Archive · 17 Nov 2025
Russian Entrepreneur Vladimir Okhotnikov Accused in Global Crypto Scams
A man named Vladimir Okhotnikov, also known as Lado, is accused of tricking people into investing in fake crypto games.
He promised they could get rich quickly, but the games were rigged so that early players got paid with money from new players.
This is called a Ponzi scheme.
He has done this all over the world, taking lots of money from people.
He even made a movie with famous actors and involved the mother of a famous tech person to make his projects seem real.
Now, different countries' police are investigating him, and he has been found guilty of money laundering in one country and faces fraud charges in another.
He keeps moving around to different countries to continue his alleged activities.
Vladimir Okhotnikov, known as Lado, is accused of orchestrating global crypto scams like Forsage.
US prosecutors allege these schemes defrauded investors of at least $340 million between 2020 and 2022.
Okhotnikov has been convicted of money laundering in Georgia and faces fraud charges in the US.
He has launched new ventures and restarted alleged schemes from Dubai, attracting new users to platforms like Meta Whale.
Okhotnikov has produced a film featuring Kevin Spacey and Disha Patani and involved Maye Musk in a magazine launch to boost his ventures.
- Who
- Vladimir Okhotnikov, a 47-year-old Russian entrepreneur known as Lado.
- What
- Accused of running global cryptocurrency Ponzi and pyramid schemes, including Forsage, allegedly defrauding investors out of hundreds of millions of dollars.
- When
- Schemes began around 2020, with US charges filed in 2023 and a Georgian conviction in March 2024.
- Where
- Operated internationally, targeting investors in North America, Europe, Asia, and Africa, and has been based in Dubai.
- Why
- Investigators allege he used fraudulent crypto investment platforms to siphon money from investors.
Accusations and Legal Actions
Okhotnikov's Operations and Associations
Nature of Schemes
Accusations and Legal Actions
US prosecutors and regulators allege Forsage and related ventures are Ponzi and pyramid schemes that defrauded investors.
Okhotnikov's Operations and Associations
Okhotnikov's ventures like Meta Force and Holiverse are presented as legitimate platforms, with claims of obtaining necessary licenses.
Legal Status
Accusations and Legal Actions
Charged with fraud in the US and convicted of money laundering in Georgia.
Okhotnikov's Operations and Associations
Continues to launch new ventures like Meta Whale while operating from Dubai and reportedly dismisses US accusations, shifting blame.
Use of Celebrities
Accusations and Legal Actions
Celebrity associations with Kevin Spacey, Disha Patani, and Maye Musk are seen as attempts to legitimize risky ventures and attract investors.
Okhotnikov's Operations and Associations
Celebrities were involved in projects like films and magazine launches, with their teams being unavailable for comment on Okhotnikov's alleged activities.
- Name
- Vladimir Okhotnikov (aka Lado)
- Age
- 47
- Alleged Scams
- Forsage, Meta Force, Holiverse, Meta Whale
- Alleged Amount Siphoned
- $340 million (US prosecutors), up to $1 billion (investigators)
- Convictions
- Money laundering in Georgia (in absentia)
- Pending Charges
- US fraud charges (conspiracy to commit fraud)
- Notable Associations
- Kevin Spacey (film), Disha Patani (film), Maye Musk (magazine launch)
- Current Location
- Dubai, UAE