7 USA Promoters involved:
Mark F. Hamlin, of Henrico, Va. for receiving $565,828
Alisha R. Shepperd, of Dunedin, Fla. for receiving $549,075
Carlos L. Martinez, of Chicago, Ill. for receiving $462,925
Cheri Beth Bowen, of Pelahatchie, Miss. for receiving $303,000
Ronald R. Deering, of Coeur d’ Alene, Idaho for receiving $267,075
Sarah L. Theissen, of Hartford, Wis. for receiving $130,118
Samuel D. Ellis, of Louisville, Ky. for receiving $72,405
MLM Blacklist members Faith Sloan, Vitaly Dubinin and Ankur Agarwal are not charged, all-though deep involved.
The SEC press release:
Washington D.C., Aug. 1, 2022 — The Securities and Exchange Commission today charged 11 individuals for their roles in creating and promoting Forsage, a fraudulent crypto pyramid and Ponzi scheme that raised more than $300 million from millions of retail investors worldwide, including in the United States.
Those charged include the four founders of Forsage, who were last known to be living in Russia, the Republic of Georgia, and Indonesia, as well as three U.S.-based promoters engaged by the founders to endorse Forsage on its website and social media platforms, and several members of the so-called Crypto Crusaders—the largest promotional group for the scheme that operated in the United States from at least five different states.
According to the SEC’s complaint, in January