The U.S. Department of Justice has revealed criminal charges against the founders of the investment platform OmegaPro, following their involvement in one of the largest scams in the cryptocurrency world, targeting thousands of investors worldwide and raising over $650 million before its collapse.
According to the indictment that was unsealed on Monday, Michael Shannon Sims and Juan Carlos Renoso founded the platform in 2019 and promoted it as a promising investment opportunity that promised returns of up to 300% within 16 months. #Write2Earn #BinanceTurns8 #TrumpTariffs #Xrp🔥🔥 #BTC走势分析
The defendants collected funds from investors in cryptocurrencies, which were transferred to secret wallets, with a portion distributed to top promoters, while the remaining investors were deprived of retrieving their funds or making any profits.
The duo relied on flashy advertising campaigns to convince investors, including organizing lavish events in Latin America, Europe, and the United States, showcasing a luxurious lifestyle on social media using luxury cars and high-end brands, culminating in displaying the OmegaPro logo on the facade of the Burj Khalifa in Dubai.
As the scheme began to collapse, the founders of the platform claimed it had suffered a cyber breach and announced the transfer of funds to a new platform called Broker Group as part of a "restructuring." But the reality was a complete halt to withdrawals, with users losing their money on both platforms.
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