OmegaPro.IN, unlike the famed OmegaPro Ponzi situated in Dubai, does not provide clarity about its ownership and executive data on its official website. The domain, “omegapro.in,” was privately registered on May 11th, 2023, adding to the platform’s mystery.
Given its doubtful character, OmegaPro.IN’s website footer has a St. Vincent and the Grenadines PO Box address, which does little to create credibility.
OmegaPro.IN offers various aspects in an attempt to project authenticity, including a backdated Polish shell company certificate from 2020, a clearly doctored insurance document from Renaissance Insurance from 2015, and a UK shell company certificate for Omega-Pro LTD. However, given scammers’ proclivity to build shell firms with false information, these certificates are of little value in the context of MLM due diligence.
Notably, OmegaPro.IN presents itself as an MLM cryptocurrency investment scheme, which the UK’s Financial Conduct Authority (FCA) has officially outlawed from October 8th, 2023. This raises severe doubts regarding OmegaPro.IN’s validity and compliance with regulatory requirements.
The lack of regulation or the presence of poor regulation is a huge red flag. It means OmegaPro.IN is a scam and most likely, an illegal operation.
Companies offering investment services or opportunities without having a license can vanish without leaving a trace. Furthermore, the lack of a regulatory license allows them to get away with it and face no legal consequences.
That’s why it’s vital for you to always check a company’s regulation status as well as its license information. The presence of a license allows consumers to reach out to an authority if something goes wrong.
In the case of OmegaPro.IN, victims have nowhere to go due to the absence of a watchdog or license.
You should ask yourself the following questions when you come across a new investment firm or opportunity:
- Does the investment provider maintain transparency about its CEO?
- Do they have a license from a renowned regulatory authority?
- If the need arises, can I reach out to an authority to report this company as a scam?
OmegaPro.IN does not provide any retail products or services. Affiliates can only promote OmegaPro.IN affiliate memberships; they cannot offer real things.
The platform’s compensation model centers on affiliates investing in cryptocurrencies, with promised returns dependent on their investment levels:
- Starter: Invest $100 to $999 for a daily return of 4%.
- Standard: Invest $1000 to $4999 for a daily return of 6%.
- Premium: Invest $5,000 to $14,999 and receive an 8% daily return.
- VIP Plan: Invest $15,000 or more for a daily return of 12%.
Referral commissions are also part of the remuneration structure, paid over three tiers of recruiting (unilevel):
- Level 1 (personally recruited affiliates): 5%.
- Level 2: 2%.
- Level 3: 1%.
While becoming an affiliate is free, active participation requires a minimum commitment of $100. Prospective affiliates are encouraged to invest in different cryptocurrencies.
However, it’s worth noting that many scammers disable their payment channels before shutting down their operations.
They might give you multiple reasons including:
- A technical error
- A glitch in their system
- Banking issues
- A “hacking attack”
And many others.
But in 9/10 cases, the scammers actually stop making payments and keep the money to themselves. Hence, the payment methods we discussed here might not work.
If you want to get your money back from a scammer, you’d need to file a chargeback.
When it comes to scammers, you should only measure the quality of their customer service if they respond to your complaint.
In the beginning, scammers tend to remain very accessible.
This means their representatives will keep calling you until you invest with them. Furthermore, they will act friendly and make it seem as if you’re one of their most valuable consumers.
However, they do all this just to win your trust.
Scammers understand that in order to convince someone to give them a large sum, they will need to seem like a friend.
Nevertheless, when you have invested a considerable amount of money and need to get it back, their customer support will become inaccessible.
All of a sudden, their numbers would either stop responding or become unavailable.
Still, they might remain accessible to convince you to invest further. Also, they might begin by making a few excuses regarding your payment.
However, in the end, the customer support won’t resolve your issues and become increasingly unavailable.
It’s worth noting that many scammers tend to purchase fake reviews. Buying fake reviews has become extremely easy and it’s a multi-million dollar industry.
Scammers like OmegaPro.IN tend to purchase fake reviews for their online profiles to make themselves seem more credible.
TIME Magazine investigated the fake review industry and estimated it to be worth more than $150 million. Certainly, there are a ton of scammers who want to seem legitimate and a bunch of fake reviews is the most effective way to do so.
That’s why you shouldn’t trust OmegaPro.IN reviews easily.
It’s easy to identify fake reviews as well. You should look out for 5-star reviews that are posted by temporary accounts (profiles which only posted 1 or 2 reviews on the platform). Also, you should see if the positive reviews share any detailed information about their experience with the firm or not.
In the case of OmegaPro.IN, chances are, you wouldn’t find many legitimate reviews.
Another prominent way scammers like OmegaPro.IN enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “OmegaPro.IN reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising OmegaPro.IN.
You should always look out for consumer complaints. In the case of OmegaPro.IN, the most common complaints I found were about:
- Poor customer support
- Delays in payments
- High fees and charges
- Lack of transparency regarding their leadership team
- Aggressive sales staff
Do you have a similar complaint about OmegaPro.IN? You can share your complaint in the comment section or submit an anonymous tip.
OmegaPro.IN appears to be an opportunistic endeavor using the fallout from the failed OmegaPro Ponzi scheme. Given the demise of OmegaPro and the subsequent concealment of its owners, there appears to be no connection between OmegaPro and OmegaPro.IN. This demonstrates that OmegaPro.IN is the work of opportunistic criminals searching for quick money.
The terminology used on OmegaPro.IN’s website contains bold claims about a sophisticated system that generates consistent passive income, registration and certification, and mining processes supported by estate management and the World Bank of Finance. Nonetheless, these statements lack credibility.
OmegaPro.IN, like most MLM Ponzi frauds, is dependent on continual affiliate recruitment and subsequent investments to be profitable. When recruitment slows, the influx of new money declines, resulting in a reduction in return on investment (ROI) revenue. Finally, this pattern is expected to cause a collapse, resulting in significant financial losses for the majority of investors.
OmegaPro.IN is an unregulated entity. Although they might fall under the jurisdiction of a watchdog, they don’t have the license to offer financial services to consumers.
The lack of a license means they are not answerable to any regulatory authority. As a result, the people behind OmegaPro.IN can run away with your money without any prior notice. You should be extremely cautious when dealing with an unregulated service provider.
The absence of a watchdog also means you cannot report to them to anyone.
Also, due to the absence of specific regulations, there is no provision protecting you from the insolvency of this entity. If they go bankrupt, you won’t be able to do anything about it.
Can You Trust OmegaPro.IN?
All the evidence suggests that OmegaPro.IN is a scam. If you have lost money to them, there is still a chance you can get it back.
To recover your funds, you’d need to file a chargeback.
Is OmegaPro.IN a scam?
Can I withdraw money from OmegaPro.IN?
Where is OmegaPro.IN Located?
How do I get my money back from OmegaPro.IN?
Launch a website/app with a generic name
A website or app with a generic name allows scammers to hide behind common Google search results. Marketing such names is easier as well.
Pay influencers & social media pages to promote the scheme
By getting influencers and social media pages to promote their brand, scammers make their shady company seem more legit than it actually is.
Send thousands of emails and make cold calls to potential victims
It’s common for scammers to buy the contact details of people and spam them through email, phone calls, social media messages and other means.
Make victims feel safe through “small wins”
Such small wins usually include a few payments transferred into the victim’s account. This makes them seem more legitimate.
Convince victims into investing large sums of money
Due to the small wins, the victim is now convinced that the company is legit. Now, the scammers try to manipulate the victim into giving them larger sums.
Disable withdrawals & take down the website/app
Once the scammers have recieved a signicant sum, they either stop responding or cite a technical error to freeze their victims’ funds.
Repeat the cycle
After making the money, the scam will shut down and the people running it will launch another and repeat the cycle.