US authorities charges group of Russia in $300 million Ponzi scheme
The US Securities and Exchange Commission accuses 11 individuals of creating a crypto pyramid scheme Forsage. Among them are some Russians.
According to the SEC, the pyramid was launched in 2020. The founders are Vladimir Okhotnikov, Mikhail Sergeev, Jane Doe a/k/a Lola Ferrari and Sergey Maslakov. They are living in Russia, Indonesia and the Republic of Georgia. The founders offered investors to make contracts by Ethereum, Tron and Binance blockchains. Every new investor gave them money and got tokens with an interest rate. The scheme works still the project can promote new investors. If the company can't do it, the project falls apart.
For two years they had raised more than $300 millions by investors from different countries, including the US.
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