The SEC has charged eleven Forsage Ponzi promoters with securities fraud. The SEC claims Forsage is a $300 million dollar Ponzi scheme. Forsage owner Vladimir “Lado” Okhotnikov is among the eleven defendants. The SEC’s complaint was filed on August 1st and names the following defendants: Vladimir “Lado” Okhotnikov (right, public face of Forsage, Russian national [Continue reading…]

Source: SEC charges eleven Forsage scammers with securities fraud