Crazy Crypto Club provides no information about who owns or runs the business.
Crazy Crypto Club’s website domain (“crazycryptoclub.com”) was privately registered on November 7th, 2019.
As stated on Crazy Crypto Club’s website FAQ;
Where Are The Owners From?
We Are USA Residents.
This lead me to Crazy Crypto Club’s official Facebook group, of which there are four admins; Gina Cosentino, Veronica Knight, Edwin Cabrera and Paul D. Corrao.
Perusal of Gina Cosentino’s personal Facebook page reveals promotion of a number of cryptocurrency Ponzi schemes.
A visit to Veronica Knight’s Facebook page revealed promotion of a gifting scheme (literally posted 15 mins before I checked):
Edwin Cabrera voices marketing videos featured on Crazy Crypto Club’s website.
On his Facebook page Cabrera claims to be a “7 figure earner”. Earlier this month he was promoting R Network.
According to his YouTube channel Paul Corrao mans Crazy Crypto Club’s official support email.
Three months ago Corrao was busy promoting mail-based gifting schemes.
Read on for a full review of Crazy Crypto Club’s MLM opportunity.
Crazy Crypto Club’s Products
Crazy Crypto Club has no retailable products or services, with affiliates only able to market Crazy Crypto Club affiliate membership itself.
Once signed up, Crazy Crypto Club affiliates can purchase matrix cycler positions.
Bundled with each position purchase are ad credits, which can be used to display advertising to other Crazy Crypto Club affiliates.
Crazy Crypto Club’s Compensation Plan
Crazy Crypto Club offers participation in eleven matrix cyclers.
Matrix sizes used in Crazy Crypto Club’s cyclers are 2×2 and 2×3.
A 2×2 matrix places an affiliate at the top of a matrix with two positions directly under them:
These two positions form the first level of the matrix. The second level of the matrix is generated by splitting each of these two positions into another two positions each (4 positions).
A 2×3 matrix expands a 2×2 matrix by one more level (8 positions), for a total of 14 positions.
Positions in either matrix are filled when new and existing Crazy Crypto Club affiliates purchase positions.
When all positions in a matrix are filled, a cycle commission is paid out.
With those definitions in mind, here’s a run down of Crazy Crypto Club’s eleven matrix cycler tiers.
Matrix One
Matrix One is a ten-tier 2×3 matrix cycler in which positions cost $5.
- Board One pays $10 and cycles into Board Two
- Board Two pays $20 and cycles into Board Three
- Board Three pays $40 and cycles into Board Four
- Board Four pays $80 and cycles into Board Five
- Board Five pays $160 and cycles into Board Six
- Board Six pays $320 and cycles into Board Seven
- Board Seven pays $640 and cycles into Board Eight
- Board Eight pays $1280 and cycles into Board Nine
- Board Nine pays $2560 and cycles into Board Ten
- Board Ten pays $12,800
A direct referral commission is also paid when a personally recruited affiliate enters any Matrix One tier.
- level 1 pays a $1.25 direct referral commission
- level 2 pays a $2.50 direct referral commission
- level 3 pays a $5 direct referral commission
- level 4 pays a $10 direct referral commission
- level 5 pays a $20 direct referral commission
- level 6 pays a $40 direct referral commission
- level 7 pays an $80 direct referral commission
- level 8 pays a $160 direct referral commission
- level 9 pays a $320 direct referral commission
- level 10 pays a $640 direct referral commission
Beginners Club PF and Beginners Club
Beginners Club PF and Beginners Club are 2×3 matrix cyclers in which positions cost $1.
Upon completion, a $4 cycle commission is paid out and a new $1 cycler position is created.
Each time a personally recruited affiliate purchases a Beginners Club PF or Beginners Club position, a 25 cent direct referral commission is also paid out.
CF $2 and PF $2
CF $2 and PF $2 are 2×2 matrix cyclers in which positions cost $2.
Upon completion, a $3 cycle commission is paid out and a new $2 cycler position is created.
Each time a personally recruited affiliate purchases a CF $2 or PF $2 position, a 50 cent direct referral commission is paid out.
CF $5 and PF $5
CF $5 and PF $5 are 2×2 matrix cyclers in which positions cost $5.
Upon completion, a $7.50 cycle commission is paid out and a new $5 cycler position is created.
Each time a personally recruited affiliate purchases a CF $5 or PF $5 position, a $1.25 direct referral commission is also paid out.
CF $20 and PF $20
CF $20 and PF $20 are 2×2 matrix cyclers in which positions cost $20.
Upon completion, a $30 cycle commission is paid out and a new $20 cycler position is created.
Each time a personally recruited affiliate purchases a CF $20 or PF $20 position, a $5 direct referral commission is also paid out.
Note that to participate in CF $20 and PF $20, positions in the $1, $2 and $5 cycler tiers must be purchased first.
CF $100 and PF $100
CF $100 and PF $100 are 2×2 matrix cyclers in which positions cost $100.
Upon completion, a $150 cycle commission is paid out and a new $100 cycler position is created.
Each time a personally recruited affiliate purchases a CF$100 or PF $100 position, a $25 direct referral commission is also paid out.
Note that to participate in CF $100 and PF $100, positions in the $1, $2, $5 and $20 cycler tiers must be purchased first.
Joining Crazy Crypto Club
Crazy Crypto Club affiliate membership is free.
Participation in the company’s offered cyclers starts at $1.
Full participation in Crazy Crypto Club’s income opportunity costs $261.
Note that all payments within Crazy Crypto Club are made in bitcoin.
Conclusion
Crazy Crypto Club is a simple adcredit cycler Ponzi scheme. Simple being a relative term.
While the basic premise behind Crazy Crypto Club is simple enough (invest funds, steal money from people who join after you), there’s nothing simple about the company’s ten-tier cycler mess.
The reason for so many cyclers is simple though, and that’s for the admins to steal as much money from as many people across as many matrix tiers as possible.
All cycler Ponzi schemes collapse once recruitment slows down. Thus the more cyclers you have going at any given time, the more you can steal before the inevitable collapse.
With respect to Crazy Crypto Club being a Ponzi cycler, the company falls back on including adcredits with position purchases.
Is This A “Pyramid Scheme”?
Absolutely Not! You are buying ad slots. This is 100% legal.
It should be obvious that adding adcredits to a Ponzi scheme doesn’t change the fact it’s a Ponzi scheme.
If you need regulatory confirmation though, the SEC addressed this scam defense back in 2016.
As with all MLM Ponzi schemes, once affiliate recruitment dies down so too will new investment.
This will starve Crazy Crypto Club of new investment, eventually prompting a collapse.
Being a cycler, any funds trapped in uncycled matrices are kept by Crazy Crypto Club’s admins.
That’s on top of Crazy Crypto Club’s admins receiving the lion’s share of invested funds, both by way of increasing cycler tier costs and preloaded admin positions.
Are There Any Refunds?
No.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.