Crowd1 exit-scams Sweden through bankruptcy
Crowd1 has exit-scammed Sweden through a good old fashioned bankruptcy.
As reported by SvD in a paywalled June 12th article, Crowd1’s Swedish shell company, Impact Crowd Technology Scandinavian AB, filed for bankruptcy on Friday, June 9th.
“As a representative of Impact Crowd Technology Scandinavian AB, it is hereby requested that the district court place the company in bankruptcy, as the company is in insolvency which is not temporary,” the brief document states.
The bankruptcy was decided by the district court on the same day, which is a standard procedure when the application comes from the company.
Of course this is all just theater to wrap up any corporate loose ends. Crowd1 operates out of Dubai and money stolen through the Ponzi scheme will have been laundered offshore already.
Nonetheless, Crowd1’s Swedish bankruptcy exit-scam follows raids on their offices last November. Swedish authorities have belatedly opened an investigation into Crowd1, but nothing has come of it yet.
“A suspected pyramid scheme is certainly at the bottom of our investigation, but our criminal investigation is about whether (Crowd1’s) routing of money in and out of Sweden was (a) criminal (act)”, said chamber prosecutor Carl Asterius earlier to SvD.
Although I’m not intimately familiar with Swedish law, I’d assume laundering money stolen through a Ponzi scheme is in fact illegal.
Crowd1 is run by Jonas Werner. A Swedish national, Werner fled to Dubai as Crowd1 grew.
In addition to announcing a native Crowd1 NFT shitcoin grift (which hasn’t launched yet)…
…Crowd1 is currently pushing a new “Emperor Knights” pLaY tO eArN grift:
This isn’t Crowd1’s first foray into grifting through video games. Back in 2021 Crowd1 launched Planet IX, a crappy mobile game that ultimately went nowhere.
Crowd1 has locked down its official FaceBook page so unfortunately we’re unable to provide input from its victims.
As of May 2023, Crowd1’s website traffic is holding steady at about one million visits a month.
SimilarWeb tracks top sources of Crowd1 website traffic as Russia (27%), Sweden (14%), Ukraine (10%), the Philippines (7%) and Germany (6%).
Declaring Bankruptcy in order not to Pay Taxes after Robbing the people..
you can not make this up!
They haven’t said anything on their Twitter feed. Maybe they fired whoever had the job of keeping it up to date.
Now we understand why top leaders have gone silent in the last 3 months, no more promotion online no more zoom calls, they fear for the local tax authorities in Sweden and other European countries.
They want keep their earnings in Dubai on their bank accounts over there.
Most of them already got visas and Appartments in Dubai as an exit plan. We wonder what is the exit plan of founder Jonas.
You can bet that the leaders have quietly moved on to the next scam which would have collapsed by now.
I know for certain that one of the top Crowd 1 shills, from the BBC doc, has moved on to Xifra , which has since collapsed.
I know this because one of his downlines tried to get me to buy in about two years ago. Not sure what he may be doing now, but that is the last I heard about that top leader.
Perhaps the PlatinWorld recruitment drive happening right now in SA? Cant say for sure but everyone seems to be jumping onto the GSPartners rebrand too.
Clown CEO Martin Bylsma from Crowd1 makes a super bad impression in this update:
youtu.be/uu4fPm6z7vo
Mr Martin chased away all original top producing leaders And is now CEO of a very complicated C1 prg.
Their business is declining fast and even help of Bullshitfrom home Mr Ted is not saving them.
This guy has no place in mlm, he is a parasite and momentum killer.
Crowd1 went through multiple collapses before Werner brought Bylsma on as the latest fall guy.
Scammers move on when a Ponzi collapses. Bylsma is complicit in the overall fraud but scapegoating him for everything isn’t accurate.
Martin was in 2017 working with the 1st onecoin ceo Nigel Allen, in the poweron mlm.
It was Kenny nordlund who brought martin to c1 as the Compliance manager closing down tens of thousands accounts and keeping the money.
Martin is the C1 butcher before being a fake CEO.
The money in the accounts never existed. All that was done was reducing ROI liabilities as Crowd1 didn’t have the money to pay out.
Crowd1 is a Ponzi scheme. Money was stolen the moment it was invested.
C1 did 50 million Euro in earnings in 2019 per month when BTC. was around 3000$, they stole thousands of BTC from leaders. Just on the rise x10 x20 of BTC they could have paid out people.
We will see in march 2025 when the Swedish prosecutor Starts to work with the evidence of the whistleblowers.
There is since Dec 2024 an extradition treaty with Dubai.
My guy, Crowd1 was a Ponzi scheme. The sole purpose of Ponzi schemes is to steal money. Mission accomplished.
Put the kool-aid cup down. The price of BTC doesn’t matter.
Dear Mr oz, c1 was rotating two dozen of BTC wallets Using coinpayments .net, the leaders could follow On the blockchain exactly the daily turn over of the Company until 2021, after that they where using The ewallet mixer to make a smoke screen.
Ex CEO Johan Westerndahl was on the watch at that moment He resigned with a golden handshake but still will Held responsible for the losses of the people.