Summary:
- Arrests: Two executives from the defunct crypto investment platform Omegapro, Robert Velghe (Dutch) and Andreas Szakacs (Swedish), were arrested in Istanbul. Velghe was arrested in September, following Szakacs’ July arrest.
- Omegapro Collapse: Omegapro, founded in 2018 and registered in Saint Vincent and the Grenadines, allegedly defrauded investors out of $4 billion by promising unrealistic returns.
- Fraudulent Promises: The platform offered returns of up to 300% over 16 months before collapsing in late 2022. Investors’ funds were frozen, and the website vanished by July 2023.
- Ongoing Investigation: French prosecutors are investigating after nearly 2,000 victims filed a complaint in February, accusing Omegapro of fraud, breach of trust, and deceptive practices.
- Reinvestment Offer: Instead of recovering their funds, investors were offered a chance to reinvest in a new venture, Go Global. French clients reportedly lost several hundred million euros.
Two executives from the now-defunct crypto investment platform Omegapro have been arrested in Istanbul as part of an ongoing investigation into a $4 billion fraud scandal. According to Turkish media reports, Dutch executive Robert Velghe was arrested on Tuesday, following the July arrest of Swedish co-founder Andreas Szakacs.
Omegapro, which was founded in 2018 and registered in Saint Vincent and the Grenadines, allegedly lured investors with promises of up to 300% returns over 16 months. The platform collapsed at the end of 2022, freezing investors’ funds, and by July 2023, the Omegapro website had disappeared, preventing investors from recovering their money.
French prosecutors have launched an investigation after a complaint was filed in February on behalf of nearly 2,000 victims, accusing Omegapro of fraud, breach of trust, and deceptive practices. French clients reportedly lost several hundred million euros, and investors were later offered the chance to reinvest in a new venture called Go Global instead of recovering their original funds.
The arrest of the two managers is a significant development in the ongoing investigation into what is shaping up to be one of the largest crypto fraud cases in recent years.
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