In undated video footage that seems to be directed to OmegaPro victims, Michael Shannon Simms, has bizarrely denied the CFTC has filed fraud fees in opposition to him.
Sims, aka Mike Sims, can be interesting to OmegaPro victims to ship him probably incriminating proof.
Particular proof Sims requests from OmegaPro victims consists of
any communications, direct communications from Andreas or Dilawar, please ship it to me.
Any WhatsApp messages, any threads no matter, ship it to me.
If in case you have any crypto wallets the place they despatched cash or no matter, or you have got entry to the place they paid out cash or no matter, in crypto, discover out.
I heard they’d a gathering (in) Turkey. For those who have been at that assembly in Turkey, or heard about something from Turkey, or recorded something from Turkey, please get that data to me.
Sims goes on to state the explanation he needs this data is to assist OmegaPro victims.
I need to get that data to the appropriate individuals, who can do one thing about what’s been taking place.
I do know people who can discover out the place the supply of those wallets, the place they’re from, and let’s see if we are able to discover out um, what might have occurred to a few of this cash.
“What occurred” is OmegaPro was a Ponzi scheme that collapsed in November 2022. The Ponzi scheme, which is believed to have run into no less than the tons of of tens of millions, is suspected of feeding investor funds into The Merchants Area.
In fact as considered one of OmegaPro’s co-founders, Sims already is aware of all of this.
Sans what was paid out to OmegaPro executives and promoters, co-founders Andreas Szakacs, Dilawar Singh and Sims made off with what was left.
Via Merchants Area alone, Sims stole $84.7 million from shoppers.
Within the aftermath of OmegaPro collapsing, Szakacs and Singh are believed to be hiding out in Dubai. Sims, a US resident has been charged by the CFTC with commodities fraud.
Sims bizarrely goes on to disclaim the CFTC fraud fees filed in opposition to him.
The CFTC is a US-based group. They don’t have any jurisdiction anyplace else on the earth. And so it’s unimaginable for them to have OmegaPro funds frozen.
They’re saying that my funds are frozen. That can be not the case. I’ve my financial institution accounts, I’ve freedom of motion, I’ve belongings.
I consented to the CFTC, which means I’m cooperating with them, to allow them to know they’ll put one thing on maintain, in case there’s one thing it have been discovered, that uh I didn’t know – which makes me responsible for one thing.
I’m 100% cooperating with the CFTC. I informed them that day one, I wanna cooperate.
The rationale why? Due to The Merchants Area scenario.
Matter of truth in case you learn the case, I don’t have any fraud allegations. My solely subject is I launched somebody to Merchants Area. That’s it.
I’m unsure why Sims would blatantly lie in regards to the CFTC case.
That is straight from the CFTC’s February twenty third, 2023, press-release;
The Commodity Futures Buying and selling Fee immediately introduced it filed a civil enforcement motion within the U.S. District Courtroom for the Southern District of Texas, charging fraud and misappropriation in opposition to … Tin Quoc Tran of Katy, Texas (and) … Michael Shannon Sims of both Sunny Isles Seaside, Florida or Roswell or Atlanta, Georgia …
From roughly October 2020 to Could 2022, Brisco and Yas Castellum LLC misrepresented to potential pool contributors Yas Castellum LLC ’s historic buying and selling information; how they might commerce pool participant funds; the place they might preserve pool participant funds; and who would do the buying and selling.
Primarily based on these materials misrepresentations and omissions, no less than 43 pool contributors transferred at least $470,780 to Yas Castellum LLC to take part in its purported commodity pool.
Relatively than commerce pool participant funds, Brisco and Yas Castellum LLC, with the path and help of Sims, transferred the funds to entities Tran managed.
BehindMLM has beforehand reported on an inventory of belongings belonging to Sims, that have been frozen as a part of a consented to injunction.
Moreover, The Merchants Area isn’t talked about within the CFTC’s Grievance (accessible via the CFTC’s public press-release linked to above).
Nonetheless, Sims claims he’s “going to courtroom” to “discover out
We don’t know if Merchants Area, what they have been doing with the funds, in the event that they have been buying and selling the cash. We don’t know any particulars.
We don’t know what occurred with Merchants Area. We’re gonna discover out although, as a result of we’re going to courtroom to seek out out, to determine it out.
And in the event that they did one thing incorrect, we’re gonna make it possible for justice is occurs [sic].
BehindMLM isn’t conscious of any pending non-regulatory civil The Merchants Area associated litigation.
Given none of Sims waffling makes any sense, I could possibly be incorrect however I feel considered one of two issues could be taking place (or each):
- Sims is pre-emptively making an attempt to construct a protection in opposition to pending OmegaPro civil/prison fees; and/or
- Sims is making an attempt to discount his approach out of the CFTC fraud fees and a part of that’s accumulating data from his victims that can assist him throw Szakacs and Singh underneath the bus.
Offering data on to Sims at this stage isn’t going to assist anybody however Sims.
Sims, Andreas Szakacs and Dilawar Singh ran OmegaPro and defrauded shoppers out of tens of millions. They need to every be held accountable for his or her function within the Ponzi scheme and hopefully that occurs in due time.
As a result of nature of OmegaPro (a mixture of wire fraud, commodities fraud, securities fraud and cash laundering), victims with incriminating data ought to as a substitute present it to the CFTC, SEC and DOJ (via the FBI).