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Forsage- Scam Review

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Vladimir “Lado” Okhotnikov, the proprietor of Forsage, says in a brand new MetaForce video from August seventeenth; On this video, I am going to focus on the steps MetaForce is taking to defend its stance in relation to the SEC.

I regarded on the case docket, assuming Okhotnikov had answered to the SEC’s securities fraud lawsuit from August 1. Nope. What’s Okhotnikov ranting about, then? Okhotnikov asserts that the SEC’s case is stuffed with “unfounded assertions” which might be “not primarily based on something,” whereas being supported by numerous pages of proof. 

Okhotnikov asserts that the SEC is unaware of “how the blockchain works.”  

It must be talked about that the SEC has filed a lawsuit towards Forsage and Okhotnikov for operating a Ponzi scheme and committing securities fraud. It does not matter how “the blockchain” capabilities or does not.  

Concerning Forsage’s alleged response to the Philippine SEC’s 2020 investigation and warning concerning securities fraud, Okhotnikov stated; With the intention to forestall anybody from conflating Forsage with any funding initiative, we changed the phrase “reinvestment” in order that there would not be any phrases like “make investments”, “funding,” and so forth. With the intention to forestall misunderstandings, we have now additionally up to date quite a few different phrases on the web site and in our publications.

The time period “pseudo-compliance” describes this (just like when a YouTube scammer tells you “this isn’t monetary recommendation”). When regulators look into alleged scams, they study the corporate mannequin earlier than the advertising and marketing. Hiding investing phrases is meaningless in case your funding technique is faux. 

Okhotnikov goes on: Though “reinvest” is a well known and customarily accepted buzzword in community advertising and marketing, it on no account implies that we’re discussing an funding program. There should be some unusual Russian logic at work right here. I can not sustain with this.  

Okhotnikov continues by explaining how the securities fraud will finish. Forsage referred to as the decision from Montana that he obtained “complicated.” He does not seem to grasp that safety fraud is prohibited in each the US and the Philippines. As an alternative of even making a cursory examine of Forsage, he (Montana) merely copied every part from the Philippine SEC. 

For some cause (Montana), I really feel that everybody ought to adhere to the recommendation on his web site. Moreover, it isn’t totally obvious what the need to stop entailed. Okhotnikov asserts that the Philippine SEC and Montana CSI had been “incompetent” as a result of they each regulated Forsage for securities fraud.

The claims made by the US SEC, which had been made recognized in August, They’ve demonstrated the identical quantity of ignorance about blockchain, community advertising and marketing, and the dispute on the whole. Along with responding to them, I’m additionally interested by how we must always deal with every part.

As soon as extra, Okhotnikov has not but submitted a response to the SEC’s grievance towards him as of the time of publication. Okhotnikov is transferring on with MetaForce relatively than responding to the accusation and presenting proof in court docket that Forsage wasn’t a $300 million Ponzi scheme. 

The newest reboot of Forsage known as Forsage. We’re strengthening our place and modifying the structure. It is a true revolution in our trade. Not solely clear but additionally oblique depictions of a monetary pyramid are absent from MetaForce. 

Merchandise are the idea of promoting. Numerous objects are being ready by us. These are tokenized objects that exist within the metaverse and are each actual. It goes with out saying {that a} Ponzi scheme’s enterprise technique is unaffected by the addition of merchandise.

Like old school adcredits, MetaForce’s metaverse merchandise will not alter the corporate’s money circulation. Moreover, the SEC’s case has already been submitted, so it makes no distinction what Okhotnikov does or does not do with MetaForce. It’s not possible to rectify the monetary deception that price $300 million over 2.5 years.  

We’ll hold you up to date till Okhotnikov truly information a response or till extra meltdown footage surfaces.

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