last Updated on November 3, 2023
If you’ve heard of Crowd1 or Crowd1 Investment Platform and you really want to know if it is a legit investment platform or a scam, then you’re in the right place and you should read on.
There have been controversies surrounding Crowd1 for a couple of years now, with a lot of people proclaiming that the company is a scam. And as we know most network marketing companies really are a scam.
See: Is Telpecon Grant Legit or a Big Fat Scam?.
Crowd1 claims to be a crowd marketing platform that focuses on the gaming and gambling industry. However, the people who own the company or run the company are anonymous.
The company promises a high return on investment for people who would get involved and continue to stay involved which are its members and affiliates.
Also See: How to Report a Scammer Bank Account in Nigeria
While it is free to join Crowd1, you still need to purchase one of Crowd1’s packages to start making money from the platform.
However, Crowd1 has said that they aren’t an investment company, yet you need to pay (buy a package) to make money, in essence, an investment vehicle.
Is Crowd1 Investment Legit in Nigeria?
Hmm, everything points to the reason that Crowd1 is a scam, especially with the controversies that have surrounded the company.
In 2020, Crowd1 was accused of being a pyramid scheme by the Norwegian Lottery Authority. However, The lottery authority is yet to make an assessment of whether the platform is illegal or not, Crowd1 has been asked to explain its business model in more detail.
In the same year in Burundi, 17 people affiliated with involving Crowd1 were arrested for running a pyramid scheme which offered investors dividends for recruiting new investors.
The Bank of Namibia has asked that Crowd1 and its participants stop promoting the Ponzi scheme as it has no actual products.
Crowd1 Investment is just one of the many scam operations in Nigeria like the popular Binomo investment, Theobarth Grant, 86fb Football Investment Noderworks and so many others.
MLM or networking operations or companies like Crowd1 investment are rampant in Nigeria and have scammed billions off millions of Nigerians, so it’s always better to stay clear of so-called “investments” like these.
In essence, Crowd1 Investment is not a legitimate investment company that you can use to make money or improve your financial standing. Crowd1 disguises itself as a networking/affiliate marketing company but its main goal is to rip you off your hard-earned funds.
Once you buy a Crowd1 membership package to become a full-fledged member, you then have to find downlines to make any sort of money as a member.
This multi-level marketing operation isn’t in any way a legitimate investment, but a way to make money off unsuspecting investors.
For Instance, in late 2020, BBC Africa Eye dropped a bombshell. They uncovered a global scam network called Crowd1. The investigation named ‘Unmasking the Pyramid Kings – Crowd1 scam targets Africa‘ brought forward victims’ stories and unveiled the scheme’s inner workings. Quick to respond, Crowd1 disputed BBC’s findings, labelling them as false.
BBC’s expose also showed that Crowd1 had a keen interest in Nigeria and India. In Nigeria, Crowd1 seems to operate freely. Nearly two years post-investigation, Crowd1 has quietly but effectively launched its campaign in Nigeria.
There’s a coordinated effort on Facebook to promote Crowd1. This strategy deploys various tactics to market the pyramid scheme and entice unsuspecting individuals to invest. On Facebook, they’ve created over 20 pages impersonating trusted Nigerian media organizations. These pages share Crowd1 content, amassing thousands of followers who mistake them for genuine news sources. The page administrators remain hidden.
An analysis by Dubuwa in the past year revealed these fake Crowd1 pages made 667 posts on Facebook, gaining 235,018 interactions globally. Remarkably, 11% (78) of these posts came from pages administered primarily in Nigeria.
It’s possible for this scheme to attract these numbers because many users on Facebook believe these pages are genuine media handles. They promote Crowd1 enticing users with promises of doubling their investments in just a couple of hours.
One post even pledged double returns within an hour. Over 50 users expressed interest in the investment. They were then directed to WhatsApp chats with end-to-end encryption, keeping their conversations private.
Since 2020, numerous individuals have shared stories of being defrauded by Crowd1. Despite these testimonies, these ‘faceless’ Facebook pages continue to lure new victims, thriving without revealing their true identities.
While Facebook has yet to regulate these activities on its platform, several countries, including Paraguay, New Zealand, the Philippines, Vietnam, Mauritius, Burundi, Namibia, Gabon, and Ivory Coast, have banned Crowd1. This investigation casts doubts on Crowd1’s legitimacy, making it essential to approach this ‘investment’ with extreme caution
So the verdict is: Crowd1 is a scam operation and you’ll do well to stay away from it except you’re in the business of losing your money to frauds.
How Does Crowd1 Investment Work?
As we mentioned earlier, joining Crowd1 is free, but to start making money on the platform, you’ll need to become a member/affiliate.
Becoming an affiliated member of Crowd1 means you have to buy a starter package from the Crowd1 platform, and then go on to build your downlines or team which is the preferred lingo for the Crowd1 platform.
These are the packages from Crowd1 to become a member or an affiliate:
- White Package – €109
- Black Package – €299
- Gold Package – €799
- Titanium Package – €2499
So after purchasing one of these packages from Crowd1 how do you make money?
Well after thorough research into how the platform works, the only way we found to make money from crowd1 is by inviting other people to join Crowd1 as your downline.
So whenever someone joins as your downline, you make 12% of what they paid (the Crowd1 package they bought).
While crowd1 has other digital products, those products are of no use if you are not a Crowd1 member.
Also See: Is ARM Investment Legit? How does it Work?
How Does Crowd1 Make Money?
So you might be curious as to how Crowd1 makes money.
Well for starters, the platform makes money when users purchase any of their packages, which cost between €109 to €2499
The company also makes money when people buy their digital products which include gaming, education, and travel services. If you don’t wan to lose your money in Nigeria and you come across Crowd1, it will do you a world of good to stay away from them.
If you’re looking for a legit way to make residual or passive income in Nigeria then you should consider taking a look at genuine investment platforms in Nigeria.
You can also have a look at the top business ideas in Nigeria for anyone.
So if you’re considering investing in Crowd1, we’ll suggest you don’t as you’re most likely going to get scammed and it will end in tears.
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