Crowd1 throws Philippine investors under the bus
Crowd1 affiliate investors have been given a glimpse of how the company plans to respond to regulatory action.
By throwing them under the bus and abandoning them.
Speaking on behalf of the company, Regional Manager for Asia Pacific Jan Frostne has stated Crowd1 intends to
cooperate in the proceedings especially in identifying involved individuals or groups who misrepresent Crowd1 and entice people to invest or solicit investments.
“Proceedings” refers to action taken by the Philippine SEC, who last week issued a warning against Crowd1 investment due to securities fraud.
Rather than admit its a Ponzi scheme, Crowd1 has gone down the path of pretending it’s not supposed to be marketed as an investment opportunity.
The move is pure pseudo-compliance, seeing as Crowd1 is very much a passive investment opportunity.
In addition to serving up investors to regulators, Crowd1 has informed affiliates the Philippine SEC is “misinformed” of its transactions”.
Naturally the company has failed to elaborate, but has stated it
will inform the SEC on their products and services in order to clear out the misunderstanding.
In light of its fraudulent business model, we anticipate whatever nonsense Crowd1 comes up with will be summarily dismissed by the SEC.
Although Crowd1 isn’t registered to offer securities in any jurisdiction it solicits investment in, so far only Namibia, Paraguay and the Philippines have taken action.
Crowd1 is believed to be owned by Jonas Eric Werner (right) who, together with CEO Johan Stael Von Holstein, runs the Ponzi scheme out of Sweden.
The ceo johan as gone away from the company since march 17. It’s written on the company records on spanish companies website.
You mean he took his name off one of Crowd1’s shell companies.
If Johan Stael Von Holstein cashed out and left Crowd1 in March, why was he making withdrawal excuses for the company last month?
https://behindmlm.com/companies/crowd1-withdrawal-delays-ceo-sets-up-covid-19-exit-scam/
I asked this the last time it came up and didn’t get an answer.
As of this moment, on his LinkedIn page he still gives his current occupation as: “CEO Impact Crowd Technology S.L”.
As Oz points out, less than three weeks ago he was also communicating with a Swedish news website on behalf of Crowd1.
If he has left, both he and Crowd1 are trying to keep it a secret.
As a general observation: “CEO” is not a legally defined term in any European country that I know of. So somebody referred to as CEO can very well not appear in any publicly available company records at all, and what role they play within a company is entirely up to that company.
will the Philippine promoters be caught? they are all over youtube!
Now they are promoting another new Ponzi, Kangot. SEC should take a look!
JSvH is interviewed along with Werner in a followup to the online Live event a week ago, April 29, so he is not out. Available on YT.
Run by Swedes, but I’m not sure if it’s run *out of* Sweden. The cash flow probably needs to be kept out of Sweden.
As there is not much noise about it here in Sweden they will probably get by. The only Ponzis that get shut down is Swedes scamming Swedes.
Swedes scamming people abroad = no one reports it to the Swedish police
Operations overseas that scam Swedes = too much investigation work for the police to figure out wft a blockchain is
Another Swedish scammer Dan Anderson has done the same to all members of LEO.Closed down the company website LearnEarnOwn.com and ran away with our money. He should go to jail before he harms anymore people.
Mihir Magudia and Andy Hansen are Dan Anderson’s pimps and were directors in LEO. Not sure if Dan ran away with all the money or he shared it with Mihir Magudia and Andy Hansen.
I think you guys who keep joining ‘obvious’ scams shouldn’t be so gullible.
Fraudsters who cheat on everyone. People earn only by attracting new people.
This is another financial pyramid.