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US Department of Justice sues $650 million forex and cryptocurrency scam organization OmegaPro
Summary: According to reports, the US Department of Justice announced that the founders of the international scam project OmegaPro are being sued for conducting a global $650 million forex and cryptocurrency investment scam. Georgia resident Michael Shannon Sims (48) and New Jersey resident Juan Carlos Reynoso (57) marketed forex investment packages to investors through a multi-level ...
According to reports, the US Department of Justice announced that the founders of the international scam project OmegaPro are being sued for conducting a global $650 million forex and cryptocurrency investment scam. Georgia resident Michael Shannon Sims (48) and New Jersey resident Juan Carlos Reynoso (57) marketed forex investment packages to investors through a multi-level marketing scheme, promising a 300% return within 16 months and requiring payment in cryptocurrency.
The indictment shows that the defendants' team created a luxurious image by showcasing luxury cars, vacation photos, etc., and later froze investors' funds under the pretext of being hacked to prevent withdrawals, transferring the funds to a cryptocurrency wallet controlled by executives. Sims is the founder and promoter of OmegaPro, while Reynoso leads the company's operations in Latin America and the United States. Both defendants face two counts of conspiracy charges, with a maximum sentence of 20 years in prison for each if convicted.
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Link: US Department of Justice sues $650 million forex and cryptocurrency scam organization OmegaPro [Copy]
