Crowd1 now selling shares in new UK shell company

Crowd1’s virtual shares scheme has come full-circle, with the Ponzi scheme now spruiking virtual shares in a UK shell company.

Crowd1 launched in mid 2019. The
original Ponzi concept
was affiliates investing in “owner rights” for virtual shares.

Since then Crowd1 has launched one ruse after another, in an attempt to convince affiliates their virtual shares were worth something.

Crowd1’s owner rights have consistently paid peanuts. Clearly most of the money pumped into the scheme has been retained by its owners.

This culminated in former Crowd1 CEO Johan Stael von Holstein
cashing out and doing a runner
in December 2020.

Prior to disappearing, Holstein spent 2020 pitching a
‘3 to 5-year plan to bring Crowd1 into the NASDAQ and become a publicly-traded company.’

For most of 2021 Crowd1 has been drifting along. None of the company’s previously launched ruses have generated any significant profit.

Crowd1’s latest ruse was an attempt to cash in on the short-lived NFT fad.

Planet IX
was announced back in April. It went nowhere and has been quickly forgotten about.

Now Crowd1 is pitching “shares in a UK PLC for future value creation”.

PLC stands for “public limited company”. As of yet Crowd1 hasn’t revealed the company name.

UK as the selected shell company jurisdiction shouldn’t come as a surprise. Companies House has been s
ynonymous with corporate fraud
for years.

So the pitch goes, at some point Crowd1 affiliates will be able to worthless “ownership shares”, for equally worthless virtual company shares.

As per the marketing, the “share swap (is) planned for June/July 2021”. Interestingly, Crowd1 is also pitching their new ruse as a tax loophole.

The primary reason Crowd1 wouldn’t want affiliates to report taxable income is because it’s a Ponzi scheme.

Believing a virtual shares scheme “avoid(s) any tax issues” is a risk Crowd1’s affiliates take without any legal support from the company.

What’s amusing about Crowd1’s new share opportunity is that, on paper, it’s no different to failed virtual ownership scheme.

As above, you’ve got the same failed ruses being touted as providing “increasing value”.

EBITDA stands for “earnings before interest, taxes, depreciation, and amortization”. 35% of EBITDA will be set aside to pay Crowd1 affiliates who have invested in virtual shares.

The kicker is we 
already
know these ventures aren’t generating profit, because historically Crowd1’s ownership shares have paid peanuts.

This is the same failed investment scheme, repackaged to pitch to new investors.

Soliciting new investment is Crowd1’s only significant source of revenue – and has been since day one.

Looking further down the track, Crowd1 is pitching its own stock trading platform as “Multiwallet”.

Presumably this will be run through the yet to be launched UK shell company. Or it could just be run illegally, with Crowd1 who knows.

What we do know is none of this will be launched with Crowd1’s own company name.

To date Crowd1 has

🤖 Quick Answer

What is Crowd1's virtual shares scheme?

Why did Crowd1's former CEO leave the company?
Johan Stael von Holstein, Crowd1's former CEO, ceased operations and departed in December 2020. Prior to his departure, he promoted a plan to take Crowd1 public on NASDAQ within three to five years, which never materialized.

How has Crowd1 evolved its business model?
After initial virtual share offerings, Crowd1 introduced successive schemes attempting to justify share valuations. The company eventually pivoted to promoting shares in a UK shell company, representing a continuation of its core Pon

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