Following the Justice Department’s statements, Forsage’s founders were accused of plotting a $340 million ponzi scheme.
In light of the Justice Department’s statement, Forsage used smart contracts designed in ways that fit ponzi schemes. The founders of Forsage, who allegedly designed a “global pyramid scheme” worth $340 million, were indicted by the Ministry of Justice.
Big Blame From Ministry of Justice to Forsage Founders!
Forsage founders, Vladimir Okhotnikov, Olena Oblamska, Mikhail Sergeev and Sergey Maslakov, who created a “global Ponzi scheme” of $340 million as the alleged amount, were heavily charged for their efforts to deceive investors and raise money.
Natalie Wight, U.S. District Attorney for the District of Oregon, said, “After today’s indictment, we continue to counter theft plans worth hundreds of millions of dollars, and the investigation for Forsage will be carried out diligently.”
As a company, Forsage describes itself as technology that offers investors long-term “passive income”. Built on the Ethereum (ETH) blockchain, Forsage has also described itself as a “low risk, decentralized” finance platform. In light of the blockchain data, Forsage has observed that investors are getting 80 percent less money back from their deposited balances.
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