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It appears that Forsage co-founder Vladimir “Lado” Okhotnikov has made an effort to respond to the SEC’s Forsage fraud complaint.

Okhotnikov resorts to feigning ignorance after learning the hard way that Forsage’s business is a Ponzi scam.

Meta Force’s official YouTube channel now features a video of Okhotnikov discussing the SEC case filed against him.

Posted on YouTube on August 9 with the title “TV Interview: SEC Claims Are Unfounded!,” the clip has racked up over 4,000 views so far.

This is hardly the kind of in-depth interview in which Okhotnikov would be subjected to intense pressure to address the claims made against him in the SEC’s case.

Okhotnikov begins his interview by saying he “figured out that Russia is a criminal country” and relocated to Georgia as a result.

Okhotnikov claims to be the owner of a vehicle business in the area, in addition to operating Ponzi schemes.

With the small talk out of the way, Okhotnikov moves on to discuss the SEC’s complaint against Forsage.

Okhotnikov starts by outlining his definition of a “financial pyramid.” It turns out this is the precise business strategy that Forsage uses.

A financial pyramid occurs when one investor benefits at the expense of subsequent investors.

Say, for instance, you decide to participate in the initiative and provide a financial contribution. You know this endeavor will return some of your investment, if not more.

However, how exactly?

You are compensated at the expense of the person who joins the enterprise and invests with you.

How does he get compensated, though?

As a result of the loss of the person who was supposed to join the project next.

This whole thing is bogus since the plan doesn’t function. It’s not true. Such an endeavor will inevitably fail.

What I just explained is a financial pyramid plan known as a Ponzi scam.

BehindMLM’s published reviews will confirm this is how Forsage and its five reincarnations are supposed to function.

Psychic Predictions (April 2020)

Fortron (September 2020) (September 2020)

It’s a ForsageTron (March 2021)

Gold Forsage (March 2021)

T. Forsage, B. U. S. D. (May 2021) combined with the MetaForce (July 2022)

According to Okhotnikov, Meta Force is Forsage’s “perfected” evolution.

Okhotnikov explains the specifics of Forsage’s business plan before claiming that it “does not have anything to do with Forsage.”

Okhotnikov claims that even though it has collapsed five times and been rebooted six times;

The Forsage system has been operational for over two years, and its underlying mechanism can continue to do so indefinitely.

In a strict sense, he is correct. While a Ponzi scheme can be restarted indefinitely, the cumulative losses suffered by its victims will remain constant over time.

Simply erasing all monetary losses suffered by victims and starting over is not the same as having none.

Strangely, after he labels Forsage’s business model as an investment contract, he claims the SEC’s case “does not have a foundation at all”.

Okhotnikov claims that Forsage doesn’t have any investors since he has already exposed the company’s business plan as a Ponzi scam.

Our contributors are incorrectly referred to as “the investors,” even though this is not an investment venture.

It’s also being called a Ponzi scheme since some individuals assume the money went to the top executives. The opposite is true.

Not much further information is given by Okhotnikov. Later, he says he “doesn’t know” if there are any victims of Forsage.

A smart contract. There can’t be victims, right? Bring them to me.

The flawless operation of the smart contract means that nobody has to suffer.

Okhotnikov kept his straight face when asked if he anticipated being jailed.

Why I should be arrested is beyond me. None of the rules have been breached by me.

I realize that American law is complex since it varies from state to state, but our company has no connection to the authority of the United States. Thus, I have no anxiety about the current scenario.

I think Okhotnikov is making a point about the lack of an extradition treaty between the United States and Georgia. It’s unknown if Okhotnikov and his cohorts have been indicted.

Okhotnikov claims that he vanished in 2021 after learning of a Forsage Securities fraud stop and desist order in Montana.

It’s important to know that Ponzi schemes are prohibited in Georgia just as they are in every other country. Securities across the country are governed by the Georgian Central Bank.

Despite the CBG’s knowledge of the prevalence of nationwide Ponzi schemes in the investing sector,

So yet, Georgian authorities have not taken any visible action against Okhotnikov or his Forsage Ponzi scheme, which allegedly swindled investors out of $300 million.

Okhotnikov hints in the interview that the CBR may have conducted an internal probe into Forsage;

The bank has already prepared a list of questions for me to answer. The company conducts routine checks, etc.

Quickly after the incident, representatives from the IRS and the SEC arrived.

Since there is nothing wrong with me, I am maintaining a steady state of serenity.

At the end of our conversation, Okhotnikov resorted to the age-old “purchase everybody else is doing!” bogus excuse.

There are a lot of initiatives like this, but the SEC wasn’t interested in them.

They have always been around, even before Forsage. Since Forsage is still employed, obviously not.

First and foremost, several online scams are common. The quantity of fraud is enormous.

Since they are so evasive, the SEC has little interest in pursuing them.

Leaders can cash in on their millions and move on to greener pastures. In other words, SEC does not actively work to prevent them from happening.

Some of the comments on Okhotnikov’s interview were as expected as the names of the commentators, while others provided the opposition.

Okhotnikov is “confident in (his) triumph,” even though he has yet to respond to the SEC’s Forsage action against him.

Even though two US promoters have already settled Forsage fraud claims against them, Okhotnikov did not address them.

After the interview was published, Okhotnikov had a crypto bro meltdown on Meta Force’s channel on August 10.

The United States passed legislation against securities fraud in the 1930s. In addition to being unlawful in the United States, it is also prohibited in every other nation that has a regulated financial industry, even though these laws were enacted at different periods.

According to SimilarWeb, the majority of visitors to the Meta Force site come from Russia (26%), the United Kingdom (23%), and Georgia (6%).

On August 5th, the Russian Central Bank issued a warning about a pyramid scheme called Meta Force.

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