As has been made painfully obvious over the past few weeks, there’s only one reason an MLM Ponzi scheme stops paying out.

This can manifest itself first with withdrawal delays, but that’s not always the case.

Crowd1 is one MLM Ponzi that’s
first ran into withdrawal delays
in 2020.

Apparently the problem has gotten so bad that it prompted a response from Crowd1 executive Kenny Nordlund.

Rather than just admit new investment has dried up, Nordlund blames fraud.

Kenny Nordlund was appointed President of Crowd1 mid to late 2020 (I might be slightly off).

Nordlund has been scamming people through MLM Ponzi schemes for years.

He is best known in the MLM industry for being a top earner in the notorious OneCoin Ponzi scheme.

After
OneCoin collapsed
, Nordlund followed Udo Deppisch into Anthony Norman’s
Wantage One
Ponzi mess.

When that fell apart Nordlund
migrated over to Crowd1
in early 2020. He joined the executive team later in the year.

In an undated “AGL meeting” audio clip uploaded to YouTube on May 24th, Nordlund confirms Crowd1 “has some and have had some delays of payments.”

We are online and of course in this industry we do get a lot of frauds, we get a lot of fraud attempts.

And when we close one door, people find a new door. They open a new door, and it’s something we’re constantly working on. And it’s something unfortunately that (laughs), a lot of times affects their own people.

And what I mean by that is there is frauds being done. Something that is being manipulated, basically in our compensation plan in different ways – which is not OK.

We’ve been hit by that. We’ve gone through it multiple times during the years.

Crowd1’s solution is purportedly a “new IT system”, supposedly rolling… well, at some point.

We have a new system that’ll be rolling out in the IT.

And that is when, and we will have and of course (laughs), we will not tell you all of this, because then people will try to open new doors.

I’m not telling you guys that you will do that, but there is people that are constantly working on fraud on the system.

Nordlund goes on to explain that positions with Crowd1, suspected of committing fraud, will be “coming into kind of the compliance department”.

The positions will be locked for payouts during an investigation.

In other words, Crowd1’s “new IT system” is an excuse to lock investor accounts it feels are, or at least trying to, withdraw too much.

It’s one way to manage delayed withdrawals but ultimately still a band-aid solution.

Even if you buy into Nordlund’s nonsense, an account capable of withdrawing enough out of Crowd1 to create cashflow issues, isn’t a new overnight account.

It’s been built up over time – and that’s who Crowd1 is targeting.

Lets say there is somebody defrauding the system.

Let’s say it affects two hundred, and there’s a thousand people in there.

So basically, that means maybe two hundred gets paid. Two hundred have done something, and you have eight hundred people that are

🤖 Quick Answer

What payment issues has Crowd1 experienced according to Kenny Nordlund's statement?
Crowd1, an MLM structure, began experiencing withdrawal delays in 2020. The situation deteriorated significantly, prompting President Kenny Nordlund to publicly address the matter. Rather than acknowledging insufficient new investments, Nordlund attributed the payment delays to fraudulent activities within the platform's operations.

Who is Kenny Nordlund and what is his background in MLM schemes?
Kenny Nordlund was appointed Crowd1 President in 2020. He is recognized in MLM circles as a prominent earner from the OneCoin Ponzi scheme before its collapse. Following OneCoin's shutdown, Nordlund joined other MLM ventures, including those associated with Udo Deppisch.

🔗 Related Articles

- PetronPay securities fraud warning from QC, Canada
- DigiCoin Markets Review: 7% daily returns Ponzi scheme
- Faraday Hosseinipour gets 2.5 years in prison for I2G fraud
- PGI Global’s Ramil Ventura Palafox arrested in California
- AladdinBOT Review: AI trading bot ruse Ponzi scheme