Alcacor Review: Crowd1 scammer launches own Dubai Ponzi
Alcacor operates in the cryptocurrency MLM niche. Heading up Alcacor is Director Magnus Larsson.
Larsson is a former promoter of the Crowd1 Ponzi scheme.
Crowd1 was launched by Swedish national Jonas Werner in 2019. The Ponzi scheme has pitched passive returns through numerous ruses over the years.
Crowd1 spent most of 2022 coming up with excuses for not paying investors. Last month we learned authorities raided what was left of Crowd1’s Swedish operations in November 2022.
Magnus Larsson joined Crowd1 early on and worked as an ambassador for the company.
After there was no more money left to steal, Larsson announced he was leaving Crowd1 in September 2022.
Prior to Crowd1 Larsson was promoting Dan Andersson’s LeoCoin Ponzi scheme.
Joining Larsson is running Alcacor are former Crowd1 Ponzi promoters Christine Ye and Reto Moser.
Originally from Sweden, Larsson fled to Dubai at some point during his Ponzi career. Alcacor provides an address for Alcacor Networks FZCO in Dubai on its website.
Dubai is the MLM crime capital of the world.
BehindMLM’s guidelines for Dubai are:
- If someone lives in Dubai and approaches you about an MLM opportunity, they’re trying to scam you.
- If an MLM company is based out of or represents it has ties to Dubai, it’s a scam.
If you want to know specifically how this applies to Alcacor, read on for a full review.
Alcacor’s Products
Alcacor has no retailable products or services.
Affiliates are only able to market Alcacor affiliate membership itself.
Alcacor’s Compensation Plan
Alcacor affiliates purchase “Alca Points” with the cryptocurrency DAI. Alca Points (ALC) are a worthless outside of Alcacor.
- Onboard Pack – invest $88 DAI and receive 90 ALC
- Basic Pack – invest $188 DAI and receive 200 ALC
- Value Pack – invest $988 DAI and receive 1500 ALC
- Pioneer Pack – invest $2488 DAI and receive 4000 ALC
Alcacor affiliates use Alca Points to invest in Alcacor virtual shares.
Alcacor originally sold virtual shares to affiliates at a rate of 200 Alca Points per share. In February 2023 this was raised to 400 Alca Points per share.
There are nine ranks tied to total Alcacor share investment:
- Rat – invest in 1 Alcacor share
- Pig – invest in 5 Alcacor shares
- Snake – invest in 25 Alcacor shares
- Horse – invest in 50 Alcacor shares
- Rooster – invest in 75 Alcacor shares
- Rabbit – invest in 100 Alcacor shares
- Rare Monkey – invest in 200 Alcacor shares
- Legendary Tiger – invest in 400 Alcacor shares
- Mythic Dragon – invest in 800 Alcacor shares
These are different to affiliate ranks. Alcacor share ranks are tied to various cartoon NFTs.
Alcacor shares are tied to a profit pool, purportedly made up of Alcacor’s company-wide revenue. The more shares an Alcacor affiliate has invested in, the larger the passive return they receive.
The MLM side of Alcacor pays on recruitment of affiliate investors.
Sales Volume (BV)
Alcacor pays all MLM commissions and bonuses based on Business Volume (BV).
BV is calculated on each Alcor Points investment tier as follows:
- Onboard Pack – 70 BV
- Basic Pack – 150 BV
- Value Pack – 790 BV
- Pioneer Pack – 2000 BV
Alcacor Affiliate Ranks
There are nine affiliate ranks within Alcacor’s compensation plan.
Along with their respective qualification criteria, they are as follows:
- Starter – sign up as an Alcacor affiliate
- Starter Plus – generate an undisclosed amount of PV each month, recruit 2 affiliates and generate 500 in accumulated weaker binary team side volume
- Junior Affiliate – generate an undisclosed amount of PV each month, recruit 5 affiliates and generate 3000 in accumulated weaker binary team side volume
- Team Affiliate – generate an undisclosed amount of PV each month, recruit 8 affiliates and generate 10,000 in accumulated weaker binary team side volume
- Regional Builder – generate an undisclosed amount of PV each month, maintain 8 personally recruited affiliates and generate 5000 in monthly and 50,000 in accumulated weaker binary team side volume
- National Builder – generate an undisclosed amount of PV each month, recruit 10 affiliates and generate 25,000 in monthly and 250,000 in accumulated weaker binary team side volume
- Global Leader – generate an undisclosed amount of PV each month, recruit 15 affiliates and generate 50,000 in monthly and 1,000,000 in accumulated weaker binary team side volume
- Royal Leader – generate an undisclosed amount of PV each month, recruit 20 affiliates and generate 100,000 in monthly and 2,500,000 in accumulated weaker binary team side volume
- Crown Leader – generate an undisclosed amount of PV each month, maintain 20 personally recruited affiliates and generate 150,000 in monthly and 5,000,000 in accumulated weaker binary team side volume
PV stands for “Personal Volume”. Although amounts aren’t disclosed, it’s assumed this will require Alcacor affiliates to pay a monthly fee.
Recruitment Commissions
Alcacor affiliates earn 10% of BV generated via personally recruited affiliate investment.
Residual Commissions (unilevel)
Alcacor pays residual unilevel commissions on generated BV down three levels of recruitment:
- level 1 (personally recruited affiliates) – 5%
- level 2 – 3%
- level 3 – 2%
Residual Commissions (binary)
A binary compensation structure places an affiliate at the top of a binary team, split into two sides (left and right):
The first level of the binary team houses two positions. The second level of the binary team is generated by splitting these first two positions into another two positions each (4 positions).
Subsequent levels of the binary team are generated as required, with each new level housing twice as many positions as the previous level.
Positions in the binary team are filled via direct and indirect recruitment of affiliates. Note there is no limit to how deep a binary team can grow.
At the end of each week Alcacor tallies up new BV investment volume on both sides of the binary team.
Affiliates are paid 10% of new BV on their weaker binary team side.
Note that residual binary commissions are capped weekly based on rank:
- Starter affiliates don’t earn residual binary commissions
- Starter Plus affiliates can earn up to $200 a week
- Junior Affiliates can earn up to $800 a week
- Team Affiliates can earn up to $1500 a week
- Regional Builders can earn up to $2500 a week
- National Builders can earn up to $5000 a week
- Global Leaders can earn up to $10,000 a week
- Royal Leaders can earn up to $15,000 a week
- Crown Leaders can earn up to $20,000 a week
Transactional Pool
Alcacor takes 2% of company-wide revenue and shares it with affiliates who’ve invested at the Pioneer Pack tier.
Monthly Residual Pool
Alcacor takes 9% of monthly company-wide BV and places it into five smaller Monthly Residual Pools.
These pools correspond with Regional Builder and higher ranks:
- Regional Builders receive a share in 12% of the Monthly Residual Pool
- National Builders receive a share in 22% of the Monthly Residual Pool
- Global Leaders receive a share in 22% of the Monthly Residual Pool
- Royal Leaders receive a share in 22% of the Monthly Residual Pool
- Crown Leaders receive a share in 22% of the Monthly Residual Pool
Joining Alcacor
Alcacor affiliate membership costs between $88 to $2488:
- Onboard Pack – $88
- Basic Pack – $188
- Value Pack – $988
- Pioneer Pack – $2488
Alcacor solicits investment in the cryptocurrency DAI ($1 = 1 DAI).
Alcacor Conclusion
Crowd1’s original premise was “owner rights virtual shares“.
Magnus Larssen has essentially copied that ruse, but with cartoon NFTs.
Over the years Crowd1 transitioned from virtual shares to gambling, then apps, then supplements, then crypto gaming, then shares in a UK shell company and finally, the metaverse.
Sometime later this year Crowd1 plans to launch its own NFT scam…
…so it’s a bit hard to tell who’s stealing whose ideas at this point.
Or maybe not. This is from a paid spam piece on Ted Nuyten’s BusinessForHome, celebrating Larsson’s Crowd1 fraud;
With his passion for this industry, as well as for assisting other people to become successful too, it was clear that Magnus would be a force to be reckoned with.
His passion extends to the Metaverse, and it’s in this sphere that he sees Crowd1 take the lead as well. From crypto, NFTs and play-to-earn, Magnus sees the Crowd1 business model as being key to its success in this new frontier.
With PLANET IX, the crypto-based online game (and also Magnus’ favourite Crowd1 product), the newest release of Metaversy (where members can trade virtually in the Metaverse) and partner company Moon Birdie (the easy-to-use crypto education platform), Crowd1 is out in front.
That’s from May 2022, and it’s pretty easy to see just how closely Larsson has modeled Alcacor on Crowd1’s Ponzi model.
While the ruses might differ, Alcacor is promising affiliates a passive return on virtual shares to various ventures.
One ruse that doesn’t differ is “Alca World”, Alcacor’s spin on the already dead metaverse grift.
Not surprisingly, the only people who actually made money in Crowd1 are Jonas Werner, the executive scammers he worked with and promoters like Magnus Larsson.
Such to the extent new investment was recycled to pay out returns, that dried up pretty quick – reducing Crowd1 to mostly a pyramid scheme over the past few years (they did pay out peanut returns every now and then).
Alcacor is more of the same, but this time with Larsson and cronies Christine Ye and Reto Moser on top. ALC provides them with a convenient exit-scam when the time comes.
On the regulatory front we’ve got:
- Dubai, an automatic red flag
- virtual shares being sold in made up companies (possibly shell companies incorporated in Dubai)
- no evidence provided Alcacor has registered its virtual shares securities offering with financial regulators in jurisdictions it is soliciting investment in
- no verifiable source of external revenue beyond new investment in DAI
As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.
This will starve Alcacor of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.
