Russian founders of Forsage charged with running Ponzi scheme

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…

Forsage Crypto Scam Founders Indicted for $340M: U.S Department of Justice

The U.S. Department of Justice (DoJ) has released a statement confirming that four founders of the cryptocurrency firm Forsage have been…

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.

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.

Russian founders of Forsage charged with running Ponzi scheme

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

Forsage Founders Indicted for $340M Ponzi Scheme Masquerading as DeFi Platform

Company relied on smart contracts whose coding is consistent with a Ponzi scheme, U.S. Justice Department says.