S-Group Latest Update Today: The collapse of the S-Group British Investment Fund has left investors in a state of uncertainty.
S-Group, which presents itself as a UK company but is run by individuals from Russia and/or Ukraine, operated through its MLM side called S-Group and its money side is known as S-Wallet.
In this article, we will provide you with an update on the current situation regarding S-Group withdrawals and offer useful advice on the process of withdrawing funds from S-Group.
S-Group Collapse
On June 10th, S-Group investors were informed of “maintenance work” on S-Wallet, and since then, there has been limited communication.
S-Wallet has disabled withdrawal access multiple times, with the latest restriction remaining in place. Despite a vague update on June 14th, stating that technical work is being carried out to improve the platform, withdrawals are still disabled after 8 days.
The decline in website traffic over the past few months further indicates the scheme’s collapse. Previously, the Central Bank of Russia issued a warning about S-Group’s pyramid fraud on August 31st, 2021.
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How to Withdraw Money from S-Group/S-Wallet?
The withdrawal process from S-Group is uncertain due to the platform’s repeated suspension of withdrawals. While experts believe that this indicates the end of the Ponzi scheme, there is still a possibility that withdrawals may resume.
To stay informed about the withdrawal status, it is recommended to regularly check S-Group’s social media updates. The Instagram account of S-Group is still active and regularly posting, so we can consider it a positive sign that it may happen that the scheme is not collapsed.
If you have experienced financial losses as a result of S-Group or any similar Ponzi scheme, it is advisable to consider filing a complaint with the Securities and Exchange Commission (SEC). The SEC can provide guidance and assistance in addressing such fraudulent activities.
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