On August 1st the SEC filed civil fraud fees towards Forsage co-founder Vladimir “Lado” Okhotnikov.
The regulator alleges Forsage is a $300 million greenback Ponzi scheme.
That very same day Okhotnikov doubled down and held a webinar titled, “Burning Query to Meta Drive Founder”.
You’d be fallacious should you thought addressing the SEC’s lawsuit was a “burning query”.
The newest Meta Drive webinar was hosted by serial scammer Vitaliy Dubinin.
Dubinin recognized himself because the “Worldwide Chief of MetaForce”.
Dubinin, believed to be an Israeli nationwide, is a serial promoter of Ponzi schemes.
Dubinin just lately relocated to Dubai. By means of a mix of turning a blind eye to MLM associated securities fraud, restricted extradition treaties and non-cooperation with international legislation enforcement, Dubai supplies a safe-haven for scammers.
Dubinin was joined by Becky Cai, who he cited as “an enormous Chinese language chief”.
Cai, like Dubinin, joined the primary iteration of Forsage in 2020. By means of “leopard Alliance”, Cai boasted of getting a Forsage downline of 200,000 traders.
For reference, MetaForce is the sixth Forsage reboot.
Cai claims to be initially from China however in some unspecified time in the future moved to Canada.
Cai exploits her heritage for private revenue. Whereas dwelling it up within the west, Cai herds Chinese language nationals overseas into Ponzi schemes.
Dubinin claims the MetaForce “organized this particular name to share the imaginative and prescient of MetaForce … (and) deal with the questions of the neighborhood.”
These questions primarily relate to withdrawal issues, lacking funds and future plans for the Ponzi scheme.
Lado guarantees to repair issues with MetaForce’s launch. These embrace lacking fee funds and delays with MetaForce’s deliberate NFT grift.
A number of the issues come all the way down to implementation of MetaForce’s inside shitcoins; SFC, “power” and an unnamed but to be launched token.
After the MetaForce NFT grift is launched, Okhotnikov plans to concentrate on launching a MetaForce metaverse advertising grift.
Lado states he hopes to go to China quickly to carry MetaForce promotional occasions.
I wish to do it as a result of it is vitally essential.
I did it earlier than as a result of… earlier than Forsage I labored myself in numerous community corporations, and I all the time labored offline as a result of it’s extra highly effective.
I wish to go to China as a result of I’ve some plans to work with China.
At one level within the webinar Cai urges Okhotnikov to speak with MetaForce traders extra typically.
It’s essential to present extra typically, in any other case the market is… y’know they get misplaced as a result of so many (indecipherable) issues. They usually acquired misleaded [sic] by some false data on a regular basis.
Whether or not Cai is referencing the the SEC enforcement motion is unclear.
Within the wake of the SEC’s lawsuit, it definitely seems Dubinin, Cai and Okhotnikov are focusing their recruitment efforts in non-English talking international locations.
No US Forsage leaders had been current on the webinar. Nor was the US or SEC enforcement motion talked about.
For now it seems Okhotnikov and Forsage leaders like Dubinin and Cai, intend to fake the SEC’s lawsuit doesn’t exist.
Information of the SEC’s Forsage lawsuit was carried by mainstream media globally. Whether or not that included Chinese language media is unclear.
SimilarWeb at the moment tracks Russia as the highest supply of site visitors to MetaForce’s web site. Yesterday the Central Financial institution of Russia issued a MetaForce pyramid scheme fraud warning.
Okhotnikov is a Russian nationwide dwelling in Tbilisi, Georgia. To date Georgian authorities have proven little interest in regulating MLM associated securities fraud.
Whether or not Russian authorities take additional motion towards Okhotnikov and Russian MetaForce promoters stays to be seen.
