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Best advise on Crowd1- Pyramid Scheme or Not?

Facts to get you informed before investing in Crowd1.

There is a lot of controversy about Crowd1, I would say rightfully so.

This is a very touchy subject especially in South-Africa, seeing that so many South-Africans is taking part in this.

The main question on everyone’s lips are:  Is Crowd1 a pyramid scheme or not?

I am not in the position to call it a pyramid scheme.  But unfortunately, there are too many red flags.  I am not here to make up your mind for you, that’s why I hope after reading this you will think hard and long about our decision.

What is Crowd1

Crowd1 in a nutshell

Crowd1 in a Multi Level Marketing company that is supporting online gaming and gambling.  Crowd1 is about shares, also known as owner rights.  You sign up under your recruiter and upgrade to one of the 4 packages.  When you upgrade you get owner rights?

Crowd1 is one year old.

The founder is Jonas Eric Werner.

The swede Jonas Eric Werner founded Crowd1 in 2019, but this company is not his first.  At the beginning of 2010’s he was one of the top people at Syncronice-Springlo.  The company’s members accused it of being a pyramid scheme.  When you look at Syncronice-Springlo business model, you will find that it was almost a replica of Crowd1.  What you should know is that Synctonice-Springlo was only operational for three (3) years.  The last time Synctonice-Springlo websites were live was April 2013.

After leaving Syncronice-Springlo he started to work for OPN-Sitetalk, which also had dissatisfied members with the talk in the media of a pyramid scheme.

COE of Crowd1 – Johan Stael von Holstein.

Johan Stael von Holstein is the CEO of Crowd1’s patent company Impact Crowd Technology.  He’s career began in the mid 1990 at the Kinnevik Group.  It was after this that he would create what he is still best known for:  the consulting company Icon Medialab, a company with very big ambition – which during the peak of the dot.com bubble, was valued at over $480 million.

However, when the dot.com bubble burst this also meant the beginning of the end for Icon Medialab.

Crowd1 packages.

In my opinion I don’t see how this can be an opportunity for everyone.  The joining fee is just too high.

Here is a breakdown of each level you can join.

White level–99 euros that equals to R1881.99

Black level–299 euros that equals to R5683.99

Gold level–799 euros that equals to R 15188.99

Titanium level–2499 euros that equals to R47505.99.

So how does Crowd1 make money?

The only way to of making money is to recruit, share your business on social media, and invite people to Crowd1.

Claim weekly owner rights.

To start earning you need minimum two people, which will be placed on the left and right side of you.  Then you will start earning Binary bonus.

They have claimed to sell software created by foreign developers, so cutting out Google and Facebook as advertisers.  But there are no signs that it does so at any significant scale.  They also state that they are selling educational packages.  I have not seen any educational packages up to this point.  When you ask any member about the educational packages, they will only give you Packages that you can buy.  That in my eyes has got nothing to do with educational. It has also both claimed to be involved in sports betting – with visual references to sport in South Africa and Kenya.  While insisting it is not a gambling company

Affilgo

What is Affilgo?

Crowd1 affiliate site that members can generate money through the gaming companies that are participating, Crowd1 states it is not a gambling “business” but please read this and then decide for yourself

Miggster

Miggster is an online mobile game and social media games that members will have to access to.  That is all there is to the products that Crowd1 offers.

It all looks legit doesn’t it?  Well I am not finished yet.

Let’s have a look at those red flags.

Their terms and conditions.

I think any terms and conditions is a dreadful thing to read through, even for me.  But in my opinion, this is a must read if you are thinking of joining Crowd1.  Here is just a few that caught my eye.

For the Affiliates

Page 4 point 6

Here it states that Crowd1 reserves the right to cancel your account and no form of refund will be given to you.  So, in other words they can cancel your membership whenever they feel like it and any funds that is due to you, you now have lost.

Page 4 point 7

Crowd1 has the right to approve or deny the reactivation of an account.  And they can do so without giving reason.

Page 4 point 11

They do not accept any liability or has any legal responsibility for arising out of use, any services provided, interpretation, or acceptance, of any information available on their or any third-party website.  You have to agree to access their website at your own risk.  And that they don’t provide any legal warranty that information on their website is absolutely accurate and reliable.

You say what now?  How can you trust a website when its content is not accurate and reliable?  And in Crowd1’s case it is much worse seeing that people’s money is invested into it.

Proprietary rights in the website

In this they state that you may not use or download video, graphics, designs, text, pictures, applications, software and other files.  You may not modify, copy, distribute, frame, republish, post, transmit, download or sell in any form or by any means without prior written consent.  They will terminate the affiliates rights and any unpaid and future bonuses will be forfeited.

That makes me wonder how many people, advertising Crowd1 actually took time to read these terms and conditions.

Prohibition to advertise

I think this goes along with the above mentioned. you have to have written consent to advertise in any way, shape or form. This includes promotions of any kind or any advertising links on social forums, such as blogs, or other marketing methodology designed to promote Crowd1’s free membership.  Once again Crowd1 has the right to terminate the associated account, including any purchasing rights and/or owner rights.  Associates may not create their advertising or marketing material to promote Crowd1’s “products” and “services”.

Another warning against Crowd1.

The Department of Competition and Consumer Protection warned that the business model of Crowd1, show signs of a pyramid scheme.  They warned the public not to invest.

The South-African Reserve Bank (SARB) looking into Crowd1.

The SARB has been investigating Crowd1 for a month.  Looking specifically into whether it is a deposit-taking organisation.

The Prudential Authority decided to start investigating the group after receiving several complaints from the public regarding its activities in South-Africa.

Although the investigation is ongoing, the Prudential Authority which governs banking, says it has “not issued any licence in terms of a financial sector law or in terms of the financial Sector regulations Act.

They did not tell investors not to invest in Crowd1, but they gave a warning that people should be careful when it comes to investing in an unregulated company.

No investigation from the National Consumer Commission (NCC).

Crowd1, a Spanish company run by Swedes, claim to be a network marketing firm.  However, they rely on members constantly recruiting new members.  No product is being sold therefor is seen as a pyramid scheme.

However, if it is a pyramid scheme – which is illegal- the NCC has not even started an investigation.

Again, they state that they are selling “educational” packages, but if so, why have they been band by the bank of Namibia?

Crowd1 claims that it is not a pyramid scheme.  Given the negative feedbacks from a lot of people and countries, an inquiry by the NCC could clear this up, wouldn’t it?

BREAKING NEWS – 26 JUNE 2020

NCC TO INVESTIGATE CROWD1. https://www.algoafm.co.za/business/consumer-commission-to-investigate-crowd1

The National Consumers Commission has confirmed that it received its first complaint against the Business.

The NCC will now investigate the business to determine if there are grounds to launch a formal investigation.

June 21 2020 – Crowd1 warnings from regulators in South-Africa and Vietnam.

South-Africa

Members of the public is warned to be cautious when it comes to Crowd1.  Seeing that it is not an authorised financial service provider.

Vietnam

Vietnam’s Competition and consumer protection department has issued warnings against Crowd1.

Listing Terminated

As of June 12 2020, they removed Crowd1 from their company database given the fraud, scam and Ponzi warnings from top leaders in the direct selling industry as government institutions and regulators.

New Zealand

They are warning the public to exercise caution before dealing with Crowd1 and Impact Crowd Technology as they are not registe4red companies or financial service providers in N.Z.

Norway

The lottery Authority records that Crowd1 is being traded in a pyramid scheme.

Philippines

Information was given that an individual or group of pe4rsons representing Crowd1 Asia Pacific Inc (Crowd1) are enticing the public to invest their money in the said entity with the promise of high monetary rewards of profit.  Those who act as brokers, deale34rs or agents of the said entity may be held criminally liable under the section 28 of the SRC and penalized with a maximum fine of five million Pesos or imprisonment of twenty one (21) years or both pursuant to section 73 of the SRC (sec vs. Oudine Santos Gr no 195542, 19 March 2014).

SRC – The securities regulation code (Republic act no 8799) and other laws provide for the regulation of the issuance and trade of securities in the country.  The purpose for the code is to broaden participation of ownership, encourage the growth of capital markets and protects investors.</p>

Namibia

The core business activity of Crowd1 is to introduce new members of the public to its business practise.  Participants are encouraged to recruit new members through promises of bonuses and additional owner rights the primary source of income for Crowd1 is generated through the recruitment of new members.

Paraguay

The CNV identifies Crowd1 as a securities offering.  The regulator notes Crowd1 is not registered with the CNV and therefor operates illegally.  It is also illegal to promote unregistered securities.  Promoters of Crowd1 in Paraguay face up to three (3) years imprisonment or a fine.

Mauritius

The FSC hereby informs the public that Crowd1 and/or any individuals/representatives or promoter groups operating under this name are not and have not, at any point in time, been licensed and regulated by the FSC.

Withdrawal delays in Sweden

According to the Trijo News Crowd1 is months behind in payments to members in Sweden.  CEO says that this is due to the Corona Virus!  What?  You got to be kidding me, right?  Anyhow let’s carry on.  He responded to Trijo News that in fact it is true.  His reply on this was that their banking partners have problem with payments to bank accounts outside the SEPA area.

When he was asked how that could be possible, seeing that the country their sources are located, in fact is part of the SEPA (Single Euro Payment Area) area.  His answer to this was that he misunderstood the question.  I have no idea how he could have “misunderstand” a simple question like that.

Furthermore, the CEO Johan Stael von Holstein down plays his role in Crowd1.  In a follow up email, the CEO states “I have nothing or very little to do with Crowd1, and have no real insights into deals like that”.  He also states that he does not down play his role in Crowd1, he doesn’t play a part in THAT company.  He is the CEO of ICT (Impact Crowd Technology) who is taking over the brand.  In my opinion he is only saying this because of the payment issues.  After all, if you watch a C1 video or go on their Facebook page, the main person you will see is Johan Stael von Holstein.

Members very disappointed.

15 May 2020 Pay-outs

The members was very excited for their first pay date, but this was all shattered came the pay-outs.  Some of the members got as little as R7!  That after “investing” between R1800 and R2000.  You cannot even buy a bread with that money let alone feed a family.  But still they had hope for the next pay date.

15 June 2020 Pay-outs

After the disappointment of the first pay-outs in May.  I was carefully watching the excitement build up, people drinking campaign and counting their chickens before they have hatched.  I woke up this morning eager to see how the Crowd1 movement is coming along.

I have to say with all honesty that I feel for these people.  DISAPPOINTED AGAIN.  Some of the members comment goes something like this “I can’t be making R19 in six months”, “guys I’m in Titanium package, and 18 down liners(recruits)…I received only R24”.  Some of the members are selling their packages and, some are uttering the words “SCAM” and “PYRAMID SCHEMES”.

What blows my mind completely is that even with all this happening, some are still 100% behind them.  The people are now supposed to go and explain to the people they recruited why they got almost nothing.

So, who is to blame for this?  You never see any comments from the Founder or the CEO.  They just sit in their mansions, creating promotions, and stealing people’s money with all the empty promises.

The tell-tale signs of a pyramid scheme.

Pyramid schemes are unsustainable businesses that requires you to recruit other members to recover your joining fee.  In Crowd1 this can come from their fear of loss bonus.  In 14 days, the new member has to recruit at least 4 new members under them to qualify for the feat of loss bonus.

Emphasis on recruiting

If a program focuses solely on recruiting new members for a fee.

No genuine product or service is sold

Be careful if what is being sold as part of a business is hard to value, like so-called “tech” services or products.

Promises of high returns in a short period

Be sceptical of promises of high return in a short period of time.  That means commissions are being paid from the recruitment money of new members.

No demonstrated revenue from retail sales

When it comes to your hard-earned money feel free to ask to see documents, such as financial statements audited by a certified public accountant.  Showing that the company generates revenue from selling its products or services to people outside the program.

Differences between a legit Multi Level Marketing and a Pyramid Scheme

On the surface, it’s hard to tell the difference between a legitimate MLM and a pyramid scheme.

The main difference between a legitimate MLM business model and a pyramid scheme is that a legitimate MLM is focused on selling products and a pyramid scheme is all about recruiting new members. For more information on scams please follow this link https://williebrits.co.za/social-media-scams-and-how-to-spot-them/

pyramid scheme

In my opinion this Crowd1 is n virus.  It is draining the people’s livelihood, taking their money and feeling a damn about it.  Once the mountain falls, they will be long gone, and who is left behind?  I am going to ask you to please do all the research you can about Crowd1, and if you have no doubts at all then feel free to join.  But for me personally, I will never join Crowd1 nor will I advice anyone else to join.

14 thoughts on “Best advise on Crowd1- Pyramid Scheme or Not?”

  1. Baie dankie vir julle review van Crowd1. Rk wil net noem dat hier vele wan inligting gegee word. Geen konkrete feite word genoeg nie maar daar word getas na stooihalmpies in die lug. Indien dit is soos wat julle beweer dan is bykans 3 miljoen mense wêreldwyd seker aan die slaap. En ja daar is redes wat nie genoem word oor hkm Crowd1 in verskeie lande gestop of ondersoek word- plaas asb die korrekte inligting. En duidelik het julle nie Johan Staël von Holstein gaan opsoek nie. Goigke dit net!!!! Crowd1 sal sy 4de maatskappy wees wat hy op n aandelebeurs laat noteer. So man het n mens mos vertoue in. Geen software word verkoop nie. En Crowd1 voldoen aan Europese wetgewing met registrasie nommer ICC20160342. Hoofkantoor in Madrid Spanje en verskeie streeks kantore waarvan suid afrika sn in Nelson Mandela square in sandton is. Dit word nie genoem nie of kon julle dit ook nie opspoor nie?

    Groete

    1. Johan if crowd1 is such a big company why do you make such a big deal of it because it seems you want to attack us all the time when their is even worse blogs and videos about crowd1 out on the net. and we are a small page on the net.

      1. Company numbers in Spain look like this…Gascón Bernabéu S.L CIF “B54791819”, NOT ICC. The company is called Impact Crowd Technology S.L. and incorporated in June 2019. Less than 2m Euro in revenue and 1-9 employees. http://www.bmerv.es/docs/BMadrid/docsSubidos/GUIA_SALIR_BOLSA_eng-19_reducido.pdf – a guide to listing o the Bolsa de Madrid. Are they listing somewhere else? Which one please?

        I can’t find any country’s company number that starts with ICC. And just googling the company number only goes to the company’s own facebook pages. Nothing official. I mean, that’s a warning sign.

        So this guy….Johan Staël von Holstein, is a peach. Copy and paste from Wikipedia:
        Icon Media Lab CEO (first two years) – “In 2001 its shares plunged more than 98% from their early 2000 peak”. This is obviously during the dot.com bubble. “In December 2001 shares of the debt-ridden company were suspended from the Stockholm stock exchange.” Meaning that for every R1 you invested in that company, you got 2c back.

        LetsBuyIt.com chairman and founder – “LetsBuyIt floated on Germany’s Neuer Markt in July 2000, raising about US$60 million from a planned target of US$180 million in its initial public offering. … After deferring bankruptcy through 2001, on 4 March 2002 it declared bankruptcy.” Again dot.com bubble times. But, a SECOND bankruptcy in which investors LOST US$60m.

        IQube founder and CEO – founded in 2004, wound up in 2009 as the financial crisis hit. It was an ‘incubator’ that probably held stock in lots of start ups, which seemed valuable, attracting some investment. Again, this ‘let’s look for the unicorn’ thing…but not every company is a facebook. So, they held some shares in a company that eventually sold to Yahoo for $22m. But the financial crisis, again, made companies re-evaluate the actual value of these start ups and pull funding where no value was found.

        MyCube founder, chairman and CEO – founded 2008, raised $8m by 2011, then filed for voluntary liquidation in 2012. EVERY COMPANY THIS GUY TOUCHES EVAPORATES IN 2-4 YEARS ALONG WITH EVERYONE’S INVESTMENT.

        Crowd1, CEO – Again, from wikipedia…”In November 2019, Norway’s gaming and foundation authority, Lotteri- og stiftelsestilsynet, determined that Crowd1 operates with a pyramid structure to generate revenue.[15] In January 2020, in Burundi’s largest city Bujumbura, Crowd1 was raided and over 300 people arrested, 17 of whom were placed in custody for promoting Crowd1, described as a Ponzi scheme.[19][20] In Paraguay on 6 February 2020 the Comisión Nacional de Valores (CNV) issued a securities fraud warning against Crowd1, advising against investment. CNV identifies Crowd1 as an unregistered securities offering. Promoters of Crowd1 in Paraguay face up to three years imprisonment or a fine.[21] On 21 February 2020 the Bank of Namibia declared Crowd1 a pyramid scheme and warned the promoters to stop their activities immediately. The bank stated “Crowd1 does not sell tangible products or render any service of essential value, but the primary source of income for Crowd1 is the sale of membership packages to new members”.[22][23]”

        So I guess my question is why anyone would trust a man who seems to be able to raise funds, but also able to LOSE IT ALL, ALL THE TIME.

        Especially since the Ts and Cs of Crowd1 state that: https://crowd1.com/static/documents/TERMS_CONDITIONS-Crowd1-V008-04.23.2020.pdf

        Page 4…’6. I (“AFFILIATE PARTNER”, “AFFILIATED MEMBER”, hereinafter together be referred to
        as ‘AFFILIATE’) understand and agree that Crowd1.com reserves the right to cancel
        my account at its absolute discretion, and no form of refund will be due to me for
        whatever reason. I also agree and understand that I reserve the right to cancel my
        account by the terms stipulated in the TERMS & CONDITIONS page. I agree that
        deciding to terminate my ‘ACCOUNT’ entitles me to no form of credits or refunds for
        my used ‘EDUCATIONAL SERVICES’ or any other purchase or ‘ACCOUNT’.

        So he is LITERALLY telling you TO YOUR FACE, that you can invest $60m in his company, and he WILL TAKE YOUR MONEY, WHENEVER HE LIKES, with you having no recourse. “7. In addition, Crowd1.com, reserves the right to approve or deny the reactivation of a canceled account. Moreover, Crowd1.com is under no legal obligation to disclose reasoning for such denials.”

        Good luck fighting them in court. Of whichever jurisdiction they are in, since they also say that: “. Crowd1 is a brand that is wholly owned by Impact Crowd Technology S.L. (hereinafter referred to as “Company”). The Crowd1 website (crowd1.com) is an independent website providing information for online customers interested products and services through third-party suppliers.” In other words, the parent company can claim that Crowd1 was acting without its oversight. It’s not publicly listed, so the legislation relates to tax more than to transparency in governance structure. Also, good luck suing them in Spain. If you can afford it. They are betting you can’t, so you’ll just stay away. Remember, it’s not a company in South Africa, so the South African government can’t do anything for you.

        He’s also telling you to your face that you’ll make no money from this….
        “4. Information provided in any of the services provided by Crowd1.com is solely for educational purposes only. As such, no legal responsibility is assumed by us, and the accuracy or reliability of information, quotes, opinions, or advice that results from any of our services is absolutely not guaranteed. Every “SUBSCRIBER” assumes sole legal responsibility for his or her decisions to follow suggestions made in any of the services the services offered on Crowd1.com.
        5. Company, “Crowd1.com”, and any of our subsidiaries, do not guarantee or represent that any “AFFILIATE”, who follow any suggestions or advice given in any of our services, will be making profits.”

        I mean, I read the other pages too, and I’m bored in quarantine, so I kind of feel like building a flow chart for fun to explain at which stage you COULD, POTENTIALLY hope to make any money out of this. The answer is that at no point are you going to make money. You are investing in a company that literally doesn’t exist in South Africa. So, if you are legitimately investing here, you would need to buy shares of Impact Crowd Tech in Spain, but it’s private, so you can’t. In other words, you are paying for ‘educational services’ that are speculative and unproven…

        The fact that you can only sign up in Bitcoin is what should make you nervous as all hell. How many people actually know how bitcoin operates? Bitcoin is unregulated, uncontrolled by government. It exists and functions outside of the law. Doesn’t it feel weird to you to give your money to a person who asks you to do it in a way which no one can trace? Who else functions outside of the law? Perhaps…um, criminals and conmen?

        It doesn’t seem to bother anyone that the three partnership websites are all owned by the same ‘person’ in Cyprus? You cannot ‘partner’ with yourself….?

        But finally… and this made me laugh…..”on all 7 continents”. A recruitment drive in Antarctica? Well, that is ambitious. Also, since page 6 states that they can’t provide services to the following countries….”Antartica”. Bad news to those 20 scientists stationed there hoping their ship is about to come in. Also, they are banned from USA, so if you are hoping for that expansion drive….well, don’t hold your breath.

        “POLICIES & PROCEDURES
        We are unable to offer services to the following countries: *The list of restricted countries may be
        changed without prior notice if US or EU government authorities decide, or if an external supplier restricts
        activities in a jurisdiction, or if operational or risk assessments are made by Crowd1 management. If an
        Affiliate’s account is closed due to changed restrictions, the earned and accrued Rewards can be exchanged
        for real currency and sent to the Affiliate’s own bank account.
        ▪ American Samoa
        ▪ Antarctica
        ▪ Belarus
        ▪ Cuba
        ▪ Guam
        ▪ Islamic Republic of Iran
        ▪ Iraq
        ▪ Democratic People’s Republic of Korea
        ▪ Northern Mariana Islands
        ▪ Paraguay
        ▪ Puerto Rico
        ▪ Saint Barthélemy
        ▪ Saint Martin (French part)
        ▪ Sint Maarten (Dutch part)
        ▪ South Sudan
        ▪ Sudan
        ▪ Syria
        ▪ Timor-Leste
        ▪ USA
        ▪ United States Minor Outlying Islands
        ▪ Venezuela
        ▪ Virgin Islands, US
        ▪ Western Sahara

        PLEASE SAVE YOUR MONEY. DON’T TRUST THESE GUYS TO MAKE MONEY FOR YOU. These are desperate times and people need hope and ‘opportunity’. This is an opportunity for Jonas Werner and Johan van Holstein. They don’t care for you. They have made a great living selling hopes and living off those dreams. Just GOOGLE their entrepreneurial records and judge for yourself.

        1. Thank you so much for your comment on this. Yes i totally agree on all your points. And now it seems that in South Africa they are already having payment problems. People are confused on when the payment dates are. Some says that 3 weeks before the pay date of 18 May, they still have not received their visa cards as promised. There was suppose to be a live event last night, which members had to buy ticket for. But all of a sudden there was a “technical difficulty” and they had to be happy with a recorded version. So the main question is, are they going to be refunded for their tickets? I see that there is a payment problem in Sweden as well, where the CEO down plays his role in crowd1.

          1. (Verskoning, ek tik maar in Engels want dis soveel makliker as in Afrikaans…) What is shocking and deplorable is that, of course, as always, these mamparras prey on people when they are most vulnerable. With most world economies facing a deep recession, people who have very little now, and stand to lose everything in the future, will cling to the hope of this ‘opportunity’. My own aunt is so convinced that she’s fighting with my mother. Her own sister. The emotional buy-in is so strong that she’s willing to forsake her own sister’s advice (someone who only has her best interests at heart), for the advice of a complete stranger. I invest in GAFA stocks and Microsoft. Go and look at their investor relation pages for their annual results. Do you know what these companies sell? Of course you do! Go look at these three companies in the crowd1 group – they are pages that can be knocked up in two hours or less online. They say and sell NOTHING. I can’t code, but I can still see the financial results of a company that I invest in. Unhelpfully, most people that are ‘selling’ this to future ‘affiliates’ use terms like, ‘apps / internet…it’s the future’. Meaning they have literally no idea what this company does.

            It’s just one of many scams, and there are good stories to take lessons from.
            The private jet, the cars, the homes, the yacht, the multi-level, afilliate marketing, all from the same playbook….https://www.bbc.co.uk/news/stories-50435014
            Cryptoqueen: How this woman scammed the world, then vanished

            And many EXCELLENT documentaries on Netflix to do with pyramid schemes. Bernie Maddoff…..remember, a crook never looks like one….the “success” hides the truth so well.

        2. Please do proper research before writing your blog. I am a member of C1 and I am appalled by your allegations. I suggest you attend a Zoom call, hear for yourself and ask questions. 🙄

          1. Leonie Brits

            I am sorry you feel that way. But i can promise you my research was done correctly. If you followed all the links, you would have seen that. Thats why the blog was written, to many questions. with little answers. Please prove to me where exactly i got my details wrong? Then i will show you exactly where i got them from.

  2. Hey Leonie, Great Article! Very informative without being “Preachy” …Loved it.
    I just want to add that most (if not all,) of these guys were also involved in another scheme (much similar to Crowd1,) called Synkronice / Spinglo, which operated from 2009 to 2012.
    Johan Staël von Holstein was “Chief Visionary Officer” there.
    Jonas Eric Werner also held a very high position there.

    1. Good day. Thank you very much for your comment, it is very much appreciated.
      Have a great day
      Be blessed and stay safe

        1. I saw that payments was on the 15th of May. Sadly most members was dissapointed. It truly is sad seeing that they “invest” R1900 and get R7-R40. I had a feeling that would happen because the payments in Sweden was months behind.

  3. Radios and Tvs interviews was excellent about promoting crowd1, i think as a disappointment member would must know the truth enough

    1. That’s the thing about these “investments”. It’s all to good to be true. And sadly no one really does any research on crowd1. They just see the money they can make. Unfortunatly there is just to many red flags. In my opinion no one should invest in a “company” where the owners where involved in ponzi schemes. I feel sad for all the members that is losing their money.

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