Regulator flags Crowd1 as suspected pyramid scheme
Springboks Duane Vermeulen and Eben Etzebeth were used to lure ‘gullible people to keep the money-machine rolling’
24 June 2020 - 12:44
The regulator of financial services providers (FSPs) has issued a warning to the public about Crowd1, a suspected pyramid scheme that has been banned in Namibia and the Philippines.
In a statement released this week, the Financial Sector Conduct Authority (FSCA) says Crowd1 “is not authorised to render the financial services it is providing” in SA...
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