75:
22:
388:
In
November 2020, Staël von Holstein claimed not to be the CEO of Crowd1 but of the parent company Impact Crowd Technology, as well as of Tecnología de Impacto Multiple SL which was "the sole provider of Crowd1 products". He announced in December 2020 that he was leaving his CEO position, and ending
340:
on 6 February 2020 the Comisión
Nacional de Valores (CNV) issued a securities fraud warning against Crowd1, advising against investment. CNV identified Crowd1 as an unregistered securities offering. Promoters of Crowd1 in Paraguay faced up to three years imprisonment or a fine. On 21 February 2020
245:
Group to found Icon
Medialab together with Jesper Jos Olsson, Erik Wickström, and Magnus Lindahl.. The company went public in 1999 and continued rapid expansion with a US$ 70 million investment into the Asian market in 2000. At its peak the company had over 3,000 employees in 32 offices in cities
198:
for several years. He was the marketing director of
Kinnevik's TV channel Z-TV, and then became the CEO of the start-up teletext company InTV (Interactive television). Staël von Holstein was vice president of Inlux, in Luxemburg, and then went on to become responsible for Banque Invik's sales and
361:
Ministry of the
Economy and Finance warned against the activities of Crowd1, stating that "these services are akin to pyramid scam systems in network marketing in which the profit does not come from the sales activity but from the recruitment of new members. Thus, only the designers of the said
246:
around the globe. In 2001 its shares plunged more than 98% from their early 2000 peak and it axed around 500 jobs. In
December 2001 shares of the debt-ridden company were suspended from the Stockholm stock exchange. The company was merged with rival Dutch web company Lost Boys in a
537:
373:’s Competition and Consumer Protection Department issued a warning against the activities of Crowd1, stating that "these operations were likely to be pyramid schemes and were prohibited according to the established regulations". In July 2020 the government of
349:
and warned the promoters to stop their activities immediately. The bank stated "Crowd1 does not sell tangible products or render any service of essential value, but the primary source of income for Crowd1 is the sale of membership packages to new members".
545:
1067:
262:
In 1998 Staël von
Holstein founded LetsBuyIt, an online price comparison platform that enabled its users to share, compare, and buy various products. LetsBuyIt floated on Germany's
511:
266:
in July 2000, raising about US$ 60 million from a planned target of US$ 180 million in its initial public offering. It sought protection under the Dutch
Bankruptcy Code (
160:
he worked as a travel guide in the French and
Austrian alps, and in Spain. At the age of 24 he was in a car accident and had to use a wheelchair for three months.
568:
389:
all connections with Crowd1, for health reasons. Twelve countries had issued securities fraud warnings about Crowd 1 but they did not include Sweden or Spain.
1189:
357:
Securities and
Exchange Commission (SEC) directed Crowd1 Asia Pacific to stop its “fraudulent” investing-taking activities immediately . On 1 June 2020 the
171:, Stockholm University, majoring in marketing management. In an interview in 2012, he claimed that he had bribed his way into Stockholm Business School.
206:
together with Jesper Jos Olsson, Erik Wickström, and Magnus Lindahl. In 1998 he was included on a list of 12 "Global Leaders of Tomorrow" published by
832:
363:
862:
144:
company Crowd1, which has been identified as an illegal pyramid scheme in a number of countries. As of December 2020 he claims to have left Crowd1.
967:
310:
company Crowd1, on the company's official YouTube channel as well as in a message sent to the members of the marketing network at the end of 2019.
605:
1019:
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888:
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42:
940:
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Staël von Holstein founded MyCube in 2008. MyCube raised over US$ 8 million in funds in May 2011, then in August 2012 filed for
1354:
1349:
1145:
1297:
1359:
1241:
1094:
1339:
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added Crowd1 and Impact Crowd Technology to its warning list due to concerns they may be involved in or operating a scam.
329:, Crowd1 was raided and over 300 people arrested, 17 of whom were placed in custody for promoting Crowd1, described as a
38:
34:
582:
377:
banned Crowd1 from operation in Côte d'Ivoire, determining its sales system to be a Ponzi scheme. On 3 December 2020
314:
573:
207:
378:
168:
638:
385:, issued a securities fraud warning on the activities of Crowd1 Network Ltd and Impact Crowd Technology S.L.
840:
512:"Johan Staël von Holstein förlorade allt i kraschen – men han ångrar ingenting: "Sverige blev ett paradis""
267:
1334:
690:
454:
157:
307:
156:. He lived in Spain between the ages of 2 and 8, after which his family moved back to Sweden. After his
141:
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to form a new Dutch-based company under CEO Rens Buchwaldt, and re-capitalized through a £12.4 million
128:(born Johan Bjers, 5 May 1963) is a Swedish entrepreneur, venture capitalist and author who co-founded
615:
374:
1329:
610:
458:
270:) in December of the same year. After deferring bankruptcy through 2001, on 4 March 2002 it declared
424:
224:
778:
216:
1270:
1211:
1275:
1068:"New Zealand FMA adds Crowd1 and Impact Crowd Technology S.L. and others to its warning list"
1020:"Namibia just banned the Crowd1 get-rich-quick scheme as a pyramid. SA is its biggest market"
247:
1044:
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382:
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systems derived the benefits to the detriment of members." On 5 June 2020 the New Zealand
342:
164:
129:
755:
484:
346:
318:
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He was an independent, right-wing columnist for the Stockholm edition of the newspaper
1323:
975:
865:[Johan Staël von Holstein identified in a giant pyramid game]. Oisín Cantwell
664:
202:
At the end of 1995, Staël von Holstein left Kinnevik to found the web design company
1047:(in French). Libreville, Gabon: Ministère de l’Economie et des Finances. 1 June 2020
182:, Spain, and has previously lived in Holland, Thailand, Singapore, and Switzerland.
330:
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In 2019, Staël von Holstein was identified as the Chief Executive Officer of the
999:(in Spanish). Asunción, Paraguay: Comisión Nacional de Valores. 26 February 2020
695:
354:
295:
242:
191:
137:
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480:"Förlorade miljarder och hånades under it-kraschen – fick rätt 20 år senare"
326:
915:"Major network marketing company Crowd1 accused of being a pyramid scheme"
805:
337:
283:
175:
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105:
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Staël von Holstein began his career at the media and investment company
1172:"Côte d'Ivoire: Voici pourquoi QNET et Crowd1 sont désormais interdits"
578:
370:
322:
21:
968:"Regulating Cryptocurrencies In Africa And China – Where Are We Now?"
179:
1095:"SEC orders CROWD1 to stop illegal investment scheme Inquirer.net"
406:
Ibisom, David (28 April 2008). "Sweden's Enterprise Evangelists".
358:
286:, with Staël von Holstein's entire scheme described as "a fraud".
31:
may have been created or edited in return for undisclosed payments
889:"Nektet for å være sjef i pyramidespill – så kom nyttårshilsenen"
282:
In 2004, Staël von Holstein started IQube, but by 2009 IQube was
996:
15:
163:
He returned to Sweden, and studied information technology at
863:"Johan Staël von Holstein pekas ut i gigantiskt pyramidspel"
313:
In November 2019, Norway's gaming and foundation authority,
1242:"Emerge Gaming (ASX:EM1) share price sees explosive growth"
747:
37:. It may require cleanup to comply with Knowledge (XXG)'s
941:"17 linked to Burundi 'get-rich-quick' schemes arrested"
1298:"Johan Stael von Holstein abandons Crowd1, on the run?"
1192:. Bratislava: Národná banka Slovenska. 3 December 2020
1126:. Windhoek, Namibia: Bank of Namibia. 21 February 2020
1121:"Outcome of the Investigation: Crowd1 Network Limited"
691:"Letsbuyit.com to meet with bankruptcy in the wings"
1146:"Warning issued about online multi-level marketing"
806:"Swedish business incubator Iqube closes its doors"
113:
84:
65:
720:"Jobs go after LetsBuyIt axes Swedish operation"
241:At the end of 1995, Staël von Holstein left the
215:He moved back to Stockholm in 2004 to start the
174:He is married and has two children. He lives in
966:Sylla, Aissatou; Lou, Ying (26 February 2020).
887:Jordheim, Hans Mortensønn (18 January 2020).
274:. Its staff had been reduced from 450 to 25.
167:for a time. In 1989, he began his studies at
8:
947:. African News Agency (ANA). 17 January 2020
833:"Facebook challenger MyCube ends operations"
419:
417:
1221:. Perth, WA: Emerge Gaming. 3 November 2020
569:"S'pore 'a best place for start-ups today'"
425:"Han har 6 miljoner säljare i sitt nätverk"
505:
503:
73:
62:
882:
880:
779:"Så blev Staël von Holstein rik på Iqube"
448:
446:
321:to generate revenue. In January 2020, in
317:, determined that Crowd1 operated with a
997:"Advertencia para el publico en general"
79:Staël von Holstein at an awards function
1271:"Han lämnar Crowd1: "För mycket press""
1190:"NBS warning about the CROWD1 platform"
398:
1264:
1262:
1093:Dumlao-Abadilla, Doris (18 May 2020).
637:MacMillan, Gordon (20 December 2001).
606:"Staël von Holstein kickad från Metro"
140:in Sweden. He has been the CEO of the
1269:Wisterberg, Erik (11 December 2020).
639:"Icon Medialab merges with Lost Boys"
604:Helander, Magnus (17 December 2008).
7:
1018:de Wet, Phillip (24 February 2020).
126:Lars Johan Magnus Staël von Holstein
89:Lars Johan Magnus Staël von Holstein
804:Savage, James (11 September 2009).
718:Vaughan-Adams, Liz (5 March 2002).
33:, a violation of Knowledge (XXG)'s
777:Hermele, Bernt (20 October 2009).
453:Byttner, Karl-Johan (4 May 2012).
14:
1240:Mather, Daryl (26 October 2020).
1066:Bogdanova, Steffy (5 June 2020).
510:Ekström, Johanna (4 March 2020).
20:
831:Kwang, Kevin (27 August 2012).
567:Oh, Boon Ping (22 March 2009).
152:Staël von Holstein was born in
136:and LetsBuyIt during the early
748:"Neuer Markt's Birthday Blues"
455:"Jag har haft rätt hela tiden"
315:Lotteri- og stiftelsestilsynet
1:
1024:Business Insider South Africa
895:(in Norwegian). Oslo, Norway
538:"Global Leaders of Tomorrow"
1345:Stockholm University alumni
364:Financial Markets Authority
1376:
1178:(in French). 13 July 2020.
1101:. Makati City, Philippines
488:(in Swedish). 9 March 2020
381:, the central bank of the
1099:Philippine Daily Inquirer
665:"Letsbuyit finds saviour"
536:Buss, Dale (April 2008).
169:Stockholm Business School
72:
699:. Beijing. 2 August 2001
199:credit card operations.
67:Johan Staël von Holstein
785:(in Swedish). Stockholm
379:Národná banka Slovenska
1355:Swedish businesspeople
1350:Lynn University alumni
1045:"Communiqué de presse"
1360:Swedish male bloggers
1212:"Market announcement"
1152:. Hanoi. 18 June 2020
308:multi-level marketing
296:voluntary liquidation
142:multi-level marketing
43:neutral point of view
1340:People from Halmstad
548:on 24 November 2009
353:On 12 May 2020 the
1304:. 11 December 2020
945:Independent Online
574:The Business Times
345:declared Crowd1 a
217:business incubator
1276:Svenska Dagbladet
843:on 5 October 2016
671:. 25 January 2001
585:on 9 October 2012
319:pyramid structure
268:Faillissementswet
130:dot-com companies
123:
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839:. Archived from
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810:The Local Sweden
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614:. Archived from
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581:. Archived from
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544:. Archived from
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325:'s largest city
248:reverse takeover
232:Entrepreneurship
158:military service
102:
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39:content policies
24:
16:
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921:. 17 April 2020
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758:. 11 March 2002
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725:The Independent
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618:on 19 July 2011
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542:Chief Executive
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408:Financial Times
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383:Slovak Republic
343:Bank of Namibia
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209:Chief Executive
188:
165:Lund University
150:
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68:
55:
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41:, particularly
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756:Deutsche Welle
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559:
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485:Dagens Nyheter
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457:(in Swedish).
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347:pyramid scheme
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237:Icon Media Lab
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194:, working for
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1150:Viet Nam News
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976:Hogan Lovells
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429:it-kanalen.se
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375:Côte d’Ivoire
372:
369:In June 2020
367:
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258:LetsBuyIt.com
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204:Icon Medialab
200:
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134:Icon Medialab
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101:(age 61)
87:
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53:
50:November 2020
44:
40:
36:
32:
29:This article
27:
23:
18:
17:
1306:. Retrieved
1301:
1292:
1280:. Retrieved
1274:
1249:. Retrieved
1245:
1235:
1223:. Retrieved
1218:
1206:
1194:. Retrieved
1184:
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1154:. Retrieved
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1128:. Retrieved
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1103:. Retrieved
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1076:. Retrieved
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1049:. Retrieved
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1027:. Retrieved
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1001:. Retrieved
991:
979:. Retrieved
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949:. Retrieved
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923:. Retrieved
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897:. Retrieved
892:
867:. Retrieved
857:
845:. Retrieved
841:the original
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814:. Retrieved
809:
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787:. Retrieved
782:
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760:. Retrieved
751:
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730:. Retrieved
723:
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701:. Retrieved
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673:. Retrieved
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647:. Retrieved
642:
632:
620:. Retrieved
616:the original
609:
599:
587:. Retrieved
583:the original
572:
562:
550:. Retrieved
546:the original
541:
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519:. Retrieved
515:
490:. Retrieved
483:
474:
462:. Retrieved
433:. Retrieved
431:(in Swedish)
428:
407:
401:
387:
368:
352:
335:
331:Ponzi scheme
312:
305:
293:
281:
261:
252:rights issue
240:
228:until 2008.
223:
221:
214:
208:
201:
196:Jan Stenbeck
189:
173:
162:
151:
138:dot-com boom
125:
124:
118:Entrepreneur
60:
47:
35:terms of use
30:
1330:1963 births
1308:22 February
1251:12 November
1246:Motley Fool
1225:13 November
1196:22 February
1156:22 February
1051:22 February
812:. Stockholm
696:China Daily
521:17 November
492:17 November
464:17 November
435:17 November
355:Philippines
264:Neuer Markt
1324:Categories
1302:Behind MLM
1282:22 January
1176:ict4africa
925:9 December
919:Trijo News
869:6 November
754:. Berlin:
622:1 December
589:1 December
552:1 December
393:References
272:bankruptcy
212:magazine.
148:Early life
114:Occupation
99:5 May 1963
95:1963-05-05
669:CNN Money
327:Bujumbura
1074:. London
1072:LeapRate
1003:15 April
981:15 April
951:15 April
899:18 April
847:15 April
816:20 April
762:20 April
732:20 April
728:. London
703:20 April
675:20 April
649:20 April
645:. London
643:campaign
338:Paraguay
284:wound-up
243:Kinnevik
192:Kinnevik
176:Marbella
154:Halmstad
132:such as
108:, Sweden
106:Halmstad
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1105:12 June
1078:12 June
1029:8 April
789:16 June
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219:IQube.
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278:IQube
225:Metro
1310:2021
1284:2021
1253:2020
1227:2020
1198:2021
1158:2021
1132:2020
1107:2020
1080:2020
1053:2021
1031:2020
1005:2020
983:2020
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927:2020
901:2020
871:2020
849:2020
818:2020
791:2021
764:2020
734:2020
705:2020
677:2020
651:2020
624:2010
591:2010
554:2010
523:2020
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