OmegaPro @ BehindMLM

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.

Late last year OmegaPro registered its OMP Money shell company with the FCA. Presumably following an internal investigation, the FCA has now cancelled OMP Money’s registration.

OmegaPro has been declared a fraudulent online trading platform in Belgium. The Financial Services and Markets Authority’s May 5th warning follows ‘complaints from consumers concerning new fraudulent online trading platforms that are operating in the Belgian market.’

Peru’s Superintendency of Banking, Insurance and Private Pension Fund Administrators (SBS), has issued a warning against several MLM companies operating illegally in the country.

The latest round of regulatory incompetence in the UK has seen OmegaPro register a shell company with the FCA. On its website OMP Money markets itself as;