Crowd1 securities fraud warning issued in Slovakia

The Nationwide Financial institution of Slovakia (NBS) has issued a securities fraud warning in opposition to Crowd1.

The NBS operates as  is Slovakia’s prime monetary regulator.

As per NBS’ December third warning,

CROWD1 Community Ltd and Affect Crowd Know-how S.L. usually are not topic to supervision by NBS; they don’t seem to be authorised by NBS to conduct any exercise within the Slovak monetary market, nor are they recorded in any register maintained by NBS.

That is the equal of a securities fraud warning in different jurisdictions.

NBS goes on to quote regulatory warnings issued in opposition to Crowd1 by New Zealand, Mauritius, South Africa and the Philippines.

BehindMLM would add Norway, Namibia, Paraguay, Gabon, Vietnam and Cote d’Ivoire to that record.

NBS notes that earlier regulatory investigations in these nations

have outlined the actions of the 2 corporations as a type of a pyramid or Ponzi scheme.

Crowd1 was based by Jonas Erik Wener in mid 2019. The corporate is operated by CEO Johan Stael Von Holstein from Sweden.

To this point Swedish authorities have didn’t take any motion in opposition to Crowd1 or its executives.

Crowd1 is at present being closely promoted throughout Russia, Azerbaijan and Qatar.