philippinescease-and-desist actions against Forsage in September 2020 and the Montana Commissioner of Securities and Insurance took action against the scheme in March 2021. However, Forsage continued its operations, denying the allegations in Youtube videos.

Government are the ones doing all these frud shit

It's normal, people are divided into good and bad, Ponzi schemes can't go very far

Earning starts from somewhere Making money through Bitcoin is a huge financial freedom Investing in Bitcoin, which no one can control is the best thing to do not even the government Don't go too further to get educated and earning Follow Chrissdiazn for good mentorship

Pi pi

Sometime there bad actors in Crypto. Need any regulation Asap is good.

Hzmcoin_Bitcoin_Arab Hzm Coin The first cryptocurrency in the Arab world.. Hzm Coin will redraw the Arab financial picture. 🐪🔝 HZMCoin malarab1 Metaverse Mejhool_app NemoLandKingdom HzmApp Web3 Bitcoin ETH Blockchain

Aren’t you surprisedd to see no one is talkinnn about this?

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bitcoin dips, SEC charges 11 in alleged Ponzi scheme, and the outlook for NFTs: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Lin Dai, co-founder and CEO of OneOf, discusses the outlook for the NFT market and the company's latest funding round, which includes American Express.
Source: CNBC - 🏆 12. / 72 Read more »

Alibaba says will work to keep trading in U.S., Hong Kong after being added to SEC delisting risk listThe statement came after Alibaba was added to the SEC's list of Chinese companies at risk of being delisted for not meeting auditing requirements on Friday.
Source: CNBC - 🏆 12. / 72 Read more »