Background of OmegaPro and Reasons for the Criminal Action
OmegaPro, a company claiming to offer investment services, has raised serious concerns in France, leading to a criminal action. Here are the main reasons for this action:
Controversial Operations and Exceptional Returns
OmegaPro, which started its activities in 2019, relied on network marketing (MLM) to attract investors. The company proposed:
- Initially: 300% over 14 months;
- Then: 300% over 16 months;
- And in September 2022: 300% over 26 months with the release of 200% at 16 months and the remainder at a rate of 10% per month.
These exceptional returns attracted the attention of the AMF (French Financial Markets Authority), as we will explain below.
Furthermore, links have been suggested between OmegaPro and known scams in the cryptocurrency field, such as OneCoin, increasing concerns about its legitimacy.
Warnings from the AMF and Non-Authorization in France
The AMF in France repeatedly warned against OmegaPro, stating that the company was not authorized to provide investment services in the country.
This warning was reinforced by adding OmegaPro and affiliated sites, like Businessempire.fr, to the AMF’s blacklist.
Withdrawal Problems and Deceptive Communication
Many testimonials indicate that OmegaPro’s clients/investors have faced significant difficulties in accessing their accounts and withdrawing their funds.
In 2023, the company’s communication shifted to excuses about hacks, suggesting a potential imminent disappearance of OmegaPro and leaving investors without answers or access to their investments.
Establishment in Jurisdictions with Lax Regulations
OmegaPro was registered in Saint Vincent and the Grenadines, a locality where the local financial services authority does not issue Forex trading licenses.
This tactic is common among companies seeking to avoid strict regulations and operate in relative opacity.
Warnings and Advice for Investors
In the face of these dubious practices, the AMF and other financial authorities have issued warnings, advising caution to investors and reminding them that high returns always come with high risks.
These tips aim to protect investors against deceptive promises and undisclosed risks.
All these elements have led to growing mistrust towards OmegaPro and thus the initiation of a criminal action in France. This action aims to protect defrauded investors and hold a company accountable, which, according to the evidence gathered, seems to have operated in a deceptive and illegal manner.