The DOJ has stayed SEC civil proceedings in opposition to 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 prison case, each the SEC’s criticism and the prison indictment contain overlapping information and regulation.
Each the civil criticism and indictment additionally allege that the Founders structured and used the Forsage funding platform to function a Ponzi and pyramid scheme that benefited themselves.
America now seeks to intervene on this civil continuing in an effort to search a keep of discovery pending decision of the prison case.
Along with Okhotnikov (proper), Olena Oblamska (aka Lola Ferrari, “the goddess of Forsage”), Mikhail Sergeev (Improvement Director) and Sergey Maslakov (prime Russian promoter) had been additionally indicted.
Okhotnikov’s final identified location is Georgia (the nation). Sergeev and Maslakov are believed to reside in Russia. Oblamska’s final identified 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 period.
I think the SEC’s case may resume if solely Okhotnikov is apprehended. Okhotnikov nonetheless maintains a public profile by way of 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 incorporates 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 in opposition to Okhotnikov.
Though US-based visitors to Meta Power’s web site nearly doubled in February 2023, the US nonetheless solely accounts for 7% of whole MetaForce web site visitors.
MetaForce is primarily lively in Cameroon (32%), Ukraine (28%) and Russia (11%).
The Central Financial institution of Russia issued a MetaForce pyramid fraud warning in August 2022.
