companies

AdvoCare CEO denies FTC allegations, settlement violation?

In an inner e mail despatched out to distributors, AdvoCare CEO Patrick Wright has categorically denied the FTC’s allegations. As per the settlement reached between the 2 events, AdvoCare ‘waive(s) all rights to enchantment or in any other case problem or contest the validty of (the courtroom’s) order‘. Patrick Wright’s e mail states that AdvoCare […]

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Three new QNet arrests, eBiz asset seizures in India

The Indian regulatory crackdown on QNet continues, following three new arrests by the Odisha EOW. Properties related to QNet and eBiz in Hyderabad have additionally been seized. Sarat Kumar, Debabrata Harichandan, Chandan Kumar Mahalik have been arrested by the EOW for selling QNet. The trio, together with others, have been stated to have hatched a

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AdvoCare pyramid scheme busted by FTC, fined $150 million

Again in Could AdvoCare introduced it was terminating its MLM alternative. In accordance with the corporate, the choice was made following “confidential talks with the FTC”. At the moment the FTC lastly revealed that AdvoCare had been investigated and located to be a pyramid scheme. The FTC alleges that via it’s pyramid scheme, AdvoCare and

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OEA first casualty of 8 Figure Dream Lifestyle fraud lawsuit

In a September sixteenth court docket submitting, On-line Training Academy has suggested it’s “suspending its enterprise and dissolving as quickly as potential”. On-line Training Academy (OEA) is a company defendant within the FTC’s 8 Determine Dream Way of life fraud lawsuit. The FTC alleges the corporate, run by Mark Schwartz, was a part of a

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Organo Gold & Holton Buggs lose AmeriSciences case, appeal denied

In 2016 AmeriSciences Trustee Rodney Tow sued Organo Gold, Holton Buggs, former Amerisciences CEO Barry Cocheu, and fifteen different former AmeriSciences distributors. By the point the case reached trial in Could 2018, Organo Gold, Buggs and Cocheu had been the one remaining defendants. On Could fifteenth a jury returned a verdict in opposition to Organo

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Cloud Token securities fraud warning issued in Mauritius

Mauritius’ Monetary Companies Fee has issued a securities fraud warning towards Cloud Token. Of their warning the FSC singles out Cloud Token associates selling the funding alternative by way of social media. The teams “Cloud Token Mauritius” and”Cloud Token Indian Ocean and Africa” are singled out by title. The general public is being solicited by

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Counter-claim filed in Vista Network fraud lawsuit

Defendants Phillip Piccolo, Kevin Johnson, Joseph Reid and Paul Morris have filed their reply to Armen Temurian’s Vista Community lawsuit. The defendants have additionally filed a counterclaim with their reply. Piccolo’s, Johnson’s, Reid’s and Morris’ reply to Temurian’s lawsuit is typical of such filings. It’s largely acknowledgement of impartial information and denials of all different

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Investimento Bitcoin under investigation for fraud in Brazil

The Brazilian SEC has launched an investigation into the Investimento Bitcoin Ponzi scheme. Though they’ve but to make a proper assertion, the Brazilian SEC (CVM) has confirmed to UOL it’s investigating Investimento Bitcoin for suspected fraud. CVM (Securities and Trade Fee) says in a report that it has discovered “proof of fraud in third-party fundraising

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WorldVentures v. Mavie trial showdown scheduled for Dec 2nd

A September eleventh courtroom order has scheduled the WorldVentures v. Mavie lawsuit trial for December 2nd, 2019. The day after the order co-defendant Ariix filed a movement requesting a reset of the trial date. Ariix claims it’s holding a distributor occasion in Thailand between December 4th and eleventh. Key Ariix executives, together with CEO Fred

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