The SEC is taking a dim view of cryptocurrency Ponzi schemes
The agency has charged 11 people
11 people for their roles in creating and promoting an allegedly fraudulent crypto/Ponzi scheme called Forsage.
Forsage was billed as a decentralized smart contract platform which allowed millions of retail investors to make transactions through smart contracts that operated on several blockchains including Ethereum, Tron, and Ethereum Classic.
However, behind the scenes, the SEC alleges that for more than two years the scheme operated like your run-of-the-mill pyramid setup whereby investors earned profits by recruiting others to take part.
Four of the 11 people charged are founders of Forsage
Where they are located currently is not known, but their last known locations were Russia, the Georgia republic and Indonesia
In addition, the stock watch agency also charged three U.S.-based promoters who touted Forsage on their social media platforms
Paul Pelosi bought stock in NVIDIA just as Congress was debating a bill that would provide billions of dollars in subsidies for American chip makers
Republicans are vowing to investigate the Pelosis and their perfectly timed stock trading
Kevin McCarthy, who is likely to become Speaker if the GOP retakes control of the House, said there will be an investigation into Pelosis
https://www.naturalnews.com/2022-08-02-sec-ignores-paul-pelosi-charges-11-300-million-crypto-ponzi-scheme.html
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