Crowd1 affiliate investors have been given a glimpse of how the company plans to respond to regulatory action. By throwing them under the bus and abandoning them. Speaking on behalf of the company, Regional Manager for Asia Pacific Jan Frostne has stated Crowd1 intends to cooperate in the proceedings especially in identifying involved individuals or […]
Crowd1 throws Philippine investors under the bus Read More »
The Philippine SEC has issued a securities fraud warning against Crowd1. As per an investigation into Crowd1 by the SEC, the regulator found it is apparent that the business of CROWD1, while undoubtedly a pyramiding scheme, is a securities offering through an investment contract. Furthermore, the use of the product or the online gaming is
Crowd1 securities fraud warning issued in the Philippines Read More »
Crowd1 is reportedly behind in payments across Sweden by a few months. Recruitment commissions are purportedly still being paid out in bitcoin, but promised returns are MIA. After speaking with Swedish Crowd1 investor Mae-Za Enge, Trijo news approached Crowd1 CEO Johan Stael Von Holstein for comment. Holstein (right) confirmed Crowd1’s withdrawal delays, citing banking “problems
Crowd1 withdrawal delays, CEO sets up COVID-19 exit-scam Read More »
Following Premier Bet’s clarification that they have nothing to do with the company, Crowd1 has ditched it’s gambling revenue ruse. The company now claims to be an generating revenue via app sales. Oh and of course withdrawals have stopped too. Ruhroh! Crowd1’s original Ponzi ruse was that they were generating revenue via online gaming. Crowd1
Crowd1 drops gambling ruse, now an “app” Ponzi Read More »
The Comision Nacional de Valores has issued a Crowd1 securities fraud warning for Paraguay. The CNV is Paraguay’s top financial regulator. On February 26th the regulator issued a public warning, advising against Crowd1 investment. The CNV identifies Crowd1 as a securities offering. The regulator notes Crowd1 is not registered with the CNV and therefore operates
Crowd1 securities fraud warning issued in Paraguay Read More »
Crowd1’s gambling ruse might be coming undone, following confirmation one claimed gambling partner is in fact not a partner. SBA markets itself as “one of the leading Sports Betting and Casino sites in Uganda”. Through Affilgo, Crowd1 claims to have a partnership with the company (click to enlarge): Crowd1 claims to generate external revenue via
Crowd1 gambling partner claims “no cooperation” Read More »
As recruitment across South Africa slows down, the Crowd1 Ponzi scheme will inevitably spread across African borders. Neighboring Namibia is having none of it, opting to instead ban Crowd1 The Bank of Namibia, the country’s top financial regulator, prohibited Crowd1 last Friday. The core business activity of Crowd1 is to introduce new members of the
Crowd1 banned in Namibia for being a Ponzi scheme Read More »
The Norwegian Lottery Authority has revealed it has an active investigation into Crowd1. The Lottery Authority first became aware of Crowd1 following several inquiries from the Norwegian public. The Lottery Authority records that Crowd1 is being traded in a pyramid system, but does not currently have sufficient knowledge of the turnover system to be able
Crowd1 under regulatory investigation in Norway Read More »
Crowd1 provides no information on their website about who owns or runs the business. Crowd1’s website domain (“crowd1.com”) was first registered back in 2007. The domain registration was last updated in October 2018. Stelios Piskopianos of Crowd1 Network Europe Ltd is listed as the owner, through an address in Cyprus. Cyprus is a scam-friendly jurisdiction
“Owner rights” virtual shares investment fraud Read More »
