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Crowd1 Pyramid Scheme

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  1. #1

    Join Date
    Nov 2017
    Posts
    65

    Crowd1 Pyramid Scheme

    Anyone heard of this?

    I'm trying to get it into one of my friend's head that it is just another example of a pyramid scheme.


  2. #2

    Join Date
    Nov 2008
    Posts
    4,335

    With a name like "Crowd1 Pyramid Scheme" I would assume the name alone would be a decent clue it's a pyramid thing.

    greenmark and jgl like this.

  3. #3

    Join Date
    Oct 2006
    Location
    Hong Kong
    Posts
    13,960

    what is this? I am intrigued. Is it a quick way to make money?

    Rob2020 likes this.

  4. #4

    Join Date
    Aug 2012
    Location
    Location Location
    Posts
    830
    Quote Original Post:
    With a name like "Crowd1 Pyramid Scheme" I would assume the name alone would be a decent clue it's a pyramid thing.


    Rob2020 likes this.

  5. #5

    Join Date
    Nov 2017
    Posts
    65
    Quote Original Post:
    With a name like "Crowd1 Pyramid Scheme" I would assume the name alone would be a decent clue it's a pyramid thing.

    Lol, sarcasm noted. Obviously it's just called Crowd1. I just can't believe people fall for this crap. And it's always the people that can't really afford to lose money. These scammers will probably make a lot of money now out of the desperation after the virus. >

  6. #6

    Join Date
    Nov 2019
    Posts
    456
    Run your business without limitations

    Members are rewarded from the success of both internal and external concepts thanks to the critical mass of the users.

    The most distinct and disruptive contribution is the leverage of the crowd and share economy. We offer a unique business proposition with the intention to sell other companies’ digital products.
    Sounds very scammy indeed. I found this on another site:
    Edit 1 (December 3rd, 2019):Crowd1 is under investigation for securities fraud in Norway which is predictable.This is usually the first step in a series of events that leads to a crash.STAY AWAY FROM CROWD1.Edit 2 (February 22nd, 2020): Crowd1 is banned from Namibia and anyone promoting it there can go to jail and/or be fined.
    Edit 3 (April 29th, 2020): Crowd1 is banned in the Philippines and anyone promoting it there can go to jail for 21 years and/or be fined.
    jgl and traineeinvestor like this.

  7. #7

    Join Date
    Sep 2018
    Posts
    239

    I can't really work out what their actual product is, but it seems like it's an MLM which sells a "product" but the main objective is to recruit more sales people.

    There are many such schemes about like Young Living and Herbalife. They are very popular in HK due to the culture of connectedness.

    https://en.m.wikipedia.org/wiki/Multi-level_marketing


  8. #8

    Join Date
    Dec 2018
    Posts
    1,227

    I spent a few minutes poking around their website and saw a lot of empty buzzwords and drivel but couldn't see a single mention of a specific product.

    Hint for anyone wanting to promote anything: a black background makes most websites look like amateur rubbish (as well as being harder to read).


  9. #9

    Join Date
    Aug 2009
    Posts
    2,351

    this actually looks like Onecoin

    https://www.bbc.com/news/stories-50435014