If you are not following the digital Ponzi Scheme bubble, you might not have heard of CrowdRising.
If you are just hearing the name for the first time you are wont to think the supposed company could be a genuine innovative company that helps entreprenuer.
Sorry to burst your bubble! CrowdRising is just another another MMM Global copycat that pretty much copy the ‘Get Help-Provide Help Model.
Who Owns CrowdRising?
Doing a simple search on who might own CrowdRising (www.crowdrising.net), PageOne.ng Startup Desk found no one. The domain registration has been set to private.
This is the first red flag. Any company and or scheme that deals in financial services should be bold enough to make its identity and sponsors public. Anything short of that is a fraud and a disaster waiting to happen.
On its ‘about us’ page, there is nothing in the entire sophistry that says anything about the company that runs the scheme. If you are patient enough, please take a little time and read the usual copy and paste job:
CrowdRising is not a Company or a Business or a Corporation. The CrowdRising System is not owned by any one individual. CrowdRising is a semi-automated system created by 5 individuals, who are funding and Founding members, referred to as the 5 Horsemen.
The platform is made available World-Wide, free of charge. There are No Admin fees, No monthly fees, in fact, there are NO fees.
CrowdRising is a Person-To-Person Direct Funding Platform.
The system was designed in such a way that it can be used by Fundraisers, such as for Charities, Schools, Clubs, Churches, non-profits, family, and personal financial needs etc., etc. The donations are NOT collected by the Administrator, nor are they automated by the system, rather donations are sent directly and personally from one member to another member, from one member’s payment processor to another member’s payment processor.
Before you consider to send in a support ticket please go through the following material to confirm that you understand how the system works
Watch and share the following tutorials, which you will find on www.crowdrising.net before logging into your account, to learn how CrowdRising works, and how to set up your account. Be sure to ask your Referrer for help.
CrowdRising is just a Ponzi fraud that will hurt anyone who get involved in the scheme except the faceless people running the show.
There are no names, no pedigree, no registered address. Anyone who gets involved with it will be doing it at their own risk
We are of the opinion that most of these digital Ponzi Schemes are being run by ex and current MMM Global members who might have ‘stolen’ the source code of the scheme. They are using the code to create a copycat systems that are being branded as new Ponzi Schemes.