This article does not any. Unsourced material may be challenged and. (November 2009) () Omega Trust was a investment scheme in Illinois. Hood is a former electrician from.

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 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 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 as a and for possible collusion. Clyde Hood and his 18 associates were indicted in 2000.

Some of them pleaded guilty or were convicted of multiple counts of,, and filing a false tax return (see ). On April 10, 2001, Hood pleaded guilty to mail or wire fraud conspiracy, money laundering conspiracy, and filing a false tax return. 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 ). Hood is imprisoned at the 'Federal Medical Center Devens,' north of Worcester, Massachusetts, and was scheduled for release in November 2012.

The Rumor Mill News Reading Room About the 'Prosperity Programs'. Posted By: hobie [Send E-Mail] Date: Saturday, 23-Jul-2011 00:20:29 In Response To: Reader question: What are Global Settlements/Prosperity Programs? (MrFusion) Hi, Mr.F and Reader john - After all this time, I'm still fuzzy on what's being referred to when folks speak of 'Global Settlements'.

But I know a thing or two about the 'Prosperity Programs', so let's go there.:) One or two paragraphs won't really do it - but I'll try not to write like the other sites you've been reading.:) What Poof and Casper are talking about is what have come to be referred to collectively as the 'prosperity programs'. The term is not entirely accurate because not all those programs are the same in their operation or even in their expected outcome. 'Farm Claims' is based on a judicial judgement. 'Freedom' may have involved a 'roll trade'. But in general, all programs were closed to new members in 1999 or in one case in 2002. In each case that I'm aware of, folks were invited to participate by word-of-mouth.

Jul 27, 2012. MATTOON — The local man who was convicted of creating the Omega Trust and Trading scam that bilked investors locally, nationally and overseas has died. For instance, the Bluebird Diner, established with Omega funds, was sold in an online auction and the restaurant building was later moved from its.

In at least some instances, participation was by 'loaning' a certain amount of money per 'unit'. In at least one instance, a $100 loan per unit was required, with a promise that, at some time, at least $5100 per unit would be returned.

In some instances, the program in question was represented as involving a 'roll trade' program, something not usually open to the general public (especially in America) and requiring a substantial sum (millions) in order to engage in such an activity. Thus, it would make sense for lots and lots of small amounts to be ganged together in order to enter a 'roll trade'.

To the best of my knowledge to date, only the Freedom program really did involve a 'trade'. Certain others, including I believe Alpha, Omega, and Destiny, and possibly others, were all the 'front face' for a larger program which has no name of its own, referred to by Poof on occasion as 'the mother', which involves disbursal of wealth from a very old trust - possibly three trusts, now. 'Freedom' apparently was devised by Bush, Sr., and Kissinger, and somehow they had arranged things so that no other program could pay out before Freedom paid out.

Thus whoever controlled Freedom controlled them all ('one ring to bind them.' This is why Casper has referred to 'freedom packs'. However, I'm advised those two are no longer in control of Freedom, and Freedom will pay out at the same time as all the others (70 or 80 programs total, I think).

Tommy Buckley's Green Light program is often reasonably thought of as a 'prosperity program', but it's of a different sort. It's expected it will pay a few weeks after the primary programs do.

Clyde Hood, Mike Kodosky, and a few others, who headed up enrollment of participants into the program called Omega, were rather famously brought to trial in Illinois in 2001, mostly during the summer, and either entered guilty pleas or were found guilty on charges of fraud. The claim was that they had collected money on promise of particular returns, and that the returns were never coming. (We reported on that at the time - search the RMN Archive with 'All' keywords 'hobie omega trust trading' and you should find most of the posts.) 'Whistleblower' (David Crayford) of the OITC, whose posts have appeared here on occasion, and also David Sale, also of the OITC, have said they do not expect any of the programs will ever pay out. Their reasoning is that if the programs were based on misallocated funds actually part of the Collateral Accounts, any proceeds would go right back into the Collateral Accounts - and/or, if there's no legal and binding documentation for the programs (which, apparently, there isn't), then they must be scams and the money's long gone. Economic journalist Christopher Story not infrequently stated that Omega particularly was a 'CIA Ponzi scheme', though he never offered visible substantiation for that assertion.

AND THEN - THERE'S NESARA.:) We have no sources other than Dove (who's no longer with us) who were ever able to tell us that NESARA was a real thing. HOWEVER - it does appear many facets of NESARA are part of what may be about to occur. Tied-in with the resolution of these programs is the expectation of a new banking system, new 'honest' money, the demise of the Federal Reserve and the dethroning of those back of it (which also means the end of IRS as we have known it), and a return to Constitutionality in America. All of this is consistent with Rayelan's information regarding 'the Factions' and a long-term plan to take down the Federal Reserve.

Are you in doubt that the real DeJure Republic is being restored? Do you have Questions that you want answered? Do you want to get involved?

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