A cryptocurrency investment scheme called OmegaPro has now been flagged by regulators in five different countries as authorities close in on what appears to be an international fraud operation.

Chile's Financial Market Commission issued the warning in August 2021, grouping OmegaPro alongside Binance and Swedencap as unauthorized operators offering financial services without supervision. The designation carries the weight of a formal securities fraud warning in other jurisdictions. Spain, France, and Peru have all issued similar regulatory alerts. Britain's Financial Conduct Authority went further, deregistering OmegaPro's shell company OMP Money—not once, but twice.

Three men run the operation: Andreas Szakacs, Mike Sims, and Dilawar Singh. They claim to operate from Dubai, a emirate known as a haven for multilevel marketing scams.

The numbers tell a troubling story. Traffic data shows OmegaPro targets investors in countries with limited regulatory oversight. Japan accounts for 35% of their web traffic, Colombia 16%, and Nigeria 9%. OmegaPro holds no securities registration in any of these markets.

The pattern is clear. Regulators across multiple continents have identified the same problem: a single company peddling investment opportunities in jurisdictions where it has zero legal authorization to do business. Each warning from Chile to Spain to France to Peru to the UK amounts to the same message—stay away.

What makes OmegaPro's reach particularly concerning is how they've zeroed in on regions where investors may lack access to established financial institutions or where regulatory enforcement remains spotty. Japan's large retail investor base, Colombia's growth-hungry middle class, and Nigeria's young population eager for wealth-building opportunities all represent potential goldmines for fraudsters.

The fact that regulators felt compelled to name them alongside major exchanges like Binance suggests they view OmegaPro as a significant threat. The repeated deregistration of their OMP Money subsidiary indicates the operators simply rebranded and continued operations when shut down.

For anyone contacted by OmegaPro with promises of returns on cryptocurrency or forex investments, the message from five separate regulatory bodies is unambiguous: this company has no legal standing to take your money.

🤖 Quick Answer

What is OmegaPro and why has it been flagged by international regulators?
OmegaPro is a cryptocurrency investment scheme flagged by financial authorities in multiple countries including Chile, Spain, France, Peru, and the United Kingdom as an unauthorized operator offering financial services without proper supervision. Regulators have identified it as an apparent international fraud operation run by three individuals claiming to operate from Dubai.

Which regulatory bodies have issued warnings against OmegaPro?
Chile's Financial Market Commission issued the initial warning in August 2021, followed by similar alerts from Spanish, French, and Peruvian regulators. The British Financial Conduct Authority took further action by deregistering OmegaPro's shell company OMP Money twice, indicating serious regulatory concerns across multiple jurisdictions.

Who operates the OmegaPro scheme?
The operation is run by three men: Andreas Szakacs, Mike S

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