Financial regulators in the US have been reluctant to come down on cryptocurrency for fear of stifling innovation, but there’s nothing innovative about Forsage. The Securities and Exchange Commission (SEC) has filed charges against 11 individuals for running and promoting Forsage, which the SEC says is a “textbook pyramid and Ponzi scheme.”

Forsage

Source: Hot Hardware – Eleven Charged In Huge 0M Blockchain Pyramid Scheme As Crypto Continues To Crumble