The Central Bank of Russia has issued a securities fraud notice to Crowd1.
According to the CBR’s warning from February 1, 2021, Crowd1 has “indications of a “pyramid scheme.”
The caution issued by CBR applies to all connected Crowd1 shell firms, including Crowd1 Network Europe LTD, Crowd1 Network LTD, Impact Crowd Technology SL, and Impact Crowd Technology Scandinavia AB.
Russia is the seventeenth nation to impose restrictions on Crowd1.
Peru, New Zealand, Mauritius, South Africa, the Philippines, Norway, Namibia, Paraguay, Gabon, Vietnam, Cote d’Ivoire, Slovakia, Hungary, and the Czech Republic are more nations that have issued Crowd1 fraud alerts.
Recently, advocates of Crowd1 were also detained in Azerbaijan.
A Ponzi scam called Crowd1 is managed by Swedish citizen Jonas Werner (right).
Werner lived in Spain up until last year. It’s thought that he escaped to Dubai.