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Having made a fortune for a handful of Europeans, the scheme has left behind a trail of debt and poverty in S.Africa, Kenya and Nigeria.
Crowd1 has always claimed it that it is not a pyramid scheme. Given the cloud over it, an inquiry by the NCC could easily clear this up.
The National Consumer Commission (NCC) is not investigating Crowd1, despite several financial regulators like Bank of Namibia and the Philippines’s Securities and Exchange Commission prohibiting ...
A new investigation by BBC Africa Eye has uncovered an audacious global pyramid scam, run from Europe, that is using smartphones to cheat ordinary people across Africa, Asia, and Latin America.
Crowd1 is a high-tech crowd marketing business and has been accused of running a pyramid scheme.
The Securities and Exchange Commission (SEC) has directed CROWD1 Asia Pacific Inc. to immediately stop its “fraudulent” investing-taking activities under a scheme disguised as a digital ...
Crowd1 is a high-tech crowd marketing business and has been accused of running a pyramid scheme.
Behind the promises and the hype, Crowd1 hides some ugly truths, some wealthy scammers, and a whole pyramid of lies.