
Request 4 Information – MLM Scheme Crowd1, Billionaires Club, and its regulatory issues
In recent months, the MLM scheme Crowd1 has apparently become the focus of the attention of various financial market supervisory authorities. Especially the regulators in Africa, Asia, and the Pacific region have issued warnings against the alleged Ponzi scheme, which is active in the gaming and financial services. The Scheme is allegedly operated by entities in Sweden, Spain, and Dubai. There is currently no reliable information about the beneficial owners.