OmegaPro @ BehindMLM

Congo Republic’s Director General of National Financial Institutions, Jean-Pierre Nonault, has stated OmegaPro is a “Ponzi type scam”. The declaration follows arrest warrants issued against two national OmegaPro managers.

OmegaPro has received a second securities fraud warning from Spain’s Comision Nacional del Mercado de Valores.

OmegaPro has received a securities fraud warning from Mauritius’ Financial Services Commission.

OmegaPro has received a securities fraud cease and desist from Argentina’s Comision Nacional de Valores.

OmegaPro funds have been seized by UK authorities. The regulatory action occurred through OMP Money, a UK shell company set up by OmegaPro to access banking channels. OMP Money was in turn tied to Viola Money, which was shut down by UK authorities last December.

In September 2021 OmegaPro boasted it had won ““The Best Financial Services Platform 2021” and “The Best Fintech Start-Up 2021” awards. No context was provided, other than the awards were handed out in Dubai. As a BehindMLM reader has pointed out, if you examine the backdrop, things start to fall apart.

Unable to rest on the legitimacy of their fraudulent business models, Ponzi schemes often push legitimacy via association. The basic idea is you associate your scam with seemingly legitimate people or companies. This is done to detract attention away from fraud. It also presents in marketing as “but surely X wouldn’t be involved if Y [Continue reading…]

OmegaPro and OMP Money have received a securities fraud warning from the Financial Superintendence of Colombia.

OmegaPro has received a securities fraud warning from Chile’s Financial Market Commission.

OmegaPro has lost its OMP Money shell company license with the FCA for a second time.