Two men are facing serious criminal charges after being accused of running a massive global scam that stole over $650 million from everyday people. They were key figures behind a company called OmegaPro, which promised investors big profits through foreign exchange (forex) and cryptocurrency trading.
Massive Fraud Operation Uncovered
The company operated from 2019 until early 2023. It used flashy events, social media, and online promotions to attract thousands of investors. These investors were told they would earn up to 300% returns in just 16 months. But according to official documents, it was all a lie.
The scam worked like this: people were encouraged to buy “investment packages” using cryptocurrency. The company claimed expert traders were handling the money. They promised safety and big gains. In reality, the money was not used as promised. Instead, it went to the pockets of the people running the scheme.
Ukraine Sanctions 60 Crypto Firms, Including Russia’s LLCA7, Over Military Funding
Lavish Lifestyles and Broken Promises
The leaders of OmegaPro used social media to gain trust. They showed off luxury cars, designer clothes, and exotic vacations. They even projected their logo onto the Burj Khalifa in Dubai, the tallest building in the world. These events were made to make OmegaPro look like a successful and trusted company.
Behind the scenes, things were very different. The people in charge gave out false information. They told investors that the company was legally licensed and secure. At other times, they said OmegaPro was not bound by any country’s laws. This caused many people to believe their money was safe.
In January 2023, OmegaPro claimed that they had suffered a “network hack.” They promised investors that their funds were being transferred to a new platform called Broker Group. But those promises were also fake. Investors could not withdraw their money from either OmegaPro or Broker Group. This left thousands of victims with nothing.
Investigators say the funds were moved through various virtual currency wallets controlled by insiders. This was done to hide the origins of the money and make it harder to track. It is believed that both top members made millions of dollars in profits from the scheme.
???? Digital Heist Unraveled: DOJ Grabs $225 Million in Largest-Ever Crypto Scam Seizure
Serious Charges and International Investigation
The accused individuals are now charged with conspiracy to commit wire fraud and conspiracy to commit money laundering. Each charge can lead to a maximum of 20 years in prison if they are found guilty. These are serious crimes, and the U.S. government is working hard to hold the people responsible.
The investigation was a massive effort involving several agencies including the FBI, IRS Criminal Investigation, and Homeland Security Investigations (HSI). Help also came from international partners in places like Colombia, the U.K., the Netherlands, Australia, Canada, Germany, India, and others.
The Justice Department has made it clear: they are committed to stopping scams like this. They are working with law enforcement around the world to find and charge people who trick others out of their money.
Authorities say this case shows how financial scams can look very real. But behind the flashy events and social media posts, many people lost their savings. The court will now decide the outcome.
For now, everyone charged is presumed innocent until proven guilty in court.