A gaggle of Crowd1 promoters in Azerbaijan have been arrested.
Following their arrest, the scammers admitted Crowd1 was a fraudulent pyramid scheme.
Arrested Azerbaijani Crowd1 promoters embrace Habil Badalov, Amin Huseynov, Alovsat Mazandarov, Sabahir Farzaliyev, Yasin Amirli and Goychak Dunyamaliyeva.
Habil Badalov has been named as the first suspect. Solely 5 of his arrested accomplices have been named thus far.
The Azerbaijani Crowd1 arrests coincided with workplace raids, netting authorities “paperwork and digital media”.
H. Badalov and different members of the group – Amin Huseynov, Alovsat Mazandarov, Sabakhir Farzaliev, Yasin Amirli and Goychek Dunyamalyeva have been urgently detained and brought to the Most important Directorate.
The detainees admitted of their testimony that Crowd-1 is a fraudulent scheme.
Azerbaijani police cottoned onto Crowd1 following monetary establishments freezing funds underneath suspicion of fraud.
The organizers of the community promised residents to take a position their funds in worldwide corporations.
Nonetheless, in actuality, the deposits of residents on financial institution playing cards have been frozen.
The Azerbaijan Crowd1 arrests befell in late November. A felony case has been lodged towards the suspects however there haven’t been any updates since.
BehindMLM first reviewed Crowd1 in August 2019. The corporate’s authentic enterprise noticed it solicit funding in digital shares, purportedly tied to on-line playing.
We concluded Crowd1 was your typical MLM Ponzi scheme. Pyramid recruitment is required to maintain the scheme afloat.
Crowd1’s playing income ruse fell aside inside a 12 months. The Ponzi scheme bounced from one new ruse to a different all through 2020 and 2021.
When BehindMLM final visited Crowd1 in October 2021, the scheme was soliciting funding into Digital Companions Community.
Digital Companions Community is a UK shell firm arrange in mid 2021.
Crowd1 is run by Jonas Erik Werner (proper).
Initially from Sweden, Werner and his Crowd1 accomplices are believed to have fled to Dubai.
Dubai is an MLM rip-off safe-haven. The UAE has no energetic regulation of MLM fraud.