Omnia Tech mining collapses, now pushing crypto trading Ponzi
After just under a year and a half of paying out, last month Omnia Tech advised its mining ROI scheme has collapsed.
In a Facebook post dated November 21st, Omnia Tech blamed the collapse on “the price of BTC”.
As you are aware, the price of BTC has dropped significantly. For the time being, we must pause all mining services until the market recovers.
BehindMLM reviewed Omnia Tech in August 2017. We found it to be your typical unregistered securities MLM cryptocurrency offering.
Since we published our review, it seems Omnia Tech has launched a cryptocurrency trading platform.
In a desperate bid to attract new investment, the mining collapse announcement coincides with a 25% discount on Omnia Tech’s two-year trading package investments.
Fortunately, we have our trading algorithm that is still running perfectly so we decided to create a promotion to help during the time mining isn’t a viable option for any of us.
Starting now, all trading algorithm packages of 24 weeks or more will be 25% off!
These prices will not come around again so take advantage and share this opportunity with everyone you know.
Note that no details of the trading platform are provided on the Omnia Tech website. The offering appears aimed squarely at those who’ve already lost money investing with Omnia Tech’s mining.
The lack of disclosure regarding Omnia Tech’s trading packages is a regulatory red flag. That is of course also in addition to the trading platform being Omnia Tech’s second unregistered securities offering, another regulatory red flag.
For what it’s worth, mining and trading bots are the two most popular Ponzi ruses within the MLM cryptocurrency niche.
The crypto trading scams are typically easier to spot out. They’re launched by people with no verifiable experience in cryptocurrency trading, who one day rebrand themselves as experts and promise miraculous returns.
Said returns are credited through use of a bot/algorithm/secret alien device that fell out of the sky, which no evidence thereof is ever provided.
Nor are any of these scams ever registered with securities regulators, which is the first step in ensuring they are operating legally in your area.
Is there a way to have a some kinda lawsuit against that company?
I lost good amount of money, have invested with them. I had some depression about.
There is, you can go see a lawyer and file a lawsuit.
The question is who are you going to file against and where?
I need to correct the untruths in this article. Omnia mining has not crashed, it has been suspended because of the low bitcoin price.
Many mining companies including Genesis have stopped mining indeed some of the big Chinese firms are selling their mining machines by weight.
Omnia didn’t switch to bot trading, thectwo ran alongside each other until mining became unprofitable.
A Ponzi is a scheme where new money goes to pay of existing members. This is not the case in Omnia. New entrants have their own trading accounts and the profits are paid into their external address automatically and the seed funds returned in full at the end of the trading period.
In terms of visibility the CEO is Milan Sormanz and readily accessible to any who need it. You can find him on LinkedIn and Facebook.
Omnia is full transparent registered company audited by Baker Tilley a major internaciaonal accountancy firm.
Sure it has. A Ponzi scheme that isn’t paying out is a collapsed one.
Please provide evidence of mining revenue being used to pay Omnia Tech affiliates.
Please provide evidence of Omnia Tech registering itself with securities regulators in every jurisdiction it operates in. If so you can no doubt provide required filings verifying that Omnia Tech isn’t recycling newly invested funds.
And you can’t justify Omnia Tech’s pyramid scheme commissions, so don’t even try.
Cool story. Meanwhile there is no evidence of trading being used to pay affiliates, any more so than there was evidence of mining revenue being used.
Meaningless unless Omnia Tech has registered itself with securities regulators in every jurisdiction it operates in.
Milan Sormaz and the corporate team are very dubious. They have hidden a lot from the affilates. The company was run correctly before Milan came on board.
It is sad as they made so many promises of transparency and they never were.
This popped up yesterday:
I don’t get why Nuyten’s going on about everyone being “shocked”.
As reported here Omnia collapsed in Dec 2018.
By pretending otherwise, all Omnia Tech investors did was give them ~7 months to cover their tracks.
Hi, I now the company is in problem so what to do now our money will get to us or not, or mining will star again pls tell me. Thks.
You invested in a Ponzi scheme that collapsed. Your money is gone.
Sorry for your loss.
Hi just saying sorry that is finish, your company is chor & you all people all chor, how a person is earing & on 5hat basis we are intervisting our money in company & you company say loss.
We want our money back pls…
You gave your money to Ponzi scammers, who pocketed it and ran away.
Regulators haven’t intervened so there’s no getting your money back.
Hi that also the Omina gr person, who are they where was there office address, what there names of board of directors names & no ,what is your role now pls tell me & let me the understood. Thks.
I think you’re confused. I have nothing to do with Omnia Tech.
Omnia are liable to us our money back otherwise there will be a big conflict.
This company should not be existed. These people are EVILS. Same as one coin. DR ARUJA she is on RUN.
Big fraud company Salma malik , Darren , avinash Nagmah. All thiefs.
Stole innocent peoples money by push scam and enjoying 5 star luxury holidays.
1000 phones from salma and priya gohel to invest. No phone after investment was done and blocked me off all groups.
Really uneithical thiefs. Chetan sisodia , ayub malik her son Saqib all group up create a fraud company and steal money.
Not just omina stay away from all these names who actually run scams after scams under the name of different companies.