OmegaPro Loses FCA License After Regulators Discover Undisclosed Ponzi Scheme
The Financial Conduct Authority pulled the plug on OmegaPro's regulatory charade. The FCA cancelled OMP Money's registration after discovering the shell company was hiding a 200% return-on-investment Ponzi scheme that OmegaPro never disclosed during the application process.
OmegaPro created OMP Money last year and used the FCA registration to open banking channels and attract investors. In a September marketing video, co-owner Andreas Szakacs called OMP Money "a bank" and touted the FCA registration as a major regulatory win. "At the FCA register you can search for OMP Money and see that we are regulated by the FCA," Szakacs said. "This would be something unique I would say for our industry."
It wasn't unique. It was fraud.
The FCA's deregistration stripped OMP Money of its ability to issue electronic money or provide payment services. OmegaPro quickly disabled the company's website after the action. What started as an internal FCA investigation became a formal cancellation of the license that formed the foundation of OmegaPro's credibility.
The company's regulatory troubles extend far beyond London. Spain, France, Belgium and Peru have all taken action against OmegaPro. Rather than address these issues, OmegaPro decided to distract. On June 3rd, the company announced Brazilian soccer legend Ronaldinho as an "official brand ambassador" and featured him visiting OmegaPro's Dubai office in promotional materials.
Ronaldinho's involvement with Ponzi schemes is not new. In September 2019, he became the face of 18K Ronaldinho, a Brazilian MLM crypto scheme. He collected his cut and abandoned the project after a month. The scheme collapsed six months later in February 2020. A pattern of financial desperation has followed Ronaldinho for years, making him an easy target for scammers looking for celebrity credibility.
Dubai hosting OmegaPro's headquarters was no accident. The city has become the global hub for MLM fraud precisely because it lacks meaningful regulation and extradition treaties. From there, OmegaPro targets vulnerable markets. Alexa traffic data shows the scheme is heavily promoted in Japan, Colombia and Nigeria. Hiring Ronaldinho appears designed to crack into South American markets where his name still carries weight.
The FCA briefly restored OMP Money's registration in December 2021, but only after OmegaPro linked it to another shell company called Viola Money (Europe) Limited. That maneuver bought them three weeks. On January 31st, 2022, the FCA revoked OMP Money's license again and placed restrictions on Viola Money. OmegaPro itself remains unregistered to offer securities anywhere.
What OmegaPro built was a house of cards designed to collapse on schedule. The FCA registration gave it temporary legitimacy. Ronaldinho gave it celebrity muscle. But neither could withstand basic regulatory scrutiny.
🤖 Quick Answer
What regulatory action did the FCA take against OmegaPro's shell company?The Financial Conduct Authority cancelled OMP Money's registration after discovering the entity concealed an undisclosed Ponzi scheme offering 200% returns. OmegaPro had misrepresented OMP Money as a regulated bank during marketing campaigns, exploiting the FCA registration to attract investors and establish banking relationships.
How did OmegaPro misuse the FCA registration?
Co-owner Andreas Szakacs promoted OMP Money as "a bank" in marketing materials, leveraging the FCA registration as proof of regulatory compliance. The company used this false credibility to open banking channels and solicit investor funds, claiming the registration status was unique within their industry sector.
What was the primary violation uncovered during the FCA investigation?
Regulators discovered OMP Money operated as a shell company masking a Ponzi
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