OmegaPro @ BehindMLM

US authorities have finally taken action against The Traders Domain Ponzi scammers. On September 30th the CFTC filed suit against Traders Domain FX LTD and several additional corporate and individual defendants. While The Traders Domain itself wasn’t an MLM opportunity, the scam is of interest to BehindMLM due to several MLM Ponzis feeding into it. [Continue reading…]

When news of OmegaPro co-founder Andreas Szakacs’ arrest broke in August, Abdul Ghaffar Mohaghegh was credited with tipping off Turkish authorities. The investigation leading to Szakacs’s arrest began with a tip-off on June 28, when an anonymous informant reported to the Istanbul Provincial Gendarmerie Command that Avcı was residing at a location in Acarkent, Istanbul, under [Continue reading…]

Francisco Story has settled SAEG Ponzi charges with the CFTC for $125,000. The CFTC filed suit against Story in January 2023 over his participation in the collapsed SAEG Ponzi scheme.

Michael Shannon Sims, aka Mike Sims, has settled SAEG Ponzi charges with the CFTC for $250,000.

Turkish authorities have arrested a second OmegaPro executive. Robert Velghe was arrested in Istanbul on Tuesday, September 3rd.

The Traders Domain has received a securities fraud warning from Quebec, Canada. As per the Autorite des Marches Financiers’ August 21st warning;

Jas Mathur has sued Travis Bott and Richard Jason Bott over reported Traders Domain Ponzi losses.

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…]

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, one of the ringleaders in the SAEG series of Ponzi schemes, has copped a $512 million default judgment.