Crowd1 under regulatory investigation in Norway
The Norwegian Lottery Authority has revealed it has an active investigation into Crowd1.
The Lottery Authority first became aware of Crowd1 following several inquiries from the Norwegian public.
The Lottery Authority records that Crowd1 is being traded in a pyramid system, but does not currently have sufficient knowledge of the turnover system to be able to assess whether this is an illegal pyramid scheme.
In an attempt to get more information on the company, the Lottery Authority sent out letters to Crowd1’s provided Dubai address, and local promoter Johan Kloster.
Upon being contacted by local media, Kloster deleted his Crowd1 promotional efforts on social media.
He also demanded Norwegian press not mention him “in articles about Crowd1”.
As reported by Dine Penger, Kloster has previously had a run in with the Lottery Authority over his involvement in Wealth Masters International.
After WMI was banned in Norway, a BehindMLM reader outed Kloster as one of That Free Thing’s top promoters.
Kloster is reported to have signed up with Crowd1 in April. By his own admission, Kloster has thus far made over €60,000 EUR promoting the scam.
While there’s no management details provided on Crowd1’s website, the company is supposedly headed up by Jonas Eric Werner.
Dine Penger reports that Werner (right) is based out Sweden. He is reported to have begun his MLM underbelly career via the Spinglo pyramid scheme.
After that Werner joined the OPN Sitetalk pyramid scheme, which was eventually sold off to the OneCoin Ponzi scheme.
Dine Penger attempted to get in touch with Werner but he failed to reply.
At the time of publication the Lottery Authority has yet to receive a reply to the letters it sent out in June. The regulator’s investigation is ongoing.
BehindMLM reviewed Crowd1 back in August. Based on its business model, we concluded at the very least Crowd1 was engaged in securities fraud.
At worst the company combines a pyramid recruitment model with that of a Ponzi scheme.
Some of the biggest serial scammers are currently pimping this over 3-year old, constantly in prelaunch, company.
Petter Jakobsson, Renze Deelstra aka Renze Eduardo (He has scammed so many he had to change his name!), Bjorn Thomas, Jan Frostne, Eddy Knoop, O’neill Louiza to name a few… Let’s put out the names of these people selling air and stealing hard working people’s hard-earned money, so you can be warned!
Be aware, be VERY aware… because IF you have already parted with your money, your money is gone, they will not be coming back.
The only thing you are left with is air, worthless owner-rights and a hyped-up shit token. It’s disgusting to see how these people are operating and scamming people.
I hope someday karma will bite you scammers back hard. Look at the traces left behind, where are these people coming from, what was their involvement in those companies… Is it ever going to be enough?
Interesting…fortunately, I don’t think this is going to stop them…too many people are making good money with this company!
They’ll just payoff the Lottery Authority. Not like this is the U.S Government they are dealing with.
The Lottery Authority has a pretty good track record when it comes to regulation.
Crowd1 will likely be banned in Norway at some point. They’ll continue to scam elsewhere till collapse.
its already in more tham 80 countrys and making a lot of ppl rich! Im an afiliate, and im very happy with it.
I beleave in this project. Already made a lot of wifhdraws and the company keeps growning!! We are now more tham 900.000 membros in less tham an year.
And the products are the online games, and gambling with the partnership of Betway, do you know betway!? is it a “ponzy” too!!? Or everything diferent for you are “scams”?
I now there are a lot of “scams” on the world, but crowd1 is making a lot of ppl happy, even in Africa, helping a lot of ppl get out of poverty!!
JUst take another closer look! 🙂 bye!!
Kinda feel sorry for all the third world plebs who don’t understand what securities fraud is.
Y’all are happy while you’re “earning” backoffice monopoly money. Out come the tears when it’s all over.
Crowd1 knows that it cannot operate gaming activities in countries where gamings or gamblings are prohibited.
But the issue in Norway is not all about whether or not they allow gamings.
The issue in Norway has been a long standing issue that has infuriated different companies which believed to be legal in other countries but considered illegal in Norway.
1. Wealth Masters International (WMI ) – engaged in the retail of its products in Nutrition, Insurance & Finance .
2. Lyoness Company – engaged in shopping and investing in coupons
3. World Venture – Travel Club that offers discounts on vacation accomodation.
These companies above were all investigated and concluded by the Gaming Board as illegally operating in Norway years before Crowd1 came into the picture.
It should be pointed out that the 3 companies mentioned above tried to fight back on a legal suit or in some other way against responsible entities of Norway for their financial loss due to sanctions imposed on them by Norway.
The Lottery Act of Norway provides that “PYRAMIDING” is illegal and any company that is involved with Multi-Level Marketing or Networking are being subjected to investigation.
That is why Crowd1 will also undergo investigation because it is a networking company. However, it does not mean to say that Crowd1 is a scam.
However, investigation about Crowd1 is still ongoing at present and there is no basis of concluding that Crowd1 committed security fraud.
It was premature to arrive at a conclusion of security fraud last August 2019 during the publication of the article.
Members of Crowd1 know that Crowd1 has laid down and announced its plan from the very beginning including the date of launching.
Therefore there can not be any security fraud. Owner Rights are not backed up for nothing . There is an income from gaming operation backing up the Owner Rights.
It was only December 11, 2019 when Crowd1 started its first gaming operation with 1 game provider and 1 country. And as of January 22, 2020, there were already 4 game providers over 10 countries!
Whatever will be the decision of Norway Board, it can not stop Crowd1 from its worldwide operation. Crowd1 will continously exist in Norway because membership registration and beneffit distribution are all made online.
Norway cannot stop it unless it will stop internet in that country. The only way Norway can do against Crowd1 is to prohibit public recruitment and assembly, and as well as to prohibit gaming operators to affiliate with Crowd1.
And as well as to discourage people in Norway to join Crowd1 by declaring this company as illegal.
And note that in the recently concluded Grand Event of Crowd1 in Manila, Philippines last January 25, 2020, some leaders from Norway came to attend and received their recognition awards.
This only mean one thing, CONTINOUS BUILDING OF CROWD1 MEMBERSHIP CANNOT BE STOPPED IN NORWAY.
What may be considered illegal in Norway may not be illegal in many other countries.. so, Crowd1 is unstoppable!
Speaking from firsthand experience (I covered each investigation here on BehindMLM), the three companies you named operated as pyramid schemes in Norway.
They’re just as illegal elsewhere in the world but regulation is reactionary.
Crowd1 isn’t under investigation for being a networking company. It’s under investigation for being an “illegal pyramid scheme”.
Correct. However Crowd1’s business model confirms it is indeed a scam.
False.
Crowd1 offers a passive investment opportunity. Crowd1 is not registered to issue securities in Norway (or anywhere else).
Fact: Crowd1 is committing securities fraud.
False. Crowd1’s business model is not a secret.
None of that has anything to do with Crowd1 offering a passive investment opportunity (security), which to offer legally requires it to be registered with financial regulators.
This has nothing to do with Crowd1 offering a passive investment opportunity (security), which to offer legally requires it to be registered with financial regulators.
All the Gaming Board has to do is go after top Norwegian promoters. Same as any other country.
See you when Crowd1 inevitably collapses and sorry for your loss.
Shouldn’t be too much longer. Alexa has flatlined which means recruitment in South Africa has stalled.
Crowd 1 is the best. I was present in Durban I.C.C Crowd1 event on the 22 February. All the Crowd 1 CEOs and the Founder were present and delivering all the future plans live in front of 8500 Crowd 1 members.
The Durban I.C.C hall s last biggest record in it’s history was 4500 and guess what? Crowd 1 broke that record by double (8500) fans!! What a Wooooow!!
This tells u one thing. Crowd 1 is amazing! Crowd 1 is paying Bigtime. If u can’t beat them just join them.
These owners rights are so cheap at present but in the next 2-3 years they will be worth thousands of dollars if not millions.
Crowd 1 has allready created thousands of millionaires within a short space of time. Members are buying cars left right and centre.
Members are over 2million as I am writing this testimony. I highly recommend Crowd 1 if u wanna make serious money.
#8 is a great example of Ponzi kool-aid.
can u plss give me some information about affilgo and miggster?
Affilgo is a front for the Crowd1 Ponzi scheme. I have no idea what Miggster is.
We finally have proof that the well known Norwegian scamster Tor Anders Petteroe is behind the company. He has an official role in the new Spanish company.
Maybe more shocking for some people is the fact that Johan Stael von Holstein who was the Crowd1 rockstar have resigned from the company on March 17… So its not long before this story ends.
The scamsters walk away with millions, again.
Spanish company register: librebor.me/borme/anuncio/2020/121445/
All of you saying that it’s a scam; If it’s true, then why is it authorized by Apple and Google Play?
All those who are negative about this, (Ozedit: spam removed)
Crowd1’s business model has never been authorized by Apple and Google Play.
Irrespective of what Apple and Google Play do or don’t authorize, Crowd1 is a Ponzi scheme because it recycles investor funds to pay returns.
Legitimacy via association isn’t a thing. Try harder scammers.
Maybe more shocking for some people is the fact that Johan Stael von Holstein who was the Crowd1 rockstar have resigned from the company on March 17…
So its not long before this story ends. why was he then 1 of the speakers Sat in the Epic Lotto?
What’s the source on the March resignation?
Holstein was speaking on behalf of Crowd1 earlier this month – https://behindmlm.com/companies/crowd1-withdrawal-delays-ceo-sets-up-covid-19-exit-scam/
Yes world, classified as the 4th industrial revolution.
Crowd 1 has bench marked that position with flying colours. Securities fraud is when the provider has no product/securities, law breaking regulations and no legit third-party affiliations.
Crowd 1 has one of the above mentioned criteria in place already, as for the other two time will prove. It’s the third party affiliations. THAT’S THE CREAM OF THE CROP!
No payments will be legit without the consented approval from the third parties, and guess what. More than one third party has approved!
For all who seek scams with the intent to slander without having an account to prove it are simply playing marbles, whilst we are in it for the marvel’s.
This is word 4rom South Africa and we can smell the scent of corruption a block away.
CROWD 1 IS THE FUTURE WITH A GLOBAL FOOTPRINT.
Even if gambling is not for every country, Crowd 1 will reach the non-gambling countries through other product lines in the COMING!!!
Have a prosperous marketing & claiming’s season with CROWD 1 AFFILIATIONS.
False. Securities fraud is offering a passive investment opportunity without registering said opportunity with financial regulators.
Crowd1 has not registered its securities offering with any financial regulator and thus operates illegally the world over.
Stop making excuses for scammers.
Correct you are. Their conduct doesn’t fall under securities fraud and especially in my country. The reason for my specifying those 3 factors is, in order to offer securities exchange you must have those 3 factors in place.
The registration part well, there are more than one financial regulators in a country and not all will be applicable.
The gambling one is the biggest in a lot of countries such as thee USA. Just because your country has strict rules regarding gambling doesn’t mean that it’s a scam.
Some countries are rooted in deep fears when coming to profit sharing schemes.
No, it does. As evidenced by your waffle about exchanges, gambling and “deep fears” of scams you clearly have no idea when it comes to securities law.
You’re welcome to disclose your country and it’ll take me all of two seconds to provide you with your securities regulator.
South Africa.
Securities in South Africa are regulated by the FSCA.
Crowd1 is not registered as a financial services provider with the FSCA and operates illegally.
As I stated earlier. According to how the authorities do their criteria analysis, if Crowd 1 is found to be in the wrong due to complaints then the authorities will deem it illegal.
I love Crowd 1 because it clearly states that they are NOT an investment but a profit sharing network. Of which operates like an investment vehicle but is a position acquisition company.
They know very well that they will be dealing in big figures so, instead of being overly taxed, they’d rather share it to needy people in this uneven population ratio.
The biggest concern I see here is that, it uses a recruit another mechanism which is of a pyramid formation.
Give the company a ton of slack, they are new and intending to brake boundaries like crypto has.
That’s not how securities regulation works.
That’s also not how securities regulation works.
I’m going to end this conversation now because it’s painfully evident I’m conversing with someone talking out of their ass.
@NoGoodLuv:
You have clearly missed some memos, Crowd1 ditched the pretense of making money from gambling a few months ago.
The problem is that that leaves them with nothing from which they can pretend to generate a return on investment. Beyond supposed “training packages” for people who join, to train them to recruit more people into joining and buying training packages.
Even the current figurehead CEO, serial business failure Johan Staël von Holstein (the man has an incredible 100% record: every single company he’s ever been in charge of has failed) admits this:
(news.trijo.co/en/news/major-network-marketing-company-crowd1-accused-of-being-a-pyramid-scheme/, April 17 2020).
So he actually freely admits that Crowd1 is currently only pretending to be a selling platform, with no products to sell. It keeps recruiting people on the basis of vague promises of unspecified products becoming available at some unspecified time in the future, which the people who signed up will then have to start selling.
What kind of products, who the target market will be, in what countries, whether the products will be any good, or competitive against existing ones, all that doesn’t matter.
You’ll just have to start selling whatever the management of Crowd1 throws your way — if they ever do come up with something before the recruitment pyramid collapses.
Of course, it’s possible you’re not interested in selling any products at all, and think you’re going to make loads of money in that pyramid.
Yo Oz.
Try this link out, just for research sake
(Ozedit: recruitment spam removed)
Really? You’re gonna come up in here and post your Crowd1 affiliate link recruitment spam?
Kindly fuck off.
Just want to inform. Crowd1 is not an investment company rather it’s a marketing affiliate company. If you think and analyze it well, the platform and idea is great, creating a salesforce which is the members to use the products.
Using the product will create revenues which will then be divided to crowd1 and it’s partners.
If you ask me, it really has a potential and a good one, combining the idea of network and e-commerce, just like amazon with network marketing.
You can call it what you want. I invest in Crowd1 and receive a return. That’s an offered passive investment, making Crowd1 an “investment company”.
Feel free to provide legally required audited financial reports proving Crowd1 has any source of revenue other than new investment.
Attaching an MLM comp plan to a passive investment opportunity doesn’t make it not a passive investment opportunity.
@Mindblown, one question, you mention a product. What is the product? That would put all the pyramid scam questions to rest.
What is the product that you are selling? If i pay Crowd1, what is the product i get for my payment?
I would also like to know what do i get in these “education packages”?
I am also from South Africa and i guess our government’s involvment in coruption etc. has spilled over to the rest of the population as i have had more than 5 friends asking me to join them in Crowd1 and was called dumb, stupid etc. because im questioning all the things they state as “facts” about this company.
And they cant seem to give me any prove other than rediculous vidoes promoting the said company (something anyone with a bit of edditing skills can make themselves).
But as the Afrikaans saying goes “As dit pap reen dan moet jy Skep” (grab every opportunity with both hands) and with all our political bullshit you cant blame them, but i cant seem to burry my head under the sand and be part of this as its clear as day that its a pyramid scheme.
Ladies and gentlemen the fact is that Crowd1 is a fully registered company (head office in Madrid, Spain and another in Stockholm Sweden) and now operating in over 170 countries.
Their business model is new and will obviously confuse many people. My advice to anyone is to do due diligence and wait and see if it will deliver on its promises.
Judging by the fast growth in membership and partnerships the wait won’t be long.
For those who decide to believe in the vision of the founder and (still) CEO, let them take the risk. Why are you spending time and effort fighting to protect adults? Who made you the world’s sheriff?
a Ponzi scheme. That’s really all that matters here.
Ponzi schemes pay out as long as new victims get scammed. Herp derp.
Nobody is stopping anyone from signing up and losing money in Crowd1. We’re just calling the scam out for what it is.
For some reason that seems to make you butthurt. Good.
Crowd1 members who dreamed to receive a lot of money today as part of their dividend payments were very disappointed. Their eyes begin to open on this big scam.
The next few days will tell us more.