OmegaPro @ BehindMLM

The Traders Domain Receiver has filed five Traders Domain clawback lawsuits. In the first round of clawback litigation, filed on October 3rd, The Traders Domain Receiver has targeted individuals and companies in the UK, an attorney in Miami, and associates of Steven Likos, Alex Santi and Mike Sims.

The DOJ has requested Juan Carlos Reynoso’s contempt penalty be increased to $20,000 a day.

The Traders Domain Ponzi scammer Juan Herman, aka JJ Herman, has been hit with a $250,000 contempt fine. The fine was part of an August 12th order, following contempt allegations raised by The Traders Domain Receiver.

Michael Shannon Sims, a defendant in the CFTC’s The Traders Domain Ponzi case, has been accused of mortgage shenanigans, hiding luxury watches and failing to disclose requested financial information. On July 28th, the Traders Domain Receiver filed a motion requesting Sims be ordered to show cause over multiple injunction violations.

Following the arrest of top OmegaPro Ponzi promoter Juan Carlos Reynoso on June 30th, the DOJ was initially denied a motion seeking pre-trial detention. The DOJ filed an emergency motion challenging the order on July 3rd. The court stayed Reynoso’s release and held a second hearing on the matter on July 23rd. Following the hearing, [Continue reading…]

OmegaPro’s Michael Shannon Sims and Juan Carlos Reynoso have been arrested.

The FBI is seeking information from victims of the OmegaPro Ponzi scheme.

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.

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.

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.