Jas Mathur sues Travis Bott over Traders Domain Ponzi losses
Jas Mathur has sued Travis Bott and Richard Jason Bott over reported Traders Domain Ponzi losses.
OmegaPro @ BehindMLM
The Traders Domain Ponzi MLM investor master list
About a year ago BehindMLM published a list of the top MLM industry figures in the Traders Domain Ponzi scheme. The data was based of records obtained by Coffeezilla… …and featured well-known MLM industry figures such as Holton Buggs and wife Earlene Buggs, Mike Sims, Stormy Wellington, Eric Worre and wife Marina Worre and Jack [Continue reading…]
$160 million tracked across Andreas Szakacs’ seized devices
Turkish authorities have tracked around $160 million across electronic devices seized from Andreas Szakacs. The first details since Szakacs’ arrest on July 10th have been reported by Turkish media.
Tin Quoc Tran cops $512 million SAEG judgment
Tin Quoc Tran, one of the ringleaders in the SAEG series of Ponzi schemes, has copped a $ default judgment.
OmegaPro’s Andreas Szakacs arrested in Turkey
Andreas Szakacs, co-founder of the OmegaPro Ponzi scheme, appears to have been arrested in Turkey.
SAEG Receiver accepts 211 claims totalling $57.7 million
The SAEG Receiver has accepted 211 victim claims totalling $57,715,542. Of the accepted claims, 160 were for the amount submitted. 51 claims have been accepted with a reduced claim amount totalling $13.2 million.
Nigerian OmegaPro victims name and shame recruiters
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…]
OmegaPro co-founder Mike Sims distances himself from Ponzi
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…]
Mike Sims lies about CFTC fraud charges, deceives victims
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.
SAEG Ponzi scheme & Ted Safranko cop $3.8 mill judgment
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.
