The Omega Group Ponzi scheme seems to have collapsed, prompting CEO Bartosz Nafalksi to make a forty minute lengthy excuse video.
Nafalski claims to have gotten concerned in cryptocurrency someday in 2018. He states Omega Group CFO Lucas Bozek approached him about beginning up a mining facility.
Along with “Pawel”, a “chief”, and “Konrad”, head of Omega Group help, Nafalski and Bozek outfitted an previous dairy farm for mining.
The enterprise flopped and did not generate revenue.
Fairly than take the loss nonetheless Nafalski claims Bozek satisfied him to recoup their losses by way of MLM.
Omega Group launched in late 2018 and claimed to run
mining farms situated all throughout Europe.
Our GPU miners are working 24h/day to mine essentially the most worthwhile cryptocurrencies for you.
Nafalski doesn’t clarify how, after failing to generate revenue for himself, he pitched Omega Group as a worthwhile mining firm with a straight face.
Clearly Omega Finest did not generate revenue, leading to its collapse earlier this yr.
Fairly than settle for duty for that, Nafalski paints himself as a sufferer.
[12:15] They used my model, my face, to make use of me and also you simply to get the cash in a really perfidiously manner.
Nafalski claims Lucas Bozek (proper) had sole management of funds invested into Omega Group.
[14:15] (The) CFO (of) Omega … was liable for the influx of all of the funds (in)to the corporate.
I imply cryptocurrencies as a result of buying and selling solely passed off solely in cryptocurrencies.
He (Bozek) managed all pockets, I didn’t even have entry to them and I didn’t even know the way it was carried out.
Nafalski states that Bozek introduced on Piotr Baczkowski to help him with the IT aspect of Omega Group.
On the promotion aspect of issues, Nafalski was inspired to fulfill Wojciech Guzda.
Guzda (proper) was a promoter of the FutureNet Ponzi scheme, which collapsed in 2018.
After FutureNet Guzda started selling GainBitcoin, one other Ponzi scheme that collapsed in 2018.
Nafalski has excessive reward for the serial scammer, and credit him as “the person who confirmed me methods to work within the MLM world”.
Prior involvement in Ponzi schemes is a remark thread all through Omega. Nafalski states he later realized Bozek, Pawel and Konrad labored collectively within the Exp Asset Ponzi scheme.
Nafalski claims he has a “good relationship” with Exp Asset founder Patryk Krupinski.
In line with Nafalski, after getting booted out of Exp Asset, Bozek, Pawel and Konrad plotted Omega Group as a rip-off from the start.
[21:34] They got here to me later and, because it turned out, from the start, earlier than they met me and began working with (me), they deliberate and ready the entire operation.
rob and cheat the corporate and our group, customers and me.
And on the very starting deliberate that once they cheat, they might run away with cash, blaming another person.
Nafalski claims he was meant to be that “another person”.
[22:52] It’s my fault and I’m sorry for that. I really feel horrible as a result of I believed them.
I allow them to manipulate me, deceive me and use me. And since (of that) lots of you that adopted me had been additionally manipulated, deceived and used.
Regardless of working as a rip-off since launch again in late 2018, Nafalski claims he solely turned conscious of fraud final vacation season.
[23:28] When did I find out about one thing taking place in Omega?
The primary signs I seen throughout the holidays, when it turned out that I’m going alone to all conferences.
[24:28] And in the intervening time the primary chief from Poland, whom you all know, as a substitute of collaborating in conferences which he organized … he was having fun with his time along with his associates and colleagues in Kiev.
Curiously, Nafalski doesn’t title this Polish Omega Group chief.
Continuous partying with ladies, prostitutes, in brothels and different unusual locations.
Spending €100,000 to €200,000 euro in a weekend for enjoyable. Flying personal jets that he rented for himself, colleagues and ladies.
Ferrari, ladies, alcohol, medication, for some nonsense in only per week. It was tens of millions of euros of my and your cash.
Witnessing this purportedly prompted Nafalski to research additional.
One thing was fallacious.
It turned out that this man, alongside along with his associates, girlfriend, along with his hookers and different individuals who surrounded him, created tons of of pretend accounts within the system.
These accounts have by no means been found due to his accomplice, Lucas, who was Omega’s CFO who ought to supervise such issues, examine and block such accounts, protected and helped him as a substitute.
By mid to late 2019
[27:29] it got here to the purpose that within the Autumn the leaders started solely partying. They now not participated in any initiatives, no conferences.
Principally I, together with a small group (of) a number of severe leaders flew all over the world whereas I used to be critically sick.
Early on the video Nafalski mentions “inside issues” in Poland that he’ll handle in a separate video.
This seems to be in relation to Omega Group associates accepting money in alternate for nugatory funding contracts.
[28:35] These gents accepted big quantities in money, which by no means went to the corporate – it went straight into their pockets.
It was fictitious turnover, extorting cash from naive, usually poor individuals.
All of this was hid and falsified by the monetary director, with whom he had shared the cash and steal with him utilizing faux accounts.
Regardless of realizing Omega Group was going to break down, Nafalski states he “tried (his) finest to avoid wasting the state of affairs throughout November and December”.
By “work”, Nefalski means he continued to encourage individuals to put money into Omega, with the purpose of exit-scamming by way of a pump and dump token.
[29:52] I labored till I may, so long as I used to be in a position to endure, I used to be at assembly in China, Cambodia with Chinese language group to reactive what I may, to enhance it, to extend gross sales of Omega.
I ready in December with our associates from Moscow and Switzerland by way of the Swiss Financial institution, the whole STO course of which was associated to the discharge of the coin associated to the US inventory alternate and the introduction of shares to the inventory alternate, in order that we may tokenize out capital to avoid wasting Omega.
In January 2020 Nefalski disappeared. He now claims he spent up till not too long ago in hospital due to an undisclosed situation.
[0:40] Over the past interval, from the start of January, I used to be in fairly disagreeable locations.
I underwent two operations, right here in Kiev. I spent most of my time in hospital.
I used to be not in a position to operate with so many painkillers, anti-inflammatory medication, antibiotics.
Upon being not too long ago launched, Nefalski claims he realized none of his plans had been adopted by way of on.
[30:55] I left the whole mission I labored on for a very long time to the CFO, who because it turned out later in January, didn’t implement it.
He didn’t really feel like spending a number of euros, a small quantity in comparison with the quantity stolen, to do the STO course of.
I didn’t perceive then, now I perceive that he didn’t need to save Omega however to steal as a lot cash as doable.
I couldn’t do rather more anymore, I used to be already in hospital on the time negotiating with buyers.
[32:29] I’m critically deeply shocked that it was doable to deliver down a superb, gigantic enterprise.
I simply really feel sorry for it, as a result of it’s one and a half years of my wasted life.
The narrative Nefalski pushes is that Omega Group began off as a legit enterprise, however then serial scammers… effectively, scammed.
BehindMLM reviewed Omega Group in Could 2019. We discovered an unregistered securities providing that was possible working as a Ponzi scheme.
Merely put, at no level was Omega Group working as a legit enterprise.
Proof that Nefalski was conscious of that is current at one key level in his video:
[28:04] I heard concerning the state of affairs in Poland, the place this chief with colleagues accepted money, which I strictly forbade to make use of, even contact, as a result of it was determined that we aren’t working with and have by no means might be labored with money as a result of it’s too harmful.
European laws prohibits and doesn’t enable this, considers it’s as a criminal offense.
Working a passive funding alternative, utilizing money or in any other case, is actually not unlawful in Europe.
Supplied in fact you register your securities providing in each nation you solicit funding in.
Omega Group by no means did this. They only ran all over the world illegally soliciting funding.
South-east Asia was closely focused. On the time of publication Alexa estimates Japan alone is the supply of 91% of Omega Group’s web site visitors.
Nefalski’s insistence that Omega Group keep away from money is a transparent try to keep away from regulatory detection. That’s self-awareness of the rip-off.
I’m not saying Nefalski is solely liable for Omega Group’s collapse – however pleading ignorance after the very fact is a stretch.
For his half, Nefalski claims he misplaced cash in Omega.
[33:12] I misplaced my wage, my bonus and my contract with the corporate has expired, and I didn’t obtain the cost for my work.
I misplaced my cash and was not paid, I’ve nothing extra so as to add.
Omega Group seems to have formally deserted buyers earlier this month. On Fb the corporate ceased communication underneath the pretext of being hacked:
Conveniently, all of Omega Group’s earlier social media posts have been deleted.
Over the course of enterprise, Omega Group solicited funding from virtually 100,000 buyers.
Whole investor losses are unknown, as no regulator has up to now sought to carry Nefalski or anybody he labored with accountable.