OmegaPro @ BehindMLM

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.

Andreas Szakacs, co-founder of the OmegaPro Ponzi scheme, appears to have been arrested in Turkey.

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.

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.