OmegaPro charges described $650 million scheme and failed transfer assurances
The July 2025 indictment announcement challenged return, licensing and post-hack statements.
- Cited claims
- 2
- Source records
- 2
- Edition revision
- 2
In this investigation
The trial date has changed
The DOJ case page now lists trial for Michael Shannon Sims and Juan Carlos Reynoso on 8 February 2027, with a pretrial conference on 12 January. This replaces the previously listed November 2026 trial date. Checked on 23 October 2026, both hearings remain future events. The alleged investment scheme and the operators' explanation of a hack remain attributed claims, not a completed trial finding or an independent technical diagnosis.
The indictment announcement
DOJ announced charges on 8 July 2025 against Michael Shannon Sims and Juan Carlos Reynoso over their alleged roles in OmegaPro. The source describes an international investment programme that raised more than $650 million in virtual currency. The men were charged in the District of Puerto Rico; this account retains the presumption of innocence.
The packages and representations
The indictment allegedly linked investment packages to promises of 300% returns over 16 months through foreign-exchange trading. DOJ also described claims about investment safety, a legitimate licence and, at other times, freedom from any country's legal rules. These representations should be evaluated separately rather than treated as one general marketing statement.
The proposed move to another platform
After OmegaPro announced a network hack, investors were allegedly told in early 2023 that their money was safe and would move to Broker Group. The charging account says investors could not withdraw from either platform. It does not supply an independent forensic explanation of the claimed hack or establish that a transfer announcement resolved the original obligations.
Sources, dates and limits
Checked 23 October 2026 against the charging release and current DOJ schedule. The indictment was unsealed on 1 July 2025; the cited announcement was published on 8 July. The updated trial date is not guaranteed and should be checked again before attendance.
Evidence & sources
- Filed allegation
DOJ's July 2025 indictment announcement alleged false OmegaPro return and licensing claims and described a purported transfer to Broker Group after a claimed hack.
Supporting excerpt: OmegaPro Founder and Promoter Charged for Running Global $650M Foreign Exchange and Crypto Investment Scam
victims were unable to withdraw money from either their OmegaPro accounts or their accounts at Broker Group
OmegaPro Founder and Promoter Charged for Running Global $650M Foreign Exchange and Crypto Investment Scam ↗ - Source reported
The DOJ case page now lists trial for Michael Shannon Sims and Juan Carlos Reynoso on 8 February 2027, with a pretrial conference on 12 January. This replaces the previously listed November 2026 trial date. Checked on 23 October 2026, both hearings remain future events. The alleged investment scheme and the operators' explanation of a hack remain attributed claims, not a completed trial finding or an independent technical diagnosis.
Supporting excerpt: Criminal Division | United States v. Michael Shannon Sims and Juan Carlos Reynoso | United States Department of Justice
February 8, 2027
Criminal Division | United States v. Michael Shannon Sims and Juan Carlos Reynoso | United States Department of Justice ↗
