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According to The Block, the US Department of Justice has revealed that Georgia resident Michael Shannon Sims (48 years old) and New Jersey resident Juan Carlos Reynoso (57 years old) have been charged with operating the international fraud project OmegaPro, involving a total amount of $650 million. Two men promoted a "forex investment package" to investors through a multi-layered marketing model, promising to receive a 300% return within 16 months and requesting payment in cryptocurrency. The indictment shows that the defendant team created a luxurious image by displaying luxury cars, vacation photos, and projecting company logos at the Burj Khalifa in Dubai. Later, they froze investor withdrawals on the grounds of "being hacked" and transferred funds to encrypted wallets controlled by executives. Sims is the founder and promoter of OmegaPro, while Reynoso leads the company's business in Latin America and the United States. The two defendants each face two counts of conspiracy, and if convicted, each charge carries a maximum sentence of 20 years in prison.