OmegaPro Co-Founder Arrested in $4B Ponzi Scheme

Aug 22, 2024, 11:30 PM

Andreas Szakacs, a co-founder of the cryptocurrency company OmegaPro, was arrested in Turkey in July. He faces accusations of orchestrating a $4 billion Ponzi scheme that defrauded investors. OmegaPro, which has now collapsed, promised returns of up to 300% through its automated trading platform. However, it is alleged that the company was operating as a Ponzi scheme, leading to locked accounts and halted withdrawals. Reports indicate that $160 million were involved in suspicious activities.