Tenerife, Spain – June 6, 2026
Spanish authorities have arrested a key figure linked to the collapsed OmegaPro crypto Ponzi scheme. Reports indicate that Dilawar Singh, one of the company’s directors, was detained in Tenerife on an international FBI warrant.
Arrest of OmegaPro Ringleader
Over the past 24 hours, Spanish media has reported the arrest of an “FBI fugitive” by the Guardia Civil in Tenerife. Although Singh has not been officially named, available details strongly point to him as the individual in custody.
According to The Olive Press, one of the main leaders of a Ponzi scheme that raised over $650 million was arrested at a hotel on the island. He was detained on an international warrant issued by the United States.
Background on OmegaPro
OmegaPro was a multi-level marketing (MLM) crypto investment scheme operated by three main directors: Andreas Szakacs, Mike Sims, and Dilawar Singh. The company collapsed in November 2022, leaving investors with massive losses.
After the collapse:
- Mike Sims stayed in the United States
- Andreas Szakacs fled to Turkey
- Dilawar Singh moved to Spain
Previous Arrests of OmegaPro Directors
- Andreas Szakacs was arrested in Turkey in August 2024
- Mike Sims was arrested in the US in July 2025
Singh’s arrest completes the detention of all three known directors.
Current Legal Proceedings
The arrested individual was presented before a local judge and remanded into custody. He has been transferred to the National Court in Madrid, where the US extradition request will be processed.
Mike Sims is currently in US custody and is scheduled to face trial on November 9, 2026. No recent updates are available on Szakacs’ case in Turkey.
If Singh is extradited to the United States, his indictment is expected to be unsealed. Extradition proceedings in Spain may take a few weeks if uncontested, or five to nine months if challenged.
Massive Investor Losses
US authorities estimate that OmegaPro caused victim losses exceeding $650 million. The case continues to highlight the risks associated with unregulated crypto investment schemes.
This article will be updated as new information emerges regarding Dilawar Singh’s extradition and the OmegaPro case.
