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: SEC Lawsuit Over XRP ‘Has Gone Exceedingly Well’ April 17, 2022 BlockFi sues FTX’s Bankman-Fried over shares in Robinhood November 29, 2022 US Court Awards Kevin O’Leary $2.8M in Defamation Case Against ‘Bitboy Crypto’ February 17, 2026