Thursday, December 1, 2022
HomeNetwork MarketingCarlos Martinez & Alisha Shepperd settle Forsage Ponzi fraud

Carlos Martinez & Alisha Shepperd settle Forsage Ponzi fraud

Forsage promoter defendants Carlos Martinez and Alisha Shepperd have settled with the SEC.

Each Martinez’s and Shepperd’s settlements are partial.

That is finally a moot level, as each Martinez’s and Shepperd’s (proper) settlements

  • prohibit additional acts of securities fraud;
  • prohibit participation in pyramid schemes;
  • prohibit participation in “crypto asset securities” schemes (mainly any passive funding crypto opp);
  • prohibit them from claiming they didn’t violate federal securities legal guidelines; and
  • comprise to be decided disgorgement and civil penalty clauses (together with prejudgment curiosity backdated to June 2020)

Martinez signed consent for judgement on November seventeenth. Shepperd signed hers on November twenty first.

Judgment was ordered in opposition to Martinez on November twenty second. Judgment in opposition to Shepperd (proper) stays pending.

As of October thirty first, Shepperd was nonetheless selling crypto pump and dump scams on social media:

As per a Second Joint Standing Report filed on November twenty second, the SEC notes the Entry of Default beforehand granted in opposition to Forsage founder Lado Okhotnikov has been vacated.

Okhotnikov’s US based mostly legal professional entered an look on November twenty first. Okhotnikov has till November twenty third to file a solution to the SEC’s Criticism.

The SEC alleges Forsage was a $300 million Ponzi scheme.

Defendant Mikhail Sergeev, a Russian nationwide believed to be in Russia, has but to be served.

Of the seven Forsage Ponzi promoters the SEC sued again in August, solely Ronald R. Deering has but to settle.

Deering filed a movement requesting a 3rd extension of time to reply the SEC’s grievance on November sixteenth. The courtroom granted Deering’s request on November seventeenth.

The following Forsage listening to is scheduled for December eighth, 2022.


Most Popular

Recent Comments