- in Not Approved by Caroline So
Is Crowd1 A Scam? Investment Scheme With Multiple Fraud Warnings?
Welcome to My Crowd1 Review!
Warren Buffet once said: “Never depend on a single income,” and I couldn’t agree more.
No matter how stable or promising a job or business is, you’ll never know when it will last. Also, there are a lot of unexpected scenarios that will require cash and unless you have saved more than what you need, you might end up losing all your money in a snap.
Crowd1 Review Summary
Founders: Jonas Erick Werner
Product Type: Mobile Platform
Price: Starting From $100 To $2,800+ For The Investment
Quick Summary: Crowd1 is a make money opportunity that claims to help members start their dream business. It offers an investment program and a way to earn cash by recruiting people. It sounds interesting because of how it’s marketed but once you figure out what it’s really about, you’d be surprised!
Overall Rating: 1/10
That being said, looking for another source of income should not be an option rather a priority.
Luckily, there are many opportunities you can try online that will help you earn extra bucks. However, be sure to do a background check first to know if that certain opportunity is legit or not.
In this post, we will talk about one of the most overhyped mobile apps called Crowd1. Does this platform really offer endless opportunities? Can you make a business using this application and earn cash online? If these claims are true, then why is there a securities fraud warning against it?
What Is Crowd1 About?
Crowd1 was marketed as an “investment platform” that claims to help you “run your business without limitations.” But when you look at it, it looks more like a multi-level marketing (MLM) company because of its structure.
The concept is to make money by building a network of members who will invest in the platform, too. In simple terms, you will recruit people.
However, once you dig deeper into the platform, you’ll realize that Crowd1 is not an MLM program but more like a pyramid scheme in disguise. We’ll discuss more of that in a while; for now, let’s talk about the basics.
Officially launched in August 2019, Crowd1 is basically a platform that connects members to partnered online gambling platforms, AffilGo and Miggster. However, it was roughly introduced in January 2019 and those who have joined them during this time are called “pioneers.”
According to them, these pioneers will obtain benefits, such as having a share of the Crowd1’s future income.
When you go online, you’ll find several names involved so it’s kind of tricky to know who the real owner is.
According to an address in Cyprus, Stelios Piskopianos is the owner of Crowd1. He never mentioned the brand in his LinkedIn profile though. Rather, he was known as the financial director of AOS Fluency Limited and Northfield Petroleum Limited.
However, sources are suggesting that Jonas Erick Werner is the real owner of Crowd1 and Stelios is just the “fall guy.”
I wouldn’t be surprised if they will use another person to blame because the platform has a lot of loopholes and eventually, people will find out that it’s not as legit as it claims to be.
The other person who is allegedly also involved is Johan Staël von Holstein but it turned out that Werner was just paying him to be the face of the brand.
With a lot of uncertainties about this platform, here are some information about Crowd1:
- The owner of the mobile application and their “partnered” online gambling sites are the same. Werner owns Crowd1, Affilgo, and Miggster.
- Werner, who claims to have extensive experience with MLM companies, has been involved with pyramid schemes before, including Synkronice-Springlo, Opn-Sitetalk, and OneCoin -- a notorious scam.
Considering just this information, it’s enough for me to ignore this program and look for a legit platform instead.
Crowd1 Product Line
If it’s a legit networking company, it must have tangible or digital products to offer, such as eBooks. However, you cannot sell anything from Crowd1.
You will invest cash in the program so you can have access to their educational training products that would cover various topics, such as Funding And Marketing and Real Estate.
This also gives access to Miggster and AffilGo.
How To Make Money With Crowd1?
To start making money with Crowd1, you have to pay for the membership level and it costs around $100 up to $2,800+.
The idea is to invest as much cash as you can so you can get more “owner rights” share.
Like typical MLM companies (or should I say pyramid schemes), you’ll have to recruit people to join the platform. It uses a binary compensation plan so this means you have to sponsor individuals and put one person on each leg -- the left and the right.
You need to maintain these people so you can qualify for commissions.
To learn more about how a binary compensation plan works, you can watch the video below:
I will not bore you with the details of Crowd1’s compensation plan but basically, it’s all about inviting people to join the platform, paying for a higher level to get more owner rights to share, and encouraging your downline to do the same so you can earn more commissions.
There are no products to sell so if you cannot invite people, you won’t be able to make money here.
Also, unlike a legit MLM platform, you will receive direct compensation just by inviting people. This is already a red flag because according to the Federal Trade Commission (FTC), one sign of a pyramid scheme is that it promises large profits by simply “recruiting others to join their program.”
Now, if that’s not enough to make you think twice about the platform, I don’t know what else will.
Is Crowd1 A Scam?
I won’t directly say that Crowd1 is a scam but based on the information gathered, it’s the kind of program you should NOT trust, and here are the reasons why:
- Owner’s Involvement In Scams
Jonas Erick Werner, who’s allegedly the real owner of Crowd1, was a part of the most notorious schemes, such as Synkronice-Springlo, Opn-Sitetalk, and OneCoin. While this program is different, there’s no guarantee that he will not trick people into joining a scam again, especially since he’s involved in a fraud more than once.
- Paying People To Present The Brand
Brands usually pay people, such as influencers and celebrities, to endorse the brand, however, with Crowd1’s case, they’ve used various individuals to act as the owner or the fall guy.
I’m not going to wonder why because in less than a year, the platform has received various complaints and charges against them, and perhaps, the owner knew this would happen and he’s not man enough to face this.
- Expensive Fees
The capital for Crowd1 starts from $100 and can go as high as $2,800, and whether you have enough cash or not, this is not worth the price. You are getting yourself involved in an unstable business model so eventually, you will lose the cash you’ve invested.
If you’re a pioneer, there’s a chance for you to earn money because you’re at the top of the pyramid but what will happen if you and your members cannot recruit anymore? Also, if you’re a newbie and you can’t invite people to the platform, that means you’re not going to get anything even if you’ve invested on the most expensive level.
Not worth your time and money.
- Accused As Investment Fraud
Fraud warnings have against Crowd1 have been issued in several countries, such as New Zealand, the Philippines, Vietnam, and South Africa. It markets itself as an investment program but in reality, it’s a modus operandi to hide its real business model, which is through pyramiding.
As mentioned above, you’ll have to invest cash so you can have access to different platforms and training programs. The amount you invested will define your “owner rights” shares. So basically, the bigger expensive the level you’ve availed, the bigger the owner rights shares you get.
Here’s a breakdown of each investment:
- White Level (99 Euros or around $114)
- This will give you a hundred Euros worth owner rights shares.
- Black Level (299 Euros or around $399)
- This will give you a 300 Euros-worth owner rights shares.
- Gold Level (799 Euros or around $921)
- This will give you a 1000 Euros-worth owner rights shares.
- Titanium Level (2499 Euros or around $2881)
- This will give you a 3500 Euros-worth owner rights shares.
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Who Is It For?
I don’t recommend Crowd1 to anyone. There are too many red flags and even if the return is as big as promised, it’s hard to risk your time and money. If you’re serious about making cash online, there are legit platforms to choose from and sadly, Crowd1 is not one of them.
If you want to invest your money and make it grow even without anything, I suggest that you talk to your bank or a financial advisor.
While Crowd1 has not been officially flagged as a scam, I won’t think twice about skipping the program. It’s too good to be true but it’s not hard to see that it’s nothing but a waste of time. It promises big returns and for what? Just by recruiting people?
There may be a potential to earn money through this business model but usually, it won’t last. A lot of similar programs have been shut down because of this illegal operation. It’s not stable since there are no tangible or digital products to sell so I won’t be surprised if the money invested will go to waste.
So, do yourself a favor. Consider the red flags and invest your time and money on a program that you truly deserve.
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Thank you for reading my Crowd1 review. I hope this has enlightened you about which program to join or ignore. If you have questions or products that you want us to review, feel free to drop it in the comment box below.