A Ponzi scheme operating out of Dubai has finally faced arrest in Congo Republic after authorities declared war on the fraudulent operation that fleeced thousands of residents.

Jean-Pierre Nonault, who leads Congo Republic's National Financial Institutions under the Ministry of Finance, made the accusation public on April 4th during a press conference in Brazzaville. OmegaPro, he said bluntly, is a pyramid scheme. The company, he added, wasn't even registered in the country and promoters were actively extorting money from Congolese citizens.

Arrest warrants landed on two national OmegaPro managers. Three days later, Congo Media Time reported that Prince Bakaba and Beri Mayembo had turned themselves in for interrogation. According to his LinkedIn profile, Bakaba operates as a Platinum Leader for OmegaPro, a position he's held since 2019. Additional unnamed suspects also faced arrest.

The operation marks a joint effort between Congo's National Financial Institutions and police. Nonault ordered both departments to dig deeper, warning that OmegaPro was engaged in securities fraud and operating an unregistered financial scheme that had victimized thousands.

The company itself runs an MLM trading bot Ponzi controlled by three men: Andreas Szakacs from Sweden, Mike Sims from the United States, and Dilawar Singh from Germany. All three relocated to Dubai, the global hub for MLM scams, to operate the scheme.

Nonault acknowledged the geographic problem facing his country's regulators. OmegaPro's Dubai headquarters puts it beyond Congo Republic's reach—the UAE has no extradition treaty with the country. It remains unclear whether Congo's financial authorities plan to pursue the scheme's operators internationally.

The crackdown in Congo Republic follows regulatory action across multiple continents. Spain has issued two fraud warnings. Mauritius, Argentina, Colombia, France, Peru, Belgium, and Chile have all taken action against OmegaPro. Traffic data from SimilarWeb reveals the scheme's reach: Colombia drives 50 percent of website traffic, France accounts for 9 percent, and Nigeria brings in 5 percent.

Nonault used the moment to sound an alarm beyond Congo's borders. He called on media outlets to educate the public about Ponzi schemes and warn citizens about unregistered companies promising returns on savings. Thousands, he said, had already lost money by trusting their savings to outfits that never bothered registering with his department. The battle to stop such scams, he made clear, requires more than arrests—it requires public awareness.

🤖 Quick Answer

What is OmegaPro and why did Congo Republic authorities take action against it?
OmegaPro is a fraudulent Ponzi scheme based in Dubai that operated illegally in Congo Republic without registration. Authorities arrested national managers Prince Bakaba and Beri Mayembo after the scheme defrauded thousands of Congolese citizens through pyramid scheme tactics and extortion.

Who exposed OmegaPro's illegal activities in Congo Republic?
Jean-Pierre Nonault, head of Congo Republic's National Financial Institutions under the Ministry of Finance, publicly declared OmegaPro a pyramid scheme during an April 4th press conference in Brazzaville, prompting official action against the fraudulent operation.

How did OmegaPro managers respond to arrest warrants?
Prince Bakaba and Beri Mayembo, identified as national OmegaPro

🔗 Related Articles

- OmegaPro co-founder Mike Sims distances himself from Ponzi
- OmegaPro & OMP Money securities fraud warning by Colombia
- OmegaPro’s Andreas Szakacs arrested in Turkey
- Go Global Review: Collapsed OmegaPro Ponzi rebooted
- Colombia fined three OmegaPro scammers for fraud in 2022