If true that is pure form of scam to not refund anyone in case of failure. That doesn't make any sense to say they spent all money. I have seen two types of outcomes one they don't say anything and run with funds or they return money. This kind of information is what I am watching for the first time. It will be amazing to see they spend people's money already.
It's unfortunate to realize this, but there is no information, the telegrams of the channels are unavailable on Twitter last record on June 27. Most likely, all investments are lost.