OmegaPro funds seized by UK authorities (OneCoin?)

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OmegaPro funds have been seized by UK authorities.

The regulatory motion occurred by OMP Cash, a UK shell firm arrange by OmegaPro to entry banking channels.

OMP Cash was in flip tied to Viola Cash, which was shut down by UK authorities final December.

The background on these newest developments is a bit difficult so I’ll begin in the beginning.

OmegaPro is an easy 200% ROI Ponzi scheme.

In an effort to entry conventional banking channels, OmegaPro included the UK shell firm OMP Cash in April 2020.

OmegaPro co-founder Andreas Szakacs pitched OMP Cash as “a financial institution”. He introduced it as an integral a part of OmegaPro’s regulatory compliance;

An important factor I need you to do is to go to the FCA register.

On the FCA register you may seek for OMP Cash and see that we’re regulated by the FCA.

This is able to be one thing distinctive I’d say for our business and I’m so comfortable to lastly announce this.

OMP Cash accessed banking channels by Viola Cash, one other UK shell firm.

OMP Cash first bumped into regulatory issues in June 2021, whereby the FCA deregistered the corporate.

OMP Cash would stay deregistered till December 2021, whereby it was briefly reinstated earlier than being deregistered once more.

Viola Cash was arrange as V-Pockets (Europe) in July 2015. In Could 2019 the corporate was renamed Viola Cash (Europe).

Viola Cash registered with the FCA just a few months after the identify change in November 2018.

Viola Cash supplied shoppers with entry to GBP and EUR fee processor companies, in addition to banking and pay as you go debit card companies.

Viola Cash performed banking companies by ClearBank (UK) and LHV Financial institution (Estonia)

As reported by Interpath;

On 22 October 2021, ClearBank notified each Viola Cash and the FCA that it had determined to terminate its settlement for the availability of banking companies to the Firm with fast impact.

The explanations given by ClearBank included that following a evaluate of the Firm’s exercise they’d famous:

-Uncommon fee requests;

-Monetary crime typologies; and

-An lack of ability for the Firm to adequately and successfully monitor transactions.

LHV Financial institution adopted go well with and gave Viola Cash 60 days discover it was terminating their settlement on October twenty ninth.

The FCA initiated motion in opposition to Viola Cash on November 2nd.

On November twenty fifth, LHV Financial institution terminated Viola Cash’s banking settlement “with fast impact”.

The FCA deregistered Viola Cash on December 14th.

Two Interpath staff would later be appointed Joint Particular Directors (Receiver equal).

In a February ninth fifty-six web page report, Interaction disclosed;

The information of the Firm are inaccurate and incomplete – for instance, the Firm doesn’t seem to have beforehand carried out a buyer funds reconciliation and buyer account balances per the Firm information considerably differ to the precise balances held at monetary establishments.

It’s at present unsure whether or not we will make a distribution to clients.

This displays that the shopper funds are largely not at present managed by the JSAs

A listing accompanying the report reveals €8454 EUR belonging to “OmegaPro Providers Ltd” has been seized.

OmegaPro Providers Ltd is one more UK shell firm tied to OmegaPro.

OmegaPro Providers Ltd was included in Could 2019 and operates out of a Cardiff PO Field. Per Anders Kagestedt, purportedly a Swedish nationwide, is listed as the only real Director.

Upon Viola Cash operating into regulatory issues, the stooges put in cost bailed.

Once more from Interpath’s report;

The shareholders of Viola Cash are Stephen John Davies (90.5%) and David Barclay (9.5%).

David Barclay and Mary-Ann Townsend are administrators of the Firm and are additionally the individuals answerable for the administration of its digital cash.

On or round 8 December 2021, Mr Barclay, the CEO and director of the Firm, is known to have resigned with fast impact.

We now have written to each David Barclay and Mary-Ann Townsend as the administrators of the Firm as reported on Firms Home to request they full and return a Assertion of Affairs.

David Barclay has suggested he resigned as a director of the Firm on 8 December 2021 and now not has entry to the fabric required to finish a Assertion of Affairs in any significant means.

Mary Ann Townsend suggested that she shouldn’t be conscious of the data requested throughout the Assertion of Affairs as her position was primarily the Cash Laundering Rules Officer for the Firm.

As such we’ve got not acquired a Assertion of Affairs so far.

Stephen John Davies, Viola Cash’s majority shareholder, doesn’t seem to exist. If Interaction’s correspondence with Barclay and Townsend was in writing, I’d proffer they don’t exist both.

UK incorporation and fraud have been synonymous for many years.

Who was really operating Viola Cash (which was clearly half of a bigger cash laundering syndicate), brings us to an attention-grabbing Feb twenty second article from the Occasions.

Sadly the article is paywalled – however its introduction was sufficient to catch my consideration.

A self-styled “fintech” funds enterprise was authorised by the Metropolis regulator whereas its founder was topic to a cash laundering investigation associated to the infamous multibillion-pound OneCoin rip-off.

A brand new report from directors has revealed that “nearly all” the funds managed by the enterprise are topic to freezing orders from HM Income & Customs or police forces.

Now I’ve searched excessive and low for a “new report” from Interpath, and the most recent I might discover was the Feb ninth report cited above.

If there’s a brand new report it’s not on their web site.

Sadly The Occasions don’t disclose how they’re tying Viola Cash to OneCoin. OneCoin isn’t talked about wherever in Interpath’s February ninth report.

Nonetheless my very own analysis led me to the tail-end of a dialogue on Viola Cash’s shutdown – referencing a February 2021 UK court docket case.

Sadly this text from Court docket Information UK is additionally behind a paywall.

However like The Occasions’ article, we glean attention-grabbing info from what is on the market.

A cash launderer rinsed over £75 million from a rip-off primarily based on a nugatory cryptocurrency referred to as ‘OneCoin,’ a court docket heard.

Christopher Hamilton, 62, is alleged to have laundered as much as US {Dollars} 105m from the American scheme wherein buyers had been promised unbelievable charges of threat free revenue.

However the OneCoin was nugatory and Hamilton was arrested at his dwelling in Cowbridge, close to Bridgend in south Wales in April 2016.

I’ve by no means heard of Christopher Hamilton. Neither is his 2016 OneCoin cash laundering arrest within the UK referenced wherever on BehindMLM.

What on Earth is occurring right here?

Primarily based on what’s publicly out there, I can’t reply that. However bear with me as a result of the rabbit gap will get even deeper…

In April 2019 Dominic Welsh, some schmuck within the UK, was prosecuted over a bungled blackmail try.

WalesOnline fortunately gives us with a freely accessible article;

An ex-marine blackmailed a “petrified” firm director at his household dwelling about an alleged $32m debt, a court docket heard.

Cardiff Crown Court docket heard Dominic Welsh positioned his alleged sufferer’s household below surveillance and threatened violence in an try to get better cash his employers believed they had been owed.

The “sufferer” is none apart from Christopher Hamilton, recognized as “a director for greater than a dozen corporations within the UK and overseas.”

Prosecutor Christopher Rees mentioned: “It’s significantly chilling that the defendant was additionally monitoring Mr Hamilton’s spouse and daughter and even daughter’s boyfriend as a part of the plot to demand cash from him.”

The court docket heard a message was discovered on Welsh’s telephone from June 7, 2017, saying: “On the debt we’re nearly able to make our transfer.

“We’re gonna hit about 4 targets without delay. A pair we’re gonna simply slap round and threaten their households however the different two we are going to put it on them closely.”

In his proof Welsh mentioned he was paid $10,000 a month for his work and was as a consequence of earn a $30,000 bonus if he helped his shoppers to “get better” the cash.

Who was Dominic Welsh, the alleged blackmailer, working for?

Prosecutors allege American businessman Gilbert Armentar and his affiliate William Morro employed Welsh to get better funds they believed they had been owed.

That’s Gilbert Armenta, OneCoin founder Ruja Ignatova’s secret lover.

Armenta (proper) was indicted and arrested within the US in 2017.

Armenta pled responsible to 5 counts of fraud, and is at present awaiting sentencing.

William Morrow is believed to be a pseudonym utilized by Segun Onibalusi.

Onibalusi, a Nigerian nationwide, seems to be an confederate working with/for Armenta.

Dominic Welsh was acquitted in April 2019.

Curiously, I used to be unable to find out the end result of Christopher Hamilton’s OneCoin cash laundering case.

What I can verify is Christopher Hamilton additionally seems to be The Occasions’ hyperlink between Viola Cash and OneCoin.

Whether or not UK authorities are nonetheless investigating Viola Cash, and whether or not any of that can result in motion in opposition to OmegaPro, is unclear.

OMP Cash markets fee processor companies on its nonetheless lively web site.

OMP Cash has determined to make a custody account service out there to all its customers which is now as simple as a checking account.

Safe your cash with us, now!

Who OMP Cash and OmegaPro at the moment are offering these companies by shouldn’t be disclosed.

OmegaPro is run by co-founders co-owners Andreas Szakacs (Sweden), Mike Sims (US) and Dilawar Singh (Germany).

Szakacs, Sims and Singh run OmegaPro from Dubai, the MLM rip-off capital of the world.

To date OmegaPro has attracted regulatory consideration in Colombia,  Spain, France, Peru, Belgium and Chile.



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