According to the Financial Monitoring Agency (FMA), the S-Group financial pyramid stole about $260,950 from clients in Kazakhstan by posing as a British investment fund and promising monthly returns of 15% to 20%.
The FMA’s Astana Department is currently investigating the organization and management of Sincere Systems Group LTD (S-Group), a Ponzi scheme that operated under the guise of a British investment fund. The company allegedly claimed to manage assets on the Forex market, engage in digital mining and trade its own crypto assets, SWP and SWCT.
Each investor was promised returns of 15% to 20% per month, or...