Forsage Co-Founder Extradited From Thailand, Pleads Not Guilty in $340 Million Ponzi Case

According to the U.S. Attorney’s Office for the District of Oregon, Olena Oblamska, a 42-year-old Ukrainian national and alleged Forsage co-founder, was extradited from Thailand and arraigned on May 11 on a single count of conspiracy to commit wire fraud. She pleaded not guilty in federal court in Portland, Oregon, becoming the first of four co-defendants to face trial in the $340 million cryptocurrency Ponzi scheme. A magistrate judge ordered her detained pending a four-day jury trial scheduled to begin July 14. If convicted, Oblamska faces a maximum sentence of 20 years in federal prison.