SEC spears ‘Crypto Crusaders’ over alleged pyramid scheme

U.S. regulators are seizing their moment during this ongoing crypto bear market to crack down on bad actors in the space as many investors are already souring on the asset class.
The U.S. Securities and Exchange Commission charged 11 people today in connection with Forsage, a crypto project that raised over $300 million from “millions of retail investors worldwide,” the agency announced today. The individuals charged include the project’s four founders — Vladimir Okhotnikov, Jane Doe aka Lola Ferrari, Mikhail Sergeev, and Sergey Maslakov — who were last sighted in

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