According to the Department of Justice, Forsage employed smart contracts which were coded in ways consistent with a Ponzi scheme.

Forsage, Defi, Indicted, Indictment, Ponzi, Pyramid Scheme, Natalie Wight, Grand Jury, Charged, Unregistered Securities, Carolyn WelshhansRead More

You might also be interested in reading Utah takes the lead in potentially enacting a Bitcoin reserve bill.