The Czech Nationwide Financial institution has issued a securities fraud warning towards Crowd1.
The CNB is the Czech Republic’s high monetary regulator.
As per the CNB’s December ninth warning;
CROWD1 Community Ltd. and Influence Crowd Expertise SL do not need any authorization to offer funding or different providers on the monetary market within the Czech Republic and the Czech Nationwide Financial institution doesn’t supervise their actions. Any funding just isn’t legally insured.
That is the equal of a securities fraud warning in different jurisdictions.
To this point Crowd1 has attracted the eye of regulators in New Zealand, Mauritius, South Africa, the Philippines, Norway, Namibia, Paraguay, Gabon, Vietnam, Cote d’Ivoire, Slovakia and Hungary.
Crowd1 was based by Jonas Erik Wener in mid 2019. The Ponzi scheme is operated by CEO Johan Stael Von Holstein.
Each Wener and Holstein are believed to be Swedish residents presently residing in Spain. Collectively, Wener and Holstein function Crowd1 from Spain.
To this point Swedish and Spanish authorities have did not take any motion towards Crowd1 or its executives.
Crowd1 is presently being closely promoted throughout Russia, Azerbaijan and Qatar.