Michael Shannon Sims, known in the MLM industry as Mike Sims, has consented to a preliminary injunction. The injunction pertains to commodities fraud charges brought by the CFTC. The CFTC’s January 2023 filed charges are in relation to a series of Ponzi schemes run by Sims (below), Todd Brisco (Sims’ brother in law), Tin Tran, […]
Mike Sims consents to Yas Castellum Ponzi injunction Read More »
OmegaPro executive Juan Carlos Reynoso has been arrested in Mexico. Mexican authorities detained Reynoso, a Peruvian national, as part of a wider investigation into cartel-linked Black Wall Street Capital. Black Wall Street Capital operates from Anzures in Mexico City. There, Reynoso and four accomplices were arrested on March 15th. Reynoso, Hernan Samper Richar, Juan Carlos
OmegaPro’s Juan Carlos Reynoso arrested in Mexico Read More »
There have been rumblings that OmegaPro’s collapse is tied to The Traders Domain, a non-MLM Ponzi scheme that also collapsed in late 2022. The implication being that OmegaPro investor funds were commingled into The Traders Domain, which was running its own Ponzi. I haven’t been able to verify anything, and I still can’t – at
Was OmegaPro tied to collapsed The Traders Domain Ponzi? Read More »
Go Global was hastily put together following OmegaPro’s collapse in late 2022. Go Global operates from the website domain “goglobal.network”, privately registered on December 24th, 2022. At time of publication Go Global’s website fails to provide ownership or executive information. From Go Global’s prelaunch marketing material however, we learn the company is headed up by:
Go Global Review: Collapsed OmegaPro Ponzi rebooted Read More »
I kind of figured after OmegaPro collapsed, likely causing hundreds of millions in losses to consumers in the process, that Eric Worre would stop attaching his name to Ponzi schemes. Boy was I wrong. After distancing himself from OmegaPro as it collapsed last November, Worre has resurfaced as the face of the Go Global reboot.
Eric Worre to front OmegaPro Ponzi reboot Go Global Read More »
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 Review: Recovery scam targeting victims Read More »
Following on from our coverage of Angie Amaya’s fine, I’ve since learnt that three OmegaPro scammers were fined by the SFC in 2022. The SFC also issued a second OmegaPro securities fraud warning. And, as late as December 29th, ordered yet another Colombian OmegaPro promoter to stop scamming. Angie Amaya’s $8564 OmegaPro fine was handed
Colombia fined three OmegaPro scammers for fraud in 2022 Read More »
OmegaPro Ponzi promoter Angie Vanessa Pineda Amaya has been fined. Amaya was one of eight scammers ordered to cease promoting OmegaPro in May 2021. A year later, an internal investigation by Superintendencia Financiera de Colombia (SFC) revealed Amaya had failed to comply. This prompted the SFC to issue Amaya with a $40 million COP fine
OmegaPro scammer Angie Amaya fined $8.5K in Colombia Read More »
Last month OmegaPro revealed the end of its Ponzi exit-scam; Broker Group. If we look at the source-code for Broker-Group’s website, we notice something strange: There are fifty-three references to the domain “evolve.markets”. Evolve Markets is a cryptocurrency trading platform that seemingly has nothing to do with OmegaPro or Broker Group. A BehindMLM reader contacted
Evolve Markets claims OmegaPro’s Broker Group “stole” design Read More »
Following OmegaPro’s collapse earlier this month, the Ponzi scheme has also now completed its exit-scam. In an “urgent client communication” sent out a few hours ago, OmegaPro informed investors it had sold its investor database to Broker Group. As per OmegaPro’s exit-scam communication; Following the recent cyber-attack and after the introduction of extensive cyber security
OmegaPro exit-scam complete, Broker Group reboot Read More »
