Following withdrawals being disabled for 2 weeks and ongoing web site points, BehindMLM is looking OmegaPro’s collapse.
OmegaPro associates started reporting being locked out of their accounts on or round November seventh.
This was remedied however associates had been nonetheless blocked from coming into the foreign exchange part of OmegaPro’s web site, via which the Ponzi scheme is run.
As BehindMLM understands it, initially makes an attempt to entry the foreign exchange part of OmegaPro’s web site return a “520 HTTP error”. This can be a CloudFlare error code and displays an issue on OmegaPro’s finish.
Right this moment OmegaPro has changed the CloudFlare error with rotating Korean and Italian server upkeep messages.
OmegaPro’s ongoing login points have escalated into withdrawal issues, first reported on or round November twentieth.
On the time withdrawal requests put in on November fifteenth remained excellent. As we strategy the tip of November, these withdrawal requests nonetheless haven’t been paid out.
Because it stands some OmegaPro associates seem to have the ability to log in. Most can’t. No one has been capable of withdraw for many of November.
OmegaPro first publicly addressed log in and withdrawal issues on November 18th:
On November twenty second, OmegaPro adopted up by informing affiliate traders their account password could be reset.
Unofficially rumors of a hack have been doing the rounds in closed high chief OmegaPro teams. I haven’t seen something official.
What I can verify is it doesn’t take the higher a part of a month for a corporation to kind out unexplained technical issues. OmegaPro’s blocked entry and withdrawal issues are typical of a Ponzi scheme collapsing.
Additionally including gasoline to the hearth is
- OmegaPro’s lately introduced PulseWorld XPL token exit-scam; and
- retroactively growing the maturity interval of current funding contracts from 16 months to 24 months.
If I needed to guess, one thing went flawed with transitioning or initiating plans to transition to XPL token withdrawals.
There is just one purpose a Ponzi scheme stops paying out. OmegaPro doesn’t wish to pay any extra of what’s left of precise cash out, and that has result in the present scenario.
As a substitute of addressing log in issues and disabled withdrawals, OmegaPro is busy selling Eric Worre’s upcoming Digital Go Professional convention.
By means of affiliation with OmegaPro, GSPartners and EvoRich to call just a few, Worre, an MLM veteran with many years of expertise, is quick changing into the face of MLM associated monetary fraud in Dubai.
Introduced on by company as Official Strategic Coach, Worre is tasked with coaching OmegaPro associates in recruiting new victims.
A part of the undisclosed monetary association seems to be funneling OmegaPro traders into Worre’s “Go Professional” occasions.
Tickets begin at $497 and high out at $4997. Worre claims he offered 65,000 tickets to final 12 months’s occasion.
Whether or not OmegaPro restarts their collapsed Ponzi scheme stays to be seen. It’s nonetheless a risk, however as soon as a Ponzi collapses the writing is on the wall.
Reboots don’t final so long as the unique run – with all however the dumbest of traders bagholding whereas everybody else cashes out.
Launched in 2019, OmegaPro is a Dubai based mostly Ponzi scheme run by serial scammers Andreas Szakacs (Sweden), Mike Sims (US) and Dilawar Singh (Germany).
OmegaPro has been cautious to not goal the US, and as a substitute has targeted on scamming traders in third-world international locations.
Of the two million visits SimilarWeb tracked to OmegaPro’s web site in October 2022 (down from 2.6 million in September), 43% had been from Colombia, 18% had been from Argentina and eight% had been from Mexico.
So far OmegaPro has obtained regulatory fraud warnings from France, Belgium, Congo Republic (a number of arrests), Spain (two fraud warnings), Mauritius, Argentina, Colombia, Peru, Chile and Nicaragua.
Pending unlikely intervention by regulators in Dubai, or OmegaPro rebooting its collapsed Ponzi scheme, we’ll preserve you posted.