In a brand new August seventeenth MetaForce video, Forsage proprietor Vladimir “Lado” Okhotnikov states;
On this video I’ll discuss concerning the actions that MetaForce is taking to defend its place within the context of the SEC.
Figuring this meant Okhotnikov had responded to the SEC’s August 1st securities fraud Grievance, I pulled up the case docket.
Nope.
So um, what’s Okhotnikov banging on about?
Regardless of being primarily based on pages and pages of proof, Okhotnikov maintains the SEC’s criticism is filled with “unfounded claims” which are “not primarily based on something”.
Okhotnikov claims the SEC doesn’t perceive “how the blockchain works”.
It ought to be famous the SEC has sued Forsage and Okhotnikov for committing securities fraud and working as a Ponzi scheme. How “the blockchain” does or doesn’t work is irrelevant.
Addressing Forsage’s purported response to a 2020 securities fraud investigation and warning by the Philippine SEC, Okhotnikov states;
We changed the phrase “reinvestment” … in order that there could be no phrase “make investments”, “funding” and many others., in order that nobody confuse Forsage with any funding venture.
We’ve got additionally modified many different phrases on the positioning and in our supplies, to keep away from misunderstandings.
This is called pseudo-compliance (just like when a YouTube scammer tells you “this isn’t monetary recommendation”).
When regulators examine suspected scams, they have a look at advertising and marketing however primarily look at the enterprise mannequin. Hiding funding phrases doesn’t imply something in case you’re operating a fraudulent funding scheme.
Okhotnikov continues;
Though the phrase “reinvest” is understood to everybody in community advertising and marketing and has all the time been thought of an applicable phrase, this might by no means suggest that we’re speaking about funding program.
This have to be some weird type of Russian logic I’m not following.
Okhotnikov goes on to state how the securities fraud stop and desist Forsage acquired from Montana left him “confused”. He appears to be having bother greedy securities fraud being unlawful in each the Philippines and the US.
He (Montana) didn’t even trouble with a superficial examine of Forsage and easily copied every thing from the Philippines SEC.
For some purpose (Montana) suppose that I and everybody should comply with the knowledge on his website. And it isn’t very clear what was meant by the requirement to cease.
Okhotnikov maintains that as a result of they regulating Forsage for securities fraud, each the Philippine SEC and Montana CSI are “incompetent”.
In August it turned recognized concerning the claims already, from the US SEC. They’ve proven the identical degree of incompetence in issues of blockchain, community advertising and marketing and on the whole the topic of the dispute.
And I not solely reply them however am additionally contemplating our strategy to every thing.
Once more BehindMLM can verify that, at time of publication, Okhotnikov has not filed a response to the SEC’s criticism towards him.
As a substitute of submitting a response and proving Forsage wasn’t a $300 million greenback Ponzi scheme in court docket, Okhotnikov is pushing forward with MetaForce.
MetaForce is the sixth reboot and present iteration of Forsage.
We’re strengthening our place … we’re altering the construction. This can be a actual revolution in our subject.
You’ll not discover in MetaForce, not solely direct however even oblique scenes of a monetary pyramid.
Advertising and marketing is predicated on merchandise. We’re getting ready a number of sequence of merchandise. These are tokenized issues, each actual and options of the metaverse.
Evidently including merchandise to a Ponzi scheme doesn’t change the enterprise mannequin. Like adcredits of previous, MetaForce’s metaverse merchandise received’t change the circulation of cash inside the firm.
And no matter what Okhotnikov does or doesn’t do with MetaForce – the SEC’s lawsuit has already been filed. $300 million in monetary fraud throughout two and a half years can’t be undone.
Pending an precise filed response from Okhotnikov or extra meltdown movies, we’ll hold you posted.
