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Commissioner Of Securities And Insurance Charges Forsage Of Violating The Montana Securities Act

In: News Headlines

Commissioner of Securities and Insurance Troy Downing has issued a cease-and-desist order against web-based platform Forsage for running a pyramid scheme in the state using the cryptocurrency Ethereum. It is accused of violating the Montana Securities Act. Deputy Securities Commissioner Lynn Egan says its actions are part of a new trend in cryptocurrency scams popping up due to their lack of regulation.

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