The DOJ has stayed SEC civil proceedings in opposition to Forsage executives and promoters.
The March twenty eighth order staying SEC proceedings was preceded by a DOJ intervention submitting on March twenty fourth.
Within the submitting, the DOJ causes;
Along with the overlapping defendants in each the SEC’s case and the legal case, each the SEC’s grievance and the legal indictment contain overlapping info and legislation.
Each the civil grievance and indictment additionally allege that the Founders structured and used the Forsage funding platform to function a Ponzi and pyramid scheme that benefited themselves.
The USA now seeks to intervene on this civil continuing so as to search a keep of discovery pending decision of the legal case.
Along with Okhotnikov (proper), Olena Oblamska (aka Lola Ferrari, “the goddess of Forsage”), Mikhail Sergeev (Growth Director) and Sergey Maslakov (prime Russian promoter) had been additionally indicted.
Okhotnikov’s final identified location is Georgia (the nation). Sergeev and Maslakov are believed to reside in Russia. Oblamska’s final identified location was Bali, Indonesia.
It’s presumed the SEC’s case will stay stayed pending the arrest of all 4 Forsage fugitives. Given two are confirmed to be in Russia, in the event that they’re not apprehended elsewhere this might theoretically be for an indefinite time frame.
I think the SEC’s case would possibly resume if solely Okhotnikov is apprehended. Okhotnikov nonetheless maintains a public profile via MetaForce, the sixth incarnation of Forsage.
After initially collapsing, MetaForce has been relaunched as an NFT metaverse grift.
Yesterday MetaForce uploaded a “Uniteverse and & Forcecoin presentation” to its YouTube channel.
The presentation includes a theatrical introduction which, amusingly but in addition considerably disturbingly, portrays Okhotnikov as a messiah-like determine.
The outline of the YouTube video credit Bachana Chanturia with placing collectively the manufacturing’s music and dance ensemble.
Chanturia seems to be a well-known Georgian dance teacher.
Whether or not the US has reached out to Georgian authorities but stays unclear. As of February 2023, an extradition treaty between the US and Georgia is nonetheless being negotiated.
For his or her half, Georgian authorities haven’t publicly taken any motion in opposition to Okhotnikov.
Though US-based site visitors to Meta Drive’s web site virtually doubled in February 2023, the US nonetheless solely accounts for 7% of whole MetaForce web site site visitors.
MetaForce is primarily lively in Cameroon (32%), Ukraine (28%) and Russia (11%).
The Central Financial institution of Russia issued a MetaForce pyramid fraud warning in August 2022.