According to the US Department of Justice, ChainCatcher reports that Michael Shannon Sims, the founder of OmegaPro, and promoter Juan Carlos Reynoso have been charged with operating and promoting an international investment plan that defrauded investors of over $650 million through false promises of high returns.
Matthew R. Galeotti, head of the criminal division of the US Department of Justice, stated that the defendants defrauded vulnerable individuals of over $65 million, claiming their funds were safe. US Attorney W. Stephen Muldrow said they are committed to dismantling international financial schemes targeting American victims and recovering illegal proceeds through criminal prosecution and asset forfeiture. Joe Perez, assistant director of FBI criminal investigations, stated that the FBI will not tolerate fraud against the American public.
Guy Ficco, chief of IRS criminal investigations, said that OmegaPro promised financial freedom but brought financial destruction, stealing over $650 million from ordinary people and transferring it to virtual currency. Ricardo Mayoral, assistant director of international operations for US Immigration and Customs Enforcement Homeland Security Investigations, stated that this case highlights the critical role of international partners in dismantling transnational financial fraud schemes.
