SEC charges 11 people in alleged $300 million crypto Ponzi scheme

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The company says that the SEC's charges are 'the nonsense of cryptocurrency newcomers' and 'not true.'

When reached for comment via its support chat line, a Forsage representative told PC Gamer that the SEC's charges are"the nonsense of cryptocurrency newcomers" and"not true."

Forsage.io allegedly worked with a group called the"Crypto Crusaders" to promote its services and gain new investors.in 2021. Forsage denied the allegations on YouTube and social media and continued to operate.

 

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Translation from CryptobroSpeak to English: 'Ayn Rand's ghost said we should be able to scam suckers with our fake money in what is totally a ponzi scheme but with computers. It's totally unfair when the government actually tries to enforce it's laws. Boohoo.'

sneaker ponzi

It's quite nice seeing crypto slowly burn with a lot of them finally being caught as scams.

Cryptocurrency and Ponzi are redundant terms.

All it's missing is the promise of Thousands of NFTs and it would have the complete Trifecta.

It's true. Cryptocurrency is nonsense.

Says the group that put a coat of digital paint on the same old scam.

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