On August 1st the SEC filed civil fraud expenses in opposition to 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 Power Founder”.

You’d be improper for those who thought addressing the SEC’s lawsuit was a “burning query”.

The newest Meta Power 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. Via a mix of turning a blind eye to MLM associated securities fraud, restricted extradition treaties and non-cooperation with international regulation enforcement, Dubai offers a safe-haven for scammers.

Dubinin was joined by Beccy Cai, who he cited as “an enormous Chinese language chief”.

Cai, like Dubinin, joined the primary iteration of Forsage in 2020. Via “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 sooner or later moved to Canada.

Cai’s Chinese language origins type the premise of her herding Chinese language traders 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 group.”

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 embody lacking fee funds and delays with MetaForce’s deliberate NFT grift.

Lots of the issues come all the way down to implementation of MetaForce’s inside shitcoins; SFC, “vitality” 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 and marketing grift.

Lado states he hopes to go to China quickly to carry MetaForce promotional occasions.

I need to do it as a result of it is rather essential.

I did it earlier than as a result of… earlier than Forsage I labored myself in several community firms, and I all the time labored offline as a result of it’s extra highly effective.

I need 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 usually.

It’s essential present extra usually, in any other case the market is… y’know they get misplaced as a result of so many (indecipherable) issues. They usually bought misleaded [sic] by some false info 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 nations.

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 faux 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 presently tracks Russia as the highest supply of 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. Up to now Georgian authorities have proven little interest in regulating MLM associated securities fraud.

Whether or not Russian authorities take additional motion in opposition to Okhotnikov and Russian MetaForce promoters stays to be seen.