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Crowd1 South Africa
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SA Regulator Flags Crowd1 as Suspected Pyramid Scheme
South African financial regulators have been taking a renewed critical look at Crowd1 – a nebulous, highly controversial and popular Spanish (or Russian) company that claims to be a networking marketing firm, among other things. Crowd1 has already been banned…
Namibia Bans Pyramid Scheme Most Popular with South Africans
Crowd1, the “get-rich-quick” business operation has just been banned in Namibia with the Bank of Namibia declaring the business’ operations to be an “undesirable practice” – meaning 10 years in prison or about a $66,000 fine for anyone caught promoting…
