TechFlow News, May 18: According to an official announcement by the U.S. Department of Justice, Olena Oblamska, a 42-year-old Ukrainian woman, was recently extradited from Thailand to the United States to face conspiracy-to-commit-wire-fraud charges. Court documents state that Oblamska and her co-conspirators marketed Forsage as a blockchain-based, smart-contract-powered decentralized multi-level marketing (MLM) project, falsely promoting it to global investors as a low-risk, high-return investment opportunity—when in fact it operated as a Ponzi and pyramid scheme that defrauded victims of approximately $340 million. Oblamska has appeared in court and pleaded not guilty; jury trial is scheduled to begin on July 14, 2026. If convicted, she faces up to 20 years in federal prison and a $250,000 fine. The case was jointly investigated by the FBI, the U.S. Secret Service, and Homeland Security Investigations.
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