Crowd1 – Page 4

Crowd1 attempts to legitimize Ponzi with products

Somewhat than deal with securities fraud warnings issued across the globe, Crowd1 is urgent forward with “however we now have merchandise!” pseudo-compliance. In a company weblog submit dated July seventh, Crowd1 introduced partnerships with LifeTRNDS, SAfer and Tribute. LifeTRNDS is a reduction journey reserving portal run by Mark Seyforth. Seyforth final featured on BehindMLM as CEO of […]

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Crowd1 & QNet banned in Côte d’Ivoire for being scams

Crowd1, Frauds, QNet, regulation

Authorities in Côte d’Ivoire have banned Crowd1 and QNet. The acknowledged purpose for the ban is each firms function as scams and facilitate cash laundering. The regulatory announcement was made as a part of a July eighth Council of Ministers assembly. Part three of the assembly agenda noticed council members focus on a nationwide “upsurge

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South Africa’s NCC finally announces Crowd1 investigation

Crowd1, Frauds, regulation

Regulators are belatedly turning up the warmth on Crowd1 in South Africa. The newest regulatory physique to announce it’s investigating the Ponzi scheme is the Nationwide Shopper Fee (NCC). As per their web site, the NCC is the first regulator of consumer-business interplay in South Africa. South African media are reporting the NCC has confirmed

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Official Crowd1 fraud warning from South Africa’s FSCA

Crowd1, Frauds, regulation

Following affirmation on Twitter that Crowd1 operates illegally in South Africa, the FSCA has now issued a proper assertion. In response to the FSCA, South Africa’s high monetary regulator, Crowd1 is neither an authorised Monetary Service Supplier (FSP), neither is it a consultant of an authorised FSP. There may be additionally no report of this

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South African authorities confirm Crowd1 operating illegally

Crowd1, Frauds, regulation

After doing nothing for nearly a yr whereas the Crowd1 Ponzi scheme unfold like wildfire, South African authorities have clarified the corporate operates illegally. Effectively, form of. Somewhat than take any initiative, the FSCA clarified Crowd1 was working illegally in response to a public Twitter enquiry. As above, it was solely after being reached out

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Crowd1, OneLink & Vitae fraud warnings issued in Vietnam

companies, Crowd1, Frauds, regulation

Vietnam’s Competitors and Client Safety Division has issued fraud warnings in opposition to Crowd1 and OneLink. The CCPD has noticed Crowd1 and OneLink being promoted throughout social media networks in Vietnam. The regulator warns that each firms are “not in compliance with the legislation”. “The Division of Competitors and Client Safety assessed that the operational

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Crowd1 warning issued across Africa (investors mad)

Crowd1, Frauds, regulation

A Crowd1 funding warning has been issued throughout Central Africa. In associated information Crowd1 buyers in South Africa are upset on the firm’s newest spherical of low payouts. The Central African Monetary Market Supervisory Fee (COSUMAF) is the monetary regulatory arm of the Central African Financial and Financial Neighborhood (CEMAC). CEMAC’s jurisdiction spans Cameroon, the

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Crowd1 securities fraud warning issued in New Zealand

companies, Crowd1, Frauds, regulation

A Crowd1 securities fraud warning has been issued by New Zealand’s Monetary Markets Authority. The FMA’s June fifth warning cites Crowd1’s Spanish company deal with and states We suggest exercising warning earlier than coping with Crowd1 and Influence Crowd Know-how S.L. as they don’t seem to be registered corporations or monetary service suppliers in New

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Crowd1 “pyramid scam” warning issued in Gabon

companies, Crowd1, Frauds, regulation

Crowd1 has been recognized as a “pyramid rip-off” by Gabon’s Ministry of Economic system and Finance. In a June 1st communication, Gabon’s prime monetary regulator warns that Crowd1 is akin to community advertising pyramid rip-off methods wherein revenue doesn’t come gross sales exercise however from the recruitment of latest members. Thus, solely the designers of

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Crowd1 securities fraud warning issued in Mauritius

companies, Crowd1, Frauds, regulation

Mauritius’ Monetary Service Fee has issued a securities fraud warning towards Crowd1. The FSC carried out an investigation into Crowd1 following studies of ‘members of the general public in Mauritius are being solicited by way of media to speculate’. This investigation result in the FSC concluding Crowd1’s MLM alternative is a securities providing, which the

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