Congo Republic’s Director Normal of Nationwide Monetary Establishments, Jean-Pierre Nonault, has said OmegaPro is a “Ponzi kind rip-off”.
The declaration follows arrest warrants issued in opposition to two nationwide OmegaPro managers.
The Nationwide Monetary Establishments is a part of Congo Republic’s Ministry of Finance.
Nonault’s feedback on OmegaPro have been made at an April 4th press-conference in Brazzaville.
Reporting on the press-conference, Agence D’Data D’Afrique Centrale writes;
The exercise is described as a rip-off by the Director Normal of Nationwide Monetary Establishments, Jean-Pierre Nonault.
It’s a pyramid or “Ponzi” kind rip-off, mentioned Jean-Pierre Nonault.
Nonault went as far as to say OmegaPro promoters have been extorting cash from Congolese residents.
The arrest warrants are a part of a joint operation between Congo Republic’s Nationwide Monetary Establishments and police. Nonault has ordered each departments to additional examine OmegaPro.
Nonault additionally warned OmegaPro was engaged in securities fraud.
Omega-Professional shouldn’t be a microfinance, it isn’t an organization registered in Congo and the variety of savers shouldn’t be recognized (…).
There may be already a tool regarding monetary delinquency that we are going to use to place an finish to this rip-off.
Nonault acknowledged OmegaPro is operated out of Dubai, the MLM rip-off capital of the world. It’s unclear whether or not the Nationwide Monetary Establishments intends to deal with OmegaPro promotion past its personal borders.
Like most international locations, the UAE doesn’t have an extradition treaty with Congo Republic.
Citing hundreds of victims of fraud, Nonault went on to urged the media to unfold data on the risks of investing in Ponzi schemes.
Hundreds of people have been robbed by agreeing to entrust their financial savings to corporations which might be usually not registered with this division.
The media have a task to play within the data marketing campaign and the popularization of the laws in drive, with a view to stopping this sort of scandal.
Three days later Congo Media Time reported the arrest of Prince Bakaba and Beri Mayembo. The pair had beforehand turned themselves in for interrogation.
On LinkedIn Bakaba goes by Dorian Prince Bakaba. He claims to be a Platinum Chief inside OmegaPro.
Bakaba seems to have joined and begun selling the Ponzi scheme again in 2019.
Presumably as a result of language-barriers, I wasn’t capable of finding something on Mayembo.
Extra arrests of unnamed OmegaPro suspects are additionally reported to have been made.
OmegaPro is an MLM buying and selling bot Ponzi run by Andreas Szakacs (Sweden), Mike Sims (US) and Dilawar Singh (Germany).
All three have relocated from their respective residence international locations to Dubai.
Along with Congo Republic, OmegaPro regulatory motion has been taken by Spain (two fraud warnings), Mauritius, Argentina, Colombia, France, Peru, Belgium and Chile.
SimilarWeb presently ranks prime sources of visitors to OmegaPro’s web site as Colombia (50%), France (9%) and Nigeria (5%).