SEC charges 11 individuals over $300M crypto ‘pyramid scheme’ Post author:MiamiCrypto Post published:August 2, 2022 Post category:Carolyn Welshhans / charge / Forsage / Lawsuit / Pyramid Scheme / Securities and Exchange Commission 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” You Might Also Like Ripple CEO Discusses Ongoing SEC Lawsuit April 14, 2022 SEC Folded, XRP Won—But Oregon Still Hits Coinbase With Crypto Lawsuit April 21, 2025 Ava Labs founder awarded $3M in crypto defamation suit May 2, 2023