If Youngevity advertising and marketing foreign currency trading wasn’t unusual sufficient, they’d apparently partnered up with Sal Leto.
Sure, that Sal Leto.
Youngevity market a bunch of merchandise however are very a lot rooted in dietary dietary supplements. Working example: each product featured on Youngevity’s “finest vendor” web site listing is a dietary complement.
In truth there’s completely no point out of foreign exchange coaching on Youngevity’s public-facing homepage. It’s important to discover it.
The hyperlink to Youngevity’s foreign exchange merchandise is buried within the lengthy listing of store associated hyperlinks.
That is type of odd, seeing as plans to push foreign exchange coaching onto Youngevity distributors started final September.
However I’m getting forward of myself.
A reader tipped me off to Youngevity’s foreign exchange providing by way of e mail:
Whats up, In case you have been excited about following up with Sal Leto … he’s now concerned with Youngevity. Promoting his buying and selling platform.
My first thought was, “Sal Leto has teamed up with Youngevity to promote foreign exchange coaching? That’s an odd pairing.”
Operating a seek for Sal Leto on Youngevity’s web site didn’t return something. I subsequent sought out Leto’s social media and, certain sufficient, he posted this on September 18th;
Sort of an anomaly for an organization of this caliber and popularity to come back in with their sources to compete in a leading edge area.
However the analysis has been accomplished to do it in a method that solidifies the continuance of their legacy.We’re constructing the world’s largest buyer base of profitable merchants.
I do know lots of you want the suitable mentors and the suitable methods which are confirmed however haven’t discovered it but.
This was adopted by a presentation in entrance of high Youngevity earners on September twentieth.
I can’t converse for Youngevity but when they’ve accomplished their analysis, as Leto claims, they’d know Leto was one of many ringleaders behind OneCoin’s failed US launch.
That’s OneCoin, the $4 billion MLM crypto Ponzi scheme.
Three years after Leto’s failed efforts to unfold OneCoin throughout the US, the corporate would once more attempt to reenter the nation.
This resulted in US authorities arresting then OneCoin CEO Konstantin Ignatov in March, 2019.
Leto (proper) not showing on Youngevity’s web site or advertising and marketing suggests the corporate is deliberately failing to reveal who’s behind their foreign exchange providing.
This alone is a possible violation of the FTC Act (unfair or misleading acts or practices).
After OneCoin, Maurice Katz and Sal Leto started selling iPro Community. The SEC sued iPro Community for fraud in Might final yr.
After iPro Community Leto hitched his identify to Eaconomy. Eaconomy collapsed in March 2020.
Leto then resurfaced as Chief Networking Officer at Auvoria Prime.
Auvoria Prime, as reviewed by BehindMLM in April 2020, was a foreign currency trading bot hooked up to a “foreign exchange schooling program”.
At this time there’s no point out of Sal Leto on Auvoria Prime’s web site. The automated buying and selling bot has been changed by commerce choices from folks you’ve by no means heard of.
Leto’s final official Auvoria Prime communication is dated November seventeenth, 2020.
Leto stopped posting on FaceBook in August 2020. He resumed in Might 2021.
Getting again to Youngevity’s foreign currency trading merchandise, they’ve been branded as “FX by Youngevity”.
What’s on supply sounds remarkably just like Auvoria Prime.
FX is a platform that gives neighborhood, teaching & schooling, superior buying and selling know-how, and management progress coaching.
At FX, we are going to aid you study new ability units and supply coaching by the very best leaders within the business that will help you speed up your future.
Underneath FX by Youngevity you’ve got MAX Indicator, MAX Dealer’s Academy and Dwell Buying and selling Periods.
The MAX Indicator is an Synthetic Clever [sic] oriented software program software identified an “Indicator”.
The software program is designed to scan the fluctuation of costs and values all through a number of completely different monetary markets.
The MAX Indicator then makes use of this knowledge that’s been collected to product an data report ot the consumer.
The shopper can use this data as potential affirmation of present market exercise to evaluate whether or not or not they wish to place a commerce and try and earn a revenue.
While you subscribe to the MAX Indicator platform … additionally, you will have unique entry to attend Dwell Buying and selling Periods.
The Max Dealer’s Academy is a complete, multi-sensory studying platform designed to equip merchants of all expertise ranges to lift the bar on their private buying and selling.
MAX Dealer’s Academy was created to empower you with the information and ability to turn out to be a extra worthwhile dealer.
- MAX Indicator Preliminary Enrollment offers entry to MAX Indicator and MAX Dealer’s Academy, it retails at $210.99
- MAX Indicator Enterprise Necessities Equipment combines entry to MAX Indicator and MAX Dealer’s Academy with Youngevity dietary supplements, it retails at $299.95
- MAX Indicator Enterprise Builder Equipment provides extra dietary supplements and “CEO Coaching Supplies”, it retails at $499.95
My instant concern was whether or not Youngevity are providing any type of automated buying and selling.
So far as I can inform, they aren’t.
Every consumer is 100% answerable for their very own cash and their very own trades.
As a precaution in opposition to FX by Youngevity’s providing altering sooner or later although, I’ll state that any automated buying and selling product would represent a securities providing.
This could require Youngevity to register its foreign exchange alternative with the SEC (Youngevity itself is already registered). Failing to take action would represent securities fraud.
Personally I’m not fully satisfied. Some Youngevity distributors appear to be pitching automated buying and selling:
That apart, as represented by Youngevity, Leto’s contribution to FX by Youngevity is indicators software program.
Leto himself clearly didn’t develop the platform, with that data being withheld from customers.
Personally I’d wish to know if I used to be shopping for into foreign currency trading offered by somebody whose solely MLM declare to fame was securities fraud.
By one of many largest and most infamous MLM Ponzi schemes ever no much less.
Replace twelfth January 2022 – I’ve confirmed, as on the time of this replace, there’s no computerized buying and selling element to Youngevity FX or MAX Indicator.
Replace fifteenth July 2022 – Max Indicator remains to be accessible on Youngevity’s web site.
Sal Leto nonetheless is now advertising and marketing 8 Minute Dealer. This seems to be a brand new buying and selling launch from Youngevity.