Crowd1 gambling partner claims “no cooperation”
Crowd1’s gambling ruse might be coming undone, following confirmation one claimed gambling partner is in fact not a partner.
SBA markets itself as “one of the leading Sports Betting and Casino sites in Uganda”.
Through Affilgo, Crowd1 claims to have a partnership with the company (click to enlarge):
Crowd1 claims to generate external revenue via gambling partnerships.
As opposed to simply recycling invested funds, Crowd1 claims to pay returns out of gambling partnership revenue.
A BehindMLM reader reached out out to SBA to confirm Crowd1’s claimed partnership (click to enlarge source on right):
I would like to get some information from you, about a partnership with the company Crowd1.
They promote themselfs that they have an cooperation with you, as a partner, but I was not able to find any sign of this on your website.
Crowd1 uses the “Affilgo” brand name to cooperate with you.
Can you please feedback me about this issue?
A representative from SBA’s Customer Support Team replied:
Premier Bet Sports Company has no cooperation with the Affilgo or Crowd1 company.
Premier Bet is SBA’s parent company:
Premier Bet is also separately listed as a Crowd1 partner through Affilgo:
SBA’s email response confirms that at least two companies Crowd1 claims are gambling revenue partners, are in fact not.
BehindMLM reviewed Crowd1 last August. Based on the company failing to register it’s passive investment opportunity with financial regulators, we concluded it was a fraudulent investment scheme.
The only reason an MLM investment company would opt to operate illegally is if it’s not paying returns with external revenue.
Using internal revenue (invested funds) to pay returns is a Ponzi scheme model.
Last month Namibia banned Crowd1 for being a Ponzi scheme. The company is also under regulatory investigation in Norway.
Hi we want to now if crowd1 is not a scheme. Can you please give us a fit back on my email. From Namibia. Regardjohing
No I can’t, stop being a lazy ass – https://behindmlm.com/mlm-reviews/crowd1-review-owner-rights-virtual-shares-investment-fraud/
Crowd1 is a Ponzi scheme, sorry for your loss.
Obviously the writer of this article is some person on a sites ticket system who doen’t know all the deals the whole global company does.
The only “deals” Crowd1 does is recycling newly invested funds to pay existing investors.
Feel free to provide audited accounting showing evidence to the contrary.
Its run in Namibia, all super here!
Why this site here dosent tell the true??
@Vester
Crowd1 was banned by Namibian authorities. That’s a fact. It happened. Get over it.
What the ban doesn’t do is stop scammers like you from continuing to promote it illegally. It’s on Namibian authorities to enforce the ban.
Crowd1 actually prohibit their users to contact the gambling partners. And
When I read this, I was quite shocked. How can this make sense?
SOURCE: crowd1.com/terms
-> PDF, page 28, 11.07 RELATIONSHIP WITH THIRD PARTIES
So I must admit that this was a very interesting read…
you say that they where deemed a scheme because they did not register with financial regulators, which ones are you talking about? In which country? Because that is important info you are conveniently leaving out to make your point.
The company infact actually has a Tax Identification Number in Europe, one of the Most regulated countries. As well as being registered with CIPRA and SARS in South Africa… but you also dont mention this…
You also say its banned in Namibia, but it isn’t. The Bank did try to ban it bit they refuse to provide evidence of their “investigation”…
And I LOVE how you end off with… and is under regulatory investigation in Norway… as if thats a punch line…
now 2 points for this one because you are outdated.
1) yes, regulatory investigation… what does that mean? Its 100% normal for any company to be investigated… and point number
2) here is where you are out of date. They have actually finished their investigation!!!
Yes, they decided Crowd1 is not allowed in Norway but that has NOTHING to do with Crowd1 and its legality. It has to do with Norway and MLM companies.
Go look at Norways regulations… it states: In Norway any LEGAL MLM will be deamed ILLEGAL. They dont have issue with Crowd1, they have issue with MLM, Herbalife, Avon, Nu Skin… all those companies are also illegal in Norway so please dont try to slant your article to show your point of view.
Present the true and correct facts and let the people decide for themself! (Ozedit: recruitment spam removed)
All of them.
They have a shell company registered for tax in Spain. And?
A shell company tax reg is meaningless with respect to the legal requirement of registering a securities offering with financial regulators. Nor is it a substitute.
Yes, yes it is. You are welcome to provide an official statement from the Bank of Namibia stating otherwise.
Securities in South Africa are regulated by the FSB. Being registered with non-financial regulators is as meaningless as registering for tax in Spain.
I don’t report on irrelevant information.
It certainly isn’t 100% normal for a company to be investigated for fraud.
Prove it.
False. MLM is legal in Norway.
Unless you want to come off as a fucking moron, don’t run around the internet regurgitating Facebook scam “facts”.
i would just like to point out that it has been 11 days since jane doe was asked to provide evidence.
From the looks of it jane doe does not like having the burden of proof on her shoulders, where she was perfectly fine pointing fingers and making accusations yet no attempt to even try to provide adequate evidence.
I have dealt with people with that type of mentality before, those who think their and the people’s emotions of certain things trumps hard facts.
I won’t be surprised if she just shows up and tries to change the subject or play the blame card.
Crowd1 also claims to be in the esports industry, I play Dota 2. I have never heard of miggster! I would also encourage other people to ask other serious gamers (you can find them on twitch) if they heard about that company.
I hope my 2 cents brought some light to biased thinking people.
@Jane Doe
Crowd1 is not registered in Europe.
ICT and Crowd1 are two different entities.
ICT is a Spanish shell company which claims to have bought Crowd1. But Crowd1 is registered in Cyprus and has a fictitious office in Dubai.
Without forgetting Miggster, Affilgo, Mygrithub, all registered in Cyprus at the same address as Crowd1.
The aim of all these companies is to stun the victims so that they do not really know who they are facing.
Crowd1 is a well-designed scam from day one. Whether you like it or not, Crowd1 is a scam run by professional scammers.
Those people saying that Crowd1 is a scam if you check on them well are competitors.
^^ Yeah, individuals being competitors to Crowd1. That makes sense.
This is why you don’t blindly parrot what comes down from the Ponzi upline.
@OZ
1 Now how long doest it going to take then it runs away..?
2 I here if the company exists over 2 years and it’s global expansion…that show its stability…
3 Crowd1 has the compensation plan and it has approvals and people are already using the Lifetrends to book for hotels and airtick… how can it be a scam…?
4 What is a scam?
1. Same as any other Ponzi scheme, when new investment runs out.
2. How long a Ponzi scheme exists for doesn’t negate the fact it’s a Ponzi scheme. Math is math and unsustainable business models by definition can’t be stable.
3. Crowd1 has no such approvals. And what you bundle with Ponzi investment is irrelevant.
4. Crowd1.