Mike Sims settles SAEG fraud charges for $250,000
Michael Shannon Sims, aka Mike Sims, has settled SAEG Ponzi charges with the CFTC for $250,000.
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OmegaPro’s Robert Velghe arrested in Turkey
Turkish authorities have arrested a second OmegaPro executive. Robert Velghe was arrested in Istanbul on Tuesday, September 3rd.
The Traders Domain securities fraud warning from QC, Canada
The Traders Domain has received a securities fraud warning from Quebec, Canada. As per the Autorite des Marches Financiers’ August 21st warning;
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.
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 $512 million 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…]
