Self-Styled Crypto 'Goddess' Extradited From Thailand Over $340M Forsage Ponzi

A 'Decentralized' Promise That Was a Pyramid

Forsage launched in early 2020 promising everyday people a slice of the DeFi revolution: smart-contract-based, decentralized, low-risk wealth. The Justice Department says it was a global Ponzi and pyramid scheme that took in roughly $340 million.

The Goddess

Olena Oblamska, a 42-year-old Ukrainian national, promoted the scheme under the persona 'Lola Ferrari,' blanketing social media with testimonials, webinars, and promises of life-changing returns. On May 9, 2026, she stepped off a plane from Thailand into U.S. custody. Three days later she stood before a federal judge in Portland, Oregon, pleaded not guilty to conspiracy to commit wire fraud, and was ordered held pending trial.

How It Worked

Forsage ran matrix-style 'slot' programs on Ethereum, Binance Smart Chain, and Tron. Money from new buyers was automatically funneled to earlier participants — the defining mechanic of a Ponzi, hard-coded into smart contracts. Independent analysis found more than 80% of investors in the Ethereum program lost money, with over half receiving nothing at all.

The Bigger Case

The SEC first charged 11 people in August 2022, including the four founders and a network of U.S. promoters called the 'Crypto Crusaders.' The DOJ followed with criminal indictments in February 2023. Oblamska's co-founders — Russian nationals Vladimir Okhotnikov, Mikhail Sergeev, and Sergey Maslakov — remain at large.

Her trial is scheduled for July 14, 2026. She faces up to 20 years.