OmegaPro Trade Review: Recovery scam targeting victims
16OmegaPro Trade fails to provide ownership or executive information on its website.
OmegaPro Trade’s website domain (“omegaprotrade.ltd”), was privately registered on February 11th, 2022.
Despite only existing at best for just under a year, OmegaPro Trade falsely claims it “has been working in the market for 5 years”.
If we look at the source-code for OmegaPro Trade’s website, we learn its running a template:
AA287 is a $45 website template sold by VisualHYIP.
VisualHYIP sells various Ponzi websites and scripts to scammers.
In an attempt to appear legitimate, OmegaPro Trade provides incorporation details for the dissolved UK company Yesss Capital LTD.
An MLM company operating or claiming to operate out of the UK is a red flag.
UK incorporation is dirt cheap and effectively unregulated. On top of that the FCA, the UK’s top financial regulator, do not actively regulate MLM related securities fraud.
As a result the UK is a favored jurisdiction for scammers looking to incorporate, operate and promote fraudulent companies.
For the purpose of MLM due-diligence, incorporation in the UK or registration with the FCA is meaningless.
As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.
OmegaPro Trade’s Products
OmegaPro Trade has no retailable products or services.
Affiliates are only able to market OmegaPro Trade affiliate membership itself.
OmegaPro Trade’s Compensation Plan
OmegaPro Trade affiliates invest USD or USD equivalents in cryptocurrency.
This is done on the promise of advertised returns:
- Starter Plan – invest $30 to $500 and receive 112% after 12 hours
- Pro Plan – invest $300 to $5000 and receive 125% after 48 hours
- Business Plan – invest $500 to $30,000 and receive 140% after 72 hours
- Hot Plan – invest $1000 or more and receive 150% after 72 hours
OmegaPro Trade pays referral commissions on invested funds down three levels of recruitment (unilevel):
- level 1 (personally recruited affiliates) – 3%
- level 2 – 5%
- level 3 – 10%
Joining OmegaPro Trade
OmegaPro Trade affiliate membership is free.
Full participation in the attached income opportunity requires a minimum $30 investment.
OmegaPro Trade solicits investment in USD and various cryptocurrencies.
OmegaPro Trade Conclusion
OmegaPro Trade is a simple Ponzi scheme, aimed at OmegaPro victims.
OmegaPro is a Dubai-based recently collapsed Ponzi scheme run by Andreas Szakacs, Dilawar Singh and Mike Sims.
As I understand it, OmegaPro Trade is being promoted through bogus accounts impersonating OmegaPro’s founders.
As the above screenshot shows, OmegaPro victims are being funnelled into a Telegram group. Telegram is a communication platform synonymous with fraud.
While both OmegaPro and OmegaPro Trade are Ponzi schemes, OmegaPro Trade doesn’t appear to have anything to do with OmegaPro.
As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.
This will starve OmegaPro Trading of ROI revenue, eventually prompting a collapse.
The math behind MLM Ponzi schemes guarantees that when they collapse, the majority of investors lose money.