June 30, 2020
ENFORCEMENT AND INVESTOR PROTECTION DEPARTMENT
SEC ADVISORY
Based on numerous reports and information gathered by the Commission, the entity operating under the name FORSAGE, headed by LADO OKHOTNIKOV, is found to be engaged in investment-taking activities in the Philippines which is NOT AUTHORIZED by the Commission. CAIHTE
Operators of FORSAGE asserts that its program is designed as a Crowdfunding International Platform or a Smart Contract Crypto Earning Program based on the Ethereum blockchain technology which apparently provides a long-term active and passive income to investors through its crowdfunding referral system that appears to be a secured, scam-free, and inexpensive investment yet assuring a lucrative return with little or no risk.
FORSAGE claims that its program will continue to function even if its website "www.forsage.io" is closed for any reason. It even implied that the Government cannot shut it down because it is decentralized and thus free from any authority.
As posted online, FORSAGE offers Twelve (12) investment slot packages or levels for its Two (2) Commission Payout Systems or Compensation Plans referred as the "X3" and "X4 Partner...
