A grand jury has indicted four founders of Forsage, accusing them of having key roles in a $340 million “global Ponzi and pyramid scheme.”
The founders behind the alleged $340 million “global Ponzi” scheme Forsage have been indicted by a federal grand jury in the District of Oregon.
“Today’s indictment is the result of a rigorous investigation that spent months piecing together the systematic theft of hundreds of millions of dollars,” said U.S. Attorney Natalie Wight for the District of Oregon, adding: Forsage had touted itself as a low-risk decentralized finance platform built on the Ethereum blockchain which purportedly allowed users to generate long-term passive income, Blockchain analytics however reportedly revealed that 80% of Forsage “investors” have received less back than they had put in.
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