OmegaPro @ BehindMLM

Following clawback lawsuits filed in October 2025, twelve The Traders Domain net-winners have settled with the Receiver.

Holton Buggs appears to have sold what’s left of iBuumerang to Risen Live. While Buggs began appearing in Risen Live marketing material in early October… …Buggs waited till October 20th to break the news on an iBuumerang marketing webinar.

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.