OmegaPro has received a securities fraud warning from Peru’s Superintendencia de Banca.
It is the second fraud warning issued by the SBS against the company.
As per the SBS’ July 12th warning, OmegaPro is
operating in the country. without being registered or without authorization from the SBS.
It should be noted that according to article 11 of Law No. 26702, General Law of the Financial System and the Insurance System and Organic Law of the Superintendence of Banking and Insurance, any person who intends to collect or receive money from third parties, in the form of a deposit, mutual or any other modality, requires prior authorization from the SBS.
This is the equivalent of a securities fraud warning in other jurisdictions.
SBS declared OmegaPro an illegal business back in December 2020. Despite the classification, OmegaPro continues to be promoted across Peru.
SimilarWeb currently ranks Peru as the second largest source of traffic to OmegaPro’s website (6%, down 19% month on month).
The vast majority of OmegaPro website traffic originates out of Colombia (61%). Colombian authorities issued an OmegaPro fraud warning in February 2022.
OmegaPro is an MLM trading bot Ponzi run by Andreas Szakacs (Sweden), Mike Sims (US) and Dilawar Singh (Germany).
Since launching OmegaPro, all three founders have fled to Dubai, the MLM crime capital of the world.
In addition to Peru, OmegaPro regulatory action has been taken by Congo Republic (multiple arrests), Spain (two fraud warnings), Mauritius, Argentina, Colombia, Chile, Nicaragua, France (added to fraud blacklist twice) and Belgium.