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 Consensys to SEC: Recognize the Advanced Safeguards Inherent in Ethereum’s Design March 31, 2024 XRP gains 30% after Ripple gets permission to explain ‘fair notice defense’ vs. SEC February 7, 2022 Russian Crypto Mining Giant Bitriver Considers Challenging US Sanctions May 12, 2022