Mauritius’ Monetary Service Fee has issued a securities fraud warning towards Crowd1.
The FSC carried out an investigation into Crowd1 following studies of ‘members of the general public in Mauritius are being solicited by way of media to speculate’.
This investigation result in the FSC concluding Crowd1’s MLM alternative is a securities providing, which the corporate has not registered.
The FSC hereby informs the general public that Crowd1 and/or any people/ representatives or promoter teams working below this title usually are not and haven’t, at any time limit, been licensed and controlled by the FSC.
Linked from the FSC’s Could 14th warning are client alerts on Ponzi schemes, scams and social media fraud.
Comparable securities fraud warnings have been issued by the Philippines and Paraguay. Norway has additionally introduced a Crowd1 investigation.
Crowd1 is owned by Jonas Erik Wener. The corporate is operated by CEO Johan Stael Von Holstein from Sweden.
So far Swedish authorities have taken no motion towards the corporate or its house owners.