Introduction
While some enterprises operate with the utmost integrity and client-focused service, others are simply fraudulent entities that prey on unsuspecting victims.
One such entity that has gained notoriety for all the wrong reasons is Crown Global Ltd.
This review aims to shed light on the deceitful practices of this company and the inherent risks associated with it.
To help you make educated decisions, consider checking out our in-depth reviews of two other companies we have recently examined: Fiat Miner and NFTcast.press.
An Overview of Crown Global Ltd.
Crown Global Ltd is a supposedly online investment platform, claiming to offer lucrative monthly returns to its investors.
Emerging from the ruin of Crypto Crown, a Ponzi scheme that collapsed in 2022, Crown Global Ltd sprang to life with a new name but the same modus operandi.
Crown Global Ltd Homepage
The company operates its dubious activities via crownglobal.io, a website that provides little to no company information apart from a sign-up/login page.
Initial Investor Requirements
After coming across an email that was sent to Crypto Crown investors in order to prepare them to move onto the newly-branded platform, Crown Global, we found out something interesting:
Indeed, we learned that to participate in the scheme, prospective investors are required to cough up a hefty sum of $27,500, a significant increase from the initial investment demanded by Crypto Crown.
Red Flags of Crown Global Ltd.
Connection to a Previous Scam
Crown Global Ltd.’s connection to Crypto Crown, a known collapsed Ponzi scheme, cannot be overlooked.
The relaunching of the company under a new name and with higher investment demands is a common tactic among fraudulent entities.
Unfounded Promises of High Returns
The primary bait used by Crown Global Ltd is its promise of up to 22.5% monthly returns, much like its defunct predecessor, Crypto Crown.
To put this into perspective, Bernard Madoff’s infamous Ponzi scheme promised “only” around 10% annual returns.
Let’s apply some basic mathematics, shall we? Investing $10,000 with a 22.5% monthly return, we’d be looking at a cool $100,000 after a year, a whooping $1,300,000 after the 2nd year and a astronomical $15 million after 3 years. Sounds entirely legit, right?
The operations of Crown Global Ltd. are riddled with alarming signs that point to its illegitimacy.
Lack of Registration
Most crucially, Crown Global Ltd. is not registered to offer securities in any jurisdiction meaning it operates outside of any legal and regulatory oversight, a clear indication of potentially fraudulent activity.
Not only does Crown Global Ltd operate without any license, but it was also added to the Alberta Securities Commission‘s list of potential scams. Consequently, the Canadian Securities Administrators issued a notice alerting investors about them.
Absence of Transparency
The lack of transparency on the company’s website is another major concern. The website is a rudimentary login or sign-up page, with no company details, contact information, or clear explanation of its business model.
Conclusion
The combination of red flags presented by Crown Global Ltd. paints a clear picture of an investment scam.
The unrealistic return rates, the absence of transparency, the lack of regulatory oversight, and the ties to a previous Ponzi scheme all indicate a high-risk, fraudulent operation.
Investors are advised to steer clear of such entities and conduct thorough due diligence before committing any capital.
Got Scammed by Crown Global Ltd?
If you have lost money with Crown Global Ltd, stay calm. It has likely happened to many others, and it its important to learn from these experiences. Do not forget that even the most cautious investors can fall victim to online fraud.
The good news is that there is help available. The team at MyChargeBack – a specialist group dedicated to helping consumers recover funds lost online – can help you.
5 Simple Steps To Get A Chargeback From Crown Global Ltd
Follow our straightforward guide to efficiently reclaim your lost funds from Crown Global Ltd with minimal hassle.
- Complete the Form: Begin by completing the form above, providing necessary details about your case. This allows the team to understand your situation with Crown Global Ltd and prepare for the consultation.
- Get A Free Consultation: Schedule a free consultation with MyChargeBack team of experts. During this consultation, they will assess your case and offer guidance on the best course of action to recover your lost funds from Crown Global Ltd.
- In-Depth Case Analysis: As you proceed with MyChargeBack, their expert team conducts an in-depth analysis of your case, identifying the optimal chargeback strategy for fund recovery based on your unique circumstances.
- Recovery Process: Their team of specialists scrutinizes your case, collects evidence, and negotiates with the involved parties to expedite the recovery of your funds. MyChargeBack team will consistently communicate with you and your bank or card issuer during the chargeback process.
- Fee Payment: Upon successful recovery of your funds lost to Crown Global Ltd, MyChargeBack charges a fee as a percentage of the reclaimed amount. If fund recovery is unsuccessful, no fees apply, except in exceptionally complex cases.
Through these five straightforward steps, MyChargeBack simplifies the fund recovery process, enabling you to reclaim your money from Crown Global Ltd with minimal inconvenience.
FAQs
What is Crown Global Ltd.?
Crown Global Ltd. is an online investment platform known for its fraudulent activities. It is the rebranded version of Crypto Crown, a Ponzi scheme that collapsed in 2022.
How much does it cost to invest in Crown Global Ltd.?
The company requires a minimum investment of $27,500 from its investors.
What returns does Crown Global Ltd. promise?
Crown Global Ltd. promises its investors up to 22.5% monthly returns, which is highly unrealistic and indicative of a scam.
Is Crown Global Ltd. a registered company?
No, Crown Global Ltd. is not registered to offer securities in any jurisdiction, making its operations illegal and unregulated.
Why should I avoid investing in Crown Global Ltd.?
The company operates with a lack of transparency, promises unrealistic returns, is not registered with any regulatory body, and has ties to a known Ponzi scheme, making it a high-risk and potentially fraudulent entity.