Crowd1 has received a securities fraud warning from the Central Bank of Russia.
As per the
CBR’s February 1st, 2021 warning
, Crowd1 exhibits “signs of a “pyramid scheme”.
CBR’s warning applies to Crowd1 Network Europe LTD, Crowd1 Network LTD, Impact Crowd Technology SL, Impact Crowd Technology Scandinavia AB, as well as any other related Crowd1 shell companies.
Russia is the sixteenth jurisdiction to take regulatory action against Crowd1.
Other countries to issue Crowd1 fraud notices include
Peru
,
New Zealand
,
Mauritius
,
South Africa
,
the Philippines
,
Norway
,
Namibia
,
Paraguay
,
Gabon
,
Vietnam
,
Cote d’Ivoire
,
Slovakia
,
Hungary
and the
Czech Republic
.
Crowd1 promoters were also recently arrested in
Azerbaijan
.
Crowd1 is a
Ponzi scheme
run by Swedish national Jonas Werner (right).
Werner was up until last year residing in Spain. He is believed to have
fled to Dubai
.
🤖 Quick Answer
What is the Central Bank of Russia's warning about Crowd1?The Central Bank of Russia issued a February 1st, 2021 warning identifying Crowd1 as exhibiting signs of a pyramid scheme. The warning applies to Crowd1 Network Europe LTD, Crowd1 Network LTD, Impact Crowd Technology SL, and related entities, marking Russia as the sixteenth jurisdiction to take regulatory action against the organization.
Which countries have issued fraud notices against Crowd1?
Sixteen jurisdictions have taken regulatory action against Crowd1, including Peru, New Zealand, Mauritius, South Africa, the Philippines, Norway, Namibia, Paraguay, Gabon, Vietnam, Côte d'Ivoire, Slovakia, Hungary, and the Czech Republic. Additionally, Crowd1 promoters were arrested in Azerbaijan.
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