OmegaPro founder arrested for allegedly running crypto Ponzi

Turkish authorities arrested Andreas Szakacs, also known as Emre Avci, for his role in the OmegaPro cryptocurrency Ponzi scheme. Victims were invited to make small investments in the "Omega Invest" application, which made quick returns. They were enticed to invest more and more, but when they attempted to withdraw funds, they discovered the money had been taken. Altogether, victims have claimed around $103 million in losses.

The OmegaPro Ponzi scheme was reportedly linked to the OneCoin crypto Ponzi, whose operators stole at least $4 billion from millions of victims since 2019. Multiple people associated with OneCoin have been arrested, including its co-founder Karl Sebastian Greenwood, but its "Cryptoqueen" co-founder Ruja Ignatova was one of Europol's most wanted fugitives and remains the subject of an Interpol red notice.