The Securities and Exchange Commission said it charged 11 people for their roles in creating and promoting a fraudulent crypto pyramid and Ponzi scheme that raised more than $300 million from millions of retail investors worldwide, including in the United States. The scheme, called Forsage, claimed to be a decentralized smart contract platform. Forsage allowed millions of retail investors to enter into transactions via smart contracts that operated on the ethereum, tron and binance blockchains.