OmegaPro scam in France: millionaires in Dubai, murder attempts and over 10,000 victims
The OmegaPro Ponzi pyramid has ruined thousands of French people, according to Le Figaro. A judicial investigation has been opened and is being followed by the organised crime prosecution office.
OmegaPro: how the "French Connection" of a worldwide 4-billion-dollar fraud ensnared France
More than 10,000 French people are believed to have been victims of the OmegaPro Ponzi pyramid, reports Le Figaro in the second part of its investigation into this large-scale global fraud. Nearly half of them filed complaints, and a judicial investigation has now been opened, being followed by the national organised crime prosecution office (Pnaco).
The mechanism of the system was based on a promise of 300 per cent returns over 14 or 16 months, distributed in France by around fifty "top leaders" who recruited thousands of investors. Like any Ponzi scheme, the system — which is illegal in France — paid its network heads thanks to an influx of new customers, condemning late entrants to lose all their investments when the structure collapsed.
It was one of these architects, Romain Müller, who publicly acknowledged his role in the fraud. In February 2023, four months after the platform claimed to have been hacked by North Korean hackers, he released a filmed confession live. Dressed in a black blazer and displaying the OmegaPro logo on his t-shirt, he stated: "OmegaPro is a Ponzi system and I have the feeling of having been complicit in it." At that moment, many investors were still hoping to recover their funds; his statement dispelled all hope.
The fraud, which affected more than 40 countries and several million people on a global scale, generated a volume of 4 billion dollars according to Le Figaro. In France, the investigation's headline evokes particularly serious elements linked to the local network: millionaires based in Dubai, murder attempts and kidnappings are among the cases associated with what the newspaper describes as the "French Connection" of the scam.
Only those positioned at the top of the network hierarchy were able to profit from the system before its collapse. For the thousands of ordinary French people who invested their savings, the platform's collapse resulted in total financial ruin.
Source: Le Figaro