Several football stars face lawsuits for endorsing Omegapro, a pyramid scheme that raised over $3 billion from investors.
Author: Tanishq Bodh
A group of prominent football stars, including Ronaldinho, Vinicius Jr., and Luís Figo, may soon face legal action for promoting Omegapro, a pyramid scheme that reportedly raised over $3 billion from more than 3 million customers. Hundreds of affected users are preparing to sue, claiming they were misled into trusting the company due to endorsements by these high-profile athletes.
Omegapro, which began operations in 2020, promised investors yields exceeding 300% within 14 months. However, as time progressed, the company extended this period to 26 months by 2022. In November 2022, Omegapro claimed it was hacked, ceasing payments and leaving many investors without their funds. The fallout has led to widespread allegations of fraud.
Two of Omegapro’s co-founders, Robert Velghe and Andreas Szakacs, are currently in Turkish custody, while two other founders remain at large.
The unfolding legal battle raises significant questions about the responsibilities of celebrities and influencers in endorsing financial products, especially those that later turn out to be fraudulent.
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