Lado Okhotnikov: Securities regulators don’t understand law
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.
In a series of Facebook videos published earlier this month, Okhotnikov (right) stated;
Hi friends … there’s another important question.
It is associated with some officials who mislead people and scare our participants.
It all started with the Philippine Commission, whose statement was picked up by other [sic] without bothering to verify the authenticity.
Now the Commissioner from the Montana USA has joined the libel against Forsage.
We must react because it scares our participants.
In addition to the fact that we are preparing both a legal response and a public statement, we decided to strengthen the protection in the Forsage concept itself.
Therefore we are faced with new tasks that require tremendous work.
Okhotnikov’s statements were made on April 21st. It is my understanding that no legal response or public statement has been issued.
It is again my understanding that in both instances, neither Forsage or Okhotnikov bothered to respond.
Why should be obvious. Baseless claims of libel aside, Forsage and its reboots are securities offerings.
Neither Forsage or Okhotnikov are registered to offer securities in any jurisdiction, because all of Okhotnikov’s scams are Ponzi schemes.
Okhotnikov is currently stringing what’s left of Forsage along with promises of a relaunch on Binance’s Smart Chain.
The Binance Smart Chain reboot of Forsage has yet to be named. Okhotnikov has however revealed the Ponzi reboot will be based on the Binance USD (BUSD) stablecoin.
Okhotnikov has announced he expects Forsage’s Binance Smart Chain reboot to launch sometime in May.
Update 16th May 2021 – Forsage’s Binance Smart Chain reboot has been launched as Forsage BUSD.
Update 5th August 2022 – The SEC has filed securities fraud charges against Vladimir “Lado” Okhotnikov. Ten additional Forsage insiders and US promoters have also been sued.
The SEC alleges Forage and its various together formed a $300 million dollar Ponzi scheme.