OmegaPro @ BehindMLM

The SAEG Receiver has received permission to make an interim distribution to victims of the Ponzi. The Receiver states however that the distribution payment will be “minimal”.

Pursuant to a granted seizure warrant on January 31st, 2025, the DOJ has moved to seize 119.65 bitcoin from Juan Carlos Reynoso. Reynoso is a serial promoter of MLM Ponzi schemes but, as of yet, details surrounding the case tied to the seizure are unclear. Here’s what we do know:

The SEC has dropped Oscar Garcia from its ongoing Batched investigation.

Following contempt proceedings initiated against him, Alejandro Santiestaban, aka Alex Santi, has been ordered to cooperate with the Traders Domain Receiver. Santi will also foot half the Receiver’s legal costs in getting him to follow the court’s orders.

Plaintiffs United Investor Community INC., Lyadunni Udugba and Olungbenga Bernard Adesuyi have filed a RICO class-action against OmegaPro and associated scammers.

The Traders Domain civil fraud trial has been scheduled for June 15th, 2026. Other recent updates in the CFTC’s The Traders Domain case include:

Holton Buggs has been sanctioned for failing to cooperate with the Traders Domain Receiver. As detailed by the Receiver in his February 5th Second Report;

Two OmegaPro victims have received partially suspended prison sentences in France.

The Traders Domain defendants Holton Buggs and Robert Collazo have consented to preliminary injunctions.

Seven SAEG Ponzi net-winners have settled with the court-appointed Receiver. As disclosed in the Receiver’s Sixth Report, filed on January 9th;