Crowd1 has obtained a securities fraud warning from the Central Financial institution of Russia.
As per the CBR’s February 1st, 2021 warning, Crowd1 reveals “indicators of a “pyramid scheme”.
CBR’s warning applies to Crowd1 Community Europe LTD, Crowd1 Community LTD, Impression Crowd Know-how SL, Impression Crowd Know-how Scandinavia AB, in addition to another associated Crowd1 shell firms.
Russia is the sixteenth jurisdiction to take regulatory motion in opposition to Crowd1.
Different international locations to challenge Crowd1 fraud notices embody Peru, New Zealand, Mauritius, South Africa, the Philippines, Norway, Namibia, Paraguay, Gabon, Vietnam, Cote d’Ivoire, Slovakia, Hungary and the Czech Republic.
Crowd1 promoters have been additionally not too long ago arrested in Azerbaijan.
Crowd1 is a Ponzi scheme run by Swedish nationwide Jonas Werner (proper).
Werner was up till final yr residing in Spain. He’s believed to have fled to Dubai.
