Russian founders of Forsage charged with running Ponzi scheme

Summary by UPI

A federal grand jury on Wednesday charged the founders of Forsage with running a sophisticated multi-hundred-million-dollar international Ponzi scheme under the guise of a decentralized cryptocurrency investment platform

Published 3 months ago · Portland, United States

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UPI

Russian founders of Forsage charged with running Ponzi scheme

3 months ago·Washington, United States

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Benzinga

Four Founders Of Forsage Indicted For Running A $340M Ponzi Scheme

A federal grand jury in the District of Oregon has charged four founders of Forsage, a purportedly decentralized finance (DeFi) cryptocurrency investment platform, with running Ponzi and pyramid scheme that raised approximately $340 million from victim investors. What Happened: The accused Russian nationals allegedly touted Forsage as a decentralized matrix project based on network marketing and “smart contracts,” which are self-executing contra…

3 months ago·New York, United States

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The Oregonian

Russian nationals face federal indictment in Oregon in alleged $340 million cryptocurrency Ponzi scheme

A federal grand jury in Oregon Wednesday indicted four founders of Forsage, a web-based cryptocurrency platform, on conspiracy to commit wire fraud.

3 months ago·Portland, United States

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Cointelegraph

Forsage founders indicted over $340M DeFi ‘Ponzi scheme’

Founders of DeFi platform Forsage have been indicted by a federal grand jury in the District of Oregon. The platform is accused of being a "global Ponzi and pyramid scheme" which milked $340 million from investors.

3 months ago

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