Crowd1 Review: “Owner rights” virtual shares investment fraud
Crowd1 provides no information on their website about who owns or runs the business.
Crowd1’s website domain (“crowd1.com”) was first registered back in 2007. The domain registration was last updated in October 2018.
Stelios Piskopianos of Crowd1 Network Europe Ltd is listed as the owner, through an address in Cyprus.
Cyprus is a scam-friendly jurisdiction with little to no MLM regulation.
According to his LinkedIn profile, Stelios Piskopianos has a financial services background.
A commercially aware, hands-on Senior Finance Professional with considerable experience of financial and business control across a broad spectrum including strong IT skills and extensive knowledge of computerised information systems.
Piskopianos (right) is currently Finance Director of AOS Fluency Limited (“business process outsourcing”) and Northfield Petroleum Limited (private equity investment firm).
Curiously, Crowd1 does not appear on Piskopianos’ LinkedIn profile.
Whether Piskopianos is working alone or with others to run Crowd1 is unclear.
Update 23rd March 2020 – Stelios Piskopianos appears to be a fall guy. Crowd1’s Spanish shell company records reveal Jonas Erik Werner is running the company from Sweden. /end update
Read on for a full review of the Crowd1 MLM opportunity.
Crowd1 has no retailable products or services, with affiliates only able to market Crowd1 affiliate membership itself.
Crowd1’s Compensation Plan
Crowd1 affiliates invest funds on the promise of advertised returns.
Crowd1 tracks and pays out returns through “owner rights” shares.
- White – invest €99 EUR and receive €100 EUR worth of owner rights shares
- Black – invest €299 EUR and receive €300 EUR worth of owner rights shares
- Gold – invest €799 EUR and receive €1000 EUR worth of owner rights shares
- Titanium – invest €2499 EUR and receive €3500 EUR worth of owner rights shares
Crowd1 pays residual commissions via a binary compensation structure.
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.
Residual commissions are paid based on investment volume generated on both sides of the binary team.
Investment volume is tracked via points, which correspond with Crowd1’s investment tiers as follows:
- White – 90 points
- Black – 270 points
- Gold – 720 points
- Titanium – 2250 points
Crowd1 calculates residual commission using what they call a “1/3 balance” ratio.
A 1/3 balance ratio sees residual commissions paid out on investment volume generated on the weaker side of the binary team.
This volume is matched in triple against the stronger binary team side (assuming matching volume is available).
Once payable volume is tallied up, affiliates receive 10% of the total volume amount.
E.g. a recruited affiliate signs up at the White tier and is placed on your weaker binary team side.
This generates 90 points on the weaker binary team side, which is matched with 270 points from the stronger binary team side.
This calculates to 360 points in total.
A 10% residual is calculates on this point total, coming to €36 EUR.
Note that if 270 points doesn’t exist on the stronger binary team side, the system will try to match either double or an equal amount of points from the stronger binary team side.
If there isn’t enough to match the weaker binary team side, only 10% on the weaker binary team side points is paid out.
Crowd1 pays a Matching Bonus on residual commissions earned by downline affiliates.
The Matching Bonus is paid out via a unilevel compensation structure.
A unilevel compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them (level 1):
If any level 1 affiliates recruit new affiliates, they are placed on level 2 of the original affiliate’s unilevel team.
If any level 2 affiliates recruit new affiliates, they are placed on level 3 and so on and so forth down a theoretical infinite number of levels.
Crowd1 caps payable Matching Bonus unilevel team levels at five.
How many levels a Crowd1 affiliate earns the Matching Bonus on is determined by an affiliate’s personal recruitment efforts:
- invest at the White tier and recruit four investors = a 10% match on level 1 (personally recruited affiliates)
- invest at the Black tier and recruit eight investors = a 10% match on levels 1 and 2
- recruit twelve investors = a 10% match on levels 1 to 3
- invest at the Gold tier and recruit sixteen investors = a 10% match on levels 1 to 4
- invest at the Titanium tier and recruit twenty investors = a 10% match on levels 1 to 5
The Streamline Bonus appears to be a way to increase owner rights share returns.
Crowd1 tracks the Streamline Bonus via company-wide recruitment. You sign up and everyone who joins after you falls in your Streamline Bonus.
There are “streamline levels” that correspond with how much a Crowd1 affiliate has invested:
- White tier affiliates receive three Streamline levels
- Black tier affiliates receive eight Streamline levels
- Gold tier affiliates receive twelve Streamline levels
- Titanium tier affiliates receive fifteen Streamline levels
Other than stating “all Streamline Bonus is payed out in exclusive limited Owner rights”, Crowd1 fails to explain how exactly the Streamline Bonus is paid out.
Fear of Loss Bonus
The Fear of Loss Bonus is a recruitment bonus, active during a newly recruited Crowd1 affiliate’s first fourteen days with the company.
During the Fear of Loss Bonus period, a Crowd1 affiliate earns
- €125 EUR per four White investment tier affiliates recruited
- €375 EUR per four Black investment tier affiliates recruited
- €1000 EUR per four Gold investment tier affiliates recruited
- €3000 EUR per four Titanium investment tier affiliates recruited
By convincing others to invest, Crowd1 affiliates can increase their share of company-wide gambling revenue.
The Gambling residual starts at 5% at the Team Leader rank (generate 500 points in weaker binary team volume), and increases to 10% for the Director (generate 500,000 points in weaker binary team volume) and higher ranks.
Crowd1 affiliate membership is tied to a €99 to €2499 EUR investment.
- White – €99 EUR
- Black – €299 EUR
- Gold – €799 EUR
- Titanium – €2499 EUR
Crowd1 presents an open-ended investment MLM opportunity (no formal ROI structure), with pyramid recruitment to drive new investment.
Supposedly, Crowd1 generates revenue through online gambling.
Currently the most profitable industry is the gaming industry.
Crowd1 shall introduce our customer base to this industry in a
way that will create substantial recurring revenue for Crowd1
members without being a gaming company and without
arranging any payments to a gaming company.
Although it claims to generate external revenue through gambling activities, Crowd1 maintains it ‘must not be mistaken for a gaming or gambling company.‘
The gambling revenue is purportedly generated through third-party providers, which Crowd1 solicits through their Affilgo platform.
The Crowd1 customer base is then introduced to external partners through Affilgo, in the form of licensed gaming companies, where agreements are made for profit sharing.
As above, Crowd1 == Affilgo.
Naturally no information about any of the supposed gaming partners Crowd1 has is provided.
Yet despite that, the company simultaneously touts accumulated returns of 450%.
If we pull Crowd1’s business model apart, it quickly becomes apparent its a regulatory minefield on multiple fronts.
Gaming is strictly regulated the world over. Hence Crowd1 being shady about who their providers are, and clarification that they themselves don’t offer gambling services.
This is a regulatory concern in and of itself. With respect to the Crowd1’s MLM opportunity, the more pressing concern is the passive investment opportunity offered through “owner rights” shares.
The earlier you join during prelaunch, the more beneficial the Owner Rights program will be for you, as the Owner Rights will steadily increase in value.
All pioneers and members will be able to get a very good return on their Owner Rights since the user base will increase massively.
Crowd1’s owner rights investment opportunity is a securities offering, which requires registration with financial regulators.
Crowd1 provides no evidence it has registered with any financial regulator – namely in South Africa, the Netherlands and Colombia, which Alexa currently pegs as top sources of traffic to Crowd1’s website.
Having not registered with financial regulators, Crowd1 is thus operating illegally in every country it solicits investment in.
The only reason an MLM company would opt to operate illegally, is if it isn’t doing what it says it is.
In the case of Crowd1, that would be using external gaming revenue to pay out owner rights shares returns.
As it stands the only verifiable source of revenue entering Crowd1 is new investment.
Supporting the fact that Crowd1 has in fact no external revenue, is the 450% return claim weighed against the fact that Affilgo hasn’t even opened yet.
Using new investment to pay owner rights share returns to existing affiliates would make Crowd1 a Ponzi scheme.
On top of that you have recruitment commissions, adding a pyramid layer to the scheme (again illegal the world over).
As with all MLM Ponzi schemes, once affiliate recruitment slows down so too will new investment.
This will starve Crowd1 of return revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.
Hi some people say its this norwegian from Towah own this Mr. Tor Pettero and one swedish in Stokholm.
Wouldn’t surprise me. This one has Europe all over it.
Is this not a scam?
I’m not a financial expert but generally speaking investment fraud counts as a scam.
I really don’t care whether it a scam or not because i benefit a lots from crowd1 south african people are very very poorly so we will grabbing every opportunities (Ozedit: derails removed)
Thanks for being honest but don’t try to hide your scamming behind what the South African government is or isn’t.
You’re fine with stealing money from people who are doing very poorly because you are a morally bankrupt individual.
The least you can do for your victims is own your thievery.
Hi. May I know, after joining and recruiting two members, how and when am I going to be paid?
You’ll get paid when the two victims you’ve recruited hand over their money.
How? Who knows…
Can’t believe I been scammed. The ones who joined earlier have benefited a bit from it. Geez
To all fellow South Africans, this is how they make us eat each other in poverty.
Please learn to look past just your personal benefits in these types of schemes and think of the victims you recruit who will probably lead to ruined lives down the chain/pyramid.
I totaly understand that all this are not here to stay but I gerenally will beleive it when they open the South AFrican office in JHB on the 23rd this month.
and if its here to stay then lot will benefits from crowd1
Opening a bullshit office somewhere != “here to stay”.
A Ponzi scheme pays up for as long as new investors sign up. After that, kaboom.
Hi please get out of this scheme, it is not necessarily a scam but it is a pyramid.
No pyramid has ever lasted, they always fold – you will loose your money if you stay and you dont know when it will fold, not even the people at the top know that often.
Do people still get paid?
I’m sure they will, until new investment runs out.
My downliner bought white package problem he cannot login as for my manager is assist were not receiving emails while trying to change the password. please assist ive run out off a options.
Honestly there has to be a certainty guaranteed to investors or people who took the steps to join that they will get paid.
cause all in all crowd1 has to be a good story to tell not to make one to question him/herself.
Please assist how? You and your “downliner” invested in a Ponzi scheme and now your money is gone.
Sorry for your loss.
What are guarantees from scammers worth? They can give you any guarantee and you’ll then still lose money.
to people who have joined are there any changes since it was said that after affilgo launch your owners rights will be shares? or did affilgo launch yesterday?
I warned my mom to not get involved cos this Cloud1 thing just seems so off from the get go… She just wont listen.
This scheme is very shady guys, dont throw your money away for the hope of making a profit.
Stealing my money you will be cursed, for the rest of your lifes, here and in hell.
One of my tennents is so obsesed with this crowd 1 …i told her to stop depositing money in this scam but she didn’t listen she got angry ….
now lately shes so stressed and short tempered….i think she never get paid n lost a lot of cash.
So everybody here is talking abt hearsays…well I’m in crowd1 nd thr is no money I’ve lost but I’m making money… recently started my own little business wth crowd1 money.
Affilgo has launched, office in jhb has been opened…what more do u want loool.
CROWD1 Office has been established in Sandton. Crowd1 will grow and become bigger than big. As a South African I will take my chances because I have less chances of employment and an unstable economy ahead of me!.
What makes Crowd1 different to a pyramid scheme is that you can only register once off. The system will still operate without recruiting because members can sell and buy Owner Rights.
R1800 is a small price to pay when you have years of unemployment behind you and not much of chance of getting employed.
Crowd1 at least provides a bit of hope, and I can guarantee you it will be around long enough for people to make their money back!
There’s nothing hearsay about Crowd1’s business model, which is securities fraud.
Your only defense of Crowd1’s securities fraud is you’ve made money. As far as regulation goes, whether you’ve personally stolen money from those who joined after you is neither here nor there.
Yeah this has nothing to do with Crowd1 being a pyramid scheme. Crowd1 is a pyramid scheme because 100% of commissions paid out are tied to recruitment (no retail).
It’ll be a lot to pay once Crowd1 inevitably collapses.
Ponzi meltdown or regulatory securities fraud warnings, take your pick.
Hi, I have a friend who is obsessed about crowd1, I like MLM and this doens’t look like a legit bussiness to me.
I told him about the owner and he says that the founder is Jonas Eric Werner who appears in the Facebook page and a lot of videos.
My friend doesn’t speak english and we don’t have this information in spanish. So what do you think is the structure here? The owner, the founder? Very strange.
Securities fraud is securities fraud, doesn’t matter who’s running the company.
It’s a money game, pure and simple. Only a matter of time before it is deemed ‘not in the public interest’ and is shut down.
Until this time, I’m sure there’ll be high numbers of promoters earning good cash, which drives the greedy.
As suggested earlier, it is not a pyramid scam – the uneducated use this term all too often – a pyramid scam is where a price of product is inflated under contract through the chain of command (ie upline / downline) where it changes hands for a different price – but be in no doubt, this scheme is simple and open for any half brained individual to appreciate it’s a scam.
That’s a product-based pyramid scheme. You can also have a pyramid scheme in MLM when nothing is marketed and sold to retail customers. This is the case in Crowd1.
How come they are on top of the game, when you doubt them thats when they bring up something legit. openned office in manila and given SEC Certificate… isnt that legality enough already… next year they are openning offices in Malaga and London….
i have not joined but i still need more info on them so that i make informed decision. if at all im gonna get conviced to join them.
Nope. The Philippines isn’t even a top source of traffic for Crowd1’s website. That and it still means Crowd1 is illegal everywhere else (South Africa makes up just half of traffic to Crowd1’s website).
I can’t verify Crowd1 is even registered with the Philippines SEC at the moment because the search function is down.
By all means check to see if Crowd1 is registered to offer securities in your country.
All of you who are telling Crowd1 is a scam are sick. What do you have for us on offer while making noise to us about making a decision to join Crowd1.
“Blah blah Crowd1 is a Scam” yow chill & Shut da f*** up please.
Absolutely nothing. The world doesn’t owe you anything chief.
On a personal level nobody cares if you sign up and lose your money in Crowd1.
We’ll still be here when you pretend you didn’t know it was a scam but.
if you are not into it dont talk about it, do not try make people to hate what you hate. mind your business OZ.
I don’t know if hate is the right word when it comes to calling out scams.
Crowd1 is investment fraud. If calling it out makes your attempts at scamming others that much harder so be it.
I honestly couldn’t give a shit.
I seriously doubt the company has obtained a securities license in any country, and since they are promoting an investment, return on investment, shares, etc., without a securities license they would be violating securities laws in every country around the world with such laws in place.
Even if the company did have a securities license for a particular country, every person promoting the opportunity would be also need a securities license, just as a stockbroker needs one, and there’s no way that’s happening…
This is a blatant, illegal poniz/pyramid scheme that also happens to violate securities laws, making it doubling dangerous for those uninformed, misinformed, and misguided individuals who join, especially those in Africa.
The penalties for violating securities laws, as well as anti-pyramiding statutes, are severe, with Kenya, for example, hitting you with a jail term of several years and fine of $5,000 USD or more for first time securities violations, and a 10 year prison term and $100,000 USD fine for violating anti-pyramiding statutes…
It’s amusing, yet sad at the same time, to see some of the rationalizations that people in Africa use as their justification for joining and promoting such an obvious, illegal business opportunity.
Apparently they didn’t learn any lessons from the TelexFree and Zeek Rewards debacles and other similar programs that promoted investments and returns on investment…smdh (shaking my damn head)
SHAME …..you only make money by recruiting 4 people …..what kind of investment its this game the called dog eat dog ….. the guy came with this crowd1 hes mastermind …
just do calculation EUR99 PER PERSON TIMES BY 4 =EUR396 as you recruited them you get back ur EUR99.
what about those people they cant managed to recruit meaning you rob ur friends money or ur family YOU GONNA BE IN SHIT MY FRIENDS STAY AWAY FROM THIS SCAM.
scam scam scam until you loose ur last cents
We getting paid daily office is open affilgo has launched its running games n gambling.
guys fear of risk got u were u are today just man up get rich or die trying in trying u will lose it doesn’t mean u should not try again.
I understand Oz has been scammed too bad but the truth is crowd1 is here to stay n it’s making millionaire.
Whether you’re stealing money or not has no bearing on Crowd1 committing securities fraud.
If you have to make excuses up, you’ve already lost. See you when Crowd1 collapses.
Crowd1 has no clear education as they say they have an education package. I joined because they promised to pay us in December but it’s December now we have not been paid and there is no explanation.
They are taking an advantage of poor and vulnerable people.They are mostly in third world countries not prominent in these other rich countries.
I am in it but have a big question mark because they keep asking us to upgrade which means paying more money.
We need a clear explanation.
MLM + education package = scam.
Go look up securities fraud. You’re not getting paid because Crowd1 stole your money.
No new money = no payouts. You can work out what that business model is.
(Ozedit: derails removed) all the people you have convinced that Crowd1 is a scam, have now missed out their opportunity for joining soon one of the worlds most attractive Crowds.
Ponzi scheme or not? Jonas Eric Werner is right now creating the worlds number 2 affilate network after facebook. Every gambling or gaming companys in the world will pay billions for access to lets say 100.000.000 users.
I think that in the future you will not only see gaming or gambling platforms, but also commercials and other affiliate platforms. Commercials on the Crowd1 backoffice site, will be worth billions because members check their backoffice account several times a day.
OZ you dont have any visions at all. Worst of all you share your stupidity with people who maybe we will miss a big opportunity.
^^ Was going to spambin but decided I’d share the laugh.
If you have to pluck figures out of thin air, you’ve already lost. Furthermore South Africa and a few countries in Europe are all that’s keeping Crowd1 afloat.
There’s no 100 million users to sell personal data of, and there won’t ever be.
In any event, legitimate gambling outfits aren’t going to touch securities fraud Ponzi schemes with a barge pole. They don’t want that kind of heat.
Crowd1 has entered the flatline traffic phase now (Alexa), which means it’s only downhill from here.
Crowd1 can’t pull enough revenue out of Jonas Werner’s ass to pay you all, so sorry for your loss in advance.
See you when it’s time to pretend you had no idea Crowd1 was a Ponzi scheme.
1. Do you know for real if Crowd1 has securities or not in South Africa? I read you are very obsessed with securities.
2. I just bought a very detailed Real Estate learning materials from crowd1…so my 99Euros is back on this product.
On top of that I got somehow lucky to have been told that I had some 100 Euros to withdraw. I withdrew it for real.
I told my friend about this school and he also has a good story to tell. Do you honestly have a problem with that?
1. I assume you mean are Crowd1 registered to offer securities in South Africa.
The answer is no – you can verify here: fsca.co.za/Fais/Search_FSP.htm
Crowd1 isn’t registered to offer securities anywhere in the world.
Attaching a product to securities fraud doesn’t make it any less securities fraud.
You stealing money from people who invest after you doesn’t justify securities fraud.
Nope, couldn’t care less about you or your friend’s personal involvement in fraud. Best of luck with the scamming.
Thanks OZ,you have just opened my eyes before I could make a stupid mistake of my life (God bless you).
Sorry for your… oh wait. Thanks for the support!
The first time I heard about this, it seemed that all that keeps it going is attracing new members, as in new members ensure the older members get paid.
In the years since, I have not been convinced otherwise. At least in the past 9 months or so other people online seem to be reaching the same conclusion I did, so thank you for that.
It’s such a shame that those who are the worst off are getting conned into being worse off once this blows.
In every business or work you need to perform to get paid, where on earth have you sat home doing nothing and get paid? Scam or no scam, one has to work to get paid.
If you are in crowd1 do not sit and expect to be paid, you need to work like any worker or businessman. Sit and eat nothing. Work, recruit and get paid.
Nothing good comes from laziness, even at work if you do not perform you get fired n get no pay, Even proposing a woman you need to work hard, sacrifice, spend money until you get her.
So where is the difference, Crowd1 is your business make it work by recruiting new members.
Recruiting people into fraudulent investment schemes isn’t work. It’s fraud.
Your dumbass argument is the equivalent of insisting robbing banks, murder, assault etc. are work and therefore not illegal.
Stop making excuses for scammers.
Pure pyramid scheme definition. And I would not call pyramid scheme business, but scam.
All businesses go down if not well managed, so where is the difference.
All workers get hired and get fired for crumpling down the production, All owners of companies can decide to squander all money and close down companies making a lot of innocent people to lose their benefits and jobs, this is how other businesses chose to be.
Even if crowd1 falls as you say, it will be just like any other mismanaged companies. Where is your problem?
And pyramidscams are doomed to fail upon inception.
Where does the monies that crowd1 pays out come from? do you have any source, becuse if its a company surly there is accounting reports and “fisical year reports”, becuse companies have thoses, scams dont.
What’s your point? Or you so ignorant or… what?
Pyramid schemes are not businesses but scams. Full point.
All pyramid schemes are doomed to fail (sooner or later). Participants as group are in collective loss, because there is no added value, only money shuffled between participants (and part of this money is taken away by scam organisers).
Business may fail if selected and/or managed poorly. But well managed and reasonable business is sustainable and can be here forever (think e.g. about farming). There is a sustainable profit tied to the value added by business workers.
If you still did not get it: recruiting is not a work producing the added value.
This is the difference.
Except with Crowd1, though. Just search on “Crowd1 passive income”, and you’ll find tons of links to Crowd1 affiliates promising investors a passive income. That in fact seems to be their main selling point. Unless I misunderstand that term completely, it means being paid while sitting at home doing nothing.
Crowd1 itself disagrees with you. They tout themselves as “the number 1 Best Passive Income Investment”.
But at least you’re refreshingly honest, admit that all that “passive income” guff is just marketing lies, and that’s it a pure pyramid scheme, with the only income coming from recruiting – until the pyramid inevitably collapses of course.
I’m crowd 1 member, there are empty promises about residual payout.
It was supposed to be in December, and it is postponed to February, now there is a special where you upgrade from white to gold.
I’m not sure if it will payout in February. Just like hedgefinity just vanished in a thin air with our money.it was promising heaven and earth just like crowd 1…. let me wait and see.
Crowd1 is a pure scam. Its sad people in Africa want get rich quick schemes by being lied to and promised owner rights they do not even understand or know.
I told my wife about this scam and she does not listen she is head deep in it.
Its quite sad its mostly the poor joining with their last pennies with hope of becoming millionaires as crowd1 promises to enrich their lives.
Hiya you all,
I’ve been really enjoying this ongoing conversation, some of you must rethink their purpose in life and be joining a group to convince.
Let me be clear, I respect everyone’s opinion but I was raised to learn before you join a conversation.
So I did.
If you look for transparency, you wił find it. Explanation on how to make money simple :fast cash flow but also long term… how it works even simpler, you can’t stop evolution of products.
Their partners, who are BTW very big wel known Names one is Codere headsponsor of Real Madrid for the last 7 yrs..!!! “Oz” you have an account please be so kind to provide the real info your not sharing.
And since you have been completely unreal and not honest, hear this: they have to work with all countries and uphold to their laws, as they are different everywhere.
They are real, have their shit together! it really works and because you have failed Doesn’t mean others wił do so to.
Even though you don’t like technology there is no stopping it.
(Ozedit: derails removed)
Hiding information do people have to go hunting for it is the opposite of transparency.
Money in, money out in returns. A simple Ponzi scheme is still a Ponzi scheme.
Legitimacy by association isn’t a thing. Who Crowd1 does or doesn’t partner with has no bearing on it being a Ponzi scheme.
Securities are regulated the same the world over. Either you’re registered in every jurisdiction you solicit investment in, or you’re operating illegally.
Crowd1 has no registered it’s passive investment opportunity with a single financial regulator.
I’ve shared what matters; a review of Crowd1’s business model, based on its compensation plan, which reveals it to be a securities fraud Ponzi scheme.
What “technology”? Crowd1 is a basic Ponzi scheme. It’ll stop when a regulator shuts it down or new investment runs dry.
BehindMLM is full of people crying about their Ponzi losses after the fact. They all go kaboom in the end.
Crowd1 owns Affilgo and AffilGO’s commission plan is unlike anything the i-Gaming industry has ever seen before with larger cash-backs and broader access to the most extensive entertainment industry.
How does it actually work? The company generously give back to all Crowd1 members.
If this was the case then Crowd1 would have no problem registering with financial regulators, and providing evidence to confirm use of external revenue to pay affiliate returns.
Instead it chooses to operate illegally in every country securities are regulated.
There’s a reason for that. It’s a Ponzi scheme.
South Africans always have negative comments. In this country there businesses operating illegally under the watchful eyes of the law. Let those researchers research how unemployment in this country will be eradicated.
I am answered by some who said no one is forcing anyone to join it’s a choice of an individual. All companies legit or not do close or retrench it will be no surprise if CROWD1 closes shop.
Let’s join to eradicate unemployment and poverty. You pay R1800 once off they recruit and earn money. Let us not be prophet of doom and end loosing out on an opportunity that could have generated income for some.
You’re not eradicating poverty by scamming South Africans through Ponzi schemes. If anything you’re contributing to it.
Honestly, the nonsense people have to come up with to justify stealing money…
what would anyone say about Johan Stael Von Holstein’s credibility in this regard of ponzi scum?
We fear sometimes, because as bit coin stall peoples money and disappeared, how are u prepared especially in Uganda Africa.
I’d say who is Johan Stael Von Holstein? (nuking in a few days if no answer provided)
Hi Oz Johan Stael Von Holstein is the face of crowd1 as we speak, apparently he is a CEO and I read in your report above here you mentioned a different name and different picture.
His profile is looking good What is your take on him.
Stelios Piskopianos is the owner of Crowd1 Network Europe Ltd and the company’s website domain.
This was when I wrote the review. Johan Stael Von Holstein was either in hiding or wasn’t on board yet.
My take is it doesn’t matter what his profile looks like, he’s running a Ponzi scheme.
Legitimacy via association isn’t a thing.
Crowd1 is a Ponzi schem as all of those we knew in the past. The only difference is that those others were paying 10% the tops (uplines) in cash but these are paying an air (electronic) money.
In same ways, with Novapago, they promised to pay cash since Feb 15th, 2020 but until today Feb 23, no any feedback.
Even if we expect the payments, they are not convincing. A Ponzi schem may pay even twice or more; but they will collapse at a point.
By definition, a Ponzi scheme is a form of fraud that lures investors and pays profits to earlier investors with funds from more recent investors.
This is all of Crowd1 is. At the end, the top will have money but those who will invest later will loose when the business will collapse.
This is starting to become a real wormhole. All management of WantageOne now is doing Crowd1.
After a complete failure, all jumped ship, starting with Udo Deppich & Kenny Nordlund, Björn Thomas, Hans Pasveer…. now they are probably merging the entire database of all members who lost money so they can lose some more.
Amazing to see how this progresses, this is the new One Coin scam, attracting all of the ponzi pimps from around the world, i will watch this play out, it will be just as ugly as one coin.
Ownerrighs = Air, and problems already started by management holding back payouts and convincing people to not sell. Because when sale starts it will poof everything.
Crowd1 have failed their chosen concept three times already, but good sales people manage to lure more fish to the hook and bait.
Be careful. I will stay here in Sweden and watch the office be raided.
I wonder when the might chicken Wahlroos will run , he talking crap again on FB.
People need to try anything to keep their families alive in a country that suffers from poverty. I think people from richer countries with better infrastructures speak to easily.
They don’t live among us to know the struggle. They don’t know that jobs in South Africa are as scares as rain in our own Kalahari desert.
They don’t know that you have to take what you can get to survive and keep your family secure and well and alive.
Yes maybe i made a R1850 mistake but at least i tried for my family so i can maybe give them a better life. And if i loose, that’s it i loose i will learn not to do it again.
JSvH was presented as CEO during the fall but when Norwegian media interviewed him in January, he backpedalled and claimed he was only brought in on consultancy basis. Crowd1’s Pitt Arens?
JSvH was a key player in the Swedish dot com boom. It all went bust but he got out well I guess.
Fellow South Africans.
This is a scam. From Sharemax to Miracle2000 to even a scheme in the 80’s where people were promised a reward for growing bacteria on milk powder?!
Let’s stop being so stupid. What is it that cuts across race and our backgrounds that makes us so gullible?
Here is a crash course in SA law:
1. Only banks, insurance companies and collective schemes are allowed to collect money. If they aren’t a deliberately unregulated stokvel for small amounts, stay away!
2. Anyone wanting your money, with the exception of people you trust in a stokvel, must be a registered Financial Services Provider with a number and license.
3. Wake the hell up
Please don’t try to justify Ponzi scamming with poverty. Absolutely shameless some of these Ponzi scammers.
Udo Deppisch seems to have indeed jumped to Crowd1 (instagram.com/p/B83LJOIAQT-/), but looks like Kari Wahlroos is still staying loayl to Wantage One: (facebook.com/KariWahlroosTheMightyEagle/videos/626907951465366/).
Not sure what happened, but Udo’s departure might be related to some problems in Wantage One that Kari vaguely refers to in the video above.
The Mightily Spun Eagle says that for the first time in company’s history, they made losses last week. Wantage One investors are clearly disappointed at something, and Kari admits that the implementation could be better.
I’d say that these are indications that Wantage One has collapsed.
Alexa shaws Wantage One has dropped from a ranking of 442,984 90 days ago to a rating of 994,579 today, leaving it sitting at 1,942,706 In global internet traffic and engagement over the past 90 days.
It has undergone an almost vertical drop in visitors over the past few weeks, so,
Deppisch off to Durban SA authorities need notifying.
I’ve just joined crowd 1 and I don’t see the reason to doubt since I’ve lost a lot of money gambling lotto and other so called legit marketing like selling products hoping to make it big only to be left wanting with no income.
When aligning yourself with this kind of business just be bold to risk cos it is a win loose situation. Go in with open mind and be wise to move.
I’ve lost thousands playing lottery so I’ll also take this as a game enjoy while still last.
Oz I’m not saying you wrong or right it your opinion. If you go to the deep for fish and you cash non its not your day. You have a choice, wash your nets ank badk in the sun or pray for a miracle second time around.
Everyone is at libarety to decide, I may get in and make millions or loose its my baby.
How about a woman who can’t pay madhonisa and loose her property isn’t cash loans scams. I’m going for it win or loose.
Your gambling addiction and shit marketing skills are not an excuse or justification for financial fraud.
A scam in which the majority of participants are mathematically guaranteed to lose money isn’t a game, it’s a scam.
I never gave any opinions. Crowd1 is a securities fraud Ponzi scheme. That is fact.
“How about” hypotheticals are not an excuse or justification for financial fraud.
Sorry for your loss.
That’s a really dumb ass logic!
I had to read each and every comment here, I laughed, and almost cried. Its so sad how low people are willing to go just to make money.
As we speak, I have a relative who now hates me but putting on a face, only just. Why? Because I refused to join these ponzi schemes that she’s busy peddling on FB. I am so sick of it!!!
Initially I had fallen for some of her schemes that looked legit and I lost money and I learned a lesson.
She kept coming for more, I refused. And I am writing reviews on my website to warn other people.
I could go on and on but let me stop here.
Bottom line, Crowd1 is a ponzi scheme. Good luck to the stubborn heads!!!
I truely cannot believe all the crap i just read from fellow south africans.
I now see why scammers like the country so much because its so easy to scam people here.
Too stubborn to listen and jump into cult like behaviour quickly. And the most important, GREED.
Ive voiced my opinion on crowd1 on various social media platforms and got attacked. People from crowd1 font want to told that they promoting a scam, a very clear scam.
Ive done thorough research on their leaders and founder, its safe to say that crowd1 is indeed being operated by experienced scammers.
They planned thing pyramid scheme very well, try to make every look legit, targeting africans (especially south africans) because they know my fellow south africans like quick money.
Our people never learn, south africans are always attracted by these scams, when will they learn? Thats why these scammers targeted south africa because they saw an opportunity to scam the poor.
Once recruitment slows down in south africa, it’ll be the end of crowd1, because thats where majority of crowd1 steals money from, and soon, I mean very Soon South africans will be wanting their money back.
I was alos looking around and checking this company. I found very clearly visible that they are really scammers. I cannot believe how people are able not to see that.
What is always important from where the “stated” money is company. Crowd1 mentioned on all forums, that :
You will earn money with your phone.
This is totally bullshit, as they have “no product”, what is generating money via, phone. They only solution is an application, which is simple an WEBITE converted to an PHONE, so peopel think thjat this is “generating” money? Omg…. how?
Secondly, I was also checking all the mentioned partners :
SBA, LTECH and PremierBET.
All this menioned partners, are not PARTNERS..On their website, is never mentioned the AFFILGO or the CROWD1 as cooperation partner.
I wrote to all of them, an inquery email, hope to get some feedback from them. If yes, I will post this here also.
Thirdly, I would like everyone to check ALEXA…
CROWD1 state, that they have worldwide 1.5 million members. How? If you look on the ALEXA stat, you will see only couple countries. The 2 million people cannot be… never…
I think, maximal 15.000 – 20.000 people are involved in this, but now I see also, an slowing down of the process.
Like in the previous mail mentioned, I’m also sure , that when the fog will disappear, people, also in outher countries will begin to want they money back.
Also, it’s an shame from the CEO, that he is participating in this. I was also looking all his videos, and was wondering how he do not recognize this, what big SCAM this is. I think, that was his last move on an business carreer.
Hope to avoid as much as possible people from this.
And here the official answer:
On Saturday, February 29, 2020 9:14 AM, SBA Customer Support wrote:
Yeah, what a surprise that the partnerships they are claiming to have don’t really exist. 😉
And in terms of MLM-Ponzi scamming script, I think gambling is not an ideal choice to begin with, because gambling is by definition a negative sum game.
No new economic value is created through gambling. (The opposite is more true — that gambling in fact destroys welfare because it too often leads to addiction that ruins lives.)
The gamblers’ money is just resuffled while “the house” takes a cut.
(Claiming to do arbitrage or AI bot trading, like many MLM-Ponzis claim to do, is much better scam script, because financial asset markets at least can be “positive sum games” and arbitrages do really exist.)
My understanding is that the return rate in online gambling platforms is usually somewhere around 95%.
It means that if 1 000 000 USDs are put in, “the house” will take a cut of 50 000 USD from that revenue, and resuffle the rest among the gamblers.
Affligo claims to be “profit sharing” 50% with various gambling platforms, so that would make 25 000 USD in Affligo “profits” if that million dollars was “invested” by the Crowd1 members.
Crowd1 further claims to divide that “profit” between Operational (20%), Owner Rights (40%) and Network (40%).
So the whole Crowd1 concept doesn’t make sense to me, even as a clear-as-day MLM-Ponzi.
@OZ, screenshot of what?
Your convo. You can remove any personal info (or leave it up to me if I decide to publish).
Here, the original email from SBA :
Thanks for that.
I’m waiting still for the answers of the other “BUSINESS PARTNERS”…. 🙂 When they arrive, I’ll post them also here.
Was thinking to share some important info to you all. As the CROWD1 – who want to change everything 🙂 – as they stated in they promotional video, uses as “income” GAMBLING sites. Sure, that could – I say could – sounds good idea, but as mentioned above, that this is really an stupid thing, as this should be also visible on the given site. As they promote this hard.
The idea is, that their massive client mass will go and begin to “play” to the connected sites. And from this sites the company is earning back.
With this the following problems are :
– First of all, if you look the mass of people who joined to the CROWD1 cloud, the age and type of people, are absolute not the “gamer” types. Okay, suerly, some could be, and then…
– The next problem is, if you try from the internal backoffice to go to the Affilgo site, and from their go to an “GAMBLING” site, which should be the MAIN INCOME (!!) for the whole system, you will be surprised!!!!
First of all, their is only 12 games possible, and the funny thing, that NONE OF THAT had any link to ANY SITE !!! you will see nice pictures, and explanations of the GAMES !!!
So, that means… NO GAMES… NO INCOME…. So, money only comes from the paying people….. We all know the names of THIS GAME !!!
I post here some internal pictures, what they use for advertising their NOTHING !!
I think, their promotional SENTENCE says also everythings…
IMPOSSIBLE IS NOTHING… sure, because this is NOTHING…
Sorry for the long story…
Most people who are joining this are not new to MLM they already know its a pyramid with makeup to look attractive and they know there is a point its going to fold but before it folds there is an opportunity to make money so as much as u want to convince people that its fraud or a scam they already know…
As long as u can recruit mothan 4 people u get much more than ur initial investment. so the brutal truth is if u are not ready to recruit dont join but if u can then join as long as it’s still paying you have more to gain than lose.
BehindMLM identified Crowd1 as a Ponzi scheme in our review. We aren’t trying to convince anyone anything. Facts are facts.
If desperate schmucks weren’t trying to convince people it wasn’t a Ponzi scheme there’d be no discussion here.
Ah to own up to scamming people seems to be the new way to justify a scam in progress.
I often wonder does this apply to your own family would they count in your tally of people you scam first?
Or in this case as long as it pays you it isn’t a scam!!
Most people that join don’t know its a scam – that is how people get duped into these in the first place.
Ponzi scammer logic never fails to amuse.
I have spoken with serveral not so happy Crowd1 members that have put in for withdraws via BTC, and have been waiting over 2 weeks.
They have emailed support and the reply was waitng time is 3 to 4 weeks and increasing because they have 2.5 million regaitered members.
Support suggested they cancel withdraws and purchase a voucher and sell it as that would be quicker.
So here we go Oh Oh, Those of us the have been around block a few times, usually knows what that means?
Crowd1’s current promotion is an absolute doozey, purchase a pack and they will upgrade to the next highest pack FREE, including all the extra binary points which they have to pay out on & owners rights which are supposed to earn a profit share, sometime in future years.
This means they are paying out on double to three times the points on half to three times less the amount money/BTC recieved, (ah actually they are not paying) plus all the double and triple Owners rights.
Maybe their product is actually big conventions, seminars and cruises and supporting local car dealers in South Africa?
Buying cars with your MLM earnings is the most batshit stupid thing anyone could do, such a waste of money. Nice showy display good for the company, bad for the individual. They need to put that MLM money to work, then go buy a car with those profits.
Lottery and gaming MLM? Practically banned everywhere but all the big time earners are pimping Owners rights like the have some sort of immunity agreements with the authorites.
These people need to see the New MOBE judgement demand promoters pay back $41 Million in illgotten earnings. Oh and the Zeek rewards Case and dozens of others where propmoters had to pay back all they stole.
Looking over everything, Crowd1 websites, back office, video’s zoom calls, news releases, they appear to be oblivious to being complaint and having said that i dont think they ever can be compliant with their gaming and entertainment business model they promote.
The payout on enrollements/recruitment, the product they are promoting is not even launched yet, Owners right are a regulated security, the vale of the business education is what got Mobe shut down. They entice people to join with FOMO bonus and the list goes on. Over half a dozen govenment authorities are raling against Crowd1.
Then there is the managements recent reply to BON saying,
It sounds like ET Go Home. Totally idiotic.
They cant be serious, (thats just a saying) as it seems they are serious.
The low level of regard for authorities is astounding. Like OZ said right at the start of this thread and i will embellish a little, its has Eurpeon aggorance wirtten all over it, as it appears all the European MLM under belly is pimping Crowd1 like no tomorrow.
Every Red Flag you could think of is fying full mast on this deal,
i dont give a flying frizzbee, what management are saying and what all their so called credentials are, expescailly, MR 3 Unicorn man Stock market bell ringer, Johan Staël von Holstein Manglevortonova.
The whole thing is a dogs breakfast, the likes i thought i would never see again after OneCoin & CloudToken, Cyrpto888, Nano Club, Ormeus, Sitetalk, Uniaco, OPN,
Recently, the SEC has sued the alleged operators of large-scale pyramid schemes for violating the federal securities laws through the guise of MLM programs.
When considering joining an MLM program, beware of these hallmarks of a pyramid scheme:
-Properly run MLM programs involve selling a genuine product or service to people who are not in the program.
-No demonstrated revenue from retail sales. Ask to see documents, such as financial statements audited by a certified public accountant (CPA), showing that the MLM company generates revenue from selling its products or services to people outside the program.
Udo carsten deppisch in this now , got out of wantage one because not enough to scam. left the mighty chicken Wahrloos on is own.
What a pair of lying , cheating , scum.
Oz this has been brought to my attention.
UPDATE 2nd April 2020: The new Crowd1 head office is located in Spain and Crowd1 has registered under a new name:
Impact Crowd Tecnhology SL.
Does this company feature for you elsewhere per chance?
Also GDPR now comes into play.
Crowd1 have admitted they cannot open in the USA due to allegations of breaking the Wire Act and to quote their own PR piece issued last week:
‘In USA apparently some old legislation against organized crime (Wire Act 1961) is preventing them from moving on due to a technicality’
I wasn’t aware the law was a technicality? :o)
Sounds like they’re playing the shell company bank account game.
They need to go further back. The Securities and Exchange Act dates back to 1933.
alright oz, i stuffed up and didnt read this article before handing my money over and joining..
i like MLM and was actively looking for one to join during lock-down. i didnt realize how obvious of a scam this was due to the owner right fraud. the owner right and all the bonuses did sound way to good to be true and that is why i joined.
my initial thought was, there’s no way someone or a group could be pulling off such a scam/ponzi at this level of professionalism and mass, even now im still finding it hard to completely believe as the company continues to grow and update daily on their website.
what seems to be an opportunity to be apart of the future could now be another meme once again for me. but lucky for me i havent told or sold Crowd1 to anyone nor do i plan to so i aint got shit to explain to people when or if it does collapse. ill just take my $100 lesson and move on.
now im this massive crowd1 group on facebook where i see new members getting recruited daily by their own family members… all they talk about is the fact that they now can earn their money back from recruiting ex amount of people and getting this and that bonus. NO ONE TALKS ABOUT THE EDUCATION PACK!! I BET NONE OF THEM EVEN READ OR CARE ABOUT IT..
such a shame because MLM is meant to be people passionate about the product or service not the compensation plan or bonuses.! I’VE BEEN SCAM!!
If i may give my humble opinion on that,
Lets say that this was a scam…
if you think someone feels scammed because he may or may have NOT lost 99 EUR… (Ozedit: snip, see below)
Crowd1 is a scam because of its business model. How much people lose in a scam is irrelevant in determining whether or not a company is a scam.
Even if it is a scam? Say I take the opportunity (99euro) , Pay it forward because you have to spend money to make money?!
My 4 people.. they sort of take the same approach and pay it forward to the next ? (Not all 4 maybe 1 and half’s w 1) after that 14 day cycle and “receive the bonuses”.
At 14 days can I withdraw the money? Than my 4 after their 14 day but the pay it forward system Just keeps going I guess but we’ve taken out our “investments” and haven’t lost out?
My theory was if it is a scam? Sweet then let’s make it a scam but with the intention of building it up together (close ones, your 4) GET IT, GET OFF, GET OUT? And whatever after will be?!
You’re shit at math.
Crowd1 is gaining momentum in Kenya. Guys have started to target the peri urban centers where they hope to find easy, gullible prey for their indecency.
What are they selling? Nobody has an idea. Where are their officesaround here or contacts? It gets more comical, that this is virtual, they answer by making comparisons with Amazon or Facebook or locally, Jumia. Guys with remote knowledge of how such companies operate admire their masters with awe.
Listen guys, basic things GIFTS.Greed, Indifference, Fear of loosing Out, The Jones theory, Sense of urgency, etc is the scammers cardinal approach.
They have satisfied all the above. Ruuuun.
Seems like this article is missed here in the discussion…
Now – Business for home is quite liberal when talking about MLM business – but now they have put down some really hard words…
“Is it Crowd1 legal and sustainable?
We believe Crowd1 CEO Johan Staël von Holstein is a fine entrepreneur, with a great vision, however we have our doubts if the opportunity is legal and sustainable. In the present form its a recruitment only opportunity, regulators in many jurisdictions do not like that at all…. We noticed in Namibia the opportunity is on 24 February 2020, banned by the Bank Of Namibia.”
Given the pay for comment nature of BusinessForHome and history of Ponzi promotion, I don’t take their reviews seriously.
Ted will take your money and put up a puff piece devoid of critical analysis.
Somtimes he’ll put something together worth reading in poor English. The rest of the time though it’s paid content and copy+paste press-releases.
At the latest when serial fraudsters like Udo Carsten Deppisch are involved, it is a rip-off and you will lose your money!
See OneCoin, The Crypto Group, Wantage One and many more in last time.
Im another Crowd1 Dummy! Signed up this week thinking i could learn to invest with a user friendly App to help me.. oh the trickery little fraudsters!
How dare they target auduence families through facebook group chat using zoom app…
Its all recorded on fb, no has digital invisible foot prints were stuffed at any moment once investigators, securities fraud are coming im scared now and its not my fault i was tricked so not fair for all of us that are not aware.
Im ashammed and now i need to notify the group im in and others, but will they listen? I need to tell my bank now far out!
Thank you for those willing to expose Crowd1 please keep going..
Check out Australia & New Zealand Crowd1 Facebook page groups this needs to stop ruining lives!!!
Depends how deep they’re into it. The scammers earning money on referrals most likely won’t.
You’ll probably find yourself removed from the groups you’re in too.
I am surprice that the Bank of Namibia, which is the reseve bank, has clearly stated that promoters will be fined as these actions are against the law of Namibia, but the people believe they will easy pay these fines as they earn so much money and the fines are peanuts.
Secondly the Namibia government did not prosecute the promoters there yet.
If all this money is coming from the gambling community, I will not gamble any more as I cannot afford millions of people sitting on their computers to become members and share the profit the gambling companies are making. I will have to fine another entertainment to relax.
It’s not – https://behindmlm.com/companies/crowd1-gambling-partner-claims-no-cooperation/
What if it collapses? And government steps in… will I as a member who earned a lot of money and spent it.. be forced to pay back all the money I earned? Can this happen?
It can happen, yes.
Given Crowd1 is active in third-world countries, retaliation from those you scammed is also a possibility.
Here is the latest information about the company.
Taxes are paid to Europe as it is headquartered in Barcelona, Spain.
Taxes schmaxes. The “latest” on Crowd1 is that it’s still illegally offering unregistered securities.
There’s a reason Crowd1 isn’t registered with the CNMV or any other financial regulator, it’s a Ponzi scheme.
Nobody pays taxes to “Europe”. If you mean that word as shorthand for European Union: the EU doesn’t have tax-raising powers.
A company based in Spain obviously is subject to Spanish taxation. Plus to whatever taxes in other countries its business activities in those countries make it subject to. It is up to the tax authorities to see that they comply with that.
That is not the problem. The problem is that Crowd1, or Impact Crowd Technology as it’s started calling itself, sells securities. That requires registration, in each country where they’re selling them.
Interesting “latest information” would be a list of all such registrations Crowd1/Impact Crowd Technology has newly acquired. Because according to all information available so far, it doesn’t have any.
We are 3 million member registered in crowd1 as of april 26 2020.
We still earning and all transaction was legal. Any problem ? Why peopel like U want to rurn down business?
Infact this online gambliing business.
Please take note this onlinr gaming , a digital its mean gamble. Do u understand?
Just that securities fraud and Ponzi schemes aren’t legal. Small problem when you’re a morally bankrupt scammers, I know.
Nope – https://behindmlm.com/companies/crowd1-gambling-partner-claims-no-cooperation/
I emailed the partnered companies myself yesterday and got an instant response that they ARE NOT AFFILIATED WITH Afilgo. I can forward those emails to anyone who wants to see.
But remember, if you’re an Affiliated Partner or Member with Crowd1, then you’ve signed up to Ts and Cs that state:
Basically, since you’ve signed their Ts and Cs, you can’t even check if they are BS’ing you.
And please, be careful, because, they can terminate your account at their discretion, at any time and without reason:
I have spent a fair amount of time just reading the Ts and Cs. It’s clear that Oz is doing you all a HUGE favour by showing you the truth behind this – and since it’s covered extensively, I’m going to add comments on Ts and Cs.
He’s absolutely right about everything. My only advice would be that if you’re outside your 14 day cool off period, please do not deposit any more money.
Accept what you’ve lost, but don’t lose anything more. Don’t recruit / entice any more people into this scheme as their losses will be on your conscience.
Read the Ts and Cs in FULL. If reading that doesn’t chill your blood, then you have a very high risk appetite. I’ll shortcut the 33 pages for you and tell you your rights: NONE.
1. You waive your right to sue (but you will have to sue Impact Global in Spain if you can afford it, and since Crowd1 sits in Cyprus, good luck with that if you have the ambition to go against the terms you willingly signed up to).
2. You waive your right to bring a claim of any kind (and their statute of limitations is 3 months! If you know how limitation periods work, then you know that you have a right in law (5 years in Spain), but also, from the time where you could reasonably have come to know of the issue).
3. You waive your right to refunds of any kind.
4. Your succession rights mean nothing – there is nothing to inherit (more specifically, your descendent mentioned in your will can continue holding the account and doing business but if they close, there is no refund, so yeah, they are prisoners without any payout)
5. If you close your account, you lose everything in your wallet.
6. They can close (at their sole discretion) or suspend (with a notice to your email) your account at any time. You can appeal, but their decision is final and there are no dispute resolution channels.
7. And the best one of all, my favourite is that you are nothing of them and in no way affiliated to them in any way. You are Independent. You’re not allowed to use their logo, talk about them, talk about potential revenue…nothing.
And if you do…you risk them suing you for copyright infringement, account suspension or termination. And of course, with that, you lose everything.
And please become a regulatory and taxation expert in the country in which you reside and/ operate…because this is on you too. It’s YOUR responsibility to make sure you absolutely comply with all rules.
If you haven’t read the fine print…please do so today: crowd1.com/static/documents/TERMS_CONDITIONS-Crowd1-V008-04.23.2020.pdf
The idea of a contract where one party signs away their right to take the other party to court if they don’t honour the terms of the contract is quite hilarious.
In fact, how can a document that one party can change entirely unilaterally, just by “posting on Company website” (p. 30), even be considered a contract?
But beyond all the other obvious illegality, there was this provision that caught my eye:
(p. 1), which they repeat at the end (p. 34) as:
This is a contract with Crowd Impact Technology SL, a Spanish company. All the legislation they’re subject to is in Spanish, any court case against them would be in Spanish. They even, quite unnecessarily, add that (p. 30):
Therefore, it would be entirely up to a Spanish court to decide whether or not T&Cs in English has any validity at all, or whether they can even be cited in court without being translated first.
It’s not something a company can unilaterally impose on a court. English doesn’t have any special legal status, and there is no requirement for any Spanish judge or any Spanish lawyer to know any English, AFAIK.
While there are no EU-wide rules about this, and some EU countries have no specific legal rules about languages used in contracts at all, there are a number of cases where website T&Cs only available in English have been ruled null and void by courts. And this document goes far beyond generic T&C stuff, this is a far-reaching business contract, 34 pages long.
Swindlers who have not yet paid dividends, they only promise to pay, but I do not do it …
This is another pyramid that simply collects our money and as soon as they lead us all by the nose.
I consider the case closed on CROWD1 and if you are still defending it your need to check your morals – businessinsider.co.za/namibia-bans-the-crowd1-as-having-no-product-other-than-new-members-2020-2
I made an account to confront and learn what they are trying to teach me what to do. All in all if you are oblivious towards these scams and a muddlehead you would really fall for crowd1.
I tried to evoke his conscience but damn he’s a fanatic at believing that it’s legit, he even sent me pictures of proof it was legit though our country informed the public not to engage with it.
They say that our government is “misinformed” about the situation. I kinda feel bad for my classmates who tried to poach me in doing illegal stuff since they’re ignorant about it.
Greed really transform someone in a way we can’t understand but can spell it to one word Idiot.
I’m from the Philippines it’s next target. Here some alibi from them.
It’s always funny when scammers think they can preach regulations to regulators.
To all people who believe that Crowd1 is a legit business opportunity and nothing like a Pyramid scheme or a Ponzi scam because Crowd1’s business model does not fit the definition of these scams (according to Crowd1 bullshitter Christopher Healy on YouTube).
I say this – if you put 1% ham on a 99% shit sandwich, would you consider it as a ham sandwich and eat it? Crowd1 = 1% business model and 99% Pyramid/Ponzi model.
If you feel like you have become a victim of Crowd1 pyramid scam, please do report it to the relevant authorities in your respective countries.
In the U.K. please report it to ACTION FRAUD and in Australia please report it to SCAM WATCH.
My friend’s in the Philippines is trying to convenience people to join Crowd1. He is a firm believer, posting pictures of money he made so far.
He is talking about making more than 1000 Euro so far, posting handful of money pictures on social media.
I didn’t want to join and said i do not believe this is legit and he is not even talking to me since.
Did anyone really make money? I mean if he made his money back he invested, then more, I don’t think he really losing anything by joining.
Wouldn’t only the people on the bottom lose their money when it is about to crumble? Now they are making some. It will stop but now they are making money.
They don’t really care that they are taking money from people under them.
Until you can convince people to join you will make money. So am i correct that there will be some winners of this scam, the ones who join early? It is in the early stages in the Philippines.
Therein lies the rub. If you’re a scumbag with bankrupt morals, nothing is going to stop you stealing money from people through Ponzi scams like Crowd1.
Of course he is not talking to you. Your moral stand has revealed his immoral core, and he resents you for it. It is not your wrongdoing; it is his own guilt gnawing at him.
That, and the fact that you were not willing to turn your money over to him. Don’t be like that. You don’t want to exploit others for your own gain, and you certainly don’t want to turn money over to scammers.
My friend’s in the Philippines is trying to convenience people to join Crowd1. He is a firm believer, posting pictures of money he made so far.
It all started with friendship or a post with “earn 6-7k a month, pm is the key” or like posts however as the 14 days starts to end they’ll turn to group chats and private contacts.
Then if you entertain they’ll refer you to the group chat then some “expert” will teach you how to “scam” others.
The biggest catch is that these “experts” aren’t CPAs or people who with credentials to teach you regarding “investments” the person who “taught” me was a project development analyst. He doesn’t even know what solicit means.
They are caring to the people who joins and will not listen to people who have different opinions.
As far as they are concerned money coming from scams is still legitimate money.
This guy is one of the scammers in Philippines.
Better REPORT THEM TO SEC PHILIPPINES. recruiters are consumed by their greed..
they dont care if its legit or not as long as they earn.. so better report them to authority for them to take legal action..
there is already sec advisory in the philippines.. next thing will be ceast and desist order..
lets pray to that..
Yes! Crowd 1 is still running big in philippine! Now is also kangot!
Crowd1 leaders keep recruiting members to kangot now. Report to sec.
Why do regulatory bodies allow such schemes to run for so long without intervention to save the ignorant desperate people?
Isn’t their job to protect innocents and prevent them from exploiting would be desperate citizens from even becoming more desperate?
Regulators won’t do squat until the number of complains not reached a certain treshold.
People waiting for the latest promised “profit” payout on the 15 of may. Yeah, 2048 May 15 maybe..
Hmmm I have been around in this world for quite a few years, not much though, but enough and I’ve learned about 2 things:
1: If you’re not born rich, it takes dedication and hard word to become rich, the legal way
2: If it sounds too good to be true then it is definitely too good to be true
There is no “get rich quick” scheme that is legal. So… if you’re investing in CROWD1 and it works out for you, well, I tip my hat to you and all the best.
I prefer to work hard to make a living. I have more surety that my way is more sustainable than MLM or any similar products.
So, people who joined to Crowd1, how is it working out for you? Are they doing everything they promise? Do they pay? Do you actually get real money out of it?
I think it’s hard to lose lots of money, eventually everyone will just lose their own money if they keep investing in it.
The people who join later, they will lose what they invest in it. They are all adults though and they have to know investments are never guaranteed. You should invest only if you don’t mind losing that money. Like in ANY investments.
Hard Worker says above, and it is so true: if it sounds too good to be true it probably is. That’s how I think about it. If they want to do it, and try their luck I won’t get butthurt. Their choice.
That’s fine on a personal level, I’m much the same. But it’s important not to diminish Ponzi schemes like Crowd1 are firstly scams and secondly illegal the world over.
Has Crowd1 stopped the withdrawal? Or having withdrawal delay?
I am rather disgusted by some of the justifications put forward here although I am not in the least surprised being South African myself and knowing how South Africans are.
After going through this entire thread and trying to find more info on the net, I came across a very distressing article that came out on 14 May in a well known publication in SA called Moneyweb stating that the National Consumer Commission is not investigating Crowd1 even though our neighbour Namibia found it to be a Ponzi scam.
The article also includes an official response from Crowd1 disputing the Namibian Reserve Bank’s findings and defended themselves (which was humorous to me) claiming they are not a Ponzi Scheme as they don’t have a sign up fee, they ‘sell educational materials’ and their income is 100% from the sales thereof.
I learnt in the article that according to our Consumer Protection Act, the National Consumer Commission takes precedence over the Reserve Bank, Financial Intelligence centre and tax authority over investigating Ponzi schemes.
It is worth noting that a complaint need not be made for them to do so and they have done so in the past.
Given that all that classic hallmarks of a Ponzi scheme are present here, the high prevalence of these types of schemes in SA and the fact that C1 opened an office here and that SA is notoriously one of the most corrupt countries in the world, I am convinced they must have been bribed but I also think that C1 is exploiting every loophole possible.
What people fail to realise here is that it is not just the $100 you stand to lose in the end, if you worked really hard and managed to recruit a lot of people, you stand to lose all the accumulated commission in your account when “investments” dry up and you are unable to withdraw it.
That being said, I think there is also reliance on the fact that not every recruit will be successful in recruiting people and will eventually give up trying.
For a majority of cash strapped, highly indebted and low earning South Africans $100 is a lot of money which they don’t just have lying around let alone having that kind of money to risk losing.
That being said, with the kind of returns promised, they will borrow it from family or make use of loan sharks if their credit record isn’t good enough.
It appears people are already having difficulty withdrawing their commissions as the process becomes increasingly delayed due to what the company is claiming is due to ‘high volumes’.
As somebody mentioned earlier somewhere in this thread, with these types of schemes you are able to withdraw your money at least twice but at some point you will be unable to.
Worth noting also is that SA has very strict Foreign Exchange regulations. All funds received from abroad must be reported to the Reserve Bank and the Revenue Service.
You may not hold foreign currency for more than 30 days so for example with PayPal you must withdraw the funds within that period.
I saw somewhere that affiliates receive their money in BTC which is obviously how C1 gets around all the exchange controls. At some point though, if you want cash you will have to withdraw that BTC from your wallet into your account which is when it will get flagged.
I can see a lot of people(especially South Africans) failing to disclose this income in their tax returns, in large part due to ignorance of tax regulations.
Below is a link to the article. FYI, before you even try to defend C1/yourself and attack me, note that I actually have a Degree in Economics and after considering all the facts and information my conclusion is that C1 is a textbook Ponzi scheme(not to be confused with scam).
Thanks for all your work and efforts to expose this OZ.
South Africa is batting on par with Norway as far as regulators doing SFA against securities fraud.
As for what I am reading here I hear nothing but assumptions and speculations (Ozedit: snip, see below)
There is nothing to “assume” or “speculate” with respect to securities fraud. It is very real and regulated the world over.
If you want to accept Crowd1 is committing securities fraud and not address it, fine. But that’s not an excuse to go off your own tangent.
I cannot believe that there are so many people walking around with blinkers on.
Oz is 100% correct this is a Ponzi scheme that is under investigation in Europe (where they supposedly are so strong) for securities fraud.
They are banned in a number of countries (Including the Asian country that is supposed to be their regional office).
I am not an economist or have a degree in finance (or any other degree for that matter) but I am able to read, search the web and make educated decisions.
I am yet to find any scheme were one only gets paid when they they recruit other people who have to buy in and that is not deemed a Ponzi scheme.
If is very hard to recruit like what i am facing right now. Is this going to affect my payments as an individual. I am on black and still my affiliates are running away from me.
With Crowd1 being a Ponzi scheme, company-wide recruitment slumps then yes the company will have nothing to pay withdrawals.
Backoffice monopoly money however will likely continue as normal.
Hi..roumers tell that Philippine and India members not get paid for last 2-3 weeks all stand on pending….is it the end of Crowd1 ?
Could be. Although rumors don’t count for much.
Is it true? It’s still getting paid till now.
I’ve taken my time to read through comments here about Crowd 1 and its operations.
I’m an IE student in South Africa, and was sponsored into Crowd 1 last night by a good friend of mine.
I have participated in MLM’s such as Forever Living Products, and Longrich. I’m not familiar with security frauds, and would like to know why Crowd 1 is still allowed to operate irregardless of these allegations.
As compared to the other MLM’s, the noticeable difference is that Crowd doesn’t have tangible products. These include financial education materials which we can deem as E-books. I know Play store sells books of similar nature although they don’t come in packages but are redeemed individually.
C1 is definitely not the first Ponzi to hit an impulsive populous that willingly invests in MLM’s. SA is extremely social and gullible due to the economic imbalance between the wealthy and poor. C1 isn’t the only ‘legitimate’ scam that affects our country (and the world).
In my opinion beyond the MLM system, BitCoin and Forex are (Ozedit: irrelevant and have nothing to do with Crowd1)
Scam or not, it pays… and personally, I don’t like the concept of recruiting to earn money, yet I realize that recruiting is a norm for the success of any conglomerate. (Ozedit: derails removed)
I personally cannot accept that C1 is a Ponzi because it has a target market (people who would like to make money using online means), and a product line (E-books that aren’t found anywhere else).
C1 may be deemed as an investment fraud because of their lack of transparency with their external revenue sources and regulatory non-compliance.
Yet, their operation is much easier to understand than computers and rigs that are said to solve mathematical equations, and doesn’t need one to be intensively literate about markets that depend on political/economic mood swings (FX).
My point here is to simply exaggerate that as much as we believe that C1 is a scam…it isn’t the only one…it isn’t the biggest one…and it certainly isn’t the last one.
I could’ve regretted my choice to join this market, but you have made me realize that it’s worth researching.
I have never been a part of online based MLM, but it certainly is better education than doing absolutely nothing. Your empathetic efforts to deter people from getting scammed by C1 is worth being revered.
Mr OZ, in future, please put yourself in other people’s shoes before you humiliate them based on a decision they thought would benefit them.
In conclusion based on my circumstances, and consideration of what people such as Al above say, I think C1 as compared to its BTC and FX online alternatives, is comparatively a more affordable risk. I’d pay $100 and attempt to recruit endlessly, than pay $250 in a volatile market that is independent of effort.
I respect you Oz, and I think you should also expose the rest of the modern scams that people find themselves entrapped in. It would also be good if you humiliated us ‘scammers’ whilst providing us with alternatives to C1 because if not we still got to eat bro.
As for collateral damage from people who have already invested, I can only urge you kings and queens to keep hustling because in this world you eat, or get eaten.
Putting R1 800 somewhere where it can grow will either teach or build you, its your perception that matters. Thank you for the read.
Don’t confuse regulators not acting or being slow to act with granting permission to scams to operate.
Neither of those things have anything to do with Crowd1 being a Ponzi scheme. Crowd1 is a Ponzi scheme because newly invested funds are used to pay existing investors.
Your economic fuck ups in life are not my responsibility.
Which is ultimately what it comes down to. You’re no different to every other Ponzi scammer out there.
You could have saved yourself some time just being honest about that and sparing us the sob story.
Oz,the first time I saw the name Crowd1 I knew something was rotten. A cousin send me the link.
Passive income? The only passive income I know of is owning buildings and houses to rent out and getting someone else to do the maintenance.
I was making a change when Covid-19 hit and instead of landing on my feet, I ended up jobless, broke and disheartend to the point of begging for any type of job.
A man who has been through hell and is a good person suggested that I take a look at Crowd1. Again with that name.
Being an ex bank clerk, a suspicious person when it comes to finances I find a lot of things lacking. Especially in an International Company.
The registration and ownership is questionable, there is a CEO with a namr and face, but where is the rest? Company secretary, where’s the published financial statements?
So it is digital marketing focusing on gambeling (which I am against), gaming and education… Just wondering if there shouldn’t be a detailed list of the affiliates and THEIR products. Shouldn’t it be more tangible even when digital?
What about Terms and Conditions? It seems you have no rights, nor the right to protest this fact, nor the right to gain back what you have lost as they make no monatary promises and it is up to you. T & C’s first page.
My brother and at least two cousins, as well as a good guy seems to be neck deep in this. How do I help without getting them in trouble?
Afterall Namibia’s BON has declared it a Ponzi scheme. Even if their judgement with the fishrot (epic fail) is questionable, doesn’t it mean they are more likely to be careful?
If your family members want out they can approach whoever recruited them. Another possibility is reversal of the method of payment.
Beyond that there’s not much you can do except not get involved yourself.
Regulators should be like an anti-virus in a computer, them acting in their own time is the reason why scam artists do as they please. I attribute such ignorance to incompetence on their part.
BitCoin does the exact same thing with their referral program. Funds that are paid to investors come from their effort to recruit. sooo I still don’t get the argument here.
Touche, You are great at finding problems, pity you can’t solve them.
I’m an opportunist, I don’t wake up intending to steal from anyone, don’t confuse yourself there man. I’m here because I’m learning from you.
I thought you were empathetic, but I was completely mistaken. You simply have a vendetta against Ponzi schemes. You careless about helping other people, yet you are very good at bringing their efforts down.
Shame on you, Shame on your pity for people trying to make ends meat.
For your sake, I really hope Crowd 1 is a scam, because that’s all you see in it. As reckless as this may sound, I see an opportunity to learn about the workings of MLM’s especially since Crowd is the most unique I’ve seen thus far.
Some of the things you exposed are worrying, but aren’t reason enough not to invest.
What regulators should or shouldn’t be like is a valid discussion, but not here. It has nothing to do with Crowd1 being a Ponzi scheme.
Bitcoin isn’t a company. It doesn’t have a referral program.
Nah. Shame on scammers such as yourself who go around stealing from people in Ponzi schemes. Take responsibility for your thievery.
Crowd1 is the same as every MLM Ponzi scheme that came before it. What you’ll learn is how to lose money in scams, that is if you didn’t get in early enough to steal from those who are scammed after you.
You dont have to be genius to read scam here.
all you need to join this scheme is your money, foolishness and just the right amount of greed and lazziness.
I couldn’t disagree more. Someone owns rights to that system. It has a founder, and generates business revenue for someone unknown out there, it doesn’t take a genius to figure that out.
There actually is a referral program for BitCoin PC miners via CryptoTab browser.
Lol, once again, I’m not a scammer, I’m an opportunist. Crowd 1 couldn’t have made it through EU tax regulators if it was a scam, They would’ve been fined/arrested.
I’ve got a feeling you spread fake news about that because according to my research, they are indeed Tax Compliant.
Crowd 1 is not a ”pyramid scheme”. A professional term to use for someone of your caliber should be Binary Level marketing. A type of marketing method that compliments rewards for referral programs and is maintained by constant recruiting.
FYI, Scams steal money from people without the intention of ever paying them back, basically theft. Crowd 1 only pays everyone who is willing to put an effort in it.
They literally tell you that the company’s mission is to build a network of online affiliates. Only an idiot would join without the intention of recruiting more shareholders.
Namibia’s Bank wants to (Ozedit: derails removed)
As I’ve said before, you aren’t really against Crowd 1, you’re against MLM systems. These systems are slowly getting perfected, and Online marketing has always been the answer that C1 solutes.
I guess I am a proud member of scams that pay their victims… wow Mr Oz…
Crowd1 is fold proof simply because of their vision and online presence. Meaning there is room for a systematic growth, something most MLM’s don’t have, hence my emphasis on the uniqueness. It’s not really about getting in early as much as it is about maintaining work ethic.
The money you invest in the company is like buying shares to earn from active users, not even Facebook does that for its participants because they earn directly from network traffic, and everyone wonders why Zuckerberg gets richer and richer.
Touche Mr Oz, see you at the top mate.
@ Jay Hussle
When I first read your post I thought you had to be a troll. That’s just how stupid it is.
Please share your “research” of C1 being tax compliant. It doesn’t exist. You’re a scammer. C1 is a ponzi.
Working hard at scamming doesn’t make me like you. Ad hominem is for lazy thinkers.
I particularly like the notion of someone saying they’ve done “research” on Crowd1’s tax compliance, yet believes the EU has “tax regulators”.
Not only that, those EU tax regulators vet companies before they’re allowed to do business, and even have the power to fine or arrest people if they’re found wanting.
Meanwhile, back in the real world, the EU doesn’t have any tax-raising powers, nor does it have the power to fine or arrest anyone.
But it’s quite an achievement. I don’t think I’ve ever seen something of this length in which absolutely every single statement made is a falsehood (except the bits quoted from Oz). Not even one tiny little bit of factually correct information has crept in.
Doesn’t matter if you agree or not, bitcoin isn’t a company any more than USD is.
Scammers promote Ponzi schemes. Quack quack.
1. There’s no such thing as “EU tax regulators”.
2. Crowd1’s regulatory issue is securities fraud. Tax is a strawman.
MLM + no retail = pyramid scheme.
Replace “scams” with “people who joined before you” and that’s exactly how Crowd1 works. Naturally the admins take their cut.
Namibia issued a securities fraud cease and desist and it was crystal clear.
No need to come up with whacky conspiracy theories, thanks.
I’m stating Crowd1 is a Ponzi scheme. I wouldn’t frame that as for and against.
They’re investment positions and through them you steal other people’s money. Same as any other Ponzi scheme.
(Ozedit: derails removed)
Mind you I meant the European authorities that deal with crowdfunding tax-incentives. I generalized them as regulators since they amend most of the tax laws for businesses who deal with digital technologies and the relationship between customers and financial services. Sorry for that miscommunication.
“MLM + no retail = pyramid scheme.”
MLM + Optional Educational Resources that may also be found on Udemy (Ozedit: Udemy isn’t an MLM company, derails removed)
Yes, most companies do that too, expert earns more than the newbie. I think the difference between MLM and Ponzi is a thin line.
“No need to come up with whacky conspiracy theories, thanks.”
Geez dude, what are you, Namibia didn’t ban it just on the basis of security fraud (Ozedit: Snip, yes they did, read the notice they put out. Conspiracy theories removed)
You’re not just stating it as a Ponzi scheme sir, your behavior in general suggests that you’re disgustingly undermining anyone who sees potential in its lucrative operation. I’d term that as being against it thanks.
Forget investment position, the correct terminology should be ‘owner rights’, unlike any other Ponzi Scheme.
49% scam/51% opportunity… The only way to judge it, is to play it.
You just dig yourself deeper.
Now BTC isn’t a company but thin air?
There no miscommunication as regards the tax issue. You can’t communicate effectively if you don’t know what you are talking about. I would still like to see your “research”. You should not have responded. You sounded confused before, now you’re pushing moronic.
The Reserve Bank of Namibia stepped in because C1 promoters take in funds without a licence. Your fraud doesn’t detract that they acted as they are supposed to.
It’s a ponzi. Get over it.
(Ozedit: derails removed)
I didn’t admit to being an expert, nor a perfectionist sir. I am learning with every comment made here. If you would like to see my research,
(Ozedit: derails removed)
Lol show me a fact then we can talk.
@ Jay Hustle
You have no shame. The tax article you refer me to has NOTHING to do with C1. I asked for YOUR research. You give me something by academics for the University of Naples and University of Sacred Heart with an abstract that doesn’t match? Was that the first thing you found on Google?
No, I’m not Namibian. Nor have I worked for the Reserve Bank of Namibia. I am however South African and I have worked for the SA FIC and got seconded to the South African Reserve Bank.
As the Common Monetary Area tends to follow the same legislative frameworks and policy decisions within the Southern African Development Community having more or a less a common set of policy goals, I think I’m probably more qualified than you to comment.
It doesn’t matter. You’re still a scammer, C1 is a ponzi and you look like an idiot.
Why don’t you amuse us all by unpacking the legislation on how this isn’t a scam in the SADC region since you’re so clever?
Just to rub it in @stevie here’s the Tax Compliance number of the company under European Union Compliance laws: TAX ID Number B88429436
Now go to sleep! (Ozedit: spam removed)
There is no such thing as European Union Compliance Laws or a centralised EU tax function numbnuts!
Don’t link to a video if you can’t explain yourself!
You do know what a proper noun is don’t you?
BTW, the big post in answer to most of your idiocy is awaiting moderation. Go amuse yourself and scam in the meantime
A Ponzi scheme is a ticket for a bus ride promising to take anyone who rides it from Points “A” (Mediocreville) to Point “B” (Disneyland), but it only has half a tank of gas.
It incentivizes its riders to yell out the window and get more passengers, which eventually pays for their own tickets to The Magic Kingdom (and some free hotdogs) …until it doesn’t.
The bus gets bigger and more full, and everyone is partying, having a good time, telling their friends and family it’s going to be an epic vacation, so the best recruiters decide to get their own buses to fill with their recruits. And now you have a mile long caravan of 100 buses all selling tickets, picking up new people and everyone on the first bus now has a free trip, all expenses paid!
Then ALL THE BUSES RUN OUT OF GAS AT THE SAME TIME AND THE BUS DRIVERS GRAB THE CASH BOX AND JUMP OUT, BUT ONLY AFTER SETTING FIRE TO EACH AND EVERY VEHICLE, BURNING THEM TO THE GROUND!
And now you have 9,900 passengers on the other 99 buses (that your bus and other drivers recruited), who spent money on a Disneyland vacation realize they’re not going and their money is gone.
Most wont say anything out of embarrassment, but some will report bus #1 and the other 99 drivers to authorities, a few may kill themselves as a result of the total loss, and a few may be so angry that they hunt down the ones who scammed them and chase them to the far ends of the earth, and stalk them online, for the rest of their lives.
Is it really worth it?
By all means tell us what EU agency you think has the power to change the tax laws of member states, and provide a link to their website. They all have websites, where they explain in considerable detail what they do, you know.
That is taken from the silly video you link to, made by an Australian turned Canadian self-proclaimed acting and public speaking teacher (going by his painful videos, he’s not very good at the stuff he’s supposed to teach). He took it from a Crowd1 website. Not very surprisingly, it’s wrong.
(1) It’s got nothing whatsoever to do with the EU. What is shown is simply a number used by the Spanish tax authorities to identify taxpayers. Obviously, every company registered in Spain automatically gets one assigned to it. It doesn’t make one compliant with anything.
(2) They mislabel it. They identify it as a NIF (Numero de Identificacion Fiscal). Those are for Spanish citizens, not for companies. What they’re showing is called a CIF (Certificado de Identificacion Fiscal). A NIF and a CIF have different formats.
(It took me about 30 seconds to “research”, as you would no doubt call it, point 2. Point 1 is painfully obvious to anyone.)
What you (or, actually, Crowd1) is trying to do by brandishing this number as if it meant something, is tantamount to saying that any US citizen who has a Social Security Number must be a law-abiding citizen.
I HEAR YOUUUU!!!
I’m not European so that’s not my Jurisdiction sir.
At the end of the day he’s the one in front of the camera trying to change people’s lives for the better, what are you doing Mam/Sir?
I didn’t know that, but I’ll continue doing research because that miscommunication is vital. You’re basically insinuating that everything about Crowd 1 is falsehood yet they managed to escape from Europe to other countries without one regulator taking a stand against them while clearly seeing their “ponziness”.
Don’t generalize your argument, that’s narrow-minded thinking.
This number is actually very important for any business to be identified by Tax Authorities. I don’t quite understand your point there about US citizenship, but I consider it as the company’s ID number which allows it to operate under the most useless EU Regulators in the world.
If you are happy whit scamming in this scam, why not yust own up to it?
If you were once scammed thats an explanation to why you steal from others, its not an excuses.
Why dont you just reach out to your local/state finincial regulator/supervisor and ask them?
-is it ok for me to make monies/commision/profit by peddeling ”produkt X ” whit an included buisness our investment oprtunity whitout a license ?
-And do ineed a seperate license if my potential client lives in another country.
Scamming doesn’t make me happy, if that were the case I wouldn’t be here would I.
Don’t generalize me as a scam artist without empathizing first please. I don’t wake up with the intention of inconveniencing people, don’t be like PassingBy.
Regulators here don’t care as long as you pay them, so that won’t work.
I don’t quite understand your point there but I believe it will significantly depend on the type of product you’re promoting. You can just pay the regulators for whatever license it is you need to sell with.
Only the regulator for the other country would know about that one because countries have unique protocols with their licenses. Most African ones are strict, while a few such as mine are free for all.
Crowd1 is a ponzi scheme owned by sweden and norgian big scammers.
Has nothing to do with MTI committing securities fraud and is irrelevant.
MLM + no retail = pyramid scheme. Period.
I can’t join most companies and steal money from people who pay to join after me. So no, no they don’t.
Crowd1 is a Ponzi scheme. If you see potential in stealing money from people who join after you then yes you’re going to find yourself undermined here. And for good reason.
Pseudo-compliance call it what you want. Crowd1 offers a passive investment opportunity.
This isn’t Facebook. Nobody gives a shit about your life story, not withstanding it’s not a justification for scamming people through Ponzi schemes.
Scamming people through Ponzi schemes isn’t changing their lives for the better. It’s stealing their money to make your own life better.
EU regulators don’t have the best track record when it comes to dealing with Ponzi schemes. Ref: OneCoin.
Doesn’t mean OneCoin and Crowd1 aren’t Ponzi schemes.
Impact Crowd Technology (ICT) is a Shell company owned by sweden and norgian biggest scammers.
click on this link to know everything about this shell company:
ICT’s head office: C / VELAZQUEZ 86 PtlA 1º – DERECHA (MADRID): coworking for rent (Not a real office).
Lars Johan Staël, whom they continue to present as CEO, has quietly resigned from the company.
Commission withdrawals have been late on bitcoin since 2 weeks.
people pay themselves by registering new members with gift codes.
The system is out of breath. People are going to cry very soon!!
Crowd1 is a ponzi scheme and an hug scam.
This has been said in comments here before, and I’ve just found some, reliable-looking, confirmation on this company information site:
Which states that JSvH has either resigned or was fired as “Administrador Único” of the company on March 10. He was only appointed on January 22, and there’s nobody with that job title before or after him.
This makes it very strange that in April he was still replying on behalf of the company to journalists who thought he was the CEO, and didn’t put them right. (https://behindmlm.com/companies/crowd1-withdrawal-delays-ceo-sets-up-covid-19-exit-scam/)
It is certainly to respect the terms and conditions of the contract that he signed.
But it is no longer legally linked to this company.
I think Lars Johan was paid to give credibility to this huge scam.
His role in this bad game is over.
So he decided to jump from the boat before it sank, in order to preserve his image.
The signs of Crowd1’s collapse are visible to the naked eye.
Considering that all of the companies Staël von Holstein has ever set up have failed, and that he’s acted as the public face of at least one of Jonas Werner’s earlier Ponzi/MLM scams, Synkronice/Spinglo (2012/2013), I’m not quite sure what credibility this man is supposed to possess.
It was quite funny though to see how the Crowd1 affiliates began worshipping him the moment he was wheeled out, and pointing to him as some kind of argument from authority for how legitimate Crowd1 was. When it was perfectly obvious not one of them had heard of him before he suddenly popped up in Crowd1. Very few people outside of Sweden have.
I’ve pointed this out before: him jumping ship before the final collapse is what’s to be expected. He’s managed to do that with most of his failures, so he can subsequently blame other people, and try and continue his ridiculous charade as a self-titled “Blockchain, cryptocurrency & Internet visionary, investor & serial entrepreneur”.
He doesn’t add that the only reason his entrepreneurship is serial is because every company he sets up collapses soon afterwards, and where he gets the money from to supposedly keep investing is anybody’s guess. It certainly cannot come from any earlier business successes, since he doesn’t have any of those.
“Serial entrepreneur” is a euphemism for “scammer”, recognised across the industry, as “tired and emotional” is universally understood to mean “drunk”.
If you include it in your self-description you really are taking the piss.
Unless you were being ironic (it can be hard to tell online):
Sadly, a quick google on “serial entrepreneur” shows that a lot of people not only use it seriously, but believe it is something admirable and worth aspiring to. I’m certain JSvH uses it in all seriousness.
The euphemistic use of “tired and emotional” also isn’t understood universally at all, it’s a British thing.
A serial entrepreneur is someone who genuinely starts one business after another and made them successful, then went on to do something else.
A serial failure is a MLMer always looking for “the big one”, and blames everyone but himself for why it failed.
A serial scammer is someone who keep taking other people’s money (such as serial failure) because they let him/her do it, while pretending to be serial entrepreneur.
Many People in the world are ignorant.
(Ozedit: Agreed. Derails removed.)
Fact: Crowd1 is a securities fraud Ponzi scheme.
This isn’t Facebook. You either respond to replies of your previous comments or spambin.
Is the serial fraudster Carsten Udo Deppisch actually still involved in Crowd1 or has he already changed the company again after he made a lot of money again?
Does he still operate from Dubai with his scams? Does anybody know more details?
I saw this lady from my Facebook TL passionately evangelizing Crowd1 flashing her new car and a project to upgrade her momma’s house.
I digged into the internet and couldn’t find Crowd’s website. There and the I couldn’t sum up whether it’s a company or a gaming software.
That was a week ago. Here I am having spent 2 hours reading through the feedback and though it’s an easy way to get money from the hands of people without a physical threat, my conscience is tells me Negative.
Not because I won’t profit but because there is no evidence for trade.
My simple principle has always been, ever since resisted the lure of joining Organo Gold years ago(nothing against the business but their business model. BTW their coffee tastes good), it’s that anything that requires me to put in money to start a business is not a good business.
If it requires you to put x money to get x+y money, something is missing somewhere. It’s like throwing x away but if it brings y without any work is it sustainable? It’s gambling.
There’s nothing concrete in a pyramid scheme. I asked the Facebook lady to tell me about and instead of replying she added me to a Whatsapp group where she has been sharing investment plans.
Would I consider that an investment after all these threads I have read? No! I’d have to look for something that I can do analysis and speculation based on the real world.
Thanks OZ for writing this article.
Well any MLM “part-time” job isn’t worth it at all. Money comes through hardwork even if it’s stealing, robbing a bank. Legal or illegal money you can acquire it through hardwork and effort.
There’s no such thing as free lunch in this greedy world. This “business” targets young enthusiastic people with no experience with reality (old people may be subject to this also).
This industry thrives because it targets the loopholes of the laws. Education is crucial toward these kinds of scams.
I believe so as he promotes their online world webinar of tomorrow. He still works out of Dubai but is in Vienna at the moment.
Thanks. So at one of his many residences, which the “gerlachreport” already researched in his OneCoin times.
Crowd1 is boasting over 5 million in their business. Well that’s not quite true by a long shot, not when you see leaders selling a 12 position strategy buy in, to game the system into paying residual income.
Yet one more reason amongst the dozens of reasons Crowd1 needs to be shut down. They seem oblivious to that fact that the program and the way its being promoted, contraveins securities fraud, money laundering and about a dozen other laws and is on the hit list of a dozen or more government agencies.
Yet the management is milking this cow for everything they can, as they seem to be teflon coated, given the string of failed and fraudulent schemes they have been in over the last 10 years of which there are too many to list here.
One only needs to scan thorugh the dregs of this forum to discover.
Well i just heard about this company recently through a pharmacy student colleague, imagine.
I quickly figured out what it was, and after strolling through the internet i had realized there is not much information being published about the facts of how this company operates.
You’re doing good work here, hopefully you’ve saved some stupid people their money and moral integrity.
I just love how people that is totally against gambling promotes this bull as if it is normal investing.
Someone “challenged” me to buy in to see for myself that it’s on the up and up. I don’t mind if they want to throw their money away, but don’t try to draw my friends and family in with this rubbish.
Is the gambling element even a thing still? The last person to approach me (there have been four) told me they are “beyond that” now.
Where they went onto the person wasn’t sure.
The gambling ruse came apart after an African company confirmed they had no partnership with Crowd1.
Now they’re pretending to be an app company – https://behindmlm.com/companies/crowd1-drops-gambling-ruse-now-an-app-ponzi/
Crowd1 dropped the gambling bit back in March, when it emerged their claims of having a business partnership with the African betting company Premier Bet were an outright lie (https://behindmlm.com/companies/crowd1-drops-gambling-ruse-now-an-app-ponzi/).
Yet from continued, repeated mentions in comments, here and in other forums, of sports betting, it seems the affiliates are still spreading this lie in their sales efforts.
It’s easy to see why. Since they dropped the Premier Bet lie three months ago, Crowd1 has been without any pretended external source of revenue.
The apps they were supposedly going to be selling instead haven’t materialized. It’s thus crystal-clear that membership sales are their only source of income.
If you’re an affiliate still desperately trying to recruit people, and inevitably being confronted with the prospect’s question “so how does Crowd1 make that money they promise to give me then?”, the easiest thing to do is to simply keep repeating the lie about the income from betting, even though the company has officially ditched it.
Thanks so much for this review I almost fall a victim. OZ you are good!!!
Unable to withdraw money from crowd1.
There’s no more real money in the system. It’s Monopoly’s money time now.
For real? Since when withdrawal pending. We still can withdraw
Since 3 weeks for some and more for others. they are forced to generate gift codes.
I have taken my time reading the article and comments and thank you very much Mr oz I wish I had known earlier. Now that I have been scammed all I wanna do is quit.
So I was wondering is there any chance that I could get my money back?, or better way of quitting?
Crowd1 is a Ponzi scheme. By the time you want your money back it’s too late.
FMA (NZ) Warning issued on Crowd1:
Thanks for the heads up Tim.
Over the past few weeks had a friend try and pedal Crowd 1 to me.
The second they start to try and sell you “the dream” warning signs go up. This is not the first or the last Ponzi scheme to hit South Africa.
Multi level marketing does not work! Herbalife and Amway tried it using products it does not work! Wealth is only created through hard work and innovation.
Elon Musk first wrote software that compac bought, then created the software for Paypal. You cant buy innovation or hard work.
And in all honesty if you had this great education packages why are they not certified with any Education board?
Crowd 1 says ingnore all the facts and focus on the dream, the big house, fnacy cars, expensive holidays. That enough should be a warning to stay away!
Crowd1 has been removed from businessforhome since yesterday:
But is crowd1 Still paying commission? Or delay issue?
Hi Behind MLM analyzer,
This analysis published 10 months ago…after your analyze 5.5 million peoples have joined in Crowd1.com & so it’s prove that your analysis is wrong. Don’t give a analysis before judge.
Uh no. All it means is gullible dumbasses such as yourself have invested in a Ponzi scheme that will inevitably collapse.
The length a Ponzi scheme runs till it collapses is irrelevant in light of it being a Ponzi scheme.
Crowd1 was a Ponzi scam 10 months ago. Crowd1 is a Ponzi scam now and Crowd1 will still have been a Ponzi scam long after its collapse.
Do you mean, “Can I still steal money from people below me before the scam collapses?”
ANSWER: Maybe, but it’s still stealing.
RE: “…Or delay issue?”
ANSWER: When new recruitment slows down in order to pay previous investors, there is delay. And eventually a collapse.
Maybe look into a real job, rather than depending on raping financial assets from naive investors whom you might convince will also “make money,” despite there being no actual real product on the public market, only pyramid recruitment.
You’re claiming that Crowd1 has significantly more than 5.5 million members, since those millions joined after this review was published 11 months ago. However, since I don’t know how many people you claim they already had, let’s use just 5.5 million as the total membership number.
5.5 million people would make Crowd1 bigger than the population of 10 out of 27 EU member states, and about level-pegging with two more (Finland 5.5 million, Denmark 5.8 million). Any company which is supposedly based in Europe, and which had grown to such a size in less than two years, would be all over the media. Everyone would have heard about this unprecented business phenomenon.
As it is, Crowd1 is an obscure outfit, which nobody in Europe, except those who happen to have a specialist interest in the tiny little niche of MLM/Ponzi/pyramid schemes, has ever heard of.
They’re lying to you about how many people they have recruited. Based only on your name, I’d be willing to hazard a guess that to you, they’ve also been lying about Crowd1 being hugely successful in Europe. In fact, all indications are that the Scandinavian scammers behind it have deliberately steered clear of operating in Europe, except as a location for their shell companies, and to misleid their marks.
As to longevity: a properly run Ponzi/MLM scam can easily last quite a few years. Especially if, as Crowd1 has been doing, they start hopping from country to country, once the inevitable decline in the initial target market (in Crowd1’s case, Southern Africa) starts setting in.
And always remember that Bernard Madoff’s non-MLM Ponzi ran for over 30 years, possibly over 40.
You can’t have 5,500,000 members and have less than 150,000 followers on Facebook. Something wrong.
I think they always add a zero to the real number of their members in order to attract more victims. Not too smart !!
Quite nice article, putting the things in the context and providing links for additional information:
@Biker: Read the article. There are mentioned withdrawal issues and bullshit excuses (in Sweden).
Hi Oz, all, How is Johan Staal going to hide from contract killers?
I mean be showed his face here in South Africa and we have him on video claiming he is the CEO of crowd1 and also he made promises that crowd1 is going to be listed on the stock exchange. He does have 3 other companies that made it and they are legal.
I was scammed by midjobs just a while back. And there was bo ceo or face nothing just a website. A couple of years ago i got scammed by bitconnect and lost everything I had.
Now for the first time this website actually has a real ceo and he shows his face and they do have offices here in SA. I mean this guy must be stupid because there are a couple of bad people here that will murder him and his family for scamming us.
Is there no possibility this could be a real company? Is it not members that are spreading all the false information?
I mean crowd1 is selling educational packages and when you buy an educational package then you get what you pay for.
They are not selling any shares and you don’t get any shares. So what is illegal about selling educational packages?
maybe the people recruiting members are talking nonsens. and now you think this is a pyramid.
Dunno, don’t care.
This review is based on Crowd1’s business model. It’s securities fraud which lends itself to Crowd1 running a Ponzi scheme.
Recycling newly invested funds to pay existing investors is financial fraud. Bundling “educational packages” to a Ponzi scheme doesn’t make it any less of a Ponzi scheme.
Mein Gott.. And this time it’s all different & you will get rich quick?
Or You got played AGAIN….. (This scam model Crowd1 is using is hardly original)
What seems more rational?
It’s called the long con and its how they get millions out of the suckers.
Can someone please explain to me what those Crowd 1 Educational packages entail.
James, do you know Onecoin?
Ignatova, Sébastien Greenwood, Konstantin, Juhua, etc … of Onecoin had shown their face, they organized events in several countries but it was however a scam.
Whatever scammers can do to reassure victims, they will.
For your information, Lars Johan is no longer legally linked to crowd1 as mentioned in the Spanish commercial register. he has resigned since March 17.
Jonas Erik Werner and Toranders Petteroe (two scamasters) now run the business. Anyway, these are the real bosses.
I think that Lars Johan was an actor to seduce the gullible of the Third World.
Crowd1 is a classic ponzi scheme led by scamasters. Hes days are numbered.
As Tracker has already pointed out, Johan Staël von Holstein resigned as CEO three months ago. The formal position he held, ‘Administrador Único’, has not been filled since.
They want to keep this hidden from the public, to such an extent that weeks after his resignation, when he was approached with questions about Crowd1 by a Swedish website, he answered as if he still was the CEO.
It’s clear that Crowd1 affiliates still think he is.
Why would any legitimate company, and a legitimate former CEO of theirs, keep such a resignation secret, and actively perpetuate the lie that he still is the CEO?
Which three would those be? I’ve looked into Johan Staël von Holstein’s career a bit, and as far as I can make it out, every business he’s ever set up has failed, after a very brief existence.
(That’s not counting any not publicly visible companies through which he manages his private financial affairs, which is normal practice for wealthy people.)
So people were warned and didn’t listen. Now these are the results in this facebook comment section:
If you don’t listen, you must feel. The National Consumer Commission of South Africa also needs to be held responsible, as they’ve turned a blind eye when they were notified about this pyramid scheme.
The clueless are getting a clue…..
From the petition:
Sorry for your loss South Africa. Turns out impossible is… impossible.
this is just the beginning of the pain. We warned you, but we didn’t listen.
You have helped professional scammers steal your parents and friends. What madness!
There is confusion, particularly among some of our newer partners who may not have a full picture of how the two payouts were to be done.
Everybody who was due for payment has duly been paid as the company had indicated it would.
*Residual Income* was paid to those who achieved at least Team Leader 1 level by 31st May
*C1Rewards payout* was paid to everyone who joined before 15th April. The payout was at the rate of €1 for every 1,000 of C1Rewards or €0.01 for every 10 C1Rewards held. And that is as most of us expected given the stage at which the company is.
We should be very proud that we are being paid what is a parallel to a dividend in a conventional company. A conventional company, typically takes 3 to 10 years before it pays dividends.
Crowd1 is *not* an investment company, nor are we buying shares in the company. In this business, money is made in *recruiting* . The more we recruit and help our downlines to also recruit, the more Binary and Matching bonuses we get paid. Some people make millions or hundreds of thousands of Rands in a matter of months!!
We suggest therefore we focus our expectations at the right goals and make the millions like some of our leaders are doing. This is the feedback I received on after asking when am I getting payment for claiming owners rights every Wednesday.
Look at me. I’m a *proud* South African Crowd1 Ponzi victim. Wheeee!
Are South Africans too stupid to see a pyramid scheme when it’s literally laid out for them?
And anyway, obviously recruitment has dried up otherwise Crowd1 would have funds to pay returns with.
Like any MLM Ponzi scheme, Crowd1’s top recruiters and the admins have made off with the majority of invested funds. Impossible is impossible!
Crowd1 is down. Look at the statistics on alexa.com:
Looks up to me. Which means they’re really just sitting on people’s money.
Ranked nineteen in South Africa and not a peep from the authorities. Lulz.
Oz this information is for you:
Crowd1 securities fraud warning of the Central African Financial Security Commission (COSUMAF)
Click on this link: droitmediasfinance.com/cemac-la-cosumaf-met-les-investisseurs-en-garde-contre-crowd1-et-coffre-de-luxe/
Thanks for the heads up! Took me a while to get my head around COSUMAF (French yay!).
I can see that you have no idea what crowd 1 is about and all the facts are there that this is no scheme or Fake.
since you came with this bullshit post offices have opend branding on cars have started live events have been held by the CEO.
so im sorry to pis on your batery but this is as real as it gets.
and im sorry that tour screaming scam but the peeple screamed scam and piramid scheme for bitcoin aswell hope you didnt join the Bitcoin scheme.
Dunno what facts you’re citing but based on its business model Crowd1 is a Ponzi scheme.
None of which has anything to do with Crowd1 being a Ponzi scheme.
Dunno what pissing on batteries has to do with anything but yes, Crowd1 is as real of a Ponzi scheme as you can get.
What bitcoin is or isn’t has nothing to do with Crowd1 being a Ponzi scheme. Sorry for your loss.
Just for fun, I went back to see how many warnings have been issued by governmental authorities against CROWD1. In the past 4 months, we’ve seen the following:
Namibia banned them for being a Ponzi scheme.
Paraguay issued a fraud warning.
The Philippines issued a fraud warning.
Mauritius issued a securities fraud warning.
Gabon issued a pyramid scheme fraud warning.
New Zealand issued a securities fraud warning.
Cameroon, the Central African Republic, Republic of the Congo, Equatorial Guinea, and Chad issued a joint fraud warning.
Vietnam issued a fraud warning.
CROWD1 was also caught out in a lie, when they had to retract the claim they were in partnership with AffilGO (online sports betting site).
Recently in South Africa, CROWD1 investors are up in arms because payouts have dropped to near-zero.
This is and always was a Ponzi scheme, and it’s unraveling. Sorry for your loss.
RUNE EVENSEN THE MASTER SCAMMER. JONAS THE THIEF.
ONECOIN, TOWAH, SITETALK, ENIGRO, COSS TEAM. THESE THIEVES NEED TO GO TO PRISON.
I have a screenshot where the FSCA had issued a statement regarding the crowd1 scam.
In The statement, FSCA has requested the Republic of South Africa to not engage/ carry on promoting crowd1 for many reasons.
please check out the statement on FSCA Twitter page (@FSCA_ZA)
Got it, thanks.
Are South Africans too stupid to see a pyramid scheme when it’s literally laid out for them?
Nah we’re not. A majority of those who have tried to recruit me are 20 yr old snot noses who know nothing about scams.
I begged a few of them to sell me their “products” still waiting for their sales pitch. One auntie has even claimed that SpringBok Eben Etsebeth has signed up.
Surprise, he did. And so did Duane Vermeulen. That’s how stupid some South Africans are I guess.(some)
At least a leading newspaper (Rapport) wrote about it. Now this person wants the newspaper to retract and apologize for saying it’s a pyramid.
Laughable. I guess she’s one of those behind Crowd1 in SA.
Not a Scam. Peramid in a way yes, but not a scam.
You deftinately make money as we have. You make a lot of money and only pay 1 time no monthly fees so you get all your money back and add 4 people in 2 weeks and get your invested amount back.
After that you get in more and more. and Yes a lot of selebs have joined.
No one will be in ruins for R1900.00 and you get your money back and way more no extra costs. And OZ has no idea what he is talking about.
Some of the facts listed above are not accurate at all.
Just leaving that as is. Herpa derp derp.
Whether people will be ruined losing money in a Ponzi scheme is missing the forest for the trees.
Feel free to make any corrections. Marketing bullshit will be marked as spam.
some of you guys know how to read these articles without paying 🙂
Swedish news articles about crowd one being a pyramid and some in management linked to ONEcoin and Sitetalk.
The accomplices of organized gang scam at work.
The official statement from the South African authorities:
Wow, so that breakit.se site can “now reveal” things anyone has been able to read right here on BehindMLM for about as long as Crowd1 has existed? That’s impressive investigative journalism.
From that mention of Staël von Holstein, they also appear unaware that he left his position as pretended CEO back in March. He only held that formal position with the Spanish shell company between January 22nd and March 10th.
@Against Crowd 1
Its a pretty poor article. As passingby sums it up, their l8te to the game and not up to speed.
I find it silly that they dont even mention “bigboss” Jonas Werner prior stints in “mlm” (our rather scams).
here is the article nolink/archive.is/qhPzk
(courtesy of flashback . org ) crowd1 thread.
How can people really believe that money can be made from nothing or the reshuffling of existing ones were the keeper and reshuffler is already taking a big cut.
This doesn’t even warrant any deeper financial discussion maybe some about the psychological defects and idiotic ideas of those which participate in or defend this criminal activity.
I think there is a doctoral thesis’ worth of material in the comments in this very thread.
There were so many delusions manifest in those who rocked up here to defend this scam, but an equal number who didn’t care who else got screwed so long as they came out ahead. Gullibility and avarice: the scammer’s best friends.
The information in the SvD article is very puzzling.
– JSvH claims that he is not the CEO of ICT, just a consultant, despite that he was presented as CEO at a Crowd1 online event on June 6
– When asked if ICT owns Crowd1 the reply is “Yes and no, we are in the process of transferring Crowd1 to ICT”
– When asked about Crowd1 current ownership and how much money the network has netted, JSvH knows nothing. He also refuses to take any responsibility for the current network.
Can you give us the link of this article?
But it’s behind a pay wall
Thank you bro.
I don’t think it’s very puzzling, it fits the pattern.
On the one hand, JSvH is clearly smart enough to want no legal liability of any kind, and was only briefly ““Administrador Único”, which I suppose is what they publicly dressed up as “CEO”, of the Spanish shell company (the position also seems to have disappeared with him).
Before that, he’d already been appearing publicly as a central figure in Crowd1, while initially being quite vague about the exact nature of his involvement.
He’s now preemptively distancing himself even more, by claiming that Crowd1 is still only being “transferred” to ICT, and that he has no clue about the finances.
Clearly that supposed transfer process would have been even less complete during his mere seven weeks as CEO, from January to March. He’s trying to create as much plausible deniability as he can, for when it all explodes in public.
On the other hand, they equally clearly want the marks to continue thinking he’s the boss, for which in MLM-land they always use the imported American term “CEO”, and he fully participates in that.
When on an earlier occasion he got some questions from a Swedish website addressing him as the CEO, he just answered them on behalf of the company as if he still was the CEO, without correcting their mistake (which would be pretty much unthinkable in any legitimate company).
Here’s my prediction: once the excrement hits the rotating cooling thing, he’ll portray himself as a victim, whose visionary idealism led to him being duped by some ultra-clever scammers.
The business ideas they presented to him were absolutely wonderful, all about helping the deprived peoples of the world through the wonder that is the internet, and his briefly-held position of CEO was a purely symbolic role, which he only accepted because he wanted to support them with his celebrity status.
He is, after all, a world-renowned internet visionary, as well as a hugely successful serial business tycoon. He was never involved in the way the company was run, he didn’t even know what the actual ownership structure was. That’s just the, perhaps somewhat overly trusting, kind of driven idealist he is.
Sadly, chances are he’s clever enough to have indeed made sure he gets away with it, at least as far as the legal side of things goes.
I suppose he could even try using the argument that CEO isn’t a legally defined term in any relevant jurisdiction, so he didn’t think it amiss to be referred to as such, just considering it a sort of honorific, a courtesy title if you wish (being from the aristocracy, he must know what a courtesy title is).
Something that just means “someone who plays some important but undefined role in a company”, not a real job description.
Crowd1 has again changed its address on its site. They are return back to Dubai. Lol
These scammers have more than one trick up their sleeve. ahaha! wait and see !
JSvH tries to defend himself and Crowd1 from the allegations in the Swedish articles, blog.crowd1.com/blog-post/johan-stael-von-holstein-challenges-swedish-media-outlets
A lot of excuses about how difficult it has been to establish the new company structure in Spain. He also tries to explain the fantastic business opportunity that Crowd1 can offer.
I don’t think it will work, but I guess that is not the intention. It is just an excuse for recruiting.
First thing I did was ctrl+f and punch in “securities”. Did it again with “security” and nothing came up. Didn’t bother reading it.
If JSvH isn’t going to address Crowd1 being an illegal securities offering (admitting it’s a Ponzi comes next), then it’s BS marketing spam.
Oz, you can remove my previous comment if you want to.
The Crowd1 blog is of course marketing but I thought the explanations were so lame it was worth posting it here. But I now understand that it can be seen as marketing, and that was the last thing I wanted.
All good, within the context of the discussion here its useful for academic purposes.
If a Crowd1 affiliate came on here and went “hur dur no securities fraud!” with a link then I’d have probably nuked it.
This is actually a translated article from a Swedish news site
It’s all boo hoo hoo, I’ve been misunderstood throughout my career. Some people are born “unlucky”…
Apparently product launches are happening..as announced in the crowd1 world event, travel and lifestyle products ..hmm..
You can’t legitimize a Ponzi scheme. Whatever you add after the fact is irrelevant with respect to legality, regulation and Crowd1 being a scam.
A close friend of mine just told me about this crowd1 (in Nigeria). I’ve done my research and it’s crystal clear it’s a Ponzi scheme.
It can only last as long the inflow of recruits is waxing strong, when it starts to decline, the pyramid structure begins to crumble.
Nigerians are smarter than this, some popular Ponzi schemes blew hot here some 4yrs ago, many people lost a lot (properties, savings..even lives) when they crashed.
It’ll be difficult to recruit members here in Nigeria, no one will give u audience if you come to them with the ‘sign up under me, bring people to sign up under you’ bullshit.
I was about telling this my friend that he’s on a long cruise to no man’s land when I realized he’d already signed up. I let him be.
OZ hv anger issues, he needs help, it’s so funny how angry he gets nd keeps repeating one thing over and over again without realizing that he has ran out of real facts.
U made ur point bt u starting to sound like a CD with scratches.
Why would I have anger issues? I haven’t lost anything in Crowd1.
I’m here enjoying my popcorn as it all falls apart.
The only fact that matters is Crowd1 is a Ponzi scheme. And I’ll keep repeating that as long as braindead knuckle-draggers like yourself come up with excuses for fraud.
it’s really funny to see people trying to hide the sun with their hands.
Crowd1 has all characteristics of a pyramid / ponzi system managed by serial sxammers.
No real company, no product, no real address behind this program.
Everything about crowd1 is wrong. But there are people who believe in it blindly, like the slaves of NXIVM sex sect. It’s pure madness.
Crowd 1 is a scam for real. I joint last year February and decided not to recruit I didn’t want to drag anyone into the shit I’m putting myself in…
I’ve been claiming and claiming owner rights…. I never received any payment even know I’m still claiming I wonder if they even gain money from the data we loose claiming free owners rights.
Members sign up new members. Why doesn’t anybody talk about the fact these members are being paid every time they sign up someone new?
Should you choose to sign up and hunt massive profits, you buy an “educational package” that has more worth to members as it unlocks bonuses, rather than the package actually contributing educationally.
When a package is being bought, the buyer pays for the package into an existing member’s account, be it bank or other form of e-wallet.
This money doesn’t ever reach Crowd1… The seller/advertiser/affiliate or whatever you want to call them, purchases this package using a digital currency called “owner rights” which is accumulated through various bonuses.
I.e. The existing member gets paid real money to issue a package to a new member with a digital currency to which no value is attached.
Furthermore, when a new member is assigned to the binary system, each person in the up-line receives a bonus as if money has been paid into the system, but this does not explain how people have been able to travel or buy cars within months of joining Crowd1.
It’s a given MLM Ponzi schemes rely on pyramid recruitment.
The recruiters stealing money directly has also been a thing in MLM Ponzis for years. Usually credits/pins or some other bullshit is exchanged (nothing goes into the Ponzi).
Typically ramps up towards the Ponzi’s endgame.
Either they recruited a bunch of people or it’s fake it till you make it.
Hello OZ this is news for you:
Fire in Cote d’ivoire, one of the Crowd1 biggest market in West Africa.
The government has banned Crowd1 today. And forces local leaders to pay money back to investors.
This the official link: informateur.info/marketing-de-reseau-le-gouvernement-annonce-la-fermeture-de-crowd1/
Thanks for the heads up! Bit of news for me to get through today phew.
Im back… Im the guy from Philippines… Crowd 1 is not a scam it’s a fu*cking blood sucking company that tells others it’s not a scam.
Bruh… Our government was the first in SEA to raise a warning against Crowd1 then Philippines’ SEC orders Crowd1 to stop it’s *business. C1 is illegal in our country but you know an extra cash won’t hurt so they’re still alive and enthusiastic.
Cancers of society.
C1 is not a scam but a hustle, con, bunko, fraud, gyp. It’s 100% legitimately illegal and you are an asshole if you use C1.
I invested my money on Tesla… Got stonks.
I think you might have to broaden your definition of a scam.
Well you didn’t invest in a Ponzi scam, but you did invest all your money in a single share run by a guy with a penchant for securities fraud. What could possibly go wrong?
Has anyone else noticed that South Africa is suddenly Scam Central Station with a new export?
Trust a Saffer-tonsil like Elon with his penchant for being a complete idiot and penchant for screwing shareholders at your own peril. I get to say it as a South African
Hey I lost a long time buddy of mine just because he p**sed me off with this crowd 1 crap trying by all means to persuade me even though I showed him all the facts that it’s Ponzi freakin scam.
So he not only lost a friend but soon he will looze his money and moral standards too but by the look of things he already did I’m so flipping glad I’m not a gullible prick and you think you know someone.
It’s not rocket science it’s an illegal pyramid scheme don’t be ashamed if you got ripped off we not all intelligent beings some of us are just hasty and desperate enough to do stupid things and one last thing.
#stopbeinggullible!!! Do your research first people.
Keep exposing crowd1.
Thanks OZ !
Thanks for the support!
guys fear of risk got u were u are today just man up get rich or die trying in trying u will lose it doesn’t mean u should not try again.
I understand Oz has been scammed too bad but the truth is crowd1 is here to stay n it’s making millionaire.
Not so much “understand” as “hay guys here’s something I completely made up”.
Crowd1’s website traffic has stalled since early June. It’s only a matter of time.
Another quote for the serial victims’ Hall of Fame
The operating model, the modus operandi, used in every single business he has been involved into, is well known.
1.Create the hype, the air Castle. Dont bother about boring things like ”production”, thrustworty, asset value etc. The imagine is everything. And despite all those earlier business failures, he still believe this is the right way to go.
2.Poff, the ballon explodes.
3.Crying out in the media.
Thanks oz. You are awesome.
Estonian company Novapago Oü, which provides debit/credit card payment method for Crowd1 package purchases, has temoprarily lost its FFA000345-licence (
“Operating as a financial institution”) in late June 2020:
No reason given by the Estonian authorities why the licence has been given one year pause. The company still has two crypto related licences from Estonia.
People behind the firm are Erik Robert Holst Jakobsson and Alpesh Patel (from the Maltese entity: registry.mbr.mt/ROC/companyDetailsRO.do?action=involvementList&companyId=C%2082172). Can’t find any info on Jakobsson, but searching Patel’s name gives some interesting results…
Novapago seems specifically set up for Crowd1 money laundering operations or at least they have quite close partneship.
It’s quite interesting how the money laundering works:
Crowd1 package byers use their payment card to buy the package price worth of bitcoins from Novapago into their Novapago wallet. Novapago then transfers the purchased package paument bitcoins to Crowd1 from the Crowd1 investor’s Novapago wallet.
Their systems seem pretty integrated for the info about the succesful purchase gets immediately updated on Crowd1 BackOffice.
I can’t find any indication from Novapago website that they offer this moeny laundering service to outsiders — therefore I suspect Novapago is part of the Crowd1 infrastructure.
Given how easy it is to setup crypto fraud related shell companies, I imagine that only set them back 5 mins?
Estonia needs to grow some teeth to clean up the mess they created (not just Crowd1).
Yep, its a scam.
I got introduced to this recently in Nigeria and I asked the person some questions which he couldn’t answer.
I immediately knew it was a scam company. I mean, many of these is around these days and just a little thinking can tell you what they are.
Nice review and comments, its for those who will listen though…some will rather skip legitimate MLMs and jump into pyramid schemes.
While a lot of people believe Crowd1 is a scam, I cease to agree with them. That’s my opinion though.
I think the company has a business model that is easy to understand. If you go through their website, they clearly state that they are not a gaming or gambling company.
What they do is to partner with digital companies, promote products to their members, and they get commissions for doing that.
To join the company, you have to buy an education package that starts at 99 Euros. This is typical of a networking company. As a networking company that they are, if you put in effort in introducing new people to the company, you get paid for your effort and you stand a chance of earning good pay from the commissions earned by the company.
So in my opinion, I don’t think they are a scam.
You’re welcome to disagree with the fact Crowd1 is a Ponzi scheme. That doesn’t change the fact that all Ponzi schemes are scams.
Not now but originally that was the ruse, until they were caught out.
at a minimum commit securities fraud and operate illegally.
You can’t make any factual claims about what Crowd1 does with your money because they don’t provide legally required audited financial reports.
Without any disrespect, you sound like a rube who’s swallowed Crowd1’s current marketing pitch and joined way late in the game.
Sorry for your loss.
Thanks for the heads up OZ , i almost fell prey especially seeing movie actors in Nigeria advertising this fraudulent scheme.
Thank God my money is safe at last.
Hi I have read the majority of comments in this forum and just want to have my say.
1/ You don’t keep putting money in you upgrade by the binary points you accumulate in your back office.
2/ You do get paid out in the residual payouts and in the BP you accumulate.
3/ People keep saying you loose your money well if you run it properly you get your money back, I got back what I put into it, back in 2 weeks and more after that. I have now been in for 6 weeks.
4/ Furthermore, when a new member is assigned to the binary system, each person in the up-line receives a bonus as if money has been paid into the system, but this does not explain how people have been able to travel or buy cars within months of joining Crowd1. (I stole this from comment from above) and would like to add, also, people retiring at 19 yes 19, don’t have to work.
5/ And another thing how come we can withdraw what we are earning, if we couldn’t with draw then I would be worried but we are!!!!
It is now September and Crowd1 is going strong have half of you actually gone into this. If you haven’t how do you know, you believe all the write ups and think that’s the truth
(Ozedit: derail removed)
I am making money, you make a lot of money and only pay 1 time no monthly fees so you get all your money back and add 4 people in 2 weeks and get your invested amount back, which is what I did and am still earning.
So, question, If you haven’t tried it don’t knock because half the comments against Crowd1 are not true because its working for me!!!!
2 years ago I joined into a scheme called USI Tech now they scammed people big time blocking off their back offices and we couldn’t draw out at all.
With Crowd1 we are all drawing and you only put a one off payment in its up to you which package you buy you do NOT keep putting money in lets get that straight.
Half of you in here have no idea how it works…..
And? Whether you recycle money that doesn’t exist in your backoffice or actual new investment the end-result is the same, Crowd1 is a Ponzi scheme.
Which has nothing to do with Crowd1 committing investment fraud.
There is no “well”. Math is math and the majority of investors in Ponzi/pyramid schemes lose money.
Yes Crowd1 operates a pyramid scheme. Already noted.
Because people who joined after you invested money for you to steal. That’s how a Ponzi scheme works.
Could have saved a lot of time by just being honest:
I am a Ponzi scammer and I don’t care so long as I’m able to withdraw the money I’m stealing.
And no doubt just like Crowd1, you were singing USI-Tech’s praises until you accepted you’d been scammed.
USI-Tech was a scam from inception. All Ponzi schemes are.
Crowd1 Livestream Event September 12, 2020
Udo Deppisch is still active.
Its starting to go down now… traffic was just fake and pumped up.
The lifetrnd product is in each case checked higher priced then the same hotel/booking at both booking.com and hotels.com. So pumped up prices…
That Alexa ranking graph is quite remarkable. It’s not the usual pattern of decline of a failing MLM scheme at all.
After remaining rock-steady at very close to the #800 position for the past three months, they suddenly plummeted to #3,374 today.
It happened literally overnight: on September 24 they were at #838, the next day at #3363.
Such a precipitous fall, and such an extended period of complete stability before it, can only have two explanations:
(1) They were generating fake traffic, and for some reason stopped doing so.
(2) Alexa noticed what they were doing, and removed the source of the fake traffic from their data.
As to something sold through an MLM being more expensive than the same thing sold through normal means: surprise surprise.
Will it never dawn on some people that if you add multiple, completely superfluous, intermediate layers to the sales process, all of which must get their cut out of the profit margin, the product will end up having to be more expensive?
MLM is an inherently, and needlessly, expensive way of doing things.
I concur. There’s absolutely nothing natural about that Alexa drop.
Crowd1 is definitely going down, more signs are now visible that it’s only a matter of time they run away with peoples money.
According to many posts I’ve seen on different social medias, there’s a huge delay in withdrawals (if you’ve used crypto for withdrawals In forex, you should know it doesn’t even take a day to get your withdrawal) and this tells me that crowd1 first has to accumulate money through joining fees in order to do payouts.
the so-called “epic promotion” has now been extended for the rest of the year, those who want to purchase those useless “educational packages” should do so using ONLY cryptocurrency (I find that very strange).
Nothing strange about only accepting Crypto, Werner and co are aware that if anyone was daft enough to provide them with a bank account –
1) it could be frozen without notice.
2) the bank would need to provide any information requested by tax or law enforcement authorities.
Going Down – I checked the Lifetrnds prices myself a week ago, for a each of 6 locations they were marginally cheaper than expedia and booking.com.
Scam here is that the Crowd1 member probably gets paid commission in potentially worthless BusinessPoints, rather than the 5% cash that a (very easy to set up) direct affiliate would get.
Or, if it ever takes off, that all end-customer payments will be diverted to the account of some quickly disappearing fraudster.
More indications of a collapse. Russian affiliates report a heavy discount on Titanium package (down to €600). Seems like the collapse is really near, as such discounts are the signs of collapse.
Has anybody ever tried to investigate the Crowd1 associated crypto transactions? Perhaps collected Crowd1 associated crypto addressess?
The 86 euro payment that this guy is documented here (youtu.be/bEqT9Kc4E1A?t=174) receiving from Crowd1 can be found on his wallet on 9th of May:
It’s the number 28 of this transaction:
I wonder could one use this and similiar transactions to learn how the Crowd1 scammers operate and what’s the scale of their fraud?
@semjon It would need a disgruntled employee to provide some key wallet details, if there any out there.
Crowd1 scammers can hardly contain their excitement at ‘partnering with Microsoft and Emerge gaming”.
I haven’t seen a press release from Microsoft yet 🙂 nor from Emerge (who are an authorised MS Azure reseller).
Emerge, a legitimate and well run e-gaming provider, struggle alongside Google, NVidia, Sony etc for market share. Crowd1 (or rather some parent company) will (according to them) be selling Emerge’s product to and via Crowd1 members.
Emerge will keep 64.5% of receipts, with Crowd1 guaranteeing 100,000 users of the USD8 service per month. Probably a bit like the Crowd1 Lifetrnds hotels product – great if you are a ‘leader’ and take a large cut of the members commissions but a bit of a damp squib for individual members who are increasingly complaining about delayed payments.
Watch out for Ponzi within a Ponzi features, these crooks just cannot help themselves.
Assuming this isn’t outright bullshit, sounds like, as opposed to a partnership, someone just signed up for a merchant account.
Said account is likely a shell company to mask any ties to Crowd1. You can bet neither Microsoft or Emerge have ever heard of Crowd1, nor will they have them on their books.
The merchant account will probably be shut down once the link is uncovered.
Crowd1’s gaming partnerships were all bullshit. The app nonsense flopped. Adding a travel portal flopped. This is just the next ruse trotted out.
Claims of having a “partnership” with Microsoft, as if that’s a very special thing, are very common among IT-related scams, or dubious little companies trying to appear much more significant than they are.
Usually, they’re not even lying, they’ve simply signed up for the Microsoft Partner Network.
Any company, or individual, in any way involved in selling, or supporting, any Microsoft product, or developing software or hardware that must work with Microsoft stuff, can do this.
Which given Microsoft’s market dominance means pretty much anybody in any way involved with IT. The word “partner” in the name of the program is of course only a marketing gimmick.
It’s free at the basic level, and I doubt there’s much of a vetting process, if there is one at all. If Crowd1 have some application that runs on Windows systems, I’m sure they qualify to join.
More details of Emerge / Miggster here -> asx.com.au/markets/company/EM1
Notable that Crowd1 is not mentioned, Emerge clearly know it is dodgy af. Their share price jumped 20% on the news.
I’ll be looking for an opportunity to short Emerge – the essential problem is that they mistake a huge number of Crowd1 members registering as a huge number of monthly sales.
Whereas what they have is a huge number of Crowd1 members expecting to get some of their ejucation pack money back by virtue of registering.
Unless Crowd1 registers with financial regulators and stops committing securities fraud, this is all Ponzi theater.
You shouldn’t have to guess or take some guy’s word on social media. Any flow of money within Crowd1 is legally required to be disclosed in audited financial reports.
Until that happens, Crowd1 is committing and continues to commit securities fraud.
MLM + securities fraud = Ponzi scheme.
@Market Man, here is the full link
The CEO of LifeTrnds is a man named Mark Seyforth. Mark owns a Travel MLM named Travel 10 which is a “competitor” to Expedia.
@OZ, how about a review of Travel 10?
Mark was previously a Herbalife distributor and was Mark Hughes’ direct downline. He says he is the one who coined the Herbalife slogan “Lose weight, ask me how” and helped create their compensation plan.
This is obviously not a coincidence…Pyramid Scheme within a Pyramid Scheme. Grow an audience, then keep milking them.
Travel 10 has a subscription fee of around $10 a month. If you bring 100 000 people, then you can earn around 100 000 per month.
Does anyone know if LifeTrnds has a monthly subscription fee?
We covered the LifeTrnds integration here – https://behindmlm.com/companies/crowd1/crowd1-attempts-to-legitimize-ponzi-with-products/
I had a quick look at Travel10, appears to be single-level commissions i.e. not MLM.
BBC Africa did a wonderful job covering and exposing these crowd1 scammers.
I recommend you guys check it out on BBC Africa’s YouTube channel
Hi. My mom joined crowd1 about a year ago, and tried to convince me to do the same. I did some investigating online and also listed to a couple of webinars, and quite quickly recognised it for what it was, a Ponzi scheme.
Since then I’ve been trying my best to get her out of it. But she really bought into their bullshit. But finally , after spending a few hours reading this tread ,and also thanks to the BBC documentary which I thought was very gooy, especially highlighting who is the real victims of this scheme, poor people who are douped out of the little resources they have (or even worse if the borrow to finance it).
I’ve got enough hard facts, information and the right kind of arguments to (hopefully) finally get here to realise she needs to get out ,and that crowd1 isn’t a genius business opportunity that is at the same time helping people out of poverty.
Thanks to everyone (to many to mention by name though) who’s contributed actual facts ,good info and arguments about and against crowd1. Live long and prosper.
Crowd1 member withdrawals are currently delayed by several months, ostensibly because they have reverted to manual payments as hackers tried to steal from their automated payment system.
I know that this is the same excuse used on another recently failed fraud, can anyone remember who that was?
Bitalium is the most recent one I can remember – https://behindmlm.com/companies/bitalium-collapses-pulls-security-audit-exit-scam/
“We got hacked” is a pretty common MLM crypto exit-scam ruse.
The “Mirror Trading International” ponzi / pyramid is using the “hackers” excuse, amongst a raft of others, as we speak.
So Crowd1’s next play is going to be a Ponzi shitcoin.
Because in MLM crypto you don’t need to pretend to come up with Ponzi cover ruses.
Somebody stab me in the face with a giant concrete dildo already please.
(be aware that the website traffic on crowd1.com is plummeting – source Alexa.com – South Africa died – Latin America died)
AKA University of how to scam Third World shit for brains.
Sheesh…you just can’t make this up.
Apparently Renz has left crowd1 and has started his own mlm company.
Reason why he “Left” was due payment issues in crowd1. He claims that there’s been issues in crowd1 since June/July 2020.
This tells me that crowd1 is dead, it’s only a matter of time they take off.
Lmao these jokes just write themselves.
Yet a question lingers. Who is at the top? Holstein and Werner may be the faces of the company, but could there be a power behind the throne?
To find out, we have to look into Crowd 1’s structure: a network of offshore companies. Examining ownership of these companies, Werner and Holstein do appear on a few, accompanied by Crowd 1’s public directors, high ranking Crowd 1 members, and offshore secretaries. Yet the most revealing name listed is Tor Anders Petteroe.
Tor Anders has never appeared at a Crowd 1 event; is never mentioned by Crowd 1’s higher ups and he is not listed on any Crowd 1 network website.
Yet he is one of the listed directors of Crowd 1, he has employed his previous secretary to administrate Crowd 1’s UAE base, and has littered Crowd 1’s ranks with his previous associates.
Tor Anders Petteroe is an infamous pyramid king. He owned/owns Towah, a company that allowed pyramid schemes to process payments and supply their victims with bank accounts.
Towah profited off numerous pyramid schemes over the last decade and remains active in Spain even after several legal proceedings.
Tor Anders has associations with many high-profile pyramid schemes not just through Towah, yet often in the role of payment processing.
Most interestingly, Tor Anders has a previous association with Werner and Holstein. He provided Towah Payment services to their last pyramid scheme, ‘Spinglo’ and it’s partner product Synkronice.
I get the impression Tor Anders might be what Frank Ricketts was to OneCoin.
It is so obviously a pyramid selling, ponzi scam. How on earth do people fall for these scams?
I know Crowd1 promoters in South Africa. They are all religious people and using so called christianity to sell Crowd1 in churches.
So if you are against this scam then the devil is fighting them. True story.
Secondly, SA regulators have been dragging their feet in banning this Ponzi scheme because the SA government themselves could be promoting this scam. This is the only thing that makes sense to me.
Time will tell though and time is running out for Crowd1.
I thought this was dead by now, but I still see activity mostly in Africa.
Also, Jonas Werner is bragging about his race horse.
“Velocius Crowd One”. It has run 3 races with a reputable jockey and actually finished top 3 in all.