The duo allegedly used lavish Dubai events and luxury displays to lure investors into a bogus forex scheme that collapsed in ...

Michael Shannon Sims, a founder and promoter of OmegaPro, and Juan Carlos Reynoso, who led OmegaPro’s operations in Latin ...

Two men are facing serious criminal charges after being accused of running a massive global scam that stole over $650 million ...

Federal prosecutors have indicted two men concerning a massive cryptocurrency investment fraud scheme that defrauded victims ...

Sims and Reynoso allegedly lured thousands of victims worldwide to purchase “investment packages” from OmegaPro using ...

US prosecutors charge two men for orchestrating a $650 million OmegaPro crypto scam promising 300% returns, facing up to 20 ...

Michael Shannon Sims and Juan Carlos Reynoso were indicted for their roles in operating and promoting OmegaPro, an international investment scheme that defrauded victim investors of over $650 million, ...

Two men have been charged with allegedly running a global crypto investment scam that took more than US$650 million from ...

The US Justice Department has Michael Shannon Sims and Juan Carlos Reynoso for allegedly operating and promoting a crypto ...

Michael Shannon Sims, a founder and promoter of OmegaPro, and Juan Carlos Reynoso, who led OmegaPro’s operations in Latin America and some parts of the U.S.

OmegaPro was established in early 2019, by Sims and others. According to the document, the defendants and others promised investors 300% return over 16 months through foreign exchange trading.