Forsage

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 […]

Default judgment has been granted towards Forsage govt Mikhail Sergeev. The SEC alleges Forsage is a $300+ million Ponzi scheme. Sergeev, a Russian nationwide, labored as Forsage’s Improvement Director. Sergeev’s judgment follows the SEC being granted permission to serve him through e mail on February seventh. Sergeev failed to reply to the SEC’s Criticism, leading

Forsage founder Vladimir “Lado” Okhotnikov has been indicted for conspiracy to commit wire fraud. Along with Okhotnikov (proper), a federal grand jury additionally indicted Olena Oblamska (aka Lola Ferrari), Mikhail Sergeev (aka Mike Mooney, Gleb and Gleb Million), and Sergey Maslakov. All 4 Russian nationals are founders of the unique Forsage Ponzi scheme. The quartet

Default judgment has been granted in opposition to Forsage Ponzi scammers Sergey Maslakov and Lola Ferrari. Default judgment follows the SEC securing an Entry of Default in opposition to Maslakov and Ferrari final October. Following a movement from the SEC, Default Judgment was granted on February seventh. By advantage of the default and failure to

Ronald R. Deering has settled Forsage fraud allegations introduced towards him. Deering was the final of seven Forsage Ponzi promoters sued by the SEC again in August. As alleged by the SEC, Deering (proper), a US nationwide dwelling in Idaho, stole a minimum of $267,075 by way of Forsage. As per his December thirteenth authorized

Forsage promoter defendants Carlos Martinez and Alisha Shepperd have settled with the SEC. Each Martinez’s and Shepperd’s settlements are partial. That is in the end a moot level, as each Martinez’s and Shepperd’s (proper) settlements prohibit additional acts of securities fraud; prohibit participation in pyramid schemes; prohibit participation in “crypto asset securities” schemes (mainly any

Vladimir “Lado” Okhotnikov has secured illustration towards the SEC. Consequently, the beforehand entered Entry of Default has been “exited”. As per a Joint Standing Report filed on October twenty first; However the default, because the SEC apprised the Court docket through the telephonic listening to on the movement on October 6, 2022, counsel forOkhotnikov beforehand

An Entry of Default has been recorded towards Forsage scammers Vladimir “Lado” Okhotnikov, Lola Ferrari and Sergey Maslakov. As at September twenty ninth, neither Okhotnikov, Ferrari or Maslakov had filed a response to the SEC’s Forsage fraud lawsuit. Okhotnikov (proper) is hiding out in Georgia. Ferrari and and Maslakov are believed to be in Indonesia

The SEC has moved to serve three of Forsage’s 4 founders by way of various service. Vladimir “Lado” Okhotnikov, Lola Ferrari, Sergey Maslakov all reside abroad. Vladimir “Lado” Okhotnikov As alleged by the SEC; Okhotnikov is a Russian nationwide believed to reside in Tbilisi, Republic of Georgia. He’s the face of the operation, internet hosting

Cheri Beth Bowen has settled a securities fraud lawsuit introduced towards her by the SEC. As alleged by the SEC, Bowen stole “no less than” $303,000 by way of the Forsage Ponzi scheme. On September 1st the SEC filed a movement requesting judgment by consent towards Bowen (proper). The requested judgment obviates the necessity to