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NEWS: US SEC busts $300M (€294M) crypto fraud scheme

By Alisha Houlihan for AMLi

On Monday, the SEC announced it would be charging Fosage, a Ponzi scheme, that operated for over two years, as well as its founders and promoters, as part of the investigation. 

In January 2020, Forsage launched its website, allowing millions of retail investors to transact via smart contracts on the Ethereum, Tron, and Binance blockchains, reports The Guardian. 

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