🚨 Crypto Scandal Uncovered: OmegaPro Founders Charged in $650 M Global Ponzi Scheme 🌍💸
➕ What Is OmegaPro?
OmegaPro is a Dubai-based online investment platform founded in 2018 that promised high returns through forex, cryptocurrency, stocks, and ETF trading — but allegedly operated as a massive global Ponzi scheme.
💼 Who Was Charged?
■Michael Shannon Sims, 48 – OmegaPro founder and strategic consultant (Georgia & Florida).
■Juan Carlos Reynoso – Directed operations across Latin America.
📉 What They Did?
Claimed to be a legit investment opportunity offering daily profits.
Allegedly defrauded investors of over $650 million, operating a pyramid-style scheme worldwide.
Used new investor money to pay early participants — classic Ponzi setup.
🇺🇸 Why the U.S. Is Involved?
Although OmegaPro was headquartered in Dubai, U.S. authorities are prosecuting because:
The scheme targeted U.S. investors.
U.S. banks, wires, and crypto platforms were used to move funds.
This gives the U.S. legal jurisdiction under wire fraud, securities, and money laundering laws.
Global cooperation allows for extradition and asset seizure, even if suspects are abroad.
🧾 Charges Filed
✅ Wire Fraud
✅ Commodity Fraud
✅ Money Laundering
U.S. authorities have seized assets including crypto holdings, bank funds, and real estate.
🌐 Global Reach
Recruited aggressively in Latin America, Africa, Asia, and Europe.
Previously blacklisted by France’s AMF and ACPR in 2020.
Connected to other fraud-linked platforms like OneCoin.
Multiple arrests occurred in Turkey in 2024.
🔍 What’s Next?
DOJ to prosecute in U.S. federal court.
Restitution options may open for victims.
More asset forfeitures expected.
⚠️ Takeaway
💡 If it sounds too good to be true—it probably is. Always verify platforms, especially in crypto or forex, and beware of “guaranteed returns.”