U.S. charges operators of global crypto scheme
The scheme, which was heavily promoted on social media, allegedly misled investors about the skills and performance of its traders, and about the safety of investors’ assets, authorities said.
According to the indictment, the scheme raised US$650 million worth of crypto from investors as a result of these misrepresentations. However, instead of being used for trading, the assets were allegedly transferred to crypto wallets controlled by OmegaPro executives, insiders and the scheme’s top promoters.
U.S. authorities charged OmegaPro’s alleged founder, Michael Shannon Sims, and the alleged head of its operations in Latin America, Juan Carlos Reynoso, with one count each of conspiracy to commit wire fraud and…
