https://techcrunch.com/2022/08/01/crypto-fraud-scam-forsage-ponzi-pyramid-scheme-sec-regulators-crackdown/ > U.S. regulators are seizing their moment during this ongoing crypto bear market to crack down on bad actors in the space as many investors are already souring on the asset class. > The U.S. Securities and Exchange Commission charged 11 people today in connection with Forsage, a crypto project that raised over $300 million from “millions of retail investors worldwide,” the agency announced today. The individuals charged include the project’s four founders — Vladimir Okhotnikov, Jane Doe aka Lola Ferrari, Mikhail Sergeev, and Sergey Maslakov — who were last sighted in Russia, Georgia and Indonesia. Several members of the “Crypto Crusaders,” a group that promoted the scheme in at least five different U.S. states were also charged, according to the announcement.