Beware of Carlos Martinez & Alisha Shepperd & Forsage – Review

Carlos Martinez and Alisha Shepperd, forsage promoter defendants, have reached a settlement with the SEC.

Martinez and Shepperd’s settlements are also partial.

This is ultimately moot, given both Martinez’s (left) and Shepperd’s (right) settlements have been reached.

prohibit further acts of securities fraud; prohibit participation in pyramid schemes; prohibit participation in “crypto asset securities” schemes (basically any passive investment crypto opportunity); prohibit them from claiming they did not violate federal securities laws; and include disgorgement and civil penalty clauses to be determined (including prejudgment interest backdated to June 2020)
Martinez signed the judgment consent form on November 17th. On November 21st, Shepperd signed hers.

Martinez was given a judgment on November 22nd. The case against Shepperd (right) is still underway.

Shepperd was still advocating crypto pump and dump schemes on social media as of October 31st:

The SEC notes in a Second Joint Status Report filed on November 22nd that the previously issued Entry of Default against Forsage founder Lado Okhotnikov has been dismissed.

On November 21st, Okhotnikov’s US-based counsel appeared in court. Okhotnikov has until the 23rd of November to respond to the SEC’s Complaint.

According to the SEC, Forsage ran a $300 million Ponzi scam.

Defendant Mikhail Sergeev, a Russian national thought to be in Russia, is still on the run.

Only Ronald R. Deering, one of the seven Forsage Ponzi promoters who were sued by the SEC in August, has yet to settle.

On November 16th, Deering submitted a motion asking a third extension of time to respond to the SEC’s lawsuit. On November 17th, the court granted Deering’s motion.

The next hearing for Forsage is planned on December 8th, 2022.

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