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 fashions of (Crowd1 & OneLink) confirmed indicators of pyramid funding and prohibited acts below the present laws”, (a) Division consultant mentioned.
With the intention to keep away from bodily and authorized dangers, the Competitors and Client Safety Division additionally issued a warning to individuals to not make investments, or develop enterprise methods into the initiatives with (Crowd1 and OneLink).
Crowd1 is a European rip-off that up till lately was primarily promoted throughout Africa. The Ponzi scheme has obtained regulatory warnings from a number of nations.
OneLink is a Ponzi scheme created by former OneCoin Grasp Distributor Simon Le.
Vitae, to not be confused with Vitae International, additionally will get a point out. Vitae is run by serial-scammer Michael Weber and markets Vitae token Ponzi factors.
On the time of publication Alexa cites Vietnam because the second largest supply of site visitors to Vitae’s web site.