In a new MetaForce video published on August 17, Vladimir “Lado” Okhotnikov, the proprietor of Forsage, says the following: In this video, I will discuss the steps MetaForce is taking in response to the SEC’s request to defend its stance.
I accessed the case docket, assuming that this indicated Okhotnikov had answered the SEC’s August 1st accusation of securities fraud. Nope. So um, what’s Okhotnikov going on about? Despite being supported by numerous pages of evidence, Okhotnikov asserts that the SEC’s complaint is filled with “unfounded assertions” that are “not supported by anything.” Okhotnikov asserts that the SEC is unaware of “how the blockchain works.”
Notably, the SEC has filed a lawsuit against Forsage and Okhotnikov for securities fraud and operating a Ponzi scheme. Whether or not “the blockchain” works is irrelevant.
Okhotnikov states, in response to Forsage’s alleged response to a 2020 securities fraud investigation and warning by the Philippine SEC, We changed the word “reinvestment” to something similar to “invest”, “investment”, etc., so that no one would confuse Forsage with an investment initiative.
We have also altered numerous additional words on the website and in our publications to prevent confusion. This is referred to as “false compliance” (similar to when a YouTube scammer tells you “this is not financial advice”).
When investigating suspected fraud, regulators consider marketing but focus largely on the business strategy. If you are operating a fraudulent investment scheme, hiding investment terms serves no purpose.
Okhotnikov continues; Although everyone in network marketing is familiar with and has always believed the term “reinvest” to be suitable, this would never indicate that we are discussing an investment program. This must be some type of peculiar Russian reasoning. I am confused by this.
Okhotnikov continues by explaining how securities fraud ceases to exist. Forsage described as “confusing” the call he received from Montana. He appears to have difficulty comprehending that security fraud is criminal in both the Philippines and the United States.
He (Montana) did not even bother to do a cursory examination of Forsage; instead, he simply copied the entire Philippine SEC. For some reason (Montana), I believe that everyone, including myself, must adhere to the material on his website.
Furthermore, it is unclear what was intended by the demand to halt. Okhotnikov asserts that both the Philippine SEC and Montana CSI were “incompetent” in regulating Forsage for securities fraud because they did so.
In August, the US SEC made public knowledge of the claims. They have demonstrated the same amount of stupidity in regards to blockchain, network marketing, and disagreement in general. In addition to responding to their comments, I also consider our approach to everything.
At the time of writing, Okhotnikov has not filed a response to the SEC’s case against him. Okhotnikov is moving on with MetaForce as opposed to filing a response and proving that Forsage was not a $300 million Ponzi scheme. Forsage is the sixth relaunch and current version of the game.
We are strengthening our position and modifying the framework. This truly represents a revolution in our area. You will not find any direct or indirect depictions of a financial pyramid in MetaForce. Product-driven marketing We are putting together a variety of items.
These tokenized objects are both real and elements of the metaverse. Adding products to a Ponzi scheme obviously does not alter the business strategy. Like adcredits of the past, MetaForce’s metaverse products will not alter the company’s cash flow.
Moreover, regardless of what Okhotnikov does or does not do with MetaForce, the SEC has already filed suit. Two and a half years of deception involving $300 million cannot be undone.
In the absence of an official reaction from Okhotnikov or additional meltdown videos, we will keep you informed.
Awakend & Zenith – Crook Review Part 3
Mickey Burns, a BehindMLM reader, contacted me earlier today to let me know.
This blog’s content is fantastic, and it has really aided me throughout the years.
She also criticized our coverage of Awakend’s prelaunch, notably their leptin supplement Zenith.
Oz, the white paper is available on the internet. Even a cursory Google search will reveal how the hormone Leptin functions.
This encouraged me to visit Awakend’s new website (which didn’t exist at the time I covered the company’s prelaunch) and download a copy of their “whitepaper” (tell me you’re a crypto bro without telling me you’re a crypto bro).
You’ll see in the opening paragraph of the whitepaper report that it’s a 2008 study released in 2009. In other words, the research was carried out fourteen years before Zenith existed.
The next thing you’ll notice is that “Zenith” has been edited in, thus doctoring the published paper.
This renders it ineffective.
What was the original study’s purpose, as published? Is Zenith based on the same formula? Are the researchers okay with having their study doctored?
I’m not well-versed in academic process, but I can’t image doctoring published articles going over well. I know I’d be upset if someone took a published research with my name on it and changed it.
Awakend should publish the original study and include an update showing Zenith employs the exact same formula as examined in 2008.
Looking at the document’s attributes, we can see that it was last modified on August 12th, 2022 by Ashlee Headlee.
Ashlee Headlee James manages Awakend’s exclusive business Facebook community. Her precise function inside the organization has not been revealed.
Awakend’s website has no information about the company’s ownership or executives. Compensation paperwork is also missing, as recruiting is presently the company’s only priority.
The full Awakend evaluation of BehindMLM is pending the introduction of the company’s pay plan.
Awakend has updated the doctored study with a blanked out version of the original as of August 27th, 2022.
The following remark appears to have been added to the supplied 2008 research in reaction to this article;
The 2008 research referred to Trisynex, as stated in the comments below.
Roger Catarino sells Trisynex through First Fruits Business Ministry LLC.
The claim by Awakend to have “exclusive worldwide rights” is dubious because Trisynex-containing products exist and have been accessible for some time.
At the time of this update, Awakend had not addressed the availability of Trisynex in competitor products.
1st September 2022 – Update Because of the uncertainty surrounding Awakend’s assertions that Zenith is an exclusively licensed recipe, formulator Vietal Nutrition issued a statement.
Unfortunately, this has simply generated additional suspicions about Zenith’s exclusivity.
9th September 2022 – Update First Fruits Business Ministry has issued a stop and desist letter to Awakend about its Zenith marketing claims.
TriPharma (dba Vietal Nutrition) has achieved the appointment of a Receiver as of September 14, 2022.
FFBM will be placed under the control of the Receiver. The funds generated will be used to pay TriPharma’s 2013 judgment against FFBM.
Awakend has also deleted the previously supplied Trisynex research from its website, unless I’m mistaken.
SEC & Forsage – Crook Review
The SEC has moved to provide alternate service to three of Forsage’s four founders.
Vladimir “Lado” Okhotnikov, Lola Ferrari, and Sergey Maslakov all live in other countries.
Okhotnikov, Vladimir “Lado”
According to the SEC;
Okhotnikov is a Russian citizen who is thought to be living in Tbilisi, Republic of Georgia. He is the operation’s public face, hosting many of its YouTube videos and participating in interviews with key promoters.
Okhotnikov engages with Forsage investors and promoters on a daily basis via Forsage and, more recently, Meta Force social media, YouTube, and Telegram.
Okhotnikov also has personal social media profiles via which he communicates, including Instagram, Facebook, VK, Telegram, and Twitter. He also has his own personal website.
Okhotnikov has stated on his Instagram profile that he is “constantly traveling,” and he appears to have visited Indonesia, Dubai, and Peru in the last two years.
During the inquiry, the Commission received a copy of Okhotnikov’s passport, which indicated him to be a Russian citizen but had no residence.
Despite attempts by Commission employees, the Commission is unsure of Okhotnikov’s present address.
He did, however, imply that he was in Georgia in both his August 19 and August 22 Instagram postings, and he reposted those same images on Facebook.
Similarly, he indicated that he was in Georgia in an interview he conducted on August 8, 2022, following the filing of the Commission’s Complaint in this situation.
According to the SEC;
Maslakov is said to live in either Gelendzhik or Moscow, Russia. He has mostly appeared in Forsage Russian-language commercial films.
Foris DAX, the parent company of crypto exchange Crypto.com, provided the SEC with Maslakov’s email address and “last known whereabouts.”
Maslakov’s email address is firstname.lastname@example.org, according to the account information obtained by Crypto.com.
The records also show that Maslakov visited his account from an IP address in Moscow, Russia, during 2021.
Maslakov’s present physical address and whether he is still in Russia are unknown to the Commission.
Furthermore, despite Internet searches, subpoenas, and voluntary inquiries to third parties, the Commission was unable to locate his actual address.
We suspect he is in Russia since he cites Russia as his location on his Facebook and VK profiles, and he accessed his Crypto.com account from a Russian IP address.
According to the SEC;
Ferrari, whose true identity is unknown but who goes by the name “Lola Ferrari,” is said to be a Russian national living in Bali, Indonesia.
She refers to herself as Forsage’s “goddess” and has starred in several of its advertising films.
The Commission’s officials established that Ferrari’s principal social media account is her Instagram profile during the inquiry.
Ferrari advertises Forsage on this website. She has also uploaded photos and videos that indicate she is in Bali, Indonesia.
Despite several efforts, the Commission has no knowledge of Ferrari’s present address or if she is still in Indonesia.
With Maslakov in Russia and Lola Ferrari in Indonesia, Hague Convention service is no longer available.
Although Georgia is a signatory, because the SEC does not know Okhotnikov’s address, service under the Hague Convention is also ruled out.
As an alternative, the SEC is offering Maslakov service via email. Service on Okhotnikov and Ferrari will be carried out through social media.
The Commission intends to serve Okhotnikov and Ferrari by direct messages to their Instagram accounts, as well as Okhotnikov via direct messages to his Facebook and Twitter accounts.
Okhotnikov is still active on Facebook, where he posts about his life in Georgia:
Okhotnikov was last seen in Borjomi, a vacation town in central Georgia, according to a Facebook post from August 25th.
He’s also active on Meta Force’s YouTube channel, where he posts bizarre conspiracy theories and justifications for why investor cash and withdrawals are still frozen.
Lola Ferrari has made her Instagram account private since being accused by the SEC.
In support of their request, the SEC claims Okhotnikov is “indisputably” aware of the complaint.
Okhotnikov reacted directly to the claims in the Complaint via a video message aired online after the Commission filed action.
Following that, he gave an eighteen-minute interview on his Meta Force YouTube channel in which he denied the charges in the Commission’s complaint.
Authorizing service on a defendant via social media is especially acceptable when the defendant is clearly aware of the situation.
the case against him
Okhotnikov is already aware of the litigation against him, making such alternative service much more necessary.
Ferrari’s decision to make her Instagram page private implies she is aware of the litigation.
On September 2nd, the court granted the SEC’s motion for alternate service. The SEC verified service against Maslakov through email later that day.
Mikail Sergeev is Forsage’s fourth co-founder. Sergeev, according to the SEC, also resides in Moscow, Russia.
I’m not clear why Sergeev was omitted from the SEC’s motion, but I presume it was due to an inability to validate his personal information (email etc.).
The SEC has confirmed alternate service on Lola Ferrari and Lado Okhotnikov on September 9th and 13th, respectively.
Both defendants have till September 26th to respond.
Okhotnikov hasn’t posted anything on social media since August 27th. Since September 1st, there have been no MetaForce updates.
Dot Dot Smile – Crook Review Part 2
Dot Dot Smile has declared bankruptcy, two and a half months after discontinuing its MLM opportunity and going wholesale.
On September 3rd, Dot Dot Smile filed for Chapter 11 bankruptcy in California.
According to the statement, Dot Dot Smile has $4.4 million in assets and $5.6 million in debt.
The following companies are Dot Dot Smile’s major creditors:
Gary Thompson – $200,000 (apparently a family loan)
CloudFund LLC (debt management firm) – $325,000
Mirror Fashion Company $1.5 million in Hong Kong
$600,000 for Nano (no details supplied).
Network Ventures LLC (contract violation) – $353,846
Nothing MLM-related shows on Dot Dot Smile’s file, at least not outside of the corporate side of things.
According to a BerhindMLM reader, as of July 31st, 2022,
Since May, no one has been paid. Thousands of dollars are owing to certain persons. They fired everyone on their team.
The cynic in me finds it difficult to perceive Dot Dot Smile’s bankruptcy as anything other than premeditated.
Nicole and Jeff Thompson (right) of the company presumably knew bankruptcy was imminent and reasoned that they needed to sell the MLM firm before filing.
Without the MLM possibility, there was definitely no intention of ever continuing Dot Dot Smile.
I might be wrong, but Dot Dot Smile suddenly being $5.6 million in debt in three months does not seem realistic.
I’m not sure how any of this works legally. Even if everything is legal, it reflects poorly on the Thompsons in terms of openness and Dot Dot Smile’s distributors.
Dot Dot Smile’s State of Financial Affairs report is expected on September 19th. A creditors’ meeting has been arranged for October 12th.
Nicole Thompson, the daughter of co-founders DeAnne and Mark Stidham, is connected to Dot Dot Smile.
It is unknown whether Dot Dot Smile’s bankruptcy filing has had or will have any influence on LuLaRoe’s business operations.
Uncategorized6 months ago
Meta Labs- Crook Review
Uncategorized9 months ago
Meta Bounty Hunters- Crook Review
Uncategorized11 months ago
AuLives: Crook Review
Uncategorized9 months ago
Full Velocity- Crook Review
Uncategorized10 months ago
Nu Xtrax- Crook Review
Uncategorized9 months ago
FastBNB- Crook Review
Uncategorized10 months ago
A new Ponzi token called HVT caused Hyperverse to fall apart
Uncategorized9 months ago
VsafeCustody- Crook Review