The U.S. SEC has charged 4 founders and 7 promoters of Forsage, calling it 'a fraudulent crypto pyramid and Ponzi scheme.' cryptocurrency
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.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
SEC charges 11 with creating, promoting $300 million crypto 'Ponzi scheme'A crypto transaction website allegedly operated as a pyramid scheme for over two years and used assets from new investors to pay earlier investors, according to the Securities and Exchange Commission’s complaint.
Weiterlesen »
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.
Weiterlesen »
Alibaba shares keep sliding in Hong Kong following delisting threat from SECHong Kong-listed shares of Alibaba Group Holdings Ltd. continued to sink overnight, after U.S. regulators last week added the e-commerce giant to a list of...
Weiterlesen »
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.
Weiterlesen »
SEC charges 11 with creating, promoting $300 million crypto 'Ponzi scheme'A crypto transaction website allegedly operated as a pyramid scheme for over two years and used assets from new investors to pay earlier investors, according to the Securities and Exchange Commission’s complaint.
Weiterlesen »