The DOJ has stayed SEC civil proceedings towards 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 felony case, each the SEC’s grievance and the felony indictment contain overlapping information and regulation.
Each the civil grievance and indictment additionally allege that the Founders structured and used the Forsage funding platform to function a Ponzi and pyramid scheme that benefited themselves.
The USA now seeks to intervene on this civil continuing with a view to search a keep of discovery pending decision of the felony case.
Along with Okhotnikov (proper), Olena Oblamska (aka Lola Ferrari, “the goddess of Forsage”), Mikhail Sergeev (Growth Director) and Sergey Maslakov (high Russian promoter) had been additionally indicted.
Okhotnikov’s final recognized location is Georgia (the nation). Sergeev and Maslakov are believed to reside in Russia. Oblamska’s final recognized location was Bali, Indonesia.
It’s presumed the SEC’s case will stay stayed pending the arrest of all 4 Forsage fugitives. Given two are confirmed to be in Russia, in the event that they’re not apprehended elsewhere this might theoretically be for an indefinite time frame.
I think the SEC’s case would possibly resume if solely Okhotnikov is apprehended. Okhotnikov nonetheless maintains a public profile via MetaForce, the sixth incarnation of Forsage.
After initially collapsing, MetaForce has been relaunched as an NFT metaverse grift.
Yesterday MetaForce uploaded a “Uniteverse and & Forcecoin presentation” to its YouTube channel.
The presentation encompasses a theatrical introduction which, amusingly but additionally considerably disturbingly, portrays Okhotnikov as a messiah-like determine.
The outline of the YouTube video credit Bachana Chanturia with placing collectively the manufacturing’s music and dance ensemble.
Chanturia seems to be a well known Georgian dance teacher.
Whether or not the US has reached out to Georgian authorities but stays unclear. As of February 2023, an extradition treaty between the US and Georgia continues to be being negotiated.
For his or her half, Georgian authorities haven’t publicly taken any motion towards Okhotnikov.
Though US-based site visitors to Meta Pressure’s web site virtually doubled in February 2023, the US nonetheless solely accounts for 7% of complete MetaForce web site site visitors.
MetaForce is primarily energetic in Cameroon (32%), Ukraine (28%) and Russia (11%).
The Central Financial institution of Russia issued a MetaForce pyramid fraud warning in August 2022.