Peru’s Superintendency of Banking, Insurance and Private Pension Fund Administrators (SBS), has issued a warning against several MLM companies operating illegally in the country.
Crowd1 @ BehindMLM
Crowd1 CEO Johan Stael von Holstein has abandoned Crowd1 and its investors. The abrupt announcement was made earlier today, via a press-release issued by Mattias Tönnheim
The Czech National Bank has issued a securities fraud warning against Crowd1.
The Central Bank of Hungary (MNB) has added Crowd1 to its list of banned companies.
The National Bank of Slovakia (NBS) has issued a securities fraud warning against Crowd1. The NBS operates as is Slovakia’s top financial regulator.
Crowd1 affiliates in the Philippines are attempting to align the Ponzi scheme with the Philippine National Police Force.
BBC Africa Eye has premiered a documentary exposing Crowd1 as a pyramid cum failed Ponzi scheme. Aware of the BBC’s upcoming documentary, Crowd1 executives have issued a non-response response video of their own.
Crowd1’s appeal to the Philippine SEC has been denied. Effective immediately, Crowd1 is permanently banned in the Philippines.
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.