Crowd1 has received a securities fraud warning from Quebec’s Autorite des Marches Financiers (AMF).

As per the 
AMF’s March 14th Crowd1 warning
;

Crowd1 is not registered with the Autorité des marchés financiers (AMF) and is not authorized to solicit investors in Québec.

Offering unregistered securities in violation of Quebec financial law constitutes securities fraud.

Crowd1, which also goes by C1, is a long-running Ponzi scheme that has gone through multiple reboots.

The scam is headed up by Jonas Werner (right), a Swedish national
hiding out in Dubai
.

Last BehindMLM checked in on Crowd1, Sverker Caron was
fronting an Emperor Knights “play to earn” cash grab
.

Crowd1’s latest ruse appears to be a simple staking model Ponzi, run through its newly created “corebit” token.

In addition to AMF’s Crowd1 fraud warning;

Namibian authorities
banned Crowd1 for being a Ponzi scheme
in February 2020

Paraguay issued a
Crowd1 fraud warning
in March 2020

the Philippines issued a
Crowd1 fraud warning
in April 2020

Mauritius issued a
Crowd1 fraud warning
in May 2020

Gabon issued a
Crowd1 fraud warning
in June 2020

New Zealand issued a
Crowd1 fraud warning
in June 2020

Vietnamese authorities issued a
Crowd1 fraud warning
in June 2020

South African authorities issued a
Crowd1 fraud warning
in June 2020

Cote d’Ivoire
banned Crowd1 nationwide
for being a scam in July 2020

Slovakian authorities issued a
Crowd1 fraud warning
in December 2020

Hungarian authorities issued a
Crowd1 fraud warning
in December 2020

the Czech Republic issued a
Crowd1 fraud warning
December 2020

Peruvian authorities
confirmed Crowd1 was operating illegally nationwide
in December 2020

Azerbaijan authorities made
several Crowd1 arrests
in January 2022

Russia issued a
Crowd1 fraud warning
in January 2022

Nepal issued a
Crowd1 fraud warning
in January 2022

Bhutan issued a
Crowd1 fraud warning
in March 2022

Indian authorities made
several Crowd1 arrests
in April 2022

Philippine authorities
confirmed Crowd1 was banned nationwide
in May 2022

Swedish authorities
raided Crowd1’s local offices and made several arrests
in March 2023

Despite all that, Crowd1 persists in jurisdictions that haven’t made arrests.

As of February 2025 SimilarWeb was still tracking ~273,000 monthly visits to Crowd1’s website. Top sources of Crowd1 website traffic are Russia (52%), Sweden (23%), South Africa (8%) and the UAE (4%).

🤖 Quick Answer

What is Crowd1 and why did it receive a securities fraud warning from Quebec's AMF?
Crowd1 is an unregistered investment scheme that operates without authorization from Quebec's Autorité des marchés financiers. The AMF issued a warning on March 14th stating that Crowd1 solicits investors illegally, offering unregistered securities in violation of Quebec financial law, which constitutes securities fraud.

Who operates Crowd1 and what are its characteristics?
Crowd1 is operated by Jonas Werner, a Swedish national based in Dubai. The scheme is a long-running Ponzi operation that has undergone multiple restructurings and rebranding efforts throughout its existence to evade regulatory scrutiny.

What is Crowd1's current investment model?
Crowd1's latest iteration operates as a staking-based Ponzi scheme utilizing a newly created "corebit" token

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