{"investigation":{"slug":"forsage-olena-oblamska","entity_name":"Forsage / Olena Oblamska","trust_score":0,"severity_base":null,"score_modifier":-12,"confidence":0.95,"status":"published","content_type":"investigation","summary":"Forsage was a smart-contract-based pyramid and Ponzi scheme launched in January 2020 that raised approximately $340 million from investors worldwide across the Ethereum, Tron, and Binance Smart Chain networks. Four founders — including Ukrainian national Olena Oblamska (known online as 'Lola Ferrari') and Russian national Vladimir Okhotnikov (known as 'Lado') — were indicted by the U.S. DOJ in February 2023 on conspiracy to commit wire fraud charges. As of May 2026, Oblamska has been extradited from Thailand and has pleaded not guilty, with a jury trial scheduled for July 14, 2026; the remaining three co-founders are believed to be at large.","sections":[{"content":"Forsage was launched in January 2020 by four individuals: Vladimir Okhotnikov (alias 'Lado'), Olena Oblamska (alias 'Lola Ferrari'), Mikhail Sergeev (aliases 'Mike Mooney', 'Gleb', 'Gleb Million'), and Sergey Maslakov. The platform operated via Forsage.io and presented itself as a 'decentralized matrix project' built on smart contracts and network marketing principles. Forsage deployed smart contracts on the Ethereum blockchain first, later expanding to the Tron and Binance Smart Chain networks. The founders and promoters marketed Forsage to retail investors globally as a safe, transparent, and lucrative investment opportunity, claiming that '100% of the income goes directly and transparently to the members of the project with zero risk.' The U.S. SEC and DOJ have alleged these representations were false.","heading":"Overview and Origins","sources":[{"url":"https://www.justice.gov/archives/opa/pr/forsage-founders-indicted-340m-defi-crypto-scheme","name":"DOJ: Forsage Founders Indicted in $340M DeFi Crypto Scheme","type":"regulatory","credibility":1},{"url":"https://www.sec.gov/newsroom/press-releases/2022-134","name":"SEC: Charges Eleven Individuals in $300 Million Crypto Pyramid Scheme","type":"regulatory","credibility":1}],"severity":"critical"},{"content":"Forsage operated two primary matrix-style programs known as X3 and X4 (later expanded with an 'xGold' program), each structured as a recruitment-driven pyramid. Participants were required to pay cryptocurrency to purchase 'slots' at various levels. Funds paid by newly recruited participants flowed automatically through the smart contract to earlier participants, replicating the classic Ponzi structure in which earlier investors are paid using capital from later investors rather than any underlying business activity. In the X3 matrix, a user had to recruit three additional participants to recoup their initial investment in each slot; any recruits beyond three generated income for the recruiting user and those above them in the hierarchy. After filling a slot, the slot was blocked and the user was required to pay to advance to the next level, ensuring continued capital flow upward. Peer-reviewed academic analysis published in May 2021 by researchers from Cornell Tech (Tyler Kell et al.) found that approximately 88% of Forsage participants on the Ethereum program sustained financial losses, while a small number of early, top-level participants generated multi-million-dollar gains. U.S. prosecutors further alleged that at least the xGold smart contract on Ethereum was coded to covertly siphon investor funds into cryptocurrency wallets under the founders' control, directly contradicting the platform's transparency claims.","heading":"Pyramid and Ponzi Scheme Mechanics","sources":[{"url":"https://arxiv.org/abs/2105.04380","name":"Forsage: Anatomy of a Smart-Contract Pyramid Scheme (Cornell Tech / arXiv 2021)","type":"research","credibility":2},{"url":"https://www.justice.gov/archives/opa/pr/forsage-founders-indicted-340m-defi-crypto-scheme","name":"DOJ: Forsage Founders Indicted in $340M DeFi Crypto Scheme","type":"regulatory","credibility":1},{"url":"https://therecord.media/defi-ponzi-scheme-four-russians-indicted","name":"The Record: Russians accused of using DeFi platform for $340 million Ponzi scheme","type":"news_article","credibility":2}],"severity":"critical"},{"content":"The U.S. DOJ's February 2023 indictment alleged that Forsage raised approximately $340 million from victim-investors worldwide. The earlier SEC civil complaint in August 2022 cited losses of more than $300 million. Blockchain analysis conducted in support of the prosecution showed that more than 80% of investors in the Ethereum-based program received less cryptocurrency than they invested, and more than half received no payout whatsoever. The scheme attracted millions of participants globally. The Philippines was among the most heavily impacted jurisdictions; the Philippine SEC issued one of the earliest regulatory warnings and documented a daily turnover exceeding $3 million in Forsage activity shortly after its warning. The scheme was promoted across social media platforms, YouTube, webinars, and multilevel marketing networks, with concentrated recruitment activity in national communities in the Philippines, Russia, and across Eastern Europe and Southeast Asia.","heading":"Scale of Losses and Victim Impact","sources":[{"url":"https://www.sec.gov/newsroom/press-releases/2022-134","name":"SEC: Charges Eleven Individuals in $300 Million Crypto Pyramid Scheme","type":"regulatory","credibility":1},{"url":"https://www.justice.gov/archives/opa/pr/forsage-founders-indicted-340m-defi-crypto-scheme","name":"DOJ: Forsage Founders Indicted in $340M DeFi Crypto Scheme","type":"regulatory","credibility":1},{"url":"https://www.philstar.com/business/2022/08/08/2200995/filipinos-among-victims-300-million-pyramid-scam","name":"Philstar: Filipinos among victims of $300 million pyramid scam","type":"news_article","credibility":2},{"url":"https://arxiv.org/abs/2105.04380","name":"Cornell Tech arXiv: Forsage Anatomy of a Smart-Contract Pyramid Scheme","type":"research","credibility":2}],"severity":"critical"},{"content":"Forsage attracted regulatory scrutiny well before U.S. federal enforcement. On September 27, 2020, the Securities and Exchange Commission of the Philippines issued a cease-and-desist order against Forsage, finding that it solicited investments illegally, was not registered as a corporation or partnership in the Philippines, and was not qualified to operate as a crowdfunding entity. The Philippine order also noted Forsage's failure to register with the Bangko Sentral ng Pilipinas. In March 2021, the Montana Commissioner of Securities and Insurance issued its own cease-and-desist order, formally labeling Forsage a scam. Despite both orders, the founders and their promotional networks continued operating and actively denied the regulatory findings through YouTube videos and other public-facing content. The SEC's 2022 complaint specifically cited this continued promotion after regulatory warnings as evidence of the defendants' willful conduct.","heading":"Early Regulatory Actions (2020–2021)","sources":[{"url":"https://pia.gov.ph/news/articles/1055285","name":"Philippine Information Agency: SEC issues cease and desist order against Forsage","type":"regulatory","credibility":1},{"url":"https://csimt.gov/2021/04/07/montana-regulator-issues-cease-and-desist-order-against-forsage-scam/","name":"Montana Commissioner of Securities: Montana regulator issues cease and desist order against Forsage scam","type":"regulatory","credibility":1},{"url":"https://www.sec.gov/newsroom/press-releases/2022-134","name":"SEC Press Release 2022-134","type":"regulatory","credibility":1}],"severity":"high"},{"content":"On August 1, 2022, the U.S. Securities and Exchange Commission filed a civil complaint in federal court charging eleven individuals with fraud and securities law violations in connection with Forsage. The complaint named the four founders (Okhotnikov, Oblamska, Sergeev, Maslakov) — who were at the time believed to be residing in Russia, the Republic of Georgia, and Indonesia — along with three U.S.-based promoters (Sam Ellis, Sarah Theissen, and one other) and five members of the 'Crypto Crusaders' promotional group (Samuel Ellis, Sarah Theissen, Carlos L. Martinez, Ronald R. Deering, Cheri Beth Bowen, and Alisha R. Shepperd). The SEC characterized Forsage as 'a textbook pyramid and Ponzi scheme' that sold no legitimate consumer product. The complaint sought injunctive relief, disgorgement of ill-gotten gains, and civil monetary penalties. Two of the Crypto Crusaders defendants — Samuel Ellis and Sarah Theissen — subsequently reached settlements with the SEC, agreeing to permanent injunctions and disgorgement plus civil penalties subject to court determination. The SEC was the first U.S. federal agency to take action against Forsage.","heading":"SEC Civil Enforcement Action (August 2022)","sources":[{"url":"https://www.sec.gov/newsroom/press-releases/2022-134","name":"SEC Press Release 2022-134: SEC Charges Eleven Individuals in $300 Million Crypto Pyramid Scheme","type":"regulatory","credibility":1},{"url":"https://www.sec.gov/files/litigation/complaints/2022/comp-pr2022-134.pdf","name":"SEC Complaint: Vladimir Okhotnikov et al. (PDF)","type":"court_filing","credibility":1},{"url":"https://www.accountingtoday.com/news/two-settle-with-securities-and-exchange-commission-over-alleged-300-million-cryptocurrency-ponzi-scheme","name":"Accounting Today: Two Crypto Crusaders settle with SEC over alleged $300M Ponzi scheme","type":"news_article","credibility":2},{"url":"https://www.coindesk.com/policy/2022/08/01/sec-slaps-founders-promoters-of-alleged-ponzi-scheme-forsage-with-fraud-charges","name":"CoinDesk: SEC Slaps Founders, Promoters of Alleged Ponzi Scheme Forsage With Fraud Charges","type":"news_article","credibility":2}],"severity":"critical"},{"content":"On February 22, 2023, a federal grand jury in the District of Oregon returned a criminal indictment against the four Forsage founders: Vladimir Okhotnikov, Olena Oblamska, Mikhail Sergeev, and Sergey Maslakov. All four were charged with one count of conspiracy to commit wire fraud, carrying a maximum sentence of 20 years in federal prison. The DOJ indictment alleged that the defendants coded and deployed smart contracts that systematized the Ponzi and pyramid scheme across the Ethereum, Binance Smart Chain, and Tron blockchains, and that at least the xGold smart contract on Ethereum was built to fraudulently divert investor funds into accounts controlled by the founders. The indictment emphasized that these actions were contrary to explicit assurances made publicly to investors. The case was filed in the U.S. District Court for the District of Oregon. Investigating agencies included the FBI's Portland Field Office, the U.S. Secret Service, Homeland Security Investigations (HSI) New York, and HSI Bangkok.","heading":"DOJ Criminal Indictment (February 2023)","sources":[{"url":"https://www.justice.gov/archives/opa/pr/forsage-founders-indicted-340m-defi-crypto-scheme","name":"DOJ Office of Public Affairs: Forsage Founders Indicted in $340M DeFi Crypto Scheme","type":"regulatory","credibility":1},{"url":"https://www.justice.gov/criminal-vns/case/united-states-v-vladimir-okhotnikov-et-al","name":"DOJ Criminal VNS Case Page: United States v. Vladimir Okhotnikov et al.","type":"court_filing","credibility":1},{"url":"https://therecord.media/defi-ponzi-scheme-four-russians-indicted","name":"The Record: Russians accused of using DeFi platform for $340 million Ponzi scheme","type":"news_article","credibility":2}],"severity":"critical"},{"content":"Olena Oblamska, a 42-year-old Ukrainian national, used the online persona 'Lola Ferrari' and styled herself the 'goddess' of the Forsage scheme. She was arrested by Thailand's Cyber Crime Investigation Bureau at a condominium in Phuket, Thailand, in February 2026. Oblamska was extradited to the United States on May 9, 2026, under a U.S.-Thailand extradition treaty coordinated by the DOJ's Office of International Affairs. She made her initial appearance in U.S. District Court in Portland, Oregon, on May 11–12, 2026, before a U.S. magistrate judge, where she was arraigned, pleaded not guilty to conspiracy to commit wire fraud, and was ordered detained pending trial. A four-day jury trial is currently scheduled to begin on July 14, 2026. If convicted, Oblamska faces a maximum of 20 years in federal prison, three years of supervised release, and a $250,000 fine. Oblamska is the only Forsage founder to have been apprehended and brought to the United States as of the date of this report.","heading":"Olena Oblamska: Arrest, Extradition, and Arraignment","sources":[{"url":"https://www.justice.gov/usao-or/pr/ukrainian-national-extradited-thailand-face-conspiracy-charges","name":"DOJ USAO Oregon: Ukrainian National Extradited from Thailand to Face Conspiracy Charges","type":"regulatory","credibility":1},{"url":"https://www.icij.org/investigations/coin-laundry/alleged-cryptocurrency-ponzi-scheme-goddess-extradited-from-thailand-to-face-conspiracy-charges-in-us/","name":"ICIJ: Alleged cryptocurrency Ponzi scheme 'goddess' extradited from Thailand to face conspiracy charges in US","type":"news_article","credibility":2},{"url":"https://www.theblock.co/post/401563/alleged-forsage-co-founder-extradited-from-thailand-pleads-not-guilty-in-340-million-ponzi-case","name":"The Block: Alleged Forsage co-founder extradited from Thailand, pleads not guilty in $340 million Ponzi case","type":"news_article","credibility":2},{"url":"https://www.cryptotimes.io/2026/05/14/forsage-crypto-ponzi-promoter-lola-ferrari-extradited-to-u-s-in-340m-fraud-charges/","name":"Crypto Times: Forsage Crypto Ponzi: Promoter 'Lola Ferrari' Extradited to U.S. in $340M Fraud Charges","type":"news_article","credibility":2}],"severity":"critical"},{"content":"Vladimir Okhotnikov (alias 'Lado'), believed to be a Russian national, is the alleged primary architect of Forsage. After the SEC civil complaint was filed in August 2022, Okhotnikov fled — reportedly traveling from Georgia to Turkey and then to Dubai, United Arab Emirates — where he has remained as a fugitive from U.S. federal criminal charges. In March 2024, a court in Tbilisi, Georgia, sentenced Okhotnikov in absentia to 10 years in prison for laundering $1.1 million in proceeds from the Forsage scheme through at least 53 bank accounts belonging to him and his associates. Georgian authorities seized assets including a Lexus SUV, two Tbilisi apartments (one with a private swimming pool), and five parking spaces — collectively valued at approximately $1 million. From Dubai, Okhotnikov allegedly launched further schemes. He created 'Meta Force,' which reportedly attracted $574 million in investments before collapsing in September 2024. He subsequently launched 'Holiverse' in October 2024, combining alleged biotechnology, virtual reality, and DeFi elements. By February 2025, he had introduced yet another platform, 'Meta Whale,' using WhaleBit tokens. The ICIJ reported that Okhotnikov co-produced, co-wrote, and starred in a sci-fi film titled 'Holiguards Saga — The Portal of Force,' directed by and starring Kevin Spacey, which premiered at the Venice Film Festival in August 2025. The film's production was financed through a company called Elledgy Media; between July 2024 and May 2025, Elledgy received approximately $4 million from shell companies across multiple European jurisdictions, prompting a probe by an elite Portuguese investigative unit into potential money laundering.","heading":"Vladimir Okhotnikov: Fugitive Status and Subsequent Activity","sources":[{"url":"https://www.icij.org/investigations/coin-laundry/holiverse-lado-forsage-cryptocurrency-scam/","name":"ICIJ: Spacey's Holiguards film backed by alleged crypto scammer","type":"news_article","credibility":2},{"url":"https://www.icij.org/investigations/coin-laundry/elite-portuguese-investigative-unit-to-probe-spacey-movie-producer-with-ties-to-alleged-crypto-scammer/","name":"ICIJ: Elite Portuguese investigative unit to probe Spacey movie producer with ties to alleged crypto scammer","type":"news_article","credibility":2},{"url":"https://behindmlm.com/companies/forsage/lado-okhotnikov-indicted-for-forsage-ponzi-wire-fraud/","name":"Behind MLM: Lado Okhotnikov indicted for Forsage Ponzi wire fraud","type":"news_article","credibility":3},{"url":"https://www.justice.gov/criminal-vns/case/united-states-v-vladimir-okhotnikov-et-al","name":"DOJ Criminal VNS Case Page: United States v. Vladimir Okhotnikov et al.","type":"court_filing","credibility":1}],"severity":"critical"},{"content":"As of May 2026, three of the four criminally indicted Forsage founders remain at large. Mikhail Sergeev (aliases 'Mike Mooney,' 'Gleb,' 'Gleb Million') and Sergey Maslakov are believed to be located in Russia, where extradition to the United States is not available under current diplomatic conditions. Vladimir Okhotnikov is believed to be residing in Dubai, UAE. The U.S. has no active extradition treaty with Russia, significantly limiting the prospects for bringing Sergeev and Maslakov to trial. Okhotnikov's continued residency in the UAE — a jurisdiction not known for cooperating with U.S. extradition requests involving Russian nationals — also poses substantial challenges for U.S. prosecutors.","heading":"Remaining Co-Defendants: Fugitive Status","sources":[{"url":"https://www.cryptotimes.io/2026/05/14/forsage-crypto-ponzi-promoter-lola-ferrari-extradited-to-u-s-in-340m-fraud-charges/","name":"Crypto Times: Forsage Crypto Ponzi: Promoter 'Lola Ferrari' Extradited","type":"news_article","credibility":2},{"url":"https://coingeek.com/4-forsage-founders-indicted-in-oregon-over-340m-ponzi-scheme/","name":"CoinGeek: 4 Forsage founders indicted in Oregon over $340M Ponzi scheme","type":"news_article","credibility":2}],"severity":"high"},{"content":"The SEC's August 2022 civil complaint also named U.S.-based individuals who promoted Forsage domestically. Three were identified as paid promoters engaged by the founders to endorse Forsage on the platform's website and social media. Five defendants were identified as members of the 'Crypto Crusaders,' described as the largest Forsage promotional group operating in the United States, active in at least five states from at least June 4, 2020 onward. Named Crypto Crusaders members included Sarah Theissen, Carlos L. Martinez, Ronald R. Deering, Cheri Beth Bowen, and Alisha R. Shepperd. The SEC alleged these individuals engaged in unregistered offers and sales of securities and participated in a scheme to defraud investors by promoting Forsage after it had already been the subject of cease-and-desist orders in the Philippines and Montana. Samuel Ellis and Sarah Theissen separately reached civil settlements with the SEC, agreeing to permanent injunctions and monetary penalties. The status of charges against the remaining Crypto Crusaders members in SEC proceedings was not fully resolved as of the date of this report.","heading":"U.S.-Based Promoters and Crypto Crusaders","sources":[{"url":"https://www.sec.gov/newsroom/press-releases/2022-134","name":"SEC Press Release 2022-134","type":"regulatory","credibility":1},{"url":"https://techcrunch.com/2022/08/01/crypto-fraud-scam-forsage-ponzi-pyramid-scheme-sec-regulators-crackdown/","name":"TechCrunch: SEC spears Crypto Crusaders over alleged pyramid scheme","type":"news_article","credibility":2},{"url":"https://www.accountingtoday.com/news/two-settle-with-securities-and-exchange-commission-over-alleged-300-million-cryptocurrency-ponzi-scheme","name":"Accounting Today: Two Crypto Crusaders settle with SEC","type":"news_article","credibility":2}],"severity":"high"},{"content":"Forsage was the subject of the first peer-reviewed empirical study of a smart-contract pyramid scheme, published on arXiv in May 2021 by Tyler Kell and colleagues from Cornell Tech and the Initiative for CryptoCurrencies and Contracts (IC3). The research used a purpose-built transaction simulator to analyze Forsage's smart contract code and all on-chain transaction data. Key findings included: (1) approximately 88% of participants suffered financial losses; (2) a small number of top-level, early participants generated multi-million-dollar gains; (3) Forsage was, at its peak, among the highest transaction-volume smart contracts on Ethereum, at one point ranking second by daily transaction count; (4) recruitment activity was geographically concentrated within specific national communities, consistent with coordinated MLM-style promotion. The study also highlighted how blockchain transparency — which Forsage operators invoked as a trust mechanism — paradoxically enabled comprehensive post-hoc forensic analysis of the scheme. The paper was subsequently published in the proceedings of the Financial Cryptography and Data Security conference in 2023.","heading":"Academic and On-Chain Analysis","sources":[{"url":"https://arxiv.org/abs/2105.04380","name":"arXiv 2105.04380: Forsage: Anatomy of a Smart-Contract Pyramid Scheme","type":"research","credibility":2},{"url":"https://dl.acm.org/doi/10.1007/978-3-031-47751-5_14","name":"Springer / Financial Cryptography 2023: Forsage: Anatomy of a Smart-Contract Pyramid Scheme","type":"research","credibility":2}],"severity":"medium"}],"timeline":[{"date":"2020-01","event":"Forsage.io launched by Vladimir Okhotnikov, Olena Oblamska, Mikhail Sergeev, and Sergey Maslakov. Smart contracts deployed on Ethereum, later on Tron and Binance Smart Chain.","source":"DOJ Indictment / SEC Complaint","source_url":"https://www.justice.gov/archives/opa/pr/forsage-founders-indicted-340m-defi-crypto-scheme"},{"date":"2020-09-27","event":"Philippines Securities and Exchange Commission issues cease-and-desist order against Forsage for illegal solicitation of investments.","source":"Philippine Information Agency","source_url":"https://pia.gov.ph/news/articles/1055285"},{"date":"2021-03","event":"Montana Commissioner of Securities and Insurance issues cease-and-desist order against Forsage, labeling it a scam. Founders deny allegations via YouTube.","source":"Montana CSI","source_url":"https://csimt.gov/2021/04/07/montana-regulator-issues-cease-and-desist-order-against-forsage-scam/"},{"date":"2021-05","event":"Cornell Tech researchers publish first peer-reviewed academic analysis of Forsage on arXiv, finding ~88% of participants lost money.","source":"arXiv","source_url":"https://arxiv.org/abs/2105.04380"},{"date":"2022-08","event":"U.S. SEC files civil complaint charging eleven individuals — including all four founders and Crypto Crusaders promoters — with fraud. Scheme characterized as a 'textbook pyramid and Ponzi scheme' with over $300 million in losses.","source":"SEC Press Release 2022-134","source_url":"https://www.sec.gov/newsroom/press-releases/2022-134","date_original":"2022-08-01"},{"date":"2022","event":"Vladimir Okhotnikov flees to Dubai, UAE, following SEC charges and Georgian investigative pressure.","source":"ICIJ Coin Laundry investigation","source_url":"https://www.icij.org/investigations/coin-laundry/holiverse-lado-forsage-cryptocurrency-scam/"},{"date":"2023-02-22","event":"Federal grand jury in the District of Oregon returns criminal indictment against Okhotnikov, Oblamska, Sergeev, and Maslakov on one count of conspiracy to commit wire fraud (max 20 years).","source":"DOJ Office of Public Affairs","source_url":"https://www.justice.gov/archives/opa/pr/forsage-founders-indicted-340m-defi-crypto-scheme"},{"date":"2024-03","event":"A court in Tbilisi, Georgia, sentences Vladimir Okhotnikov in absentia to 10 years in prison for laundering $1.1 million in Forsage proceeds through at least 53 bank accounts. Approximately $1 million in Georgian assets seized.","source":"ICIJ Coin Laundry investigation","source_url":"https://www.icij.org/investigations/coin-laundry/holiverse-lado-forsage-cryptocurrency-scam/"},{"date":"2024-09","event":"Meta Force, a post-Forsage scheme launched by Okhotnikov from Dubai, collapses after allegedly attracting $574 million in investments.","source":"ICIJ Coin Laundry investigation","source_url":"https://www.icij.org/investigations/coin-laundry/holiverse-lado-forsage-cryptocurrency-scam/"},{"date":"2024-10","event":"Okhotnikov launches Holiverse from Dubai, combining alleged biotechnology, virtual reality, and DeFi investment elements.","source":"ICIJ Coin Laundry investigation","source_url":"https://www.icij.org/investigations/coin-laundry/holiverse-lado-forsage-cryptocurrency-scam/"},{"date":"2025-02","event":"Okhotnikov launches Meta Whale, another referral-based investment platform using WhaleBit tokens, from Dubai.","source":"Behind MLM","source_url":"https://behindmlm.com/companies/forsage/lado-okhotnikovs-holiverse-ponzi-collapses-meta-whale-reboot/"},{"date":"2025-08","event":"Okhotnikov's film 'Holiguards Saga — The Portal of Force,' directed by and starring Kevin Spacey, premieres at the Venice Film Festival. ICIJ reports the film was financed in part through Elledgy Media, a company receiving funds from shell companies under money laundering scrutiny.","source":"ICIJ Coin Laundry investigation","source_url":"https://www.icij.org/investigations/coin-laundry/holiverse-lado-forsage-cryptocurrency-scam/"},{"date":"2026-02","event":"Olena Oblamska arrested by Thailand's Cyber Crime Investigation Bureau at a condominium in Phuket, Thailand.","source":"ICIJ / DOJ USAO Oregon","source_url":"https://www.justice.gov/usao-or/pr/ukrainian-national-extradited-thailand-face-conspiracy-charges"},{"date":"2026-05-09","event":"Olena Oblamska extradited from Thailand to the United States under coordination between DOJ's Office of International Affairs and Thai authorities.","source":"DOJ USAO Oregon","source_url":"https://www.justice.gov/usao-or/pr/ukrainian-national-extradited-thailand-face-conspiracy-charges"},{"date":"2026-05-12","event":"Olena Oblamska appears in U.S. District Court in Portland, Oregon, is arraigned, pleads not guilty to conspiracy to commit wire fraud, and is ordered detained pending trial.","source":"DOJ USAO Oregon / The Block","source_url":"https://www.theblock.co/post/401563/alleged-forsage-co-founder-extradited-from-thailand-pleads-not-guilty-in-340-million-ponzi-case"},{"date":"2026-07-14","event":"Jury trial for Olena Oblamska scheduled to begin in U.S. District Court, District of Oregon (four-day trial scheduled).","source":"DOJ USAO Oregon","source_url":"https://www.justice.gov/usao-or/pr/ukrainian-national-extradited-thailand-face-conspiracy-charges"}],"sources_used":[{"url":"https://www.sec.gov/newsroom/press-releases/2022-134","name":"SEC Press Release 2022-134: SEC Charges Eleven Individuals in $300 Million Crypto Pyramid Scheme","type":"regulatory","archive_url":"http://web.archive.org/web/20260614070029/https://www.sec.gov/newsroom/press-releases/2022-134","credibility":1,"archive_timestamp":"2026-06-14T07:00:29+00:00"},{"url":"https://www.sec.gov/files/litigation/complaints/2022/comp-pr2022-134.pdf","name":"SEC Complaint PDF: Vladimir Okhotnikov et al.","type":"court_filing","archive_url":"http://web.archive.org/web/20260721194114/https://www.sec.gov/files/litigation/complaints/2022/comp-pr2022-134.pdf","credibility":1,"archive_timestamp":"2026-07-21T19:41:14+00:00"},{"url":"https://www.justice.gov/archives/opa/pr/forsage-founders-indicted-340m-defi-crypto-scheme","name":"DOJ Office of Public Affairs: Forsage Founders Indicted in $340M DeFi Crypto Scheme","type":"regulatory","archive_url":"http://web.archive.org/web/20260526062210/https://www.justice.gov/archives/opa/pr/forsage-founders-indicted-340m-defi-crypto-scheme","credibility":1,"archive_timestamp":"2026-05-26T06:22:10+00:00"},{"url":"https://www.justice.gov/criminal-vns/case/united-states-v-vladimir-okhotnikov-et-al","name":"DOJ Criminal VNS: United States v. 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