Crown International has acquired a securities fraud warning from the Ontario Securities Fee (OSC).
As per the OSC’s March twenty fourth warning;
Crown International Restricted … shouldn’t be registered in Ontario to have interaction within the enterprise of buying and selling in securities.
Buying and selling in securities with out registering with OSC constitutes securities fraud.
Crown International is a reboot of the collapsed Crypto Crown Ponzi scheme.
Crown International solicits $27,500 investments on the promise of 18.5% a month for the primary six months, after which 22.5% a month over one other six months.
SimilarWeb tracked a rise in Crown International site visitors between November (36,200) and December (57,800), however total recruitment exterior of the UK seems to have collapsed.
As of December 2022, site visitors to Crypto Crown’s web site originated from the US (30%, down 20% month on month), the UK (21%, up 45% month on month), Spain (16%, down 15% month on month) and France (15%, down 31% month on month).
Crypto Crown was tied to Canada via Crypto Crown Inc., a Canadian shell firm registered via a UPS handle.
Following Crypto Crown’s collapse, Crypto Crown Inc. was dissolved in October 2022. A seek for Crown International turned up no outcomes.
Whether or not Crown International is definitely being run out of Canada stays unclear. In any occasion, Canadian regulators have taken discover of the rebooted Ponzi scheme.
Along with OSC, the Alberta Securities Fee added Crown International to its Funding Warning Checklist in February 2023.