Crypto Market Highlights May 23, 2022 Crypto Market Highlights May 23, 2022
  • News
    • NFT News
    • Metaverse News
    • Bitcoin News
    • Ethereum News
    • Altcoin News
    • DeFi News
    • Blockchain News
    • Web3 News
    • Press Release
    • Hacks and Scams
    • Sponsored Post
  • Stories
    • Interviews
  • Market Analysis
  • Learn
    • Bitcoin
    • Ethereum
    • Cryptocurrency Exchange
    • NFTs
    • DeFi
    • Web3
    • Metaverse
    • Blockchain
    • Trading
    • Crypto Guide
    • Quizzes
  • Crypto Prices
  • Contact Us
Reading: Football Stars Face Legal Action Over $3.2B Pyramid Scheme Promotion
Newsletter
Crypto Market Highlights May 23, 2022 Crypto Market Highlights May 23, 2022
[ccpw id="20060"]
Crypto Market Highlights May 23, 2022 Crypto Market Highlights May 23, 2022
  • News
    • NFT News
    • Metaverse News
    • Bitcoin News
    • Ethereum News
    • Altcoin News
    • DeFi News
    • Blockchain News
    • Web3 News
    • Press Release
    • Hacks and Scams
    • Sponsored Post
  • Stories
    • Interviews
  • Market Analysis
  • Learn
    • Bitcoin
    • Ethereum
    • Cryptocurrency Exchange
    • NFTs
    • DeFi
    • Web3
    • Metaverse
    • Blockchain
    • Trading
    • Crypto Guide
    • Quizzes
  • Crypto Prices
  • Contact Us
Reading: Football Stars Face Legal Action Over $3.2B Pyramid Scheme Promotion
Newsletter
Crypto Market Highlights May 23, 2022 Crypto Market Highlights May 23, 2022
[ccpw id="20060"]
  • News
  • Stories
  • Market Analysis
  • Learn
  • Crypto Prices
  • Contact Us
Search
  • News
    • Altcoin News
    • Bitcoin News
    • Blockchain News
    • CBDC
    • Crypto Exchange News
    • Cryptocurrencies
    • DeFi News
    • Ethereum News
    • Hacks and Scams
    • Litecoin News
    • Metaverse News
    • NFT News
    • Press Release
    • Ripples News
    • Sponsored Post
    • Web3 News
  • Stories
    • Interviews
  • Market Analysis
  • Learn
    • Bitcoin
    • Blockchain
    • Crypto Guide
    • Cryptocurrency Exchange
    • DeFi
    • Ethereum
    • Metaverse
    • NFTs
    • Trading
    • Web3
    • Quizzes
  • Crypto Prices
  • Contact Us

Trending →

Metaplanet to Raise $5.4B for Bold Bitcoin Buy

By Ezinne Ukaegbu 2 weeks ago

Shiba Inu Price Risks 22% Drop as Burn, TVL Fall

By Ezinne Ukaegbu 2 weeks ago

Crypto ETPs Explode: $286M Inflows as Ether Dominates Market

By Ezinne Ukaegbu 2 weeks ago

Deflationary Tokenomics vs. Hype: What Really Makes Pepe Hunt Different

By Rita Umukoro 2 weeks ago

WonderChain Ignites Web3: 3 Bold Travel Trends

By Ezinne Ukaegbu 3 weeks ago
Follow US
© Coins Creed. All Rights Reserved.

Home » Football Stars Face Legal Action Over $3.2B Pyramid Scheme Promotion

News

Football Stars Face Legal Action Over $3.2B Pyramid Scheme Promotion

Jesutofunmi Adeboye
Last updated: 8 months ago
By Jesutofunmi Adeboye
Share
3 Min Read
SHARE

Several European football stars, including Ronaldinho and Vinicius, may face legal action for promoting the pyramid scheme Omegapro, which raised over $3 billion.

Football Stars Face Legal Action Over $3.2B Pyramid Scheme Promotion
Football Stars Face Legal Action Over $3.2B Pyramid Scheme Promotion

A group of European football stars could be sued for promoting Omegapro, a pyramid scheme that got more than $3 billion from more than 3 million buyers. Hundreds of users who were affected were getting ready to sue these people, saying they trusted the company because it promised returns of over 300% because these players backed it.

Ronaldinho, Vinicius, Others to Be Sued for Promoting Billionaire Pyramid Scheme Omegapro

A group of football stars are about to be sued by people who lost money in a rich pyramid scheme. Sources in Spain say that footballers and past football stars can be held responsible for promoting a scam platform if they promote Omegapro, a pyramid scheme that has made over $3.2 billion since 2020.

Stars like Figo, Vinicius, Ronaldinho, Casillas, Puyol, and more are in this group. Most of them say they have nothing to do with Omegapro and say they were just in advertising games for the company because they know people in the government of the United Arab Emirates (UAE).

When Omegapro began doing business in 2020, it promoted investments with 300% returns in 14 months. Later, the business changed these terms and said it would offer the same returns for 16 months. The time frame grew to 26 months in 2022. In November of that year, the platform was said to have been hacked, which stopped payouts and left users without their money.

A lot of Omegapro’s customers said they bought from the company because these players backed it. According to a woman named Dolores:

How could it be a scam? The footballers were involved and the company logo was projected onto that skyscraper in Dubai!

Robert Velghe and Andreas Szakacs, two co-founders of Omegapro, are being held by Turkish police. But two more co-founders are still missing.

Lars Olofsson, the lawyer leading the group case against these stars, made it clear that he would take action against anyone involved in promotional events. “Every football player who was seen at Omegapro events will be sued in London,” he said.

Similar steps have been taken against celebrities like Kim Kardashian and Floyd Mayweather for promoting cryptocurrency platforms . However, experts say that these demands might not work in Spain.

TAGGED:Football Starslegal actionPyramid scheme
Share This Article
Facebook Twitter Copy Link

You Might Also Like ↷

IEEE India to Issue Certificates on Avalanche Blockchain

IEEE India to Issue Certificates on Avalanche Blockchain

December 6, 2023
Coinbase seeks aggressive expansion in Europe amid crypto winter

Coinbase seeks aggressive expansion in Europe amid crypto winter

June 30, 2022
DeFi Report: Ethereum reclaims 42% Solana outflows

DeFi Report: Ethereum reclaims 42% Solana outflows

8 months ago
EDX Market Launches Cryptocurrency Exchange Services

EDX Market Launches Cryptocurrency Exchange Services

June 20, 2023
Coinscreed
Stay tuned for a blend of captivating content that not only informs but also inspires you to navigate the ever-evolving landscape of technology, marketing, and market trends!
Coinscreed
FacebookLike
TwitterFollow
InstagramFollow

All Rights Reserved. Coinscreed 2024.

adbanner
AdBlock Detected
Our site is an advertising supported site. Please whitelist to support our site.
Okay, I'll Whitelist