OmegaPro @ BehindMLM

A group of OmegaPro victims has named and shamed some of the countries top recruiters. Nigerian OmegaPro losses are believed to be around $120 million, mostly stolen from “widows, retirees, high-net-worth individuals, big business people, and even young people just starting in life”. Top OmegaPro recruiters in Nigeria meanwhile are buying multi-million dollar property portfolios, [Continue reading…]

In the wake of the OmegaPro Ponzi collapsing, co-founder Mike Sims is attempting to distance himself from the scam. In recently recorded footage, directed at OmegaPro victims, Sims claims he’s “working right now … to find out what is going on with the company”. Following on from his involvement in the SAEG Capital and Traders [Continue reading…]

In undated video footage that appears to be directed to OmegaPro victims, Michael Shannon Simms, has bizarrely denied the CFTC has filed fraud charges against him. Sims, aka Mike Sims, is also appealing to OmegaPro victims to send him potentially incriminating evidence.

The CFTC has secured default judgment against SAEG Capital General Management and Fredirick Safranko. Following Entry of Defaults recorded against both SAEG and Safranko, default judgment was ordered on September 5th.

Following our report yesterday on OmegaPro scammer Mike Sims’ assets being seized, a BehindMLM reader reached out to him about it. Understandably, Sims is a little upset.

Following an asset deposition of Mike Sims back in May, the SAEG Receiver has begun seizing assets tied to fraud.

Eric Worre has been in the spotlight of late for recruiting people into Traders Domain, a half billion dollar Ponzi scheme. This followed Worre signing on with OmegaPro corporate and publicly endorsing the Ponzi scheme, which was tied to Traders Domain. Both OmegaPro and The Traders Domain collapsed in late 2022. Earlier today, Worre uploaded [Continue reading…]

Traders Domain was a Ponzi scheme run by Canadian national Ted Safranko. An estimated $500 million is believed to have passed through Traders Domain in crypto alone. ROI liabilities at the time of Traders Domain’s collapse in late 2022 have been pegged at around $3.3 billion. While Traders Domain itself wasn’t an MLM Ponzi scheme, [Continue reading…]

Prolific Ponzi promoter Juan Carlos Reynoso has been released from custody. Mexican authorities were ordered to release Reynoso and his accomplices on June 1st.

Yas Casetellum’s Tin Quoc Tran is on the run after learning of a pending CFTC action against him. Notwithstanding, the regulator believes Tran is aware of the lawsuit and has requested permission to proceed anyway.