Crowd1 securities fraud warning from QC, Canada
Crowd1 has received a securities fraud warning from Quebec’s Autorite des Marches Financiers (AMF).
As per the AMF’s March 14th Crowd1 warning;
Crowd1 is not registered with the Autorité des marchés financiers (AMF) and is not authorized to solicit investors in Québec.
Offering unregistered securities in violation of Quebec financial law constitutes securities fraud.
Crowd1, which also goes by C1, is a long-running Ponzi scheme that has gone through multiple reboots.
The scam is headed up by Jonas Werner (right), a Swedish national hiding out in Dubai.
Last BehindMLM checked in on Crowd1, Sverker Caron was fronting an Emperor Knights “play to earn” cash grab.
Crowd1’s latest ruse appears to be a simple staking model Ponzi, run through its newly created “corebit” token.
In addition to AMF’s Crowd1 fraud warning;
- Namibian authorities banned Crowd1 for being a Ponzi scheme in February 2020
- Paraguay issued a Crowd1 fraud warning in March 2020
- the Philippines issued a Crowd1 fraud warning in April 2020
- Mauritius issued a Crowd1 fraud warning in May 2020
- Gabon issued a Crowd1 fraud warning in June 2020
- New Zealand issued a Crowd1 fraud warning in June 2020
- Vietnamese authorities issued a Crowd1 fraud warning in June 2020
- South African authorities issued a Crowd1 fraud warning in June 2020
- Cote d’Ivoire banned Crowd1 nationwide for being a scam in July 2020
- Slovakian authorities issued a Crowd1 fraud warning in December 2020
- Hungarian authorities issued a Crowd1 fraud warning in December 2020
- the Czech Republic issued a Crowd1 fraud warning December 2020
- Peruvian authorities confirmed Crowd1 was operating illegally nationwide in December 2020
- Azerbaijan authorities made several Crowd1 arrests in January 2022
- Russia issued a Crowd1 fraud warning in January 2022
- Nepal issued a Crowd1 fraud warning in January 2022
- Bhutan issued a Crowd1 fraud warning in March 2022
- Indian authorities made several Crowd1 arrests in April 2022
- Philippine authorities confirmed Crowd1 was banned nationwide in May 2022
- Swedish authorities raided Crowd1’s local offices and made several arrests in March 2023
Despite all that, Crowd1 persists in jurisdictions that haven’t made arrests.
As of February 2025 SimilarWeb was still tracking ~273,000 monthly visits to Crowd1’s website. Top sources of Crowd1 website traffic are Russia (52%), Sweden (23%), South Africa (8%) and the UAE (4%).
