FinTelegram has reported on the fraudulent crypto MLM schemes OMNIA Tech and OmegaPro several times in the past. This week, various media outlets have reported the arrest of Robert Velghe in Turkey, who has played a crucial role in both scams. The OmegaPro MLM scam is believed to have stolen around $4 billion from victims worldwide. Here is our update with a request for additional information from whistleblowers.
OmegaPro Key Points:
- OmegaPro, a global crypto-based Forex Ponzi scheme, has defrauded victims of an estimated $4 billion since 2018.
- Two key figures, Andreas Szakacs and Robert Velghe, were arrested in Turkey following high-profile raids.
- Velghe, previously involved in the crypto-MLM scam OMNIA Tech, continues to attract attention for his role in multiple other crypto-MLM scams.
Short Narrative:
Founded in 2018 and registered in the Caribbean, OmegaPro presented itself as a high-return investment platform using an “automated trading” algorithm. Promising investors returns of up to 300% over a maximum of 16 months, OmegaPro was actually a Ponzi scheme that paid early investors using funds from new victims. The scheme began to unravel in late 2022, with the platform ceasing withdrawals by November, and disappearing completely by July 2023.
Recent developments have brought the scheme back into the spotlight with the July 2024 arrest of OmegaPro co-founder Andreas Szakacs, a Swedish-Turkish national, in Istanbul. Following this, Robert Velghe, a key executive involved in the scam, was arrested in Turkey on September 5, 2024, after attempting to evade detection by Turkish authorities.
Velghe, who was previously connected to OMNIA Tech—a notorious MLM scam that defrauded thousands of small investors—continues to face legal scrutiny for his involvement in large-scale crypto frauds. Turkish authorities have uncovered substantial evidence linking OmegaPro’s operations to the infamous OneCoin scam, with transactions worth $160 million traced from seized wallets. OmegaPro is now estimated to have caused total victim losses of up to $4 billion.
Actionable Insight:
One detail that caught our attention was the mistaken identity of Robert Velghe. Media sources referred to Velghe as a Dutchman, but he was, in fact, an Austrian resident. Velghe’s involvement in OMNIA Tech, an earlier Ponzi scheme that defrauded thousands, has raised questions about his continued role in the MLM fraud space.
This case urgently calls for law enforcement and regulators to tighten their oversight. OmegaPro, along with scams like IcomTech, OneCoin, and USI Tech, demonstrates how cryptocurrencies have become tools for global fraud.
Read our reports on Robert Velghe here.
Call for Information:
We urge victims or anyone with relevant information about OmegaPro or other crypto or MLM fraud schemes to come forward as authorities continue their investigation into the multi-billion-dollar fraud.
