Omega Trust
Omega Trust was a fraudulent US investment scheme in Illinois.
Clyde D. Hood is a former electrician from Mattoon, Illinois. In 1994 Hood formed Omega Trust and Trading Limited and began to lecture to church groups. He said that the Lord had given him a mission. He claimed that he was one of the international traders who could make secret multimillion-dollar deals to benefit humanitarian programs through debentures and "prime bank notes" in foreign banks. Hood asked for an investment of $100 and promised a payout of $5,100 within 275 days. He wanted the money delivered wrapped in aluminum foil and via Federal Express because U.S. federal government was trying to block the trades through the United States Postal Service. Therefore the scheme should remain secret. Thousands of people from USA and overseas sent money.
The program stopped accepting new investors in 1995. By that time, Hood had received more than $10 million. He began to present number of excuses as to why investors had not been paid, blaming administrative costs, problems with foreign banks and international financial conflicts. When some people still wanted to join, Hood and accomplices claimed that they could sell share units of people who had wanted to leave the program. The estimated total amount of money was $20 million.
In addition, Hood began new investment schemes named Alpha and Destiny and obtained more money from those who had invested to Omega. With the money Hood and his associates bought land and businesses in Mattoon, gave no-interest loans and made trips to Europe. Some of the money also went to finance businesses of other Hood associates like construction contractor Chris Engel.
Engel later cooperated with the police and let them tape a phone conversation with Hood. Hood lawyer Steve Ryan was also later removed from the case when he was subpoenaed as a witness and for possible collusion.
Clyde Hood and his 18 associates were indicted in 2000. Some of them pled guilty or were convicted of multiple counts of fraud, mail fraud, money laundering and filing a false tax return (see 26 U.S.C. § 7206).
On April 10, 2001, Hood pled guilty to mail or wire fraud conspiracy, money laundering conspiracy, and filing a false tax return.[1]
On January 24, 2002 Hood was sentenced to prison for 14 years and was fined $5,000. Five of his associates were convicted of active participation of the scheme and were ordered to make restitution. Thirteen associates were convicted of money laundering. Three hundred fifty-five victims received restitution from forfeited Omega Trust funds to the total of $1,697,310.00.
The Omega Trust still lives on in the Internet as a supposed global poverty relief program (see NESARA).
Hood is imprisoned at the "Federal Medical Center Devens," north of Worcester, Massachusetts, and is scheduled for release in November of the year 2012.

This is an excerpt from the article Omega Trust from the Wikipedia free encyclopedia. A list of authors is available at Wikipedia.
The article Omega Trust at en.wikipedia.org was accessed 277 times in the last 30 days. (as of: 07/24/2013)
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Omega Trust - Wikipedia, the free encyclopedia
Omega Trust was a fraudulent US investment scheme in Illinois. Clyde D. Hood is a former electrician from Mattoon, Illinois. In 1994 Hood formed Omega Trust ...
en.wikipedia.org/wiki/Omega_Trust
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The Shining Light: Omega Trust - The Real Story
Oct 8, 2012 ... Omega Trust - The Real Story. THE REAL STORY ABOUT OMEGA Omega was what they call a "roll" program which has been used for a long ...
shininglight2012.blogspot.com/2012/10/omega-trust-real-story.html
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EXHIBIT: Omega Trust & Trading Ltd - Quatloos!
'The Lord's Warehouse is full' proclaimed retired electrician Clyde Hood of Mattoon, Illinois, after fleecing thousands (if not millions) of dollars from various ...
www.quatloos.com/cm-omega/cm-omega.htm
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OMEGA TRust | LinkedIn
Welcome to the company profile of Omega Trust on LinkedIn.
www.linkedin.com/company/omega-trust
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Omega Trust | Facebook
Product/Service. 2 people like this. Want to like this page? Sign up for Facebook to get started. Sign Up. It's free and anyone can join. Already a member? Log in.
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Omega Trust | United Kingdom
This project started recently due to needs arising among parents that are request for assistance in... Read More. You are here: Homepage ...
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HERE'S WHAT WIKI SAYS ABOUT OMEGA TRUST - Rumor Mill News
May 14, 2008 ... I don't know if this is the same thing, but here is what Wiki has for "Omega Trust." It casts it pretty much as a scam, as you can see, but this is ...
www.rumormillnews.com/cgi-bin/archive.cgi/noframes/read/124416
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The Omega Trust & Trading scam - CMKX Unofficial Message Board ...
The Omega Trust & Trading scam. Post by thunkerdrone on Aug 21, 2010, 7: 20am "several people have sent us (Thank you!) copies of the mentally unbalanced ...
cmkxunofficial.proboards.com/index.cgi?board=mofo&action=print&thread=6536
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The Omega Trust – Free listening, concerts, stats, & pictures at Last.fm
Listen free to The Omega Trust: Break the silence, Sacrifices & more, plus 31 pictures. The Omega Trust is a 5 piece Post Hardcore band from Leverkusen, ...
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The EnlightenMeFree (EMF) Online Forum • View topic - Clyde Hood ...
Omega Trust was a fraudulent US investment scheme in Illinois. ... In 1994 Hood formed Omega Trust and Trading Limited and began to lecture ...
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Omega Trust in science
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The Brain Trust Program: A Scientifically Based Three-Part Plan to ...
The Brain Trust Program: A Scientifically Based Three-Part Plan to ...
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Introduces a program for enhancing brain function that purports to prevent the effects of aging and improve brain function by using a combination of nutrition, supplements, mental and physical exercise, and stress-reduction techniques.
Anticipating Omega: Science, Faith, and Our Ultimate Future
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The task of this book, Anticipating Omega, is to pursue a theology that reflects on the God of promise who calls us to trust in our future, to trust in our ultimate future. The axle around which everything spins is the Easter resurrection of Jesus and ...
Trust and New Technologies: Marketing and Management on the ...
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T. Kautonen, Heikki Karjaluoto, 2008
Gefen, D. (2000), 'E-Commerce: the role of familiarity and trust', Omega: The International Journal of Management Science, 28, 725–37. Gefen, D. and D. Straub (2000), 'The relative importance of perceived ease of use in IS adoption: a study ...
Trust as the Key to Loyalty in Business-to-Consumer Exchanges: ...
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Tara Ebert, 2010
GARBARINO, Ellen and Olivia F. LEE (2003), "Dynamic Pricing in Internet Retail: Effects on Consumer Trust," Psychology & Marketing, 20 (6), 495-513. GEFEN, David (2000), "E-commerce: The Role of Familiarity and Trust," Omega, 28 (6), ...
A Hunter's Desires [Tri-Omega Mates 6]
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Stormy Glenn
“I made it my business to know. Once I knew we had mated, I still had to be sure I could trust you before I told you anything about my life. Too many people depend on me. While you were unconscious from that attack, I made a few phone calls.
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