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Indictment Unsealed in Puerto Rico Charging Two Men in $650 Million Omegapro Investment Fraud

An indictment was unsealed on Tuesday in the District of Puerto Rico, charging Michael Shannon Sims, 48, and Juan Carlos Reynoso, 57, for their alleged roles in operating and promoting Omegapro, an international investme...

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Indictment Unsealed in Puerto Rico Charging Two Men in $650 Million Omegapro Investment Fraud
An indictment was unsealed on Tuesday in the District of Puerto Rico, charging Michael Shannon Sims, 48, and Juan Carlos Reynoso, 57, for their alleged roles in operating and promoting Omegapro, an international investment scheme that defrauded investors of over $650 million, primarily via cryptocurrency. According to court documents, Sims, a founder and promoter of […]

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This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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