OmegaPro founder accused of running over $650 million cryptocurrency scam

According to Foresight News, US federal prosecutors have charged 48 year old Michael Shannon Sims and 57 year old Juan Carlos Reynoso with conspiring to commit wire fraud and money laundering. Sims and Reynoso established the OmegaPro multi-level marketing plan in January 2019, instructing investors to use virtual currency to purchase "investment packages" and promising elite traders to generate huge profits through forex trading, involving a scale of $650 million.