Forsage @ BehindMLM

Following coverage of Lado Okhotnikov announcing a Forsage Binance Smart Chain reboot a fortnight ago, details have emerged. The reboot is going by Forsage BUSD and is the fifth Ponzi scheme launched under the Forsage brand. Forsage BUSD follows Forsage, Fortron, Forsage Tron and Forsage XGold – all of which have collapsed. Okhotnikov is believed [Continue reading…]

Collapsed Forsage Ponzi scheme founder Lado Okhotnikov, evidently believes securities regulators don’t understand securities law. Okhotnikov’s claims follow two securities fraud warnings issued against Forsage over the past twelve months.

Forsage has been issued a securities fraud cease and desist from Montana’s Commissioner of Securities and Insurance.

Forsage XGold is part of Lado Okhotnikov’s stable of Forsage branded Ponzi schemes. According to his Facebook profile, Okhotnikov is based out of Moscow, Russia. Okhotnikov (right) describes himself as “the king of decentralized MLM”. “Decentralized MLM” being code for crypto Ponzi schemes. Launched in April 2020, by September or so Forsage had gone into [Continue reading…]

Forsage is an ethereum smart-contract Ponzi scheme put together by Lado Okhotnikov. According to his Facebook profile, Okhotnikov is based out of Moscow, Russia. Okhotnikov (right) describes himself as “the king of decentralized MLM”. “Decentralized MLM” being code for crypto Ponzi schemes. Launched in April 2020, by September or so Forsage had gone into decline. [Continue reading…]

Fortron provides no information about who owns or runs the company on its website. Fortron’s website domain (“fortron.io”) was privately registered on August 14th, 2020. Based on the company name and nature of the business, I suspected Fortron to be a reboot of the Forsage gifting scheme. I was able to confirm this by way [Continue reading…]

The Philippines SEC has issued a fraud warning against the Forsage gifting scheme. They’ve also outed Lado Okhotnikov as owner of the scam.

Forsage provides no information on its website about who owns or runs the company. In fact Forsage claims it doesn’t have an admin. The project Forsage no admin. This is of course baloney, as someone obviously set up the company’s website and runs and profits from it. The presence of Russian on Forsage’s default English [Continue reading…]