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Published 2 years ago

U.S. SEC charges 11 individuals in $300 million crypto pyramid scheme

Summary by Ground News
The Securities and Exchange Commission (SEC) has charged 11 individuals for their alleged role in the creation of a "fraudulent crypto pyramid scheme" platform Forsage. The charges were laid in a United States District Court in Illinois on August 1, with the SEC alleging that the founders and promoters of the platform raised more than $300 million from retail investors worldwide.

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