Mike Sims co-founded OmegaPro in 2019, pitching investors a 200% return on their money over 16 months. The company collapsed in November 2022. Sims now claims he barely understood its operations, despite his involvement with Dilawar Singh and Andreas Szakacs from the outset.

In a recent video addressed to OmegaPro victims, Sims insists he is "working right now to find out what is going on with the company." He states he resigned last year, but does not specify if his departure occurred before or after the scheme imploded. He suggests his resignation somehow absolves him of responsibility.

"There's a misconception that I was an owner of OmegaPro. That is not true, my role was strategic advisor in OmegaPro," Sims says in the footage. He then claims, "I don't know the compensation plan. I don't know how the business works. I don't know where the servers are. I don't know where the money is." This defense directly contradicts the typical responsibilities of a co-founder or strategic advisor in a multi-million dollar operation.

Sims' history with similar operations undermines these claims of ignorance. The US Commodity Futures Trading Commission (CFTC) filed a civil enforcement action against Sims in February 2023. This lawsuit specifically named him for his role in SAEG Capital, another alleged Ponzi scheme. The CFTC complaint outlined Sims as the individual responsible for handling SAEG Capital's financial operations, including the flow of investor funds.

Before his involvement with SAEG Capital, Sims was reportedly linked to the Traders Domain Ponzi scheme. Through this operation, an estimated $84.7 million was allegedly stolen. Ted Safranko ran Traders Domain before its collapse. The same Ted Safranko later worked on SAEG Capital, creating a direct connection between these separate schemes. Evidence has since emerged suggesting OmegaPro funneled stolen funds into Traders Domain, with Sims serving as the common link between both operations. This pattern of involvement across multiple alleged financial frauds raises serious questions about his stated lack of knowledge regarding OmegaPro.

Sims claims in his video that he has not spoken to Singh or Szakacs in over nine months. This places their last conversation around February 2023, four months after OmegaPro's collapse. He expressed confusion about whether his co-founders did anything wrong. He simultaneously suggested they would have needed to use his name and credibility to build the business in the first place.

"If they did something wrong, that means they used my name and credibility to build the business for them to do something wrong," Sims stated. He then pivoted, adding, "I'm upset because my name has been associated with this craziness and I want, and I'm going to help everyone figure out what happened." He wrapped up his video by stating he does not engage in illegal activities and is cooperating fully with authorities. He asserted he loves people and would never associate himself with anything that harms them.

The documented facts present a different narrative. A man with a history across multiple collapsed Ponzi schemes now claims ignorance about a third one bearing his name. The exact amount Sims personally acquired through OmegaPro remains unclear. His repeated involvement in these alleged operations, however, directly challenges his claims of cooperation and his professed lack of awareness about OmegaPro's inner workings. The CFTC lawsuit against Mike Sims for his role in SAEG Capital remains ongoing.