OmegaPro’s Mike Sims & Carlos Reynoso arrested
OmegaPro’s Michael Shannon Sims and Juan Carlos Reynoso have been arrested.
OmegaPro @ BehindMLM
FBI seeking information from OmegaPro Ponzi victims
The FBI is seeking information from victims of the OmegaPro Ponzi scheme.
SAEG Ponzi Receivership & CFTC’s case closed
Following an interim $1.1 million distribution payment and pending $200,000 final distribution payment, the SAEG Receiver has filed a motion requesting the Receivership be closed.
Holton Buggs surrenders assets to Traders Domain Receiver
Top Traders Domain Ponzi promoter Holton Buggs has consented to surrender multiple assets to a court-appointed Receiver. Following sanctions for non-cooperation in February, Buggs’ asset settlement was filed on June 2nd.
The Traders Domain victim claims process approved
A proposed The Traders Domain victim claims process was approved on April 29th. As per the approval order, The Traders Domain victims have until July 28, 2025 to file claims.
SAEG Ponzi victims to receive “minimal” claim distribution
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”.
DOJ moves to seize 119.65 bitcoin from Juan Carlos Reynoso
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:
SEC drops Oscar Garcia from ongoing Batched investigation
The SEC has dropped Oscar Garcia from its ongoing Batched investigation.
Alex Santi ordered to cooperate with Traders Domain Receiver
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.
OmegaPro RICO class-action filed in Florida
Plaintiffs United Investor Community INC., Lyadunni Udugba and Olungbenga Bernard Adesuyi have filed a RICO class-action against OmegaPro and associated scammers.
