The money of OmegaPro has been confiscated by UK authorities.
OMP Money, a UK shell business established by OmegaPro to get access to banking channels, was the subject of the regulatory action.
Viola Money, which was shut down by UK authorities in December, was linked to OMP Money.
Because the context of these recent events is a little convoluted, I’ll start at the beginning.
OmegaPro is a basic Ponzi scam with a 200 percent return on investment.
OmegaPro established the UK shell firm OMP Money in April 2020 to get access to standard banking systems.
Andreas Szakacs, a co-founder of OmegaPro, described OMP Money as “a bank.” He portrayed it as a necessary component of OmegaPro’s regulatory compliance.
The most crucial thing you should do is register with the FCA.
You may look up OMP Money on the FCA registry and discover that we are regulated by them.
This would be something unique in our field, and I’m overjoyed to finally be able to announce it.
OMP Money used Viola Money, another UK shell business, to get access to financial systems.
OMP Money initially ran into regulatory issues in June 2021, when the Financial Conduct Authority (FCA) deregistered the firm.
OMP Money would be deregistered until December 2021, after which it would be temporarily resurrected before being deregistered once more.
Viola Money was founded in July 2015 as V-Wallet (Europe). The firm rebranded Viola Money in May 2019. (Europe).
Viola Money registered with the Financial Conduct Authority (FCA) a few months after changing its name in November 2018.
Clients may use Viola Money’s payment processor services in GBP and EUR, as well as banking and prepaid debit card services.
ClearBank (UK) and LHV Bank provided financial services to Viola Money (Estonia)
According to Interpath;
ClearBank notified both Viola Money and the FCA on October 22, 2021, that it has chosen to terminate its relationship with the Company for the provision of banking services with immediate effect.
ClearBank stated that following an investigation of the Company’s activities, they had discovered:
-Out-of-the-ordinary payment demands;
-Types of financial crime; and
-The Company’s failure to fully and efficiently monitor transactions.
LHV Bank followed suit, giving Viola Money 60 days’ notice that their deal will be terminated on October 29th.
On November 2nd, the FCA took action against Viola Money.
LHV Bank canceled Viola Money’s banking agreement “with immediate effect” on November 25th.
Viola Money was deregistered by the FCA on December 14th.
Later on, two Interpath personnel would be named Joint Special Administrators (Receiver equivalent).
Interplay revealed the following in a 56-page study released on February 9th:
The Company’s records are incorrect and incomplete; for example, the Company does not appear to have undertaken a prior customer funds reconciliation, and customer account balances recorded by the Company differ considerably from real balances maintained at banking institutions.
It is presently unknown if we will be able to make a customer distribution.
This reflects the fact that JSAs currently have little control over client cash.
According to a list attached to the report, EUR 8454 belonging to “OmegaPro Services Ltd” was confiscated.
OmegaPro Services Ltd is yet another OmegaPro shell corporation based in the United Kingdom.
OmegaPro Services Ltd was founded in May 2019 and is based in Cardiff, Wales. The lone Director is named Per Anders Kagestedt, a supposed Swedish national.
The stooges in control of Viola Money bailed when the company ran into regulatory issues.
Again, according to Interpath’s report:
Stephen John Davies (90.5 percent) and David Barclay are the majority owners of Viola Money (9.5 percent ).
David Barclay and Mary-Ann Townsend are the Company’s directors and are also in charge of the company’s computerized money management.
Mr. Barclay, the Company’s CEO and director are said to have resigned with immediate effect on or around December 8, 2021.
We have written to the Company’s directors, David Barclay and Mary-Ann Townsend, as listed on Companies House, requesting that they complete and return a Statement of Affairs.
David Barclay has informed the Company that he resigned as a director on December 8, 2021, and that he no longer has access to the information needed to complete a Statement of Affairs in any meaningful fashion.
Mary Ann Townsend stated that she is unaware of the information required in the Statement of Affairs since her primary function at the Company was as the Money Laundering Regulations Officer.
As a result, we have yet to receive a Statement of Affairs.
Viola Money’s majority shareholder, Stephen John Davies, does not appear to exist. I’d argue that Interplay’s correspondence with Barclay and Townsend doesn’t exist either.
For decades, the terms “UK incorporation” and “fraud” have been used interchangeably.
Who was behind Viola Money (which was part of a wider money laundering organization), according to a New York Times report published on February 22nd.
Unfortunately, the content is behind a paywall, but the beginning piqued my interest.
The City regulator approved a self-described “fintech” payments company while its creator was under investigation for money laundering in connection with the multibillion-pound OneCoin fraud.
According to a recent report from the business’s administrators, “almost all” of the monies under its control are subject to freezing orders from HM Revenue & Customs or police agencies.
Now I’ve looked everywhere for a “new report” from Interpath, and the most recent one I could locate was the one listed above dated February 9th.
If a fresh report is available, it is not listed on their website.
Unfortunately, The New York Times does not explain how Viola Money is linked to OneCoin. Interpath’s February 9th report makes no mention of OneCoin.
Nonetheless, my investigation brought me to the tail-end of a conversation about Viola Money’s shutdown, which included a UK court case from February 2021.
Unfortunately, this Court News UK item is also behind a paywall.
However, we may gather valuable information from what is accessible, just as The New York Times piece did.
A court heard that a money launderer made over £75 million through a scheme centered on the worthless cryptocurrency ‘OneCoin.’
Christopher Hamilton, 62, is claimed to have laundered up to US$105 million from an American scam that promised investors tremendous risk-free returns.
However, the OneCoin was worthless, and Hamilton was arrested in April 2016 at his house in Cowbridge, South Wales, near Bridgend.
Christopher Hamilton is a name I’m unfamiliar with. His 2016 OneCoin money laundering arrest in the United Kingdom is also not mentioned on BehindMLM.
So, what exactly is going on here?
I can’t answer that based on what is publicly accessible. But hang in there with me because the rabbit hole is about to go much deeper…
Dominic Welsh, a schmuck in the United Kingdom, was charged in April 2019 for a botched blackmail attempt.
We are grateful to WalesOnline for providing us with a publicly available story.
A court heard how an ex-marine blackmailed a “petrified” company director at his family home over an alleged $32 million debt.
Dominic Welsh allegedly put his alleged victim’s family under surveillance and threatened violence in an attempt to recoup money his employers felt they were owed, according to Cardiff Crown Court.
Christopher Hamilton, who is described as “a director for more than a dozen firms in the UK and internationally,” is the “victim.”
“It’s especially unsettling because the defendant was also watching Mr. Hamilton’s wife and daughter, and even her daughter’s boyfriend as part of the conspiracy to extort money from him,” prosecutor Christopher Rees said.
Welsh’s phone was found with a message from June 7, 2017, saying: “On the debt, we are just about ready to make our move,” according to the court.
“We’re going to attack four targets at the same time.” We’ll only smack a couple of them and scare their families, but the other two will be seriously punished.”
Welsh said that he was paid $10,000 per month for his efforts and was eligible for a $30,000 bonus if he could help his customers “recover” the money.
Who was the accused blackmailer Dominic Welsh working for?
Welsh was engaged by American businessman Gilbert Armenta and his friend William Morro, according to prosecutors, to retrieve monies they claimed they were due.
Gilbert Armenta is the secret boyfriend of OneCoin creator Ruja Ignatova.
In 2017, Armenta (right) was charged and detained in the United States.
Armenta has pleaded guilty to five charges of fraud and will be sentenced soon.
Segun Onibalusi is thought to have used the alias, William Morrow.
Nigerian citizen Onibalusi looks to be an accomplice working with or for Armenta.
In April of this year, Dominic Welsh was found not guilty.
I couldn’t figure out what happened in Christopher Hamilton’s OneCoin money laundering case.
What I can affirm is that Christopher Hamilton looks to be the link between Viola Money and OneCoin in The New York Times.
It’s unclear whether UK authorities are still looking into Viola Money, and whether any of this will lead to OmegaPro being prosecuted.
On its still-active website, OMP Money promotes payment processing services.
OMP Money has chosen to provide all of its users with a custodial account that is now as simple as a checking account.
Now is the time to put your money in our hands!
It’s unclear who OMP Money and OmegaPro are currently working with to provide these services.
Andreas Szakacs (Sweden), Mike Sims (US), and Dilawar Singh (India) are the co-founders and co-owners of OmegaPro (Germany).
OmegaPro is administered by Szakacs, Sims, and Singh from Dubai, the world’s MLM fraud capital.
OmegaPro has received regulatory approval in Colombia, Spain, France, Peru, Belgium, and Chile thus far.
Updated on February 24th, 2022 – William Morro is a real person that works with Armenta, as well as a pseudonym used by Segun Onibalusi.
For years, Armenta and Morrow appear to have been laundering money. It’s unclear if Morrow is a person of interest to US officials.