Mense moenie uitmis op hierdie fantastiese promosie en company nie! Ek is deel van hulle en nie een dag spyt nie! Kontak my nou om ook deel te word van Crowd 1! Impossible is nothing!
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Crowd1, a get-rich-quick operation that appears to be hugely successful in South Africa, has been banned from Namibia.
On Friday the Bank of Namibia (BON) declared Crowd1’s operations to be an undesirable practice, which in terms of that country’s laws could mean a R1 million fine or 10 years in prison for anyone who continues to promote it.
“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,” the BON said – describing, without ever using the words a classic pyramid or Ponzi scheme.
The organisation’s model is not sustainable, the BON said, “and will result in members of the public, especially those at the bottom of the scheme, losing their money.”
The BON ordered participants to immediately stop operations.
Crowd1 operates via mobile apps available in the Apple and Google Play Stores. Those solicit euro-denominated payments ranging from the equivalent of R1,600 up to more than R40,000 for top-end “packages”, which then apparently makes members eligible to receive part of the sign-up payments of new members they recruit. (In one of many possible complex scenarios, anyone who signs up four more people for the cheapest package within 14 days of joining is promised an immediate R2,000 bonus.)
What, exactly, Crowd1 supposedly does to earn money changes from explanation to explanation.
It has claimed to sell software created by foreign developers, so cutting out Google and Facebook as advertisers, but there is no sign that it does so at any significant scale. 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.
In South Africa Crowd1 representatives have said that it offers “a business everyone will understand” and described that as a business model tailored for the network economy and crowd thinking” – seemingly without any further detail or explanation.
On its website, the organisation seems to suggest that it is building an audience for future, undefined crowdfunding opportunities, and will act only as an education provider and filter for cases where “opportunity knocks”.
Crowd1 advertised a head office in Spain and has a registered corporate presence in Cyprus, but much of its publicity is first created in Russian.
It is not clear how much money South Africans have at stake in Crowd1, but the scale of its operations – and the source of its web traffic – suggest very large amounts.
Crowd1 recently launched operations in the Philippines and in Turkey, and has sought to establish itself in other parts of Africa as well as South America. But according to an estimate from Alexa, a unit of Amazon, its website drew nearly 30% of its traffic from South Africa over the last 30 days. The second biggest source of visitors was Russia, at 8.5% of the total.
According to a Crowd1 video on youtjoep, it drew 10,000 people to its South African launch in November.
Chriszelda Steyn turned off commenting for this post.
People people people, if you still think Crowd 1 is a scam, i’ve got news for you! I’ve made big bucks already and going to make much much more December! If you wanna no more, send me a whatsapp!
Mense mense mense, as jy nog steeds dink dat Crowd 1 ‘n bedrogspul is, dan het ek nuus vir jou! Ek het al groot geld verdien en gaan baie meer Desember verdien! Stuur vir my ‘n WhatsApp as jy wil weet hoe!
South Africans are easy targets and for many fakebook users, very little happens outside of this realm. Another reason why they are so gullible is that the average IQ of the country is borderline at 77, and they won’t rather loose money to a scammer than invest in their own education, even if it means doing online research on the matter. Their own Consumer Protector has very little power to protect the less fortunate from highly intelligent scammers.
Despite various main stream media reports, the Rise of the Moron still believes it is not a scam and will show you plenty of videos to “prove” their belief and continues to recruit more pyramid builders.
As Bradley Carneson of Edinvale, Johannesburg responded to our reports via Fakebook Messenger,
“Hi there I understand you have your own opinion of crowd 1 which I fully understand. But if you have a problem about something I post message me personally so we can put fact against fact … not opinion vs fact”
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