Thread by @iamkoshiek, Crowd1 - An easy way to lose money [Thread] No surprise, my [...]

Crowd1 - An easy way to lose money [Thread]

No surprise, my DMs are usually crowded with gorgeous brunettes... but this afternoon (after scrolling through thirstraps) I received this!

"More people you recruit = money money you earn" Wait, isn& #39;t this how religion works? (don& #39;t crucify me).

Step 1: Find out what& #39;s being sold & trace the parent company

Plenty of HOT key words here

- acquired by European company (Impact Crowd Tech)
- library of products, apps & services
- developing countries
- core business isn& #39;t to recruit new affiliates BUT OFFER DIGITAL SERVICES

Hold on - they don& #39;t actually sell any digital products, they market them

What the actual fuck are you marketing?

When you dig deeper, two sites come up
- AffilGo (online gambling)
-Miggster (mobile gaming)

(we& #39;re already down a rabbit hole & it& #39;s getting darker)

So it looks like two sites are partners to Crowd1... except, they& #39;re not really partners. One person owns all 3 sites.

Stelios doesn& #39;t disclose any of his affiliations with these companies. He also owns a Dubai training company (Grithub) where you buy Gold, Silver & Bronze plans

Answer is simple- visit the actual offices in Dubai. Wait, it& #39;s registered to an accounting firm called MORE

*Enter Mr. Renz*

Renz is a high ranking Crowd1 guy who invites anyone to come visit. He& #39;s probably tired of DMs from big booty huns since he& #39;s a ghost (no social media)

So there& #39;s a dude named "Bizfriend Jack" who decides to go & visit Mr. Renz. This sounds like a mediocre movie script by an Afda film student.

Bizfriend Jack makes YouTube videos promoting Crowd1. So he pitches up to the office & it& #39;s empty! No headquarters - no big deal right?

So far we have no physical headquarters, a dude who owns all the affiliate sites & no actual product.

If there is no product - you ARE the product.

With Crowd1 you can buy packages. A package is essentially a place in the pyramid. More expensive package, higher up you go.

If it& #39;s so fucking amazing, why do you have Crowd1 people phoning you up asking you to join?

Simple - if you don& #39;t join, they can& #39;t make money.

You have to move up the pyramid. Every time you recruit someone, you& #39;re essentially building out the base of the pyramid larger.

Instead of soaking up time on OnlyFans - go & watch "Betting on Zero". It& #39;s about the Bill Ackman& #39;s short on Herbalife (Netflix)

What& #39;s the difference between MLM & a pyramid scheme?

Very loosely, if there& #39;s no product being sold - it& #39;s a pyramid scheme

Oh & Herbalife is a con

Herbalife paid the Federal Trade Commission (FTC) a $200m fine in 2016 for cheating junior salespeople through multi-level marketing (MLM)

Herbalife argue you can make a living selling God-awful shakes. Truth is, very few people do. Most people will lose their initial investment

Another pro-tip:

If ANYTHING requires an "upfront investment" to sell - it means the actual product is not strong enough to sell itself.

You& #39;re PAYING to become a sales person? Really?

You& #39;re only paying so the person above you in the pyramid can get paid!

What about the money that Miggster & Affilgo generate? Surely those will be paid back to me?

Oh sure! There& #39;s a small problem though... Miggster & Affilgo aren& #39;t launched. They make no money & they aren& #39;t operational.

There is NO product. I repeat. There is no fucking product.

Surely someone has already realized this already?

Yes. MANY people.

- Crowd1 is being investigated for securities fraud in Norway
- Crowd1 is banned in Namibia
- Crowd1 is BANNED in the Philippines (can get you 21 yrs in jail)

(Philippines jails are rough, don& #39;t do it)

Here& #39;s the best part of the thread:

Crowd1 claims to follow the strictest demands of legal regulations and work with established auditing and law firms

Except Crowd1 hasn& #39;t hired a legal person yet. They also don& #39;t have a CFO. Rich dad/ poor dad Twitter - swing your CVs across!

@FSCA_ZA please consider this an official submission for the investigation into Crowd1 in SA via public complaint

- All earnings are generated solely through recruitment of new individuals
- Clear lack of corporate governance

(I will fill in any additional motivating paperwork)

Sources:

1. Is Crowd1 a scam?
https://theaffiliatedoctor.com/is-crowd1-a-scam-read-this-first-before-investing/

2.">https://theaffiliatedoctor.com/is-crowd1... Who actually owns Crowd1?
https://badisaboikanyo.co.za/who-is-crowd1s-founder/

3.">https://badisaboikanyo.co.za/who-is-cr... Link to Impact Crowd Technology
https://impactct.com/

4.">https://impactct.com/">... Miggster
https://miggster.com/

5.">https://miggster.com/">... Affilgo
https://affilgo.com/

6.">https://affilgo.com/">... Crowd1
https://crowd1.com/about ">https://crowd1.com/about&quo...

Impact Crowd Technology | Home

Striving for digital equality.

https://theaffiliatedoctor.com/is-crowd1-a-scam-read-this-first-before-investing/

Lastly, this scheme (Crowd1) targets the most vulnerable & desperate of our people. It& #39;s money people simply can& #39;t afford to lose and it& #39;s up to us to stop it.

@FSCA_ZA - I trust you will do the right thing here. I& #39;m happy to quarterback the submission on behalf of the public.

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