The most recent spherical of regulatory incompetence within the UK has seen OmegaPro register a shell firm with the FCA.
On its web site OMP Cash markets itself as;
a novel, trendy and accessible system, to offer you every little thing you want on your on a regular basis banking in a world the place digital funds haven’t any boundaries.
What it really is is a shell firm OmegaPro use to pay withdrawals with. Successfully laundering cash by way of service provider accounts obtained by fooling banks.
Being a Ponzi scheme, OmegaPro can’t use its personal identify. Securities fraud warnings have additionally already been issued towards the corporate in France and Spain.
In a advertising video that surfaced in September, OmegaPro co-owner Andreas Szakacs referred to OMP Cash as “a financial institution”.
To that finish OmegaPro included OMP Cash LTD within the UK on April twenty ninth, 2020. It’s the usual meaningless shell incorporation, achieved on-line in a couple of minutes utilizing a digital workplace tackle.
OmegaPro has then registered its OMP Cash LTD shell firm with the FCA.
Naturally OmegaPro isn’t talked about, or the corporate’s fraudulent 200% ROI funding scheme.
Regardless of this, Szakacs presents OMP Cash LTD’s FCA registration as a regulatory triumph.
[0:20] An important factor I would like you to do is to go to the FCA register.
On the FCA register you may seek for OMP Cash and see that we’re regulated by the FCA.
This may be one thing distinctive I’d say for our trade and I’m so joyful to lastly announce this.
Additionally featured within the video is Mike Sims, offered as an OmegaPro co-owner:
Once more, OmegaPro itself will not be registered to supply securities in any jurisdiction. The corporate continues to commit securities fraud the world over.
None of OmegaPro’s co-owners, Andreas Szakacs (Dubai), Mike Sims (US) and Dilawar Singh (Germany), are registered to supply securities of their resident international locations.
On the time of publication Alexa ranks the highest three sources of visitors to OmegaPro’s web site as Japan (55%), Nigeria (13%) and Colombia (11%).
Replace ninth June 2021 – The FCA has revoked OMP Cash’s registration.