What Is OmegaPro?
There are hundreds of Cryptocurrency MLM programs currently active online and most of them are lousy. The majority will take advantage of people with little or no experience.
Cryptocurrencies have been around for a while and they can be a very profitable investment, but the trade-off is that they are just as volatile as trading Forex or stocks.
But programs such as OmegaPro don’t tell you about the risks involved. Instead, they give false assurances of passive earnings to attract new members.
The fact that you’ve taken a moment to scrutinize this product before signing up should be applauded. You’ve done yourself a huge favour. Your due diligence will save you from potentially wasting your time and money.
A good bit of research always goes a long way in the fight against online scams. Creating a sustainable full-time online business is not difficult. You just need to know where to look.
Before we proceed I’d like to let you know that I’m not linked to OmegaPro in any sort of way and I’m not trying to sell you this product.
Instead, I’d like to unravel the truth behind this program to show you what’s really going on…
OmegaPro Product Review
- Name of Product: OmegaPro
- Owner: Dilawar Singh and Andrea
- Type of Product: Cryptocurrency Investment Scheme
- Cost of Product: $29 joining fee + investment of at least $100
- Who Is This Product Best For? NOBODY!
OmegaPro Product Summary
OmegaPro is an investment scheme that claims can give you returns of 200% ROI in 16 months. From the onset, this looks like a great investment but it’s hiding something from you.
The program is using illegitimate tactics and could potentially be liable to securities fraud, which could also land you in trouble if you decide to market this program to other potential members.
Product Rating: 1/100
Would I Recommend This Product? Hell No!
OmegaPro Explained
OmegaPro is a multi-level marketing business that specializes in cryptocurrency trading and investments. The website domain was registered anonymously back in November 2018.
The website shows an address in the UK, which is associated with a virtual office service called Prime Secretarial. We are not given details of the company’s owner or the management team
However, an independent investigation and an official warning from France revealed details of the two owners named Andreas Szakacs and Dilawar Singh.
Dilawar is the company’s co-owner currently residing in Germany. Before OmegaPro, he was involved with a company named Omnia Tech, another Ponzi scheme!
OmegaPro was launched shortly after Omnia Tech, therefore, it’s most likely that this is simply a rebranded version of the same program.
Andreas is based in Dubai, however, he doesn’t appear to hold any previous experience within the MLM industry.
OmegaPro Product Range
I’m not shocked to find out that OmegaPro does not provide any retails products or services, a stipulation put in place by the regulators, which all MLM countries have to adhere to.
The income opportunity can only be accessed once you’ve invested in the program.
Does OmegaPro Work?
The crux of the matter is that OmegaPro is a cryptocurrency Ponzi scheme. According to the program, it builds ROI revenue by trading stocks, cryptocurrencies and indices. However, they’ve not proved that trades are actually happening.
The program has not shown that they are authorized to carry out the above transactions. Any company that handles trading or financial transactions has to be licensed and approved by the financial regulators in that country. For instance, if a company is based in the USA, they would need to be authorized by the Securities and Exchange Commission.
Therefore, the fact that they’re not authorized means that the company could be liable for securities fraud. Furthermore, as a member, you could be pursued by the authorities for promoting this program. Yikes!
Nonetheless, the company has just one method to generate money and that’s by getting more people to join the program and invest. The fresh investments are distributed through the program i.e. the top-level members get the first share then the remainder trickles down the lower levels until it runs out.
You will not enjoy any of this money if you remain at the bottom level. This is how recruitment becomes an essential component of the program. The first thing you will need to do inside this Ponzi scheme is to ensure that you recruit more people underneath you so that you’re not at the bottom.
The story of Ponzi schemes always ends the same way. When the recruitment slows down and grinds to a halt, so will the money. Guess what will happen to OmegaPro at this point? It will collapse and the owners will move on, rebrand and start the cycle all over again.
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How To Profit with OmegaPro
As mentioned earlier, the only way to profit with OmegaPro is via the recruitment of new members. You will be rewarded with different recruitment commissions as detailed in their compensation plan below.
Getting Started with OmegaPro
OmegaPro comes with a free option to become a member, however, this does not give you access to their earning opportunity. For this, you’ll have to pay a fee of $29 and an investment of at least $100. The most you can invest is $15,000.
We are not told how the company uses the $29 fee or what other benefits we get for paying this fee.
OmegaPro Compensation Plan
At the core of the program’s compensation plan is the ROI commission that the company advertises together with other commissions for recruiting new members.
The company guarantees a 200% ROI if you remain active in the program for 16 months.
The company offers 8 different tiers which you can earn from as follows:
- Start-Up Level: The cost of this level is $100. Earns you a 200% ROI in 16 months.
- Basic Trader Level: The cost of this level is $500. Earns you a 200% ROI in 16 months.
- Light Trader Level: The cost of this level is $1,000. Earns you a 200% ROI in 16 months.
- Pro Trader Level: The cost of this level is $3,000. Earns you a 200% ROI in 16 months.
- Advanced Trader Level: The cost of this level is $5,000. Earns you a 200% ROI in 16 months.
- Tycoon Trader Level: The cost of this level is $8,000. Earns you a 200% ROI in 16 months.
- Premium Trader Level: The cost of this level is $10,000. Earns you a 200% ROI in 16 months.
- Master Trader Level: The cost of this level is $15,000. Earns you a 200% ROI in 16 months.
You will need to reinvest 30% of your daily returns after you’ve cashed out.
Sponsorship Commissions
You’re rewarded various commissions if you directly recruit members and get them to invest. If they invest in any of the 8 levels, you will be awarded 5% of the investment.
Residual Income Commissions
You will be rewarded commissions for building a team and will make money from members that you recruit directly as well as their recruits. The commissions are calculated using a binary compensation structure, which places 2 of your direct recruits on your left and right leg to make your 1st level.
Your recruit’s recruits are placed on their left and right legs to make your 2nd level and so on. You’ll be awarded commissions for each level, which are paid weekly.
Leadership Pool Commissions
OmegaPro also offers a commission pool across the company which you can join and receive up to 3% from that pool. The commissions are divided among eligible members.
Virtual Lottery Mystery Bonus?
We’ve not been given much information about the mystery bonus as it’s not featured on their website. Supposedly, you will have to reinvest 10% of your ROI commissions to be eligible for this bonus.
OmegaPro Exposed!
1). Blatantly a Ponzi Scheme
The only income stream for OmegaPro is through recruitment. There are no commissions to sell products or services because there’s nothing to sell! Based on this, the guidelines from the FTC and other regulators would brand OmegaPro a Ponzi scheme.
OmegaPro has not given us any proof or demonstarted that they are a legitimate program.
2). Securities Fraud
As mentioned earlier, OmegaPro is potentially liable to securities fraud based on the fact that the company offers investments, passive earnings and ROIs.
Any company offering this would need to be approved by the financial regulators of their respective countries to perform these transactions. A good way of verifying whether a company is authorized is to check the relevant regulator’s database. We could not find OmegaPro on any government database.
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Advantages of OmegaPro?
Don’t waste your time with OmegaPro. It’s a Ponzi scheme!
Is OmegaPro a Scam or a Legitimate Business?
OmegaPro is not a genuine MLM program and I’m absolutely sure that it’s a Ponzi scheme. It uses the usual textbook tricks to appear legitimate but it’s not.
- The commissions are purely based on recruitment and nothing else. You cannot earn any money if you fail to recruit more members. This is the basis of a Ponzi scheme.
- The company is liable for securities fraud because it’s offering investments and passive earnings to members. Any program offering these kinds of services would need to authorized by financial regulators.
OmegaPro is definitely a scam. Steer clear of this program!
How Do I Use The Internet to Make a Full-Time Salary?
I’m not a big fan of get-rich-quick schemes or Cryptocurrency MLM programs, let’s just say that I’ve been caught short a few times.
Instead, Affiliate Marketing is my leading recommendation for people that want to build a thriving full-time online business working from home.
Here are my reasons why…
- You can get started for Free.
- There’s no pressure to recruit family and friends, or anyone else for that matter.
- You can create a business from virtually any product including the ones that you already buy. You are not limited to low-income or inferior products.
Affiliate marketing can help you to…
Generate a 4-Figure Monthly Salary and become financially free from the limitations of a traditional day job. You can do this in less than 12 months!
If you want to find out how I did it, Click Here!
