Omega Trust Prosperity Programming
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URBANA – Two people convicted in the multimillion dollar Omega Trust and Trading scam received slightly lower sentences after federal appeals court rulings. Central District Chief Judge Michael McCuskey on Wednesday resentenced Arlene Diamond to 15 years and eight months in federal prison.
EXHIBIT: Omega Trust & Trading Ltd. 'The Lord's Warehouse is full' proclaimed retired electrician Clyde Hood of Mattoon, Illinois, after fleecing thousands (if not millions) of dollars from various people who invested in a bank debenture scam known as 'Omega Trust & Trading'. THE REAL STORY ABOUT OMEGA Omega was what they call a 'roll' program which has been used for a long time and is still being used. It was developed by St. Germaine and that is how he has amassed his large fortune. Omega Trust was a fraudulent US investment scheme in Illinois. 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.
Omega Trust Prosperity Programming Language
Diamond, 69, has been in federal custody since Aug. 28, 2002, following her arrest. She was originally sentenced to 17 1/2 years. Turner, a former Coles County corrections officer, was resentenced in October 2005 to 11 years three months in federal prison. He originally had been sentenced to 12 1/2 years.
The two were among 19 people indicted in August 2000 for being part of a scheme headed by former Mattoon electrician Clyde Hood, who falsely promised returns of 50-to-1 for money 'loaned' that was supposed to 'roll over' in a non-existent overseas bank debenture program. Hood pleaded guilty and was sentenced in January 2002 to 14 years in prison. He admitted Omega was a scam. McCuskey estimated at that time that the conspiracy netted about $30 million, but the original sentences were based on estimating the scope of the scam at $13.9 million. The Seventh Circuit U.S. Court of Appeals ruled both in the cases of Diamond and Turner that McCuskey had incorrectly calculated their sentences on the entire amount of the fraud from June 1994 to July 2000.