The Crypto Crown Ponzi scheme has collapsed.
As per an e-mail despatched out again in June, Crypto Crown was rebooted as Crown World Ltd.
The largest change between Crypto Crown and Crown World is that new traders are required to take a position $27,500.
That is up from Crypto Crown’s $500, and tells you numerous about how determined issues are.
I’m unsure when it went down however Crypto Crown operated from the web site area “cryptocrown.vip”). At present a go to to that area returns a clean web page.
Crown World Ltd operates from “crownglobal.io”, privately registered on June 14th, 2022.
A go to to Crown World Ltd’s web site reveals its nothing greater than an affiliate login/sign-up web page:
As per an e-mail despatched out from “Crypto Crown Inc.” to traders on June twenty third;
There was a number of modifications to the platform:
- All of the Royalty Buying and selling members will probably be moved to a brand new platform. It’ll be referred to as Crown World Ltd. The brand new area and e-mail will probably be shared after the transition.
- CCI will nonetheless be out there however just for the members that have been a part of the unique program referred to as Launchpad/EnjinStarer will be capable to entry it [sic].
- There will probably 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 World Ltd pitch an 18.5% ROI within the first six months. That is adopted by 22.5% over the six months after that.
An connected MLM compensation plan pays on recruitment of affiliate traders.
Crown World 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 World 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 World Ltd shouldn’t be registered to supply securities in any jurisdiction. Because of this, at a minimal, Crown World Ltd and its promoters are committing securities fraud.
BehindMLM maintains that MLM firms committing securities fraud are Ponzi schemes.
Whole Crypto Crown sufferer numbers and losses stay unknown. Pending Crown World Ltd’s second collapse, we’ll maintain you posted.