BBC Africa Eye has premiered a documentary exposing Crowd1 as a pyramid cum failed Ponzi scheme.
Aware of the BBC’s upcoming documentary, Crowd1 executives have issued a non-response response video of their own.
BBC Africa Eye’s documentary
begins with an introduction to Crowd1, and follows through with investment into Crowd1’s €2499 Titanium package.
Full access to Crowd1’s “education package” pseudo-compliance provided about an hour and forty-five minutes of content, stolen verbatim from elsewhere on the internet.
With the education package nonsense disposed of, the documentary then moves onto what Crowd1 is actually about;
investing and collecting a passive return.
This begins with blowing open the ruses Crowd1 claims to generate external revenue from, one by one.
We’ve previously covered how Crowd1’s gaming links are a sham. BBC Africa Eye wrote to the same gaming companies and confirmed there was no partnership.
Miggster and Epic1 Lotto haven’t launched. The Crowd magazine is full of plagiarized content.
BBC Africa Eye tested Crowd1’s recently launched LifeTrnds booking engine, only to find the bookings were made through third-parties “booking.com” and Expedia.
Further research revealed LifeTrnds was just a white-labeled platform scouring deals from third-parties. Safer Africa is a white-labeled security service from PanicGuard LTD.
In short and as we’ve previously pointed out, Crowd1’s entire “product” catalogue is pseudo-compliance for the investment scheme.
And even that isn’t paying well. BBC Africa Eye’s first quarterly ROI payment amounted to €3.36 EUR. Remember, that off an initial €2499 investment.
BBC Africa Eye eventually concluded the real money in Crowd1 lies in recruitment. Or, as they put it, a “classic pyramid scheme”.
As part of their investigation, BBC Africa Eye put a list of question to Crowd1 management.
In their response to BBC Africa Eye’s findings, Crowd1 stated;
[46:00] Crowd1 is not a scam or pyramid scheme, and does not break any South African law.
It’s a legitimate network marketing company that offers products to its members, and enables them to earn money by marketing those products.
Crowd1 does not make money from recruitment but only from these sales.
Lars Johan Magnus Staël von Holstein denied being CEO of Crowd1, despite bountiful evidence to the contrary.
Jonas Werner denied involvement in SiteTalk/OPN, again despite there being plenty of evidence to the contrary. Werner also claimed he had nothing to do with OneCoin.
BBC Africa Eye concludes that Crowd1’s business model sees money stolen from victims and funneled into the hands of Johan Staël von Holstein and Jonas Werner. As well as promoters such as Udo Deppisch, Kenny Nordlund, Tor Anders Petteroe, Angelo Black, Masilo Mokone and Renze Deelstra.
Aware of BBC Africa Eye’s documentary, Crowd1 filmed its own response.
Titled simply “CROWD1 BBC response”, Crowd1’s video was uploaded to a random YouTube channel on November 1st, 2020.
🤖 Quick Answer
What did BBC Africa Eye's documentary reveal about Crowd1?BBC Africa Eye's documentary exposed Crowd1 as a pyramid and failed Ponzi scheme. The investigation examined Crowd1's €2499 Titanium investment package, its plagiarized education materials sourced from internet content, and systematically debunked the company's claimed external revenue sources underlying its passive income model.
How did Crowd1 respond to the BBC documentary?
Aware of the BBC's upcoming documentary premiere, Crowd1 executives released a response video. However, analysts characterized this as a non-substantive response that failed to address the specific allegations and evidence presented in the Africa Eye investigation regarding the scheme's structural failings.
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