Omega Trust Prosperity Programming. A page for describing Pantheon: Other Relatives. Greater Gods Piccolo, God of Parental Substitutes. The OMEGA File INTRODUCTION. Omega Trust was a fraudulent US investment scheme in Illinois. Hood is a former electrician from Mattoon. The program stopped accepting new investors in.

Omega Promoters Admit Guilt - Well, it's over -- the fat lady has finally sung. Clyde himself has finally confessed that it was, as we told people for years, all just a scam. Did Clyde spend the money to help charities? Did Clyde send the money to Africa to help people there? Instead, Clyde blew the money on family and friends, in weird business ventures, and then sending it offshore to secret accounts (that he now has to assist in trying to get back). But does that end Omega? The Omega scam will doubtless still be carried on by the various scam artists who leeched off the Omega program, notably scam artists going by the handles of 'Dove', 'Queeno', 'Gordon', 'Chris the Moderated Host', 'Taebo', and several others who try to keep the Omega program 'alive' so they can sell other worthless programs to the true-believers.

Just as people believed in Charles Ponzi after he was sent to jail, and even after he was dead, doubtless there will be some of the criminally insane and brainwashed to keep alive the rumors of the unknown Omega quadzillions. Update of U.S. Atttorney's Office, 10 April 2001 For Immediate Release April 10, 2001 Media Contact: Sharon Paul. (217) 492-4450 Leader of Omega Trust & Trading, Ltd. Pleads Guilty to International Fraud, Money Laundering Conspiracy Urbana, IL - The central figure in an alleged fraud scheme known as Omega Trust and Trading Limited, pled guilty today in United States District Court in Urbana, Illinois, to his participation in an international fraud and money laundering conspiracy, as announced by Frances C. Attorney for the Central District of Illinois.

Hood, age 66, of Mattoon, Illinois, entered a plea of guilty late this afternoon to one count each of the following: mail/wire fraud conspiracy, money laundering conspiracy, and filing a false tax return. Hood's wife, Patricia Ann Hood, age 64, also pled guilty to her part in the fraudulent scheme. Patricia Hood pled guilty to conducting a monetary transaction with the proceeds of illegal activity and to filing a false tax return. As part of their negotiated plea agreements, both Clyde and Patricia agreed to cooperate fully with law enforcement officials as to their knowledge and /or involvement in the conspiracy and to identify and locate property and assets which are traceable to the fraudulent scheme and further, to identify and repatriate assets which may be located in any foreign country. Upon entering his pleas of guilty, Clyde Hood admitted that from at least in or about January 1994 through August 2000, he agreed with other persons to conduct a fraudulent business under the name of Omega Trust and Trading, Ltd. Which he and his co-conspirators supervised from Mattoon, Illinois, and elsewhere.

Hood admitted that he and other conspirators falsely represented that Omega was a high yield investment program that would generate extraordinary profits to participants and investors from trading 'debentures' or 'prime bank notes' in foreign banks. Instead of putting money into a 'prime bank note' buying and selling program as represented, Hood admitted he and others converted more than $12,500,000 for their own personal use and benefit. Hood further admitted that he enlisted a number of experienced 'network marketers' to promote, solicit and sell the Omega program and to establish multi-level marketing lists. Hood admitted he furthered the conspiracy with a presentation to potential Omega participants in Oregon in September 1994. During this meeting, which was videotaped, Hood admitted he made numerous fraudulent representations, including among them that Omega was a 'loan agreement' with a return or profit of 50 to 1, and that a huge profit would be made on a 'buy-sell' agreement and then transferred to everyone within the Omega program.

Hood further misrepresented his background and experience to purport, among other achievements, that he was an experienced banker and trader who 'had done this deal before for Fortune 500 companies.' Hood also falsely represented that various financial institutions outside the U.S.

Were participating in this venture and that 'the program and all three rolls would be completed by the end of 1994. Element 3d Metropolitan Pack Serial. ' Hood further admitted that he and his conspirators perpetuated the illusion that Omega was a real venture by keeping a computer database of some, but not all, of the people sending money, sending correspondence to these people, and, at one point, announcing that the Omega program was 'closed,' meaning that it had enough investors and would accept no more.

Instead of 'closing' Omega, Hood and others used the concept of a 'closed' Omega to sell millions of dollars worth of 'refund units.' Additionally, on at least 72 occasions from mid-1995 though July 2000, Hood admitted he and others wrote telephone messages which Hood recorded, and which were directed to Omega participants.