Miggster has been “bought” by Crowd1 from Ponzi partner Emerge Gaming.
Nibiru e-Gaming AB will purchase Miggster for AUD 5 million (USD 3.75 million) under a deal concluded in early March.
Crowd1’s continued efforts to legalize investment fraud with associated products and services included Miggster.
Crowd1 made its debut in 2019 with a gambling ruse. That went down in early 2020 when a supposed gaming partner acknowledged it had nothing to do with Crowd1.
Ponzi from Crowd1 “the applications” was next. It was Crowd1 “the products” Ponzi a few months later.
Crowd1 then returned to the app concept. Johan Stael von Holstein and his Spanish shell business Tecnologia de Impacto Multiple S.L. were at the center of it all.
Emerge Gaming announced in a press release in October 2020 that pre-registration for MIGGSTER Mobile has begun.
MIGGSTER Mobile is a mobile eSports platform that incorporates Emerge’s platform technology, as well as new and improved features including community competition.
This launch follows Emerge’s recent deal with Tecnologia de Impacto Multiple S.L. throughout Europe.
Greg Stevens, the CEO and Executive Director of Emerge Gaming, is an Australian ASX-listed firm.
The launch of Miggster came and went.
Affiliates of Crowd1 had joined up for a passive investment program, and for the most part, they were uninterested in a mobile game firm.
Crowd1 had moved on to cryptocurrency fraud by early 2021, leaving Miggster to stagnate. Emerge Gaming continues to operate the site by the terms of whatever financial arrangement it had with Crowd1.
Another Crowd1 shell firm, Nibiru e-Gaming AB, was established in Sweden through Impact Crowd Technology.
Impact Crowd Technology is a shell business based in Spain that is led by CEO Johan Westerdahl (right).
Crowd1’s Chief Commercial Officer is Westerdahl. After Johan Stael von Holstein cashed out and bailed Crowd1 out in late 2020, he had a brief time as CEO (shortly after Miggster launched).
Miggster is expected to continue to struggle in the future. Crowd1’s move to crypto fraud resulted in the establishment of Planet IX, which was also handled by Nibiru e-Gaming.
Planet IX was not what Crowd1 affiliates expected, thus it has also come to a halt.
Digital Partners Network was Crowd1’s most recent and successful launch. Crowd1’s initial “owner’s rights shares” Ponzi strategy was quite similar to these virtual shares.
Crowd1 naturally cashed out after pulling in investors and messed them off.
Miggster’s popularity is expected to dwindle in the future.
Russia (33 percent), Italy (19 percent), and Ukraine are the major sources of traffic to Miggster’s website, according to Alexa (13 percent ). Russia is also the country with the most visitors to Crowd1’s website (23 percent ).
According to the Australian Financial Review, Emerge Gaming’s collaboration with Crowd1 accounted for 98 percent of its revenue.
Aside from the $5 million Miggster buyouts, Emerge Gaming has a total of AUD 22 million in Crowd1 funds. Proceeds from the Ponzi fraud perpetrated by Crowd1.
The shares of Emerge Gaming have been off the market since December, pending the Crowd1 Miggster acquisition.
In the year 2020, the Australian Stock Exchange opened an inquiry into Emerge Gaming’s Crowd1 collaboration.
So yet, nothing has happened as a result of it. Because Australian authorities have a dismal track record of policing MLM-related securities fraud, the probe is unlikely to yield any results.
Jonas Werner, a Swedish national, runs Crowd1 (right). Werner travels back and forth between Dubai and Sweden.
Don’t expect anything to happen in Dubai, which is the world’s MLM fraud capital. Unfortunately, Sweden has shown little interest in pursuing Crowd1 or Werner.
Bhutan, Nepal, Russia, Peru, New Zealand, Mauritius, South Africa, the Philippines, Norway, Namibia, Paraguay, Gabon, Vietnam, Cote d’Ivoire, Slovakia, Hungary, and the Czech Republic are among the countries that have taken regulatory action against Crowd1.