That would be a big fraud.
From Nordic Monitor, September 29:
A massive US class-action lawsuit has turned the spotlight on Turkey’s growing role as a safe haven for international fraudsters, exposing how the country became a staging ground for the $100 billion OmegaPro crypto Ponzi scheme.
The 137-page complaint, filed in Miami federal court in August 2024 and amended in February 2025, details how OmegaPro and its successor Go Global lured millions of investors across Africa, Europe, the Middle East, Asia and the Americas with promises of “guaranteed” 200–300 percent returns. But behind the glossy seminars and celebrity endorsements, prosecutors say, the money was never invested. Instead, it was laundered through shell firms in Dubai, Malta, Panama and, crucially, Turkey.
The OmegaPro fraud was no secret to regulators. On March 17, 2022, French and Spanish financial authorities issued cease-and-desist letters and formal fraud alerts against OmegaPro, warning that the company was operating illegally and deceiving investors.
Despite these alerts and mounting complaints from European victims, Turkey did not move against OmegaPro’s operators until mid-2024, when Andreas Szakacs and Robert Velghe were finally arrested in Istanbul, possibly after mounting pressure from other countries.
The delay raises troubling questions: Why did Turkish authorities wait more than two years to act, even as other European regulators flagged the company as fraudulent? During that gap, OmegaPro continued to recruit thousands more investors, including Turkish citizens, and launder millions through Istanbul.
Amended complaint filed by the plaintiff against Omega and its operators, alleging fraud and other criminal violations:
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The Dubai-based OmegaPro, branded as one of the world’s largest crypto investment platforms, is accused of defrauding nearly 3 million investors worldwide across countries including Colombia, Mexico, Nicaragua, Argentina, Chile, Hong Kong, Singapore, the UK, France, Belgium, Nigeria, Congo, India and South Korea.
In Turkey the scandal exploded in the summer of 2024, when Istanbul’s gendarmerie and prosecutors began investigating local complaints. Authorities determined that OmegaPro was not registered with the Capital Markets Board (SPK) or any licensed crypto exchange platform.
Prison record showing that Andreas Szakacs was jailed at Maltepe Prison in Istanbul under the Turkish name Emre Avcı:
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The first major breakthrough came on July 9, 2024, when gendarmerie raided villas in Istanbul’s wealthy Acarkent compound in Beykoz and arrested Andreas Attila Szakacs, the Swedish-Turkish co-founder of OmegaPro. Having acquired Turkish citizenship under the name “Emre Avcı,” Szakacs had been living in a four-story luxury villa equipped with security cameras, whiteboards filled with crypto notes and computers used to manage the company’s servers....
....MUCH MORE
