On its website, Crypto Crown makes no mention of the company’s owners or executives.
The domain name (“crypto crowd. VIP”) for Crypto Crown’s website was privately registered on December 20, 2021.
According to the website’s Terms and Conditions, Crypto Crown describes itself as
Crypto Crown Inc., is a Canadian corporation subject to Canada Business Corporations Act regulation.
A UPS location in Ontario is where the company’s corporate address is located.
In reality, a search for Crypto Crown Inc. turns up a Canadian company that is registered.
For MLM due diligence, basic incorporation is often pointless, although it does provide us with the names Eric and Stephanie Madsen.
Despite not having a link on its website, Crypto Crown maintains a legitimate YouTube channel.
Various corporate presentations are broadcast on that channel and are hosted by Andrew Montague, a co-owner of Crypto Crown.
The other co-owner of Crypto Crown is revealed by Montague to be Madsen. Even though I can’t quite tell, it’s not Eric or Stephanie (Jens Madsen?).
Whoever it is, they are male and speak later in the video.
Regarding Crypto Crown, I couldn’t locate anything on Andrew Montague. This makes one wonder if Andrew Montague is also using a false identity.
Furthermore, I couldn’t uncover any further information about the Madsens. This alone creates questions when coupled with the UPS virtual address.
Always consider joining and/or giving any money to an MLM firm very carefully if it is not transparent about who owns or runs it.
Products from Crypto Crown
There are no resaleable goods or services offered by Crypto Crown.
Only the Crypto Crown affiliate membership itself may be promoted by affiliates.
Compensation Strategy for Crypto Crown
Affiliates of Crypto Crown put up $500 in exchange for monthly returns:
Over the first six months, 18.5%
For the following six months, 22.5%
The overall investment duration for each USD 500 investment is thirteen months when January is taken into account.
The first $500 investment is repaid after thirteen months.
Investments of $500 are divided into 480 “groups” by Crypto Crown.
All new investment contracts within a group earn an increased 22.5% ROI for the second thirteen-month period if 95% of investments in that group are reinvested.
Each $500 invested is charged an additional $50 to cover referral commissions that are paid via the MLM opportunity offered by Crypto Crown.
On the investments made by and profits given to affiliates who have been recruited, Crypto Crown’s MLM division pays.
Advisory Commissions
Crypto Crown gives referral rewards for hires made at lower levels than two (unilevel).
The Green in the picture above denotes level 1. These are associates that I directly recruited.
Level 2 is depicted by the third line in blue. These are affiliates that your level 1 affiliates have brought on board.
Your ability to find affiliates is unrestricted, thus your green line might hypothetically grow to an endless width across.
A USD 25 referral commission is given for each USD 550 investment made on levels 1 or 2 of your unilevel team.
Recurring Commissions
Additionally, Crypto Crown provides residual commissions for the first two levels of hiring.
On each $550 USDT investment, residual commissions are paid as a proportion of the monthly returns:
Throughout the first six months of investing, returns are paid out as a $4.63 monthly residual commission.
Returns received during the next six months of investing pay a monthly residual commission of $6.25.
It looks to be free to sign up for affiliate membership with Crypto Crown.
The connected income opportunity requires a minimum commitment of $500 to be fully engaged. This brings the overall minimum cost of participation to $550 when added to the $550 fee.
Investment in tether (USDT) and USD Coin is sought by Crypto Crown (USDC).
Crypto Crown Summary
According to Crypto Crown, invested cryptocurrency is fed to “the trader.”
According to the slide above, this plan is known as “Royalty Trading,” and it is carried out by a trader who is “licensed, incorporated” and has a “proven track record.”
The official marketing presentation for the corporation expands on this further:
Despite all the rhetoric of openness, Crypto Crown doesn’t provide any information about its trader that can be independently verified.
Despite this, the business asserts that the merchant
is “licensed and credible”
an “established track record”
the term “high performance”
has been operating for six years and is situated in Canada.
The FTC Act could have been broken by Crypto Crown just from a marketing perspective because of their lack of transparency.
Let’s instead focus on securities fraud, a much more serious regulatory infraction.
The $500 investment request from Crypto Crown is made with the promise of passive monthly profits. Because of this, Crypto Crown must register with financial authorities as a securities offering.
The incorporation of Crypto Crown Inc. does not equate to filing paperwork with financial authorities.
Registering with financial regulators would result in Crypto Crown delivering audited financial reports in addition to being a necessity to operate legally in Canada and internationally.
The only way to confirm that Crypto Crown is truly trading is through this method.
The corporation is lending itself to Crypto Crown, which is not paying returns from trade.
By failing to register with financial regulators, failing to give regulators and customers verifiable information about its trading activities, failing to give customers any information about the ownership of the company and its trading history, and committing securities fraud in cryptocurrency, it is virtually impossible for eventual victims of the scheme to recover any money.
The trading claims made by Crypto Crown also fail the Ponzi logic test.
According to Crypto Crown, their trading has a track record of success dating back six years. When a little sum is invested and grows over six years at a rate of 22.5% per month, it becomes extremely wealthy.
Who on Earth is offering access to so much cash for only $500 per person?
Right now, fresh investments are the sole provable source of income for Crypto Crown.
Crypto Crown is a Ponzi scam since it pays monthly returns using new investments. The MLM part of the firm adds a further pyramid layer while having no discernible retail product.
As with all MLM Ponzi scams, the fresh investment will cease as soon as affiliate recruiting does.
As a result, Crypto Crown won’t be able to make its monthly returns, which will ultimately cause its demise.
The mathematics behind Ponzi schemes ensures that when they fail, the majority of investors lose money.
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On its website, Crypto Crown makes no mention of the company’s owners or executives.
The domain name (“crypto crowd. VIP”) for Crypto Crown’s website was privately registered on December 20, 2021.
According to the website’s Terms and Conditions, Crypto Crown describes itself as
Crypto Crown Inc., is a Canadian corporation subject to Canada Business Corporations Act regulation.
A UPS location in Ontario is where the company’s corporate address is located.
In reality, a search for Crypto Crown Inc. turns up a Canadian company that is registered.
For MLM due diligence, basic incorporation is often pointless, although it does provide us with the names Eric and Stephanie Madsen.
Despite not having a link on its website, Crypto Crown maintains a legitimate YouTube channel.
Various corporate presentations are broadcast on that channel and are hosted by Andrew Montague, a co-owner of Crypto Crown.
The other co-owner of Crypto Crown is revealed by Montague to be Madsen. Even though I can’t quite tell, it’s not Eric or Stephanie (Jens Madsen?).
Whoever it is, they are male and speak later in the video.
Regarding Crypto Crown, I couldn’t locate anything on Andrew Montague. This makes one wonder if Andrew Montague is also using a false identity.
Furthermore, I couldn’t uncover any further information about the Madsens. This alone creates questions when coupled with the UPS virtual address.
Always consider joining and/or giving any money to an MLM firm very carefully if it is not transparent about who owns or runs it.
Products from Crypto Crown
There are no resaleable goods or services offered by Crypto Crown.
Only the Crypto Crown affiliate membership itself may be promoted by affiliates.
Compensation Strategy for Crypto Crown
Affiliates of Crypto Crown put up $500 in exchange for monthly returns:
Over the first six months, 18.5%
For the following six months, 22.5%
The overall investment duration for each USD 500 investment is thirteen months when January is taken into account.
The first $500 investment is repaid after thirteen months.
Investments of $500 are divided into 480 “groups” by Crypto Crown.
All new investment contracts within a group earn an increased 22.5% ROI for the second thirteen-month period if 95% of investments in that group are reinvested.
Each $500 invested is charged an additional $50 to cover referral commissions that are paid via the MLM opportunity offered by Crypto Crown.
On the investments made by and profits given to affiliates who have been recruited, Crypto Crown’s MLM division pays.
Advisory Commissions
Crypto Crown gives referral rewards for hires made at lower levels than two (unilevel).
The Green in the picture above denotes level 1. These are associates that I directly recruited.
Level 2 is depicted by the third line in blue. These are affiliates that your level 1 affiliates have brought on board.
Your ability to find affiliates is unrestricted, thus your green line might hypothetically grow to an endless width across.
A USD 25 referral commission is given for each USD 550 investment made on levels 1 or 2 of your unilevel team.
Recurring Commissions
Additionally, Crypto Crown provides residual commissions for the first two levels of hiring.
On each $550 USDT investment, residual commissions are paid as a proportion of the monthly returns:
Throughout the first six months of investing, returns are paid out as a $4.63 monthly residual commission.
Returns received during the next six months of investing pay a monthly residual commission of $6.25.
It looks to be free to sign up for affiliate membership with Crypto Crown.
The connected income opportunity requires a minimum commitment of $500 to be fully engaged. This brings the overall minimum cost of participation to $550 when added to the $550 fee.
Investment in tether (USDT) and USD Coin is sought by Crypto Crown (USDC).
Crypto Crown Summary
According to Crypto Crown, invested cryptocurrency is fed to “the trader.”
According to the slide above, this plan is known as “Royalty Trading,” and it is carried out by a trader who is “licensed, incorporated” and has a “proven track record.”
The official marketing presentation for the corporation expands on this further:
Despite all the rhetoric of openness, Crypto Crown doesn’t provide any information about its trader that can be independently verified.
Despite this, the business asserts that the merchant
is “licensed and credible”
an “established track record”
the term “high performance”
has been operating for six years and is situated in Canada.
The FTC Act could have been broken by Crypto Crown just from a marketing perspective because of their lack of transparency.
Let’s instead focus on securities fraud, a much more serious regulatory infraction.
The $500 investment request from Crypto Crown is made with the promise of passive monthly profits. Because of this, Crypto Crown must register with financial authorities as a securities offering.
The incorporation of Crypto Crown Inc. does not equate to filing paperwork with financial authorities.
Registering with financial regulators would result in Crypto Crown delivering audited financial reports in addition to being a necessity to operate legally in Canada and internationally.
The only way to confirm that Crypto Crown is truly trading is through this method.
The corporation is lending itself to Crypto Crown, which is not paying returns from trade.
By failing to register with financial regulators, failing to give regulators and customers verifiable information about its trading activities, failing to give customers any information about the ownership of the company and its trading history, and committing securities fraud in cryptocurrency, it is virtually impossible for eventual victims of the scheme to recover any money.
The trading claims made by Crypto Crown also fail the Ponzi logic test.
According to Crypto Crown, their trading has a track record of success dating back six years. When a little sum is invested and grows over six years at a rate of 22.5% per month, it becomes extremely wealthy.
Who on Earth is offering access to so much cash for only $500 per person?
Right now, fresh investments are the sole provable source of income for Crypto Crown.
Crypto Crown is a Ponzi scam since it pays monthly returns using new investments. The MLM part of the firm adds a further pyramid layer while having no discernible retail product.
As with all MLM Ponzi scams, the fresh investment will cease as soon as affiliate recruiting does.
As a result, Crypto Crown won’t be able to make its monthly returns, which will ultimately cause its demise.
The mathematics behind Ponzi schemes ensures that when they fail, the majority of investors lose money.