Yahya 
Arrested in Turkey in July on claims of planning a $4 billion Ponzi scheme, Andreas Szakacs, co-founder of the now-defunct cryptocurrency and FX platform OmegaPro, was By using OmegaPro’s “automated trading” algorithm, which promised great profits but finally locked customers out of their accounts, Swedish citizen Szakacs—who changed his identity to Emre Avci—is accused of scamming investors.
Later backed by Dutch citizen Dr. Abdul Mohaghegh, who claimed to have lost $103 million to the fraud, the arrest followed a June tip-off from an unidentified source. Originally created in 2019 and headquartered in Dubai, OmegaPro first attracted investor confidence with rapid profits on modest deposits but then closed user accounts and stopped withdrawals in November 2022, around at the same time as the FTX crash.
Before OmegaPro failed, authorities in many nations had previously warned about fraud against the company. Linked to the investigation, Turkish authorities have confiscated laptops, cell phones, and 32 crypto cold wallets. Authorities traced $160 million in transactions even though Szakacs hid access details.
Investigators believe that the activities of OmegaPro connected to the notorious OneCoin fraud, which allegedly misled investors of $4 billion. Exposed in 2015, the OneCoin fraud resulted in the prosecution of numerous prominent individuals; the U.S. Department of State recently raised the prize for information resulting in the arrest of OneCoin co-founder Ruja Ignatova to $5 million.
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