Vietnam’s Competition and Consumer Protection Department has issued fraud warnings against Crowd1 and OneLink.

The CCPD has observed Crowd1 and OneLink being promoted across social media networks in Vietnam.

The regulator warns that both companies are “not in compliance with the law”.

“The Department of Competition and Consumer Protection assessed that the operational models of (Crowd1 & OneLink) showed signs of pyramid investment and prohibited acts under the current regulations”, (a) Department representative said.

In order to avoid physical and legal risks, the Competition and Consumer Protection Department also issued a warning to people not to invest, or develop business systems into the projects with (Crowd1 and OneLink).

Crowd1
is a European scam that up until recently was primarily promoted across Africa. The Ponzi scheme has received regulatory warnings from multiple countries.

OneLink
is a Ponzi scheme created by former
OneCoin
Master Distributor Simon Le.

Vitae, not to be confused with
Vitae Global
, also gets a mention. Vitae is run by serial-scammer Michael Weber and markets Vitae token Ponzi points.

At the time of publication Alexa cites Vietnam as the second largest source of traffic to Vitae’s website.

🤖 Quick Answer

What fraud warnings did Vietnam's Competition and Consumer Protection Department issue?
Vietnam's CCPD issued fraud warnings against Crowd1 and OneLink, identifying their operational models as exhibiting pyramid investment characteristics and violating current regulations. The department advised citizens against investing in or developing business systems with these companies.

Why did Vietnamese authorities warn against Crowd1 and OneLink?
Both companies were observed being heavily promoted on Vietnamese social media networks. Regulators determined their business models demonstrated signs of pyramid schemes and non-compliance with Vietnamese law, posing physical and legal risks to investors.

What action did the CCPD recommend to Vietnamese citizens?
The Competition and Consumer Protection Department officially warned the public to refrain from investing in or establishing business operations with Crowd1 and OneLink to mitigate potential financial, physical, and legal consequences associated with these entities.

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