Within the wake of the OmegaPro Ponzi collapsing, co-founder Mike Sims is making an attempt to distance himself from the rip-off.
In not too long ago recorded footage, directed at OmegaPro victims, Sims claims he’s “working proper now … to seek out out what’s going on with the corporate”.
Following on from his involvement within the SAEG Capital and Merchants Area Ponzi schemes, Sims’ declare he doesn’t know “what’s going on” with OmegaPro is laughable.
Sims co-founded OmegaPro with Dilawar Singh and Andreas Szakacs in 2019. Buyers have been pitched on a 200% ROI, paid out over 16 months.
OmegaPro inevitably collapsed in November 2022, leading to widespread client losses.
In his video, Sims goes on to assert he “resigned from the corporate final yr”. Sims doesn’t specify whether or not this was earlier than or after OmegaPro collapsed.
Regardless, Sims infers that his resignation absolves him of culpability.
There’s a false impression that I used to be an proprietor of OmegaPro. That’s not true, my position was strategic advisor in OmegaPro.
I don’t know the compensation plan. I don’t know the way the enterprise works. I don’t know the place the servers are. I don’t know the place the cash is.
Like I mentioned, laughable.
Sims goes on to assert he hasn’t talked to Sazakacs or Singh “in over 9 months”. This timeline places us at or round February 2023, 4 months after OmegaPro collapsed.
Sims goes on to assert he’s “going to work to seek out out what occurred” as a result of he’s “tremendous upset”.
It looks as if they, in the event that they did one thing mistaken once more, I don’t even know. I don’t assume they’re that silly however I don’t even know.
But when they did one thing mistaken, which means they used my title and credibility … to construct the enterprise … for them to do one thing mistaken.
Once more, I don’t know in the event that they did something mistaken. I don’t know what’s taking place. I don’t know.
I’m upset as a result of my title has been related to this craziness and I would like, and I’m going to assist everybody work out what occurred, the place these guys are and what’s happening, as a result of I don’t just like the scenario in any respect. It’s completely ridiculous.
That’s the reality. That’s the info. I’m doing effectively. I don’t do unlawful issues.
I’m 100% cooperating with any authority that desires to do any investigation, as a result of I don’t play these video games with my title, with my credibility and with individuals. I really like individuals, and there’s no manner I’d ever be related to one thing that might do hurt to individuals.
The CFTC sued Sims for involvement within the SAEG Capital Ponzi scheme in February 2023. Sims was cited by the CFTC as dealing with SAEG Capital’s financials.
One other particular person concerned in SAEG Capital is Ted Safranko. Safranko ran the additionally collapsed Merchants Area Ponzi scheme, which Sims reportedly stole $84.7 million by.
OmegaPro is suspected of funnelling stolen funds into The Merchants Area, with Sims being the frequent hyperlink between each Ponzi schemes.
How a lot Sims personally stole by OmegaPro stays unclear.
Sims has beforehand lied in regards to the CFTC’s fraud costs towards him, in addition to his property being frozen.
BehindMLM can’t verify however we suspect Sims is making an attempt to construct a believable deniability protection, forward of pending OmegaPro associated fraud costs.