On August 1, 2022 the US Securities and Exchange Commission brought a lawsuit alleging that Forsage was a fraudulent crypto scheme. According to the Complaint, Defendants Vladimir “Lado” Okhotnikov, Jane Doe a/k/a Lola Ferrari, Mikail “Mike” Sergeev, and Sergey Maslakov (the founders of Forsage) created, operated and maintained an online pyramid and Ponzi scheme through Forsage.io (“Forsage”), a website that allowed millions of retail investors in the United States and elsewhere to enter into transactions…
Latest Posts
- SEC Sues Forsage For Allegedly Being a Ponzi Scheme
- Binance.US To Delist Token SEC Said is a Security
- UK Courts Allow for Service of Documents via Blockchain
- SEC’s First Cryptocurrency Insider Trading Case Designates Nine Cryptocurrencies as Securities
- United States Department of Justice Brings Multiple Enforcement Actions Against Crypto Fraudsters
- U.S. SEC Once Again Rejects Spot Bitcoin ETFs
- China: Industry Organizations Release Initiative for Preventing NFT-related Financial Risks
- Bi-Partisan Effort to Regulate Digital Assets Favors CFTC as Primary Regulator
Recent
We wrote last week about the SEC’s recent insider trading lawsuit in which it identified nine tokens as…
For the first time in the UK, in D’Aloia v Persons Unknown, Binance Holdings Limited & Others, the…
The SEC has brought numerous cases in which it alleged that specific tokens were “securities” and that their…
Earlier this month, the United States Department of Justice (DOJ) announced charges against six individuals, in four separate…
We have followed for years the saga of the many applications for a spot Bitcoin ETF that have…
On 13 April 2022, three organizations – the National Internet Finance Association of China, the China Banking Association…