The Crypto Crown Ponzi scheme has collapsed.
As per an electronic mail despatched out again in June, Crypto Crown was rebooted as Crown International Ltd.
The largest change between Crypto Crown and Crown International is that new buyers are required to take a position $27,500.
That is up from Crypto Crown’s $500, and tells you a large number about how determined issues are.
I’m undecided when it went down however Crypto Crown operated from the web site area “cryptocrown.vip”). Immediately a go to to that area returns a clean web page.
Crown International Ltd operates from “crownglobal.io”, privately registered on June 14th, 2022.
A go to to Crown International Ltd’s web site reveals its nothing greater than an affiliate login/sign-up web page:
As per an electronic mail despatched out from “Crypto Crown Inc.” to buyers on June twenty third;
There was a couple of modifications to the platform:
- All of the Royalty Buying and selling members shall be moved to a brand new platform. It’ll be known as Crown International Ltd. The brand new area and electronic mail shall be shared after the transition.
- CCI will nonetheless be obtainable however just for the members that have been a part of the unique program known as Launchpad/EnjinStarer will have the ability to entry it [sic].
- There shall be an annual membership payment of $75 for all Royalty Buying and selling members.
- All new members should buy a minimal of fifty items ($27,500 USDT/USDC) with the intention to safe their account.
Each Crypto Crown and Crown International Ltd pitch an 18.5% ROI within the first six months. That is adopted by 22.5% over the six months after that.
An hooked up MLM compensation plan pays on recruitment of affiliate buyers.
Crown International Ltd is run by way of a sequence of Canadian shell firms. Whether or not the scammers behind the Ponzi scheme are primarily based in Canada is unclear.
SimilarWeb tracked 26,000 visits to Crown International Ltd’s web site in September, 17,000 in October and 36,000 in November.
The vast majority of site visitors originates from the US (29%), adopted by France (17%), Spain (14%) and Indonesia (14%).
Crown International Ltd shouldn’t be registered to supply securities in any jurisdiction. Because of this, at a minimal, Crown International Ltd and its promoters are committing securities fraud.
BehindMLM maintains that MLM firms committing securities fraud are Ponzi schemes.
Complete Crypto Crown sufferer numbers and losses stay unknown. Pending Crown International Ltd’s second collapse, we’ll hold you posted.
