The US Department of Justice has indicted four Russian nationals for running a Ponzi and pyramid scheme that raised $340 million from investors.
According to the officials, the four individuals namely Vladimir Okhotnikov, Olena Oblamska, Mikhail Sergeev and Sergey Maslakov promoted Forsage on social media as a decentralized investment platform that is based on network marketing and “smart contract” when it was actually a fraudulent scheme.
“As soon as an investor invested in Forsage by purchasing a ‘slot’ in a Forsage smart contract, the smart contract automatically diverted the investor’s funds to other Forsage investors, such that earlier investors were paid with funds from later investors,” the officials confirmed.
The US securities regulators mid last year had charged 11 people for their involvement in Forsage.
Improve your crypto trading skills by joining our ParadiseFamilyVIP, there will be a personal professional crypto trading expert to teach you how to execute your trade and make a fortune on Binance, Bybit and KuCoin exchanges.
We share at least 3 best crypto trading signals per day, Use PRO20% for your special 20% discount today as the promo expires soon. Click here to see reviews from our clients.
Join our telegram channels where we share our FREE updates and analysis on coins like BTC, ETH, and other trending altcoins. We also share our FREE secret insights, and also FREE market updates.
- My Binance Paradise – https://t.me/MCP_binance
- My KuCoin Paradise – https://t.me/MCP_KuCoin