Crowd1 permanent fraud ban reaffirmed in Philippines
The Philippine SEC has issued a press-release reminding consumers that the Crowd1 Ponzi scheme remains banned across the country.
The SEC claims its renewed May 10th investor alert
is prompted by numerous reports received by the Commission regarding the continuous activities/operation of CROWD1 ASIA PACIFIC, INC. in the Philippines despite the PERMANENT Cease and Desist Order (CDO) issued by the Commission on 02 July 2020, the ORDER OF REVOCATION of its Certificate of Registration on 09 September 2020, the SEC Advisory issued on 28 April 2020 and the 09 June 2020 SEC Advisory on Ronnie John Dohina Barrientos, a.k.a, Ronnie Barrientos, an active supporter and recruiter of Crowd1.
In this regard, the public is hereby WARNED and ADVISED to exercise extreme caution when approached by individuals or group of persons claiming to represent CROWD1 ASIA PACIFIC, INC. and NOT TO INVEST or STOP INVESTING their hard earned money in CROWD1 ASIA PACIFIC, INC. and in any high-yield, high-risk investment scheme.
As of May 2022, Ronnie Barrientos is still promoting Crowd1 in the Philippines:
Barrientos was holding “jampacked” Crowd1 promo events earlier this week, at what appears to be local McDonald’s restaurants:
Considering this is two years on from the SEC’s first warning against Barrientos, it seems obvious further action beyond warnings is needed.
The SEC has previously warned promoters of Crowd1 in the Philippines faceĀ fines of 5 million PHP (~$415,000 USD), or a twenty-one year prison sentence.
The SEC requests Philippine residents approached by Barrientos or anyone else representing Crowd1 in the Philippines, to contact them via provided details.
Crowd1 is run by Jonas Werner (right), a Swedish national who fled to Dubai last year.
Through Metaversy, the Ponzi scheme recently announced it was migrating investor losses from virtual shares to crypto fraud.
Just check on Facebook and Instagram, how many Filipinos are enticed by Mr Eddy Knoop to visit Dubai, it’s just too hot for them to travel again to the Philippines.
See for your self, the pictures do not lie, they also force the Filipinos on daily Zoom calls and offline meetings, invest in Planet IX and Metaversy now is their daily message.
They know that Crowd1 is Banned in the Philippines since 2020, but they are high on their own earnings.
Eddy & Mariana Knoop are banking in Dubai, escaping the Dutch Taxes and praise the lord.
for their super Crowd1 lifestyles, while most poor Filipinos are left in the dark….