Crypto Crown Ponzi collapses, reboots as Crown World Ltd

The Crypto Crown Ponzi scheme has collapsed.

As per an e-mail despatched out again in June, Crypto Crown was rebooted as Crown World Ltd.

The most important change between Crypto Crown and Crown World is that new traders are required to speculate $27,500.

That is up from Crypto Crown’s $500, and tells you a large number about how determined issues are.

I’m unsure when it went down however Crypto Crown operated from the web site area “cryptocrown.vip”). Right this moment a go to to that area returns a clean web page.

Crown World Ltd operates from “crownglobal.io”, privately registered on June 14th, 2022.

A go to to Crown World Ltd’s web site reveals its nothing greater than an affiliate login/sign-up web page:

As per an e-mail despatched out from “Crypto Crown Inc.” to traders on June twenty third;

There was a number of modifications to the platform:

1. All of the Royalty Buying and selling members will likely be moved to a brand new platform. It’ll be referred to as Crown World Ltd. The brand new area and e-mail will likely be shared after the transition.
2. CCI will nonetheless be out there however just for the members that had been a part of the unique program referred to as Launchpad/EnjinStarer will be capable of entry it [sic].
3. There will likely be an annual membership payment of $75 for all Royalty Buying and selling members.
4. All new members should buy a minimal of fifty items ($27,500 USDT/USDC) as a way to safe their account.

Each Crypto Crown and Crown World Ltd pitch an 18.5% ROI within the first six months. That is adopted by 22.5% over the six months after that.

An connected MLM compensation plan pays on recruitment of affiliate traders.

Crown World Ltd is run by means of a sequence of Canadian shell corporations. Whether or not the scammers behind the Ponzi scheme are primarily based in Canada is unclear.

SimilarWeb tracked 26,000 visits to Crown World Ltd’s web site in September, 17,000 in October and 36,000 in November.

The vast majority of site visitors originates from the US (29%), adopted by France (17%), Spain (14%) and Indonesia (14%).

Crown World Ltd will not be registered to supply securities in any jurisdiction. Which means, at a minimal, Crown World Ltd and its promoters are committing securities fraud.

BehindMLM maintains that MLM corporations committing securities fraud are Ponzi schemes.

Whole Crypto Crown sufferer numbers and losses stay unknown. Pending Crown World Ltd’s second collapse, we’ll preserve you posted.