Forsage Ponzi scheme mastermind extradited from Thailand to the U.S., with $340 million in involved funds

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 charges of conspiracy to commit wire fraud. Court documents allege that Oblamska and her co-conspirators marketed Forsage as a decentralized multi-level marketing project built on blockchain-based smart contracts, falsely promoting it to global investors as a low-risk, high-return investment opportunity—when in fact it was 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 fine of up to $250,000. The case was jointly investigated by the FBI, the U.S. Secret Service, and Homeland Security Investigations.