SEC charges 11 people in a $300M crypto Ponzi scheme

SEC charges 11 people in a $300M crypto Ponzi scheme


Cryptopolitan
2022-08-01 21:00:55

On Monday, the Securities and Exchange Commission (SEC) announced that it had arrested 11 people for their roles in creating and promoting an alleged crypto pyramid and Ponzi scheme. The scam collected more than $300 million from investors. The platform, known as Forsage, was marketed as a decentralized smart contract system. It also allowed millions … SEC charges 11 people in a $300M crypto Ponzi scheme Read More »