Soccer Icons Face Legal Action in €3B OmegaPro Crypto Scam Fallout

The OmegaPro crypto scam, which defrauded victims out of €3 billion, involved endorsements from soccer stars like Ronaldinho and Vinícius Junior. Now, victims are targeting celebrities in a class action lawsuit.

In one of the most infamous crypto scams to date, OmegaPro attracted billions in investments, using celebrity endorsements and promises of high returns to lure victims. The platform’s collapse in 2023 has left countless investors devastated, and now, those affected are turning their attention to the soccer stars and celebrities who promoted the fraudulent scheme.

According to Chainalysis, while overall illicit activity in the crypto space has declined from $20.9 billion in the second half of 2023 to $16.7 billion in the first half of 2024, crypto scams like OmegaPro continue to pose a serious threat.

Celebrity Endorsements Under Scrutiny

OmegaPro, a platform with pyramid-scheme-like characteristics, relied heavily on endorsements from high-profile soccer players and other celebrities to gain credibility. The platform promised massive returns, encouraging users to recruit new members, which drove its growth before its inevitable collapse.

Famous figures such as Vinícius Junior, Ronaldinho, Luis Figo, Iker Casillas, and Roberto Carlos were involved in promoting OmegaPro, along with international icons like Steven Seagal and Floyd Mayweather. As OmegaPro went dark, leaving investors with staggering losses, many victims are now pursuing legal action against these stars.

Lars Olofsson, a lawyer representing several hundred victims, confirmed that a class action lawsuit will be filed in London targeting all celebrities associated with the scam. Victims hail from countries like France, Spain, Belgium, Colombia, and Nigeria, all of whom were left financially ruined by the collapse of OmegaPro.

Dubai’s Role in Boosting OmegaPro’s Credibility

Adding further complexity to the scam, some of the soccer icons have stated that their involvement with OmegaPro was facilitated by the Dubai Sports Council. Fraud expert Romain Muller pointed out that Dubai’s support for the platform lent it an air of legitimacy, making it even more attractive to potential investors.

OmegaPro’s promotional campaigns in Dubai featured the company’s logo projected onto landmarks such as the Burj Khalifa and the Dubai Eye, and even drew the attention of Dubai’s Crown Prince Hamdan bin Mohammed bin Rashid Al Maktoum, who attended several of the platform’s events.

Regulatory Warnings Ignored

The Autorité des marchés financiers (AMF), France’s financial regulator, issued warnings about OmegaPro as early as May 2022, cautioning that the platform was not authorized to operate in the country. Despite these warnings, the scam continued to operate across the globe, ensnaring thousands of victims.

By January 2024, Beaubourg Avocats, a French law firm representing 1,500 victims, filed a class action lawsuit after OmegaPro’s founders disappeared. The scam had left a trail of financial devastation, and regulators are now investigating how it was able to persist despite early red flags.

Arrests and Ongoing Legal Action

Several key figures behind OmegaPro have been arrested. Founders Robert Velghe and Andreas Szakacs, who had changed their names to avoid detection, were apprehended in Istanbul in the summer of 2024. Another manager, Juan Carlos Reynoso, was detained in March 2023. However, two other founders remain at large.

As victims seek compensation, the class action lawsuit against the celebrities who promoted OmegaPro is gaining traction. These developments mark the next chapter in what has become one of the crypto world’s most high-profile fraud cases.

Conclusion

The OmegaPro crypto scam has left a lasting impact on thousands of investors, who are now pursuing legal action against the soccer stars and celebrities who endorsed the fraudulent platform. As the legal battle unfolds, it will be crucial to see whether those who promoted OmegaPro will be held accountable for their involvement. With the scam’s founders under arrest and investigations ongoing, victims hope for justice and financial restitution.

Our creator. creates amazing NFT collections! 
Support the editors - Bitcoin_Man (ETH) / Bitcoin_Man (TON)

Pi Network (Guide)is a new digital currency developed by Stanford PhDs with over 55 million participants worldwide. To get your Pi, follow this link https://minepi.com/Tsybko and use my username (Tsybko) as the invite code.

Binance: Use this link to sign up and get $100 free and 10% off your first months Binance Futures fees (Terms and Conditions).

Bitget: Use this link Use the Rewards Center and win up to 5027 USDT!(Review)

Bybit: Use this link (all possible discounts on commissions and bonuses up to $30,030 included) If you register through the application, then at the time of registration simply enter in the reference: WB8XZ4 - (manual)