The Norwegian Lottery Authority has revealed it has an lively investigation into Crowd1.
The Lottery Authority first grew to become conscious of Crowd1 following a number of inquiries from the Norwegian public.
The Lottery Authority data that Crowd1 is being traded in a pyramid system, however doesn’t presently have ample data of the turnover system to have the ability to assess whether or not that is an unlawful pyramid scheme.
In an try and get extra data on the corporate, the Lottery Authority despatched out letters to Crowd1’s offered Dubai tackle, and native promoter Johan Kloster.
Upon being contacted by native media, Kloster deleted his Crowd1 promotional efforts on social media.
He additionally demanded Norwegian press not point out him “in articles about Crowd1”.
As reported by Dine Penger, Kloster has beforehand had a run in with the Lottery Authority over his involvement in Wealth Masters Worldwide.
After WMI was banned in Norway, a BehindMLM reader outed Kloster as one in every of That Free Factor’s prime promoters.
Kloster is reported to have signed up with Crowd1 in April. By his personal admission, Kloster has so far remodeled €60,000 EUR selling the rip-off.
Whereas there’s no administration particulars offered on Crowd1’s web site, the corporate is supposedly headed up by Jonas Eric Werner.
Dine Penger reviews that Werner (proper) is predicated out Sweden. He’s reported to have begun his MLM underbelly profession through the Spinglo pyramid scheme.
After that Werner joined the OPN Sitetalk pyramid scheme, which was finally offered off to the OneCoin Ponzi scheme.
Dine Penger tried to get in contact with Werner however he didn’t reply.
On the time of publication the Lottery Authority has but to obtain a reply to the letters it despatched out in June. The regulator’s investigation is ongoing.
BehindMLM reviewed Crowd1 again in August. Primarily based on its enterprise mannequin, we concluded on the very least Crowd1 was engaged in securities fraud.
At worst the corporate combines a pyramid recruitment mannequin with that of a Ponzi scheme.