Complaint Review: Crown Equity Holdings - Las Vegas Nevada
- Crown Equity Holdings 11226 Pentland Downs Street Las Vegas, Nevada USA
- Phone: 702-448-1543
- Web: http://www.crwenewswire.com
- Category: Brokerage Companies
Crown Equity Holdings Mike Zaman Crown Equity Holdings (CRWE) is Just One Big Stock Scam! Las Vegas Nevada
*UPDATE EX-employee responds: Zaman Has Many Places Where He Stores "His" Money and Marketable Securities
*UPDATE Employee: Crown Equity Holdings
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Crown Equity Holdings (Ticker Symbol: CRWE on the PinkSheets) is just one big stock scam. This company serves as a vehicle simply for promoting its own stock. Over the past several years, day after day, teams of people posing as analysts or other people not affliated with the company would write blog posts in various forums about how CRWE might just be the next Facebook or Microsoft or whatever they were hoping to emulate while at the same time constantly touting their own company as being a blue chip growth investment and emphasizing how quickly its stock price had been rising. Most of this company's shares have been controlled by a selectively small group of people who would blindly take their orders to buy and sell in the open market from the one person who controls everything, Mr. Mike Zaman. Zaman was barred by the Securities and Exchange Commission from being an officer or any other type of control person of a public company after his association with a previous stock fraud scheme: http://www.sec.gov/litigation/litreleases/lr15909.txt "In the course of carrying out the manipulation, Zaman and Smith Benton controlled the number of Conectisys common shares available for sale on the market, dictated the prices at which those shares traded, engaged in "daisy chain" trading with market participants to fill retail customer orders, and artificially increased the price of the stock purchased by retail customers." "On consent, the Commission permanently barred Zaman from association with any broker, dealer, investment adviser, investment company or municipal securities dealer." "This enforcement action was part of the Commission's four-pronged approach to minimizing Microcap fraud: enforcement, inspections, investor education and regulation." Zaman's recent actions seem to be eerily similar to his earlier misconduct. Regarding the shares in CRWE, Mr. Zaman had been directing his followers in such a way as to manipulate the price of this stock upward at the same time that his employees were posting glorious reviews on various websites so as to attract as many suckers as possible and convince them to invest in shares of this worthless company. If you look up the price chart of CRWE you will see that in recent years the price of this stock was ramped up from $2 in 2008 all the way to $154 in 2010 just before crashing 86% in three months and then progessively declining further to its current price of just $1.87. Now they are preparing to start that process all over again. Buyer beware!
This report was posted on Ripoff Report on 03/05/2015 02:54 PM and is a permanent record located here: https://www.ripoffreport.com/reports/crown-equity-holdings/las-vegas-nevada-89141/crown-equity-holdings-mike-zaman-crown-equity-holdings-crwe-is-just-one-big-stock-scam-1213618. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content
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#2 UPDATE EX-employee responds
Zaman Has Many Places Where He Stores "His" Money and Marketable Securities
AUTHOR: Marcus Lunar - (USA)
SUBMITTED: Sunday, March 08, 2015
Zaman uses front men to sell stock which he personally controls, whether it is stock in one of his own companies like Crown Equity Holdings (CRWE) or stock in an unrelated company which he had accrued as part of some deal he was doing for promotion or whatever. So, when you buy shares in CRWE you are most likely buying shares over which Zaman personally had control and he does thank you very much for lining his pockets with the proceeds of your "investment" to support his lavish lifestyle.
Sometimes he will obtain these promotional contracts by promising to write negative and infammatory articles about the companies or individuals he has targeted until they have finally acquiesced to paying his demanded price. Then he will quietly delete those old articles and replace them with much more pleasant ones.When CRWE does at times receive actual cash for services, rest assured that investors who are not part of his inside group will never see even a penny of that money.
Sometimes it will be parcelled out as "accrued salaries" or it will be invested in business ventures over which Zaman has complete control; and, not surprizingly, those businesses are never profitable in the long run. Zaman has many places where he stores "his" money and marketable securities, both in the United States and abroad, yet he is always claiming to be nearly broke. If you have already made an investment in one of Zaman's business ventures then you should save yourself the grief and just admit that you made a huge mistake and that you will never see that money ever again.

#1 UPDATE Employee
Crown Equity Holdings
AUTHOR: Crown Equity Holdings Inc. - (USA)
SUBMITTED: Friday, March 06, 2015
Crown Equity Holdings Inc. (PINK: CRWE) is in the process of developing its national network of community news and information websites. (rwe-pr.com) to provides and offers advertising branding, marketing solutions and services to boost customer awareness, as well as merchant visibility as a worldwide online multi-media publisher. The company focuses on the distribution of information for the purpose of bringing together its targeted audience and the advertisers that want to reach them. Its advertising services cover and connect a range of marketing specialties, as well as provide search engine optimization for clients interested in online media awareness. For more information regarding Crown Equity Holdings Inc., visit: crownequityholdings.com.


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