Crown Global has received a securities fraud warning from Canada.
On February 3rd the Alberta Securities Commission added Crown Global to its
Investment Caution List
.
As per the ASC’s website, companies on the list
are not registered with the ASC and that appear to be engaging in activities that either require registration under Alberta securities laws or may be investment scams.
This is the equivalent of a securities fraud warning in other jurisdictions.
Crown Global
is a reboot of the collapsed
Crypto Crown
Ponzi scheme.
Crown Global solicits $27,500 investments on the promise of 18.5% a month for the first six months, and then 22.5% a month over another six months.
SimilarWeb tracked an increase in Crown Global traffic between November (36,200) and December (57,800), but overall recruitment outside of the UK appears to have collapsed.
As of December 2022, traffic to Crypto Crown’s website originated from the US (30%, down 20% month on month), the UK (21%, up 45% month on month), Spain (16%, down 15% month on month) and France (15%, down 31% month on month).
Crypto Crown was tied to Canada through
Crypto Crown Inc.
, a Canadian shell company registered through a UPS address.
Following Crypto Crown’s collapse, Crypto Crown Inc. was dissolved in October 2022. A search for Crown Global turned up no results.
Whether Crown Global is actually being run out of Canada remains unclear. In any event, Canadian regulators have taken notice of the rebooted Ponzi scheme.
Whether that leads to further action against Crown Global remains to be seen.
Footnote:
While a link to ASC’s Investment Caution List is provided in this article, Crown Global might not appear on the list if you’re reading this well past publication date (months/years).
🤖 Quick Answer
What is Crown Global and why was it added to Alberta's Investment Caution List?Crown Global, a reboot of the collapsed Crypto Crown Ponzi scheme, was added to Alberta Securities Commission's Investment Caution List on February 3rd. The company operates without ASC registration and solicits $27,500 investments promising unrealistic monthly returns of 18.5% for six months, then 22.5% subsequently, characteristics indicating potential investment fraud.
What are the promised returns offered by Crown Global to investors?
Crown Global solicits investments of $27,500 with promised returns of 18.5% monthly during the first six months, followed by 22.5% monthly returns over an additional six-month period. These rates significantly exceed legitimate market returns and constitute a key indicator of fraudulent investment schemes.
How did Crown Global's online traffic evolve recently?
According to SimilarWeb
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