SEC charges 11 individuals over $300M crypto ‘pyramid scheme’
SEC has filed a lawsuit in the U.S. District Court against the founders and promoters of Forsage who allegedly fueled a $300 million “textbook pyramid and Ponzi scheme”
Auto Added by WPeMatico
SEC Charges 11 People in $300 Million Forsage Crypto Pyramid and Ponzi Scheme
The U.S. Securities and Exchange Commission (SEC) has charged four founders and seven promoters of Forsage, which it described as “a fraudulent crypto pyramid and Ponzi scheme.” The scheme allegedly…