Rather than address securities fraud warnings issued around the globe, Crowd1 is pressing ahead with “but we have products!” pseudo-compliance. In a corporate blog post dated July 7th, Crowd1 announced partnerships with LifeTRNDS, SAfer and Tribute. LifeTRNDS is a discount travel booking portal run by Mark Seyforth. Seyforth last featured on BehindMLM as CEO of Goodlife USA […]
Crowd1 attempts to legitimize Ponzi with products Read More »
Authorities in Côte d’Ivoire have banned Crowd1 and QNet. The stated reason for the ban is both companies operate as scams and facilitate money laundering. The regulatory announcement was made as part of a July 8th Council of Ministers meeting. Section three of the meeting agenda saw council members discuss a national “upsurge in illegal
Crowd1 & QNet banned in Côte d’Ivoire for being scams Read More »
Regulators are belatedly turning up the heat on Crowd1 in South Africa. The latest regulatory body to announce it is investigating the Ponzi scheme is the National Consumer Commission (NCC). As per their website, the NCC is the primary regulator of consumer-business interaction in South Africa. South African media are reporting the NCC has confirmed
South Africa’s NCC finally announces Crowd1 investigation Read More »
Following confirmation on Twitter that Crowd1 operates illegally in South Africa, the FSCA has now issued a formal statement. According to the FSCA, South Africa’s top financial regulator, Crowd1 is neither an authorised Financial Service Provider (FSP), nor is it a representative of an authorised FSP. There is also no record of this entity having
Official Crowd1 fraud warning from South Africa’s FSCA Read More »
After doing nothing for almost a year while the Crowd1 Ponzi scheme spread like wildfire, South African authorities have clarified the company operates illegally. Well, sort of. Rather than take any initiative, the FSCA clarified Crowd1 was operating illegally in response to a public Twitter enquiry. As above, it was only after being reached out
South African authorities confirm Crowd1 operating illegally Read More »
Vietnam’s Competition and Consumer Protection Department has issued fraud warnings against Crowd1 and OneLink. The CCPD has observed Crowd1 and OneLink being promoted across social media networks in Vietnam. The regulator warns that both companies are “not in compliance with the law”. “The Department of Competition and Consumer Protection assessed that the operational models of
Crowd1, OneLink & Vitae fraud warnings issued in Vietnam Read More »
A Crowd1 investment warning has been issued across Central Africa. In related news Crowd1 investors in South Africa are upset at the company’s latest round of low payouts. The Central African Financial Market Supervisory Commission (COSUMAF) is the financial regulatory arm of the Central African Economic and Monetary Community (CEMAC). CEMAC’s jurisdiction spans Cameroon, the
Crowd1 warning issued across Africa (investors mad) Read More »
A Crowd1 securities fraud warning has been issued by New Zealand’s Financial Markets Authority. The FMA’s June 5th warning cites Crowd1’s Spanish corporate address and states We recommend exercising caution before dealing with Crowd1 and Impact Crowd Technology S.L. as they are not registered companies or financial service providers in New Zealand. Crowd1 offers a
Crowd1 securities fraud warning issued in New Zealand Read More »
Crowd1 has been identified as a “pyramid scam” by Gabon’s Ministry of Economy and Finance. In a June 1st communication, Gabon’s top financial regulator warns that Crowd1 is akin to network marketing pyramid scam systems in which profit does not come sales activity but from the recruitment of new members. Thus, only the designers of
Crowd1 “pyramid scam” warning issued in Gabon Read More »
Mauritius’ Financial Service Commission has issued a securities fraud warning against Crowd1. The FSC conducted an investigation into Crowd1 following reports of ‘members of the public in Mauritius are being solicited via media to invest’. This investigation lead to the FSC concluding Crowd1’s MLM opportunity is a securities offering, which the company has not registered.
Crowd1 securities fraud warning issued in Mauritius Read More »
