Those charged included the four founders of the scheme named Forsage. They were last known to be living in Russia, the Republic of Georgia, and Indonesia, the SEC said in a statement.
(Reporting by Kanishka Singh in Washington)
U.S. SEC charges 11 individuals in $300 million crypto pyramid scheme
August 01, 2022 at 12:03 pm EDT
Share
WASHINGTON (Reuters) - The Securities and Exchange Commission said on Monday it charged 11 people for their roles in creating and promoting a fraudulent crypto pyramid and Ponzi scheme that raised over $300 million from retail investors worldwide, including in the United States.
Share
