In Azerbaijan, a gaggle of Crowd1 promoters have been detained, in accordance with stories. Crowd1 was uncovered as a bogus pyramid scheme when the scammers have been arrested. Habil Badalov, Amin Huseynov, Alovsat Mazandarov, Sabahir Farzaliyev, Yasin Amirli, and Goychak Dunyamaliyeva are among the many Azerbaijani Crowd1 promoters who’ve been arrested.
The important thing suspect is Habil Badalov. The names of solely 5 of his alleged collaborators have up to now been made public… “Paperwork and digital media” have been seized in the course of the Azerbaijani Crowd1 arrests and workplace raids. Amin Huseynov, Alovsat Mazandarov, Sabakhir Farzaliev, Yasin Amirli, and Goychek Dunyamalyeva have been apprehended and transferred to the Primary Directorate within the instant aftermath of the incident.
When requested about Crowd-1’s legitimacy, the detainees admitted as a lot of their proof. Following the suspension of money by monetary establishments as a result of fraud suspicions, Azerbaijani police found Crowd1. Residents have been advised by the community’s organizers that their cash can be invested in multinational companies. Nevertheless, residents’ financial institution card deposits have been really halted. Azerbaijan Crowd1 was arrested within the final days of November in Tbilisi, Georgia.
The people have been charged with a criminal offense, however there have been no extra developments. Funding in digital shares, allegedly linked to web playing, was the unique enterprise of the company. We got here to the conclusion that Crowd1 was nothing greater than a basic multi-level advertising (MLM) pyramid scheme.
A gentle stream of latest recruits is required to maintain the pyramid scheme going. Inside a 12 months, Crowd1’s scheme to earn money by playing had crumbled. All through 2020 and 2021, the Ponzi scheme shifted from one deceit to the following. in October 2021, the corporate was attempting to lift cash for Digital Companions Community.
In the course of 2021, a UK shell company known as Digital Companions Community was fashioned. Jonas Erik Werner is the person behind Crowd1. It’s alleged that Werner and Crowd1 accomplices escaped to Dubai from Sweden. Dubai is a hotspot for MLM scams. MLM rip-off is totally unregulated within the United Arab Emirates.