Honest Programs launched in late 2019. It was a easy token Ponzi scheme, centered round “honest tokens”.
Honest Programs made a displaying of being a “UK firm”, however in actuality was run by Russian and/or Ukrainian scammers.
Honest Programs collapsed in mid 2021. In August 2021 the Ponzi scheme was rebooted as “S-Group”.
S-Group continues the UK firm charade, referring to itself as a “British Funding” firm.
It’s not that tough to catch S-Group out in its company lie:
S-Group supplies no firm possession data on its web site.
Scammers heading up the corporate’s advertising and marketing efforts are principally from Russia and the Ukraine.
Alexa at the moment ranks Russia and the Ukraine as the one notable sources of visitors to S-Group’s web site (57% and 15% respectively).
That is according to Honest Group’s Alexa visitors estimates, though it appears recruitment outdoors of Russia and Ukraine has principally collapsed.
In August 2021, the Financial institution of Russia issued a pyramid scheme warning for Honest Programs and S-Group.
Honest Programs is referenced by title. S-Group’s web site area is included within the checklist of offending URLs.
As all the time, if an MLM firm shouldn’t be brazenly upfront about who’s working or owns it, suppose lengthy and laborious about becoming a member of and/or handing over any cash.
S-Group’s Merchandise
S-Group has no retailable services or products.
Associates are solely capable of market S-Group affiliate membership itself.
S-Group Compensation Plan
S-Group associates put money into s-token (SNT), on the promise of a proportion of the posted month-to-month return.
- make investments $100 to $499 in SNT and obtain 50% of the month-to-month ROI generated
- make investments $500 to $1499 in SNT and obtain 60% of the month-to-month ROI generated
- make investments $1500 to $4999 in SNT and obtain 65% of the month-to-month ROI generated
- make investments $5000 to $9999 in SNT and obtain 70% of the month-to-month ROI generated
- make investments $10,000 to $24,999 in SNT and obtain 75% of the month-to-month ROI generated
- make investments $25,000 to $49,999 in SNT and obtain 80% of the month-to-month ROI generated
- make investments $50,000 or extra in SNT and obtain 85% of the month-to-month ROI generated
S-Group flogs SNT to associates at a charge of 10 cents every.
How a lot SNT an S-Group affiliate is ready to retailer of their affiliate account is set by how a lot they pay in annual subscription charges:
- Free – no payment, capped at 500 SNT
- Normal – $100 subscription payment, capped at 10,000 SNT
- Professional – $300 subscription payment, capped at 50,000 SNT
- Enterprise – $500 subscription payment, capped at 100,000 SNT
- Premium – $1000 subscription payment, capped at 1,000,000 SNT
S-Group maintains Honest Programs’ 15.5% month-to-month common ROI charge in its advertising and marketing.
SNT token staking can be out there.
Staking sees associates make investments 10,000 or extra SNT on the promise of a thirty-day ROI.
The precise ROI charge isn’t offered. S-Group states it’s decided based mostly on how a lot SNT is invested into staking, and the “whole quantity of transactions within the blockchain”.
Withdrawal Penalties
S-Group penalizes associates for withdrawing their funding quantity earlier than twelve months.
- withdraw between 4 to six months and be penalized with a 30% withdrawal payment
- withdraw between 7 to 9 months and be penalized with a 20% withdrawal payment
- withdraw between 10 to 12 months and be penalized with a ten% withdrawal payment
- withdrawals made after twelve months obtain no withdrawal penalty payment
Observe that investments and necessary locked for the primary 4 months.
S-Group Affiliate Ranks
There are eleven ranks inside S-Group’s compensation plan.
Together with their respective qualification standards, they’re as follows:
- Rank 1 – join as an S-Group affiliate and make investments $100 in SNT tokens
- Rank 2 – personally make investments or generate $3000 in downline SNT token funding quantity
- Rank 3 – personally make investments or generate $10,000 in downline SNT token funding quantity
- Rank 4 – generate $25,000 in downline SNT token funding quantity
- Rank 5 – make investments $500 in SNT tokens and generate $50,000 in downline SNT token funding quantity
- Rank 6 – make investments $1000 in SNT tokens and generate $100,000 in downline SNT token funding quantity
- Rank 7 – make investments $5000 in SNT tokens and generate $500,000 in downline SNT token funding quantity
- Rank 8 – make investments $10,000 in SNT tokens and generate $1,000,000 in downline SNT token funding quantity
- Rank 9 – make investments $30,000 in SNT tokens and generate $3,000,000 in downline SNT token funding quantity
- Rank 10 – make investments $100,000 in SNT tokens and generate $10,000,000 in downline SNT token funding quantity
- Rank 11 – make investments $250,000 in SNT tokens and generate $25,000,000 in downline SNT token funding quantity
Funding Referral Commissions
S-Group pays a referral fee on funds invested into SNT tokens by personally recruited associates.
SNT token funding referral fee charges are decided by S-Group affiliate rank:
- Rank 1 – 5%
- Rank 2 – 7%
- Rank 3 – 9%
- Rank 4 – 10.5%
- Rank 5 – 12%
- Rank 6 – 13%
- Rank 7 – 14%
- Rank 8 – 14.5%
- Rank 9 – 15%
- Rank 10 – 15.5%
- Rank 11 – 16%
Residual Commissions
S-Group pays residual commissions through a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the prime of a unilevel staff, with each personally recruited affiliate positioned instantly beneath them (degree 1):
If any degree 1 associates recruit new associates, they’re positioned on degree 2 of the unique affiliate’s unilevel staff.
If any degree 2 associates recruit new associates, they’re positioned on degree 3 and so forth and so forth down a theoretical infinite variety of ranges.
S-Group caps payable unilevel groups at ten.
Referral commissions are paid out as a proportion of S-Token staking returns paid to downline associates throughout these ten ranges.
What number of ranges S-Group pays residual commissions on is set by how a lot an affiliate pays in subscription charges:
- Normal tier associates earn 5% on degree 1 (personally recruited associates)
- Professional tier associates earn 5% on ranges 1 to three
- Enterprise tier associates earn 5% on ranges 1 to five
- Premium tier associates earn 5% on ranges 1 to 10
Advertising and marketing Plan Bonus
S-Group units apart 1.375% of company-wide funding every month and distributes it throughout 4 bonus swimming pools.
- generate one Rank 11 downline affiliate and $5,000,000 in month-to-month downline SNT token funding quantity = one share in a 0.5% Advertising and marketing Plan Bonus pool
- generate three Rank 11 downline associates and $3,000,000 in month-to-month downline SNT token funding quantity = one share in a 0.5% Advertising and marketing Plan Bonus pool
- generate 5 Rank 11 downline associates and $1,000,000 in month-to-month downline SNT token funding quantity = one share in a 0.25% Advertising and marketing Plan Bonus pool
- generate ten Rank 11 downline associates = one share in a 0.125% Advertising and marketing Bonus Pool
Observe a couple of extra Advertising and marketing Plan Bonus caveats apply:
- as much as one Rank 11 downline affiliate is counted per unilevel staff leg
- downline SNT token funding quantity is counted from all unilevel staff legs, excluding these with the required Rank 11 downline associates
Rank Achievement Bonus
S-Group rewards associates who qualify at Rank 4 and better with a one-time Rank Achievement Bonus:
- qualify at Rank 4 and obtain $1000
- qualify at Rank 5 and obtain $2000
- qualify at Rank 6 and obtain $5000
- qualify at Rank 7 and obtain $20,000
- qualify at Rank 8 and obtain $50,000
- qualify at Rank 9 and obtain $150,000
- qualify at Rank 10 and obtain $500,000
- qualify at Rank 11 and obtain $1,000,000
Becoming a member of S-Group
S-Group affiliate membership is tied to an annual subscription:
- Free – no payment
- Normal – $100 subscription payment
- Professional – $300 subscription payment
- Enterprise – $500 subscription payment
- Premium – $1000 subscription payment
The extra an S-Group affiliate pays in charges, the upper their earnings potential.
Full participation in S-Group’s earnings alternative additionally requires a minimal $100 funding in SNT tokens.
S-Group Conclusion
S-Group is a extra fleshed out model of the unique Honest Programs Ponzi scheme.
SNT token has been realized and built-in into Honest Programs’ ~15.5% a month funding scheme.
Staking has been added, offering a further month-to-month return for many who don’t need to lock up funds for the 4 month minimal.
Securities fraud continues to be a problem. S-Group shouldn’t be registered to supply securities in any jurisdiction.
This is able to require S-Group to supply audited monetary stories, which they’ll’t do as a result of S-Group is a Ponzi scheme.
Even for those who put apart the plain and take S-Group’s ROI claims at face worth, the numbers don’t add up.
On December 4th S-Group celebrated two years of enterprise in Dubai, the MLM rip-off capital of the world.
If we take an marketed 15.5% common month-to-month return and compound that for twenty-four months;
- $1000 compounded each day turns into $36,275 (502% yearly)
- $1000 compounded month-to-month turns into $27,625 (435% yearly)
- $50,000 compounded month-to-month turns into $1.7 million (502% yearly)
- $50,000 compounded month-to-month turns into $1.3 million (435% yearly)
Anybody with a buying and selling bot capable of constantly generate 15.5% a month on common can be quietly working it for themselves.
You’re definitely not going to search out entry to such a bot for as little as $100 in hokey Ponzi tokens out of Ukraine.
The pyramid nature of S-Group exists by means of new traders being required to maintain the rip-off going.
New traders herald new funding, with out which S-Group collapses (once more).
As with all MLM Ponzi schemes, the vast majority of individuals are mathematically assured to lose cash.