OmegaPro @ BehindMLM

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.

Michael Shannon Sims, known in the MLM industry as Mike Sims, has consented to a preliminary injunction. The injunction pertains to commodities fraud charges brought by the CFTC. The CFTC’s January 2023 filed charges are in relation to a series of Ponzi schemes run by Sims (below), Todd Brisco (Sims’ brother in law), Tin Tran, [Continue reading…]

OmegaPro executive Juan Carlos Reynoso has been arrested in Mexico. Mexican authorities detained Reynoso, a Peruvian national, as part of a wider investigation into cartel-linked Black Wall Street Capital.

There have been rumblings that OmegaPro’s collapse is tied to The Traders Domain, a non-MLM Ponzi scheme that also collapsed in late 2022. The implication being that OmegaPro investor funds were commingled into The Traders Domain, which was running its own Ponzi. I haven’t been able to verify anything, and I still can’t – at [Continue reading…]

Go Global was hastily put together following OmegaPro’s collapse in late 2022. Go Global operates from the website domain “goglobal.network”, privately registered on December 24th, 2022. At time of publication Go Global’s website fails to provide ownership or executive information. From Go Global’s prelaunch marketing material however, we learn the company is headed up by: [Continue reading…]