Meta Power has acquired a fraud warning from the Central Financial institution of Russia.
As per the CBR’s August fifth warning, Meta Power displays “indicators of a monetary pyramid”.
Meta Power is the sixth reboot of Vladimir “Lado” Okhotnikov’s Forsage Ponzi scheme.
On August 1st the SEC filed go well with in opposition to Okhotnikov (proper) and ten insiders and promoters.
The SEC alleges Forsage Ponzis had defrauded customers out of $300 million. Two US primarily based promoters have already settled wire and securities fraud costs alleged in opposition to them.
SimilarWeb at present ranks Russia as the highest supply of site visitors to Meta Power’s web site (27%). The US (23%) and Kazakhstan (17%) path behind.
Okhotnikov relies out of Tbilisi in Georgia. Georgian authorities have proven little interest in regulating Meta Power or holding Okhotnikov accountable.
Up to now Okhotnikov has not addressed the SEC’s Forsage fraud lawsuit.