$650.0 million Global Scam Exposed: OmegaPro Executives Charged with Multiple Felonies
On July 9 (UTC+8), the U.S. Department of Justice announced that Michael Shannon Sims, 48, (Georgia and Florida) and Juan Carlos Reynoso, 57, (New Jersey and Florida) have been indicted for their involvement in a $650.0 million global foreign exchange and cryptocurrency fraud, facing charges of conspiracy to commit wire fraud and money laundering. If convicted, each charge carries a maximum sentence of 20 years in prison. The two were the main individuals in charge of OmegaPro, suspected of inducing users to purchase products with cryptocurrency through false promises of a 300% profit in 16 months, and flaunting wealth to attract more investors, ultimately transferring the funds into wallets under their control. The Department of Justice stated that it will continue to crack down on such transnational financial scams. (Source: The Block) [MetaEra]
$650.0 million Global Scam Exposed: OmegaPro Executives Charged with Multiple Felonies
On July 9 (UTC+8), the U.S. Department of Justice announced that Michael Shannon Sims, 48, (Georgia and Florida) and Juan Carlos Reynoso, 57, (New Jersey and Florida) have been indicted for their involvement in a $650.0 million global foreign exchange and cryptocurrency fraud, facing charges of conspiracy to commit wire fraud and money laundering. If convicted, each charge carries a maximum sentence of 20 years in prison. The two were the main individuals in charge of OmegaPro, suspected of inducing users to purchase products with cryptocurrency through false promises of a 300% profit in 16 months, and flaunting wealth to attract more investors, ultimately transferring the funds into wallets under their control. The Department of Justice stated that it will continue to crack down on such transnational financial scams. (Source: The Block) [MetaEra]
