The United States has accused two people, alleging that they have run and promote a crypto investment scheme called Omegapro, which has cheated more than $ 650 million investors.
The Justice Department said on Tuesday that it had charged Michael Shenon Sims in a federal court in Puerto Rico – who is an alleged founder, a strategic consultant and a promoter of Omegapro – and John Carlos Renoso, who claimed that he led Latin America.
Matthew Gallotti, the head of the DOJ’s criminal division, claimed that the couple had “victimized the weak people abroad, who had cheated more than $ 650 million by making false promises of profits and their money was safe.”
Dodge alleges that Omegapro promised a 300 % return
The Department of Justice alleged that Omegapro is a multi -level marketing scheme targeting crypto investors between 2019 and 2023, which sold “investment packages”.
According to the DOJ, Sims and Renoso had allegedly promised that the packages would have 300 % of profit in 16 months through foreign exchange trade through “elite traders”.
Participants were allegedly instructed to buy these investment packages using cryptocurrency.
The purpose of “royal” promo events is to hook up buyers
The two allegedly used fraudulent marketing techniques and “host Shahana Omegapro Promotional Events and Training” worldwide, which included the firm’s firm’s logo on the Burj Khalifa in Dubai.
The Justice Department claimed that the pair also showed expensive holidays, luxury cars and designer items on social media, “to convince current and potential investors that Omegapro was a legitimate business that offered wealth and a luxurious way.”
Omegapro announced that he faced a network hack in January 2023, in which clients were told that their investment was safe and that Dubai’s headquarters firm was transferring his funds to another platform called Broker Group.
However, prosecutors alleged that investors could not withdraw their funds from any platform, as they were transported to the interior by a crypto wallet.
The accused omgapro promoters face 40 years imprisonment
Sims and Renoso are facing allegations of wire fraud conspiracy and money laundering conspiracy, in which each one is sentenced to a maximum of 20 years in prison.
Omegapro’s co -founder Andreas Suzaks was arrested in July 2024 in Turkey for allegedly charging with the $ 4 billion investors by the firm, the allegations he denies.
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