The Philippine SEC has issued a press-release reminding shoppers that the Crowd1 Ponzi scheme stays banned throughout the nation.
The SEC claims its renewed Could tenth investor alert
is prompted by quite a few experiences acquired by the Fee concerning the continual actions/operation of CROWD1 ASIA PACIFIC, INC. within the Philippines regardless of the PERMANENT Stop and Desist Order (CDO) issued by the Fee on 02 July 2020, the ORDER OF REVOCATION of its Certificates of Registration on 09 September 2020, the SEC Advisory issued on 28 April 2020 and the 09 June 2020 SEC Advisory on Ronnie John Dohina Barrientos, a.okay.a, Ronnie Barrientos, an energetic supporter and recruiter of Crowd1.
On this regard, the general public is hereby WARNED and ADVISED to train excessive warning when approached by people or group of individuals claiming to symbolize CROWD1 ASIA PACIFIC, INC. and NOT TO INVEST or STOP INVESTING their hard-earned cash in CROWD1 ASIA PACIFIC, INC. and in any high-yield, high-risk funding scheme.
As of Could 2022, Ronnie Barrientos continues to be selling Crowd1 within the Philippines:
Barrientos was holding “jampacked” Crowd1 promo occasions earlier this week, at what seems to be native McDonald’s eating places:
Contemplating that is two years on from the SEC’s first warning in opposition to Barrientos, it appears apparent additional motion past warnings is required.
The SEC has beforehand warned promoters of Crowd1 within the Philippines face fines of 5 million PHP (~$415,000 USD), or a twenty-one yr jail sentence.
The SEC requests Philippine residents approached by Barrientos or anybody else representing Crowd1 within the Philippines, to contact them through offered particulars.
Crowd1 is run by Jonas Werner (proper), a Swedish nationwide who fled to Dubai final yr.
By Metaversy, the Ponzi scheme not too long ago introduced it was migrating investor losses from digital shares to crypto fraud.