The US Department of Justice accused the founder of Omegapro crypto project Michael Shannon Sims and promoter Juan Carlos Reynoso in fraud and the abduction of clients worth more than $ 650 million.

The head of the US Ministry of Justice, Matthew Galeotti, said that the defendants had deceived investors from the United States and abroad, giving them false promises of great profits and guaranteeing the preservation of their funds. Sims and his accomplices founded Omegapro in January 2019, and Reino joined them a few months later, in April 2019. The defendants promoted Omegapro as a multi -level marketing cryptocurm, to participate in which investors needed to purchase “investment packages” for digital assets. The depositors were promised a profitability of 300% within 16 months.

To promote the cryptocurrency, Omegapro promoters used marketing techniques that misleading. Reinoso stated the investors that Omegapro acts on the basis of a legal license, and sometimes said that Omegapro was not subject to the legislation of any country. Sims and Reinoso also held advertising events and trainings around the world, and even advertised Omegapro at an event in Dubai in the Burge-Khalifa. In order to convince potential investors of the profitability of crypto schemes, the accused demonstrated luxurious cars, designer things and expensive travels on social networks, the Ministry of Justice added.

In January 2023, the Omegapro project announced a hacking. It was stated to customers that their investments are safe, and the funds would simply be transferred to another platform called Broker Group. However, investors could not withdraw money from any of the platforms.

Last summer, the co -founder of Omegapro Andreas Szakacs was detained in Turkey on suspicion of investors for $ 4 billion. The Sakach denies the charges.