OmegaPro govt Juan Carlos Reynoso has been arrested in Mexico.
Mexican authorities detained Reynoso, a Peruvian nationwide, as a part of a wider investigation into cartel-linked Black Wall Avenue Capital.
Black Wall Avenue Capital operates from Anzures in Mexico Metropolis. There, Reynoso and 4 accomplices had been arrested on March fifteenth.
Reynoso, Hernan Samper Richar, Juan Carlos Minero Alonso, Jose Antonio Rodriguez Garcia and Jose Luis stand accused of cash laundering and drug trafficking.
In simultaneous raids, Mexican authorities additionally seized ~$170,000, packages of cocaine and “long-range weapons”.
On its web site, Black Wall Avenue Capital represents it gives foreign exchange associated monetary companies.
BWC is an impartial funding advisor, regulated by the Mexican authorities, which with a worldwide discretionary asset administration technique, seeks to generate the very best return with the bottom attainable danger throughout the worldwide monetary markets.
Mexican authorities declare Black Wall Avenue Capital is tied to the Jalisco New Era Cartel, headed up by Nemesio Oseguera Cervantes (aka “El Mencho”).
Outdoors of working with Mexican cartels, Juan Carlos Reynoso has promoted and helped run a number of MLM crypto Ponzi schemes.
Reynoso usually targets his fraudulent efforts at Spanish-speaking Latin American victims.
Circa 2018, Reynoso headed up the iComTech Ponzi scheme as CEO.
In November 2022, US authorities arrested iComTech founder David Carmona and a number of other prime promoters.
On the time BehindMLM famous it was odd that Reynoso had prevented arrest.
After iComTech collapsed, Reynoso joined OmegaPro as Normal Supervisor for Latin America.
OmegaPro launched in late 2018 and by 2022, claimed to have 1.8 million traders.
OmegaPro collapsed in November 2022, prompting co-founders Andreas Szakacs, Mike Sims and Dilawar Singh to go underground.
Szakacs (Sweden) and Singh (Germany) are believed to be hiding out in Dubai.
Sims is from the US and resides in Florida. He was not too long ago sued by the CFTC for fraud, along with The Merchants Area’s Ted Safranko.
Though not confirmed, it’s believed there’s a monetary hyperlink between The Merchants Area’s and OmegaPro’s late 2022 collapses.
Reynoso’s arrest in Mexico and Black Wall Avenue Capital introduce yet one more potential cash laundering avenue for OmegaPro.
Whether or not there are any ties between OmegaPro and Mexico’s cartels nonetheless stays unclear.
After OmegaPro collapsed, executives A.Ok. Khalil (US) and Nader Poordeljoo (Netherlands) launched Go International.
Reynoso opted to proceed to defraud customers, signing on as Go International’s Chief Gross sales Officer.
Whereas SimilarWeb tracked tens of millions of month-to-month visits to OmegaPro’s web site all through 2022, there have been lower than 300,000 visits to Go International’s web site in February 2023.
Whether or not Reynoso’s arrest will impression Go International’s enterprise operations stays to be seen.
Getting again to Reynoso’s arrest and trying ahead;
The unit headed by prosecutor Ernestina Godoy introduced that each the firearms, the alleged narcotics and the insured {dollars} in addition to the 5 detainees had been made accessible to the ministerial authority of the Mexico Metropolis Lawyer Normal’s Workplace (FGJ CDMX).
Keep tuned for any additional updates.