Crowd1, OneLink & Vitae fraud warnings issued in Vietnam
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.
About time for Crowd1.
RE: (The relatively new) OneLink scam – makes me wonder if Simon Le is in deeper shit than he realizes?
The latest to keep the sucker round up going.
Mein Gott… the overt scamming idiocy of this is hilarious in a sad way.
^^ What a load of long-winded say nothing waffle.
Explains the braindead Ponzi zombie comments we get on our Crowd1 coverage.
Can regulators across EU do their damn jobs already? Or is this going to be another OneCoin saga?
If you shout what that Johan guy is saying in a Trinidadian accent, it is remarkably like King Jayms. OneCoin loves the “learning to walk” metaphor too.
He’s been mostly pulling strings from the shadows for a couple months now, after putting himself in the front for a short while at the beginning of the project.
Like I said before, local police have already put him in a blacklist and perhaps he sniffed it too.
Oz, I would love to report Crowd 1 to UK FCA, but so far they have not run any events here in the UK – only promoted online so far.
I will file a report with City police, since they do look at digital fraud.
Now if you have evidence they have held meetings in UK, I will gladly write to the FCA and make a formal complaint?
Crowd 1 remains banned in all my Facebook groups.
Crowd1 isn’t really marketing in western countries. Euro scammers going after low-hanging fruit in Africa/Asia again.
@ Laurence
I love your determination. The FCA wouldn’t be the correct body to report to in the UK. They have a very limited brief. Go directly to ActionFraud or the City of London Police. They are responsible ultimately if anyone in the UK got burned and are more proactive than the Met. You can do everything online