The project is based in the Philippines and is not licensed to operate in the United States. Though the scheme highlights having ‘zero risk’, the website clearly projects its pyramid structure.
Additionally, Forsage was flagged earlier in its home country for being a pyramid scheme and issued a warning to the local investors.
“Every investment carries risk,” Downing added. “A claim to the contrary is a significant red flag to walk away and alert our agency. Forsage appears to be a scam. Our agency is asking Montanans to stay away and urge their friends and family to do the same.”
US State Issues Cease and Desist Order against DApp Forsage (financemagnates.com)
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