The Czech National Bank has issued a securities fraud warning against Crowd1.
The CNB is the Czech Republic’s top financial regulator.
As per the CNB’s December 9th warning;
CROWD1 Network Ltd. and Impact Crowd Technology SL do not have any authorization to provide investment or other services on the financial market in the Czech Republic and the Czech National Bank does not supervise their activities. Any investment is not legally insured.
This is the equivalent of a securities fraud warning in other jurisdictions.
To date Crowd1 has attracted the attention of regulators in
New Zealand
,
Mauritius
,
South Africa
,
the Philippines
,
Norway
,
Namibia
,
Paraguay
,
Gabon
,
Vietnam
,
Cote d’Ivoire
,
Slovakia
and
Hungary
.
Crowd1
was founded by Jonas Erik Wener in mid 2019. The Ponzi scheme is operated by CEO Johan Stael Von Holstein.
Both Wener and Holstein are believed to be Swedish citizens currently residing in Spain. Together, Wener and Holstein operate Crowd1 from Spain.
To date Swedish and Spanish authorities have failed to take any action against Crowd1 or its executives.
Crowd1 is currently being heavily promoted across Russia, Azerbaijan and Qatar.
🤖 Quick Answer
What is the Czech National Bank's warning about Crowd1?The Czech National Bank issued a December 9th securities fraud warning stating that Crowd1 Network Ltd. and Impact Crowd Technology SL lack authorization to provide investment services in Czech Republic. The CNB does not supervise their activities and investments are not legally insured.
Which countries have issued warnings against Crowd1?
Crowd1 has attracted regulatory attention in New Zealand, Mauritius, South Africa, Philippines, Norway, Namibia, Paraguay, Gabon, Vietnam, Cote d'Ivoire, Slovakia, and Hungary, in addition to Czech Republic.
Who founded Crowd1 and when?
Crowd1 was founded by Jonas Erik Wener in mid-2019. The company has since expanded internationally but faces increasing regulatory scrutiny across multiple jurisdictions worldwide.
🔗 Related Articles
- Lifestyle Marketing Group Review 2.0: Matrix points pyramid
- Daniel Filho criminal case moved back to Massachusetts
- Troy Barnes sentenced to 33 months prison (Achieve Community)
- PetronPay securities fraud warning from QC, Canada
- Crown Global securities fraud warning from ON, CA