Crowd1’s appeal to the Philippine SEC has been denied. Effective immediately, Crowd1 is permanently banned in the Philippines.
Crowd1 @ BehindMLM
Rather than address securities fraud warnings issued around the globe, Crowd1 is pressing ahead with “but we have products!” pseudo-compliance. In a corporate blog post dated July 7th, Crowd1 announced partnerships with LifeTRNDS, SAfer and Tribute.
Authorities in Côte d’Ivoire have banned Crowd1 and QNet. The stated reason for the ban is both companies operate as scams and facilitate money laundering.
Regulators are belatedly turning up the heat on Crowd1 in South Africa. The latest regulatory body to announce it is investigating the Ponzi scheme is the National Consumer Commission (NCC).
Following confirmation on Twitter that Crowd1 operates illegally in South Africa, the FSCA has now issued a formal statement.
After doing nothing for almost a year while the Crowd1 Ponzi scheme spread like wildfire, South African authorities have clarified the company operates illegally. Well, sort of.
Vietnam’s Competition and Consumer Protection Department has issued fraud warnings against Crowd1 and OneLink.
A Crowd1 investment warning has been issued across Central Africa. In related news Crowd1 investors in South Africa are upset at the company’s latest round of low payouts.
A Crowd1 securities fraud warning has been issued by New Zealand’s Financial Markets Authority.
Crowd1 has been identified as a “pyramid scam” by Gabon’s Ministry of Economy and Finance.