In undated video footage that seems to be directed to OmegaPro victims, Michael Shannon Simms, has bizarrely denied the CFTC has filed fraud expenses towards him.
Sims, aka Mike Sims, can be interesting to OmegaPro victims to ship him probably incriminating proof.
Particular proof Sims requests from OmegaPro victims contains
any communications, direct communications from Andreas or Dilawar, please ship it to me.
Any WhatsApp messages, any threads no matter, ship it to me.
You probably have any crypto wallets the place they despatched cash or no matter, or you’ve got entry to the place they paid out cash or no matter, in crypto, discover out.
I heard that they had a gathering (in) Turkey. Should you have been at that assembly in Turkey, or heard about something from Turkey, or recorded something from Turkey, please get that data to me.
Sims goes on to state the explanation he desires this data is to assist OmegaPro victims.
I need to get that data to the precise folks, who can do one thing about what’s been taking place.
I do know people who can discover out the place the supply of those wallets, the place they’re from, and let’s see if we will discover out um, what could have occurred to a few of this cash.
“What occurred” is OmegaPro was a Ponzi scheme that collapsed in November 2022. The Ponzi scheme, which is believed to have run into at the very least the tons of of thousands and thousands, is suspected of feeding investor funds into The Merchants Area.
After all as certainly one of OmegaPro’s co-founders, Sims already is aware of all of this.
Sans what was paid out to OmegaPro executives and promoters, co-founders Andreas Szakacs, Dilawar Singh and Sims made off with what was left.
By Merchants Area alone, Sims stole $84.7 million from shoppers.
Within the aftermath of OmegaPro collapsing, Szakacs and Singh are believed to be hiding out in Dubai. Sims, a US resident has been charged by the CFTC with commodities fraud.
Sims bizarrely goes on to disclaim the CFTC fraud expenses filed towards him.
The CFTC is a US-based group. They don’t have any jurisdiction anyplace else on this planet. And so it’s unimaginable for them to have OmegaPro funds frozen.
They’re saying that my funds are frozen. That can be not the case. I’ve my financial institution accounts, I’ve freedom of motion, I’ve property.
I consented to the CFTC, that means I’m cooperating with them, to allow them to know they’ll put one thing on maintain, in case there’s one thing it have been came upon, that uh I didn’t know – which makes me answerable for one thing.
I’m 100% cooperating with the CFTC. I advised them that day one, I wanna cooperate.
The rationale why? Due to The Merchants Area scenario.
Matter of reality should you learn the case, I don’t have any fraud allegations. My solely difficulty is I launched somebody to Merchants Area. That’s it.
I’m undecided why Sims would blatantly lie concerning the CFTC case.
That is straight from the CFTC’s February twenty third, 2023, press-release;
The Commodity Futures Buying and selling Fee as we speak introduced it filed a civil enforcement motion within the U.S. District Courtroom for the Southern District of Texas, charging fraud and misappropriation towards … Tin Quoc Tran of Katy, Texas (and) … Michael Shannon Sims of both Sunny Isles Seashore, Florida or Roswell or Atlanta, Georgia …
From roughly October 2020 to Might 2022, Brisco and Yas Castellum LLC misrepresented to potential pool individuals Yas Castellum LLC ’s historic buying and selling data; how they might commerce pool participant funds; the place they might preserve pool participant funds; and who would do the buying and selling.
Primarily based on these materials misrepresentations and omissions, at the very least 43 pool individuals transferred at least $470,780 to Yas Castellum LLC to take part in its purported commodity pool.
Somewhat than commerce pool participant funds, Brisco and Yas Castellum LLC, with the path and help of Sims, transferred the funds to entities Tran managed.
BehindMLM has beforehand reported on a listing of property belonging to Sims, that have been frozen as a part of a consented to injunction.
Moreover, The Merchants Area isn’t talked about within the CFTC’s Grievance (accessible by the CFTC’s public press-release linked to above).
Nonetheless, Sims claims he’s “going to courtroom” to “discover out
We don’t know if Merchants Area, what they have been doing with the funds, in the event that they have been buying and selling the cash. We don’t know any particulars.
We don’t know what occurred with Merchants Area. We’re gonna discover out although, as a result of we’re going to courtroom to search out out, to determine it out.
And in the event that they did one thing mistaken, we’re gonna ensure that justice is occurs [sic].
BehindMLM isn’t conscious of any pending non-regulatory civil The Merchants Area associated litigation.
Given none of Sims waffling makes any sense, I might be mistaken however I believe certainly one of two issues could be taking place (or each):
- Sims is pre-emptively making an attempt to construct a protection towards pending OmegaPro civil/legal expenses; and/or
- Sims is making an attempt to discount his method out of the CFTC fraud expenses and a part of that’s amassing data from his victims that may assist him throw Szakacs and Singh below the bus.
Offering data on to Sims at this stage isn’t going to assist anybody however Sims.
Sims, Andreas Szakacs and Dilawar Singh ran OmegaPro and defrauded shoppers out of thousands and thousands. They need to every be held accountable for his or her position within the Ponzi scheme and hopefully that occurs in due time.
Because of the nature of OmegaPro (a mixture of wire fraud, commodities fraud, securities fraud and cash laundering), victims with incriminating data ought to as a substitute present it to the CFTC, SEC and DOJ (by the FBI).
