Tag Archive for MLM Lawsuits

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Eaconomy New Allegations Coming up

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On 8 April 2024, we reported about several allegations around Eaconomy with as title Eaconomy Not paying Commissions, Terminating Leaders? A Review 
Today Ronald Naranjo, the former Nr. 3 of Eaconomy published a video about his experience with Eaconomy and founder / CEO Hassan Mahmoud.
Ronald Naranjo stated according to the video:

“I’m going to tell you the story of Eaconomy with balloons so that everyone understands what really happened. After the event we had in Medellín we get up in the morning and we had our back offices blocked and our virtual offices blocked.
And yes they don’t pay commissions And how do I know that they don’t pay us commissions Well, because I I was one of the first affected by all this that happened after all.
I’m going to tell you the truth and to give you a little more context in April of the year past that is 2023 I was in Cancun at the ower owner’s house where we were doing the negotiation.
He had the third position in the company. So I know what was happening in the downline and now I’m going to tell you about it. Let everyone be clear and don’t eat Chinese tales of what

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Maximize Your Ramadan Experience with QNET’s EDG3 Plus: The Preferred Energy and Immune Booster

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In the holy month of Ramadan, when Muslims around the world fast from sunrise to sunset, they not only seek spiritual renewal but also ways to maintain their physical well-being.
During this time of reflection and discipline, QNET’s EDG3  Plus, a supplement that is carefully crafted to support energy levels and immune health, meets the unique needs of those who observe the fast. EDG3 Plus is designed to suit your Ramadan journey and aims to improve your vitality and resilience during this sacred month.
EDG3 Plus combines the power of turmeric and Vitamin D that enhances the body’s absorption of nutrients, ensuring maximum benefit. Turmeric, an advanced form of curcumin, boasts anti-inflammatory and antioxidant properties, crucial for maintaining vitality and health during fasting periods. 
Vitamin D on the other hand fortifies the immune system, ensuring individuals can devote their spiritual focus on spiritual practices during Ramadan.
Another key component of EDG3 Plus is glutathione, known as the ‘master antioxidant.’ This important substance aids in combating oxidative stress and supports the body’s detoxification, crucial for sustaining energy levels and well-being throughout the fasting month. Glutathione’s role in fortifying the immune system is indispensable, ensuring individuals can devote their focus to spiritual practices during

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Major Victory For iX Global Against SEC

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The SEC in the USA has lost their case against iX Global and DEBT box as the SEC has presented false statements to the judge, with the objective to get a court order to close down iX Global and DEBT Box. The SEC is ordered to:

“The Commission (SEC) is ORDERED to pay Defendants’ and Receiver’s attorneys’ fees and legal costs arising from the TRO and the Receiver. Defendants and Receiver are ORDERED to file within 30 days petitions for fees clearly setting forth their requests in accordance with the court’s guidance in this order.”

In Summary:
Though the Commission had sufficient information to know its representations about account closures were false and misleading at the time it sought the ex parte TRO, Defendants put the Commission on notice of additional facts undermining these statements in their Motions to Dissolve.
For example, the DEBT Box Defendants highlighted, consistent with Zaki’s information, there were no account closures in July 2023 and then provided evidence demonstrating banks—not Defendants—were responsible for the account closures in 2021 and 2022.

Similarly, the iX Global Defendants provide evidence demonstrating the bank, not Defendants, was responsible for the June 2023 account closures the Commission prominently featured in its argument for irreparable harm.
It

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SEC Asked USA Court To Dismiss iX Global Case

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The SEC stated to the USA Court in a response on January 30, 2024.
“For the foregoing reasons, and those in the Commission’s Response to the Order to Show Cause (Dkt. 233), the Commission respectfully submits that sanctions are not warranted and that the Court’s Order to Show Cause (Dkt. 215) should be discharged.”
For the reasons given in the Commission’s Response to the Order to Show Cause, the Commission respectfully submits that the statements identified in the Order to Show Cause do not warrant sanctions under Rule 11 or the Court’s inherent authority. (Dkt. 233 at 8-20.)
While the Commission recognizes that its attorneys should have been more forthcoming with the Court, sanctions are not appropriate or necessary to address those issues. Significantly, the Commission is continuing to take steps to address the issues the Court identified and to identify any other issues that may warrant further consideration.
As indicated in the Commission’s Response, experienced trial attorneys from the Commission’s Denver Regional Office have been assigned to this matter. (Id. at 1; see Dkt. 234-236.) That team is reviewing the allegations and evidence in this matter.
Given this ongoing review, the Commission has determined that the best way to proceed is to dismiss

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QN Europe Joins Luxembourg’s Premier Direct Selling Association

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QN Europe, an emerging leader in the European direct selling industry specializing in health, wellness, and lifestyle products, is delighted to announce its new membership in the Association pour la Vente Directe du Luxembourg (AVDL), Luxembourg’s prestigious Direct Selling Association.
This significant step reflects QN Europe’s strong commitment to ethical business practices and consumer protection in the direct selling industry, aligning seamlessly with AVDL’s mission to maintain high standards of quality and integrity in direct sales. 
Mr. Kirikos Lazarou, Managing Director of QN Europe, emphasizes this alignment stating:
“Joining AVDL is a clear indication of our dedication to excellence and ethical operations in Luxembourg and across Europe. We look forward to working alongside AVDL and its members to enhance the direct selling industry’s growth and reputation in Luxembourg.” 
AVDL is instrumental in representing and advocating for the direct selling sector in Luxembourg, championing ethical and transparent business practices. QN Europe’s membership in the Association signifies its integration into a community committed to consumer protection, ethical business operations, and fostering entrepreneurship.
Mr. Lazarou further adds,
“As part of AVDL, QN Europe is eager to participate in initiatives and programs that contribute to the evolution of Luxembourg’s direct selling landscape.
This includes joint efforts with AVDL

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The SEC In The USA Acknowledge Errors In The iX Global – D.E.B.T Box Case

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IX/D.E.B.T. v S.E.C. Update December 2023:
Introduction:
“On October 6, iX Global achieved a monumental win in its ongoing legal battle with the U.S. Securities and Exchange Commission (SEC).
In a recent TRO hearing, the presiding Judge made the crucial decision to dissolve the Temporary Restraining Order (TRO) previously levied against iX Global and DEBT Box.
The Court’s decision comes after scrutinizing the evidence presented and recognizing discrepancies and potential misrepresentations in the SEC’s complaint.
The importance of this hearing was underlined by the presence of Tracy S. Combs, Director of SEC’s Salt Lake Regional Office, who was summoned by the Judge just hours before the hearing. The Court’s stance was clear – maintaining the highest standards of accuracy and fairness in all proceedings.”
As of December 2023:
The SEC’s acknowledgment of errors in the case has raised concerns about accuracy and transparency. Key points include:

Shortcomings in Duty: The SEC admits to falling short in accuracy and candor to the court.
Inaccurate Representations: During a hearing, SEC counsel made inaccurate statements, and these were not corrected when the errors were later identified.
Failure to Differentiate: The SEC did not clearly distinguish between factual statements and inferences, leading to potential misunderstandings.
Lack of Direct Evidence: Certain claims by the SEC, such as attempts to move

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Christina Barnett: From Financial Struggle To Empowered Entrepreneurship With GOFINITY

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In 2019, as a single mom working in banking, Christina Barnett entered the direct sales industry, aiming to cover a $500 car note. Quickly exceeding this goal, she earned $600 while navigating her dual roles.

During the COVID-19 pandemic, Christina achieved remarkable success, making over $100,000 in just 8 months in the direct sales field. Despite personal setbacks, including bankruptcy and losing her home and car, she used the industry to overcome these challenges.

As a certified life coach, Christina founded a consulting company, helping female entrepreneurs prioritize self-care for brand growth. Facing burnout in 2023, she joined GOFINITY, a decision that transformed her life. Working from home, she became stress-free, her own boss, and regained her freedom.

Featured in magazines like Shout Out Atlanta, Christina led GOFINITY’s top team, aiding others in earning an additional $500 or more monthly. GOFINITY not only provided financial stability but allowed Christina to eliminate debt and start her own Work from Home business.

Christina’s journey underscores the transformative power of the direct sales industry, offering financial independence and family time. Recommending the industry, she emphasizes the importance of choosing an ethical company. GOFINITY, for her, is not just a job but a life-changing experience, empowering her and

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Amway India Faces Money Laundering Probe Over Alleged Pyramid Dcheme

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An Amway spokesperson stated:

“The Prosecution Complaint currently filed by the Indian Enforcement Directorate pertains to an investigation dating back to 2011 and since then we have been cooperating with the department and have shared all the information as sought from time-to-time since 2011. Since we began our operations in India 25 years ago, we have been committed to legal and regulatory compliance, and have diligently maintained a culture of compliance and integrity to the present day.
We want to reiterate our continued confidence in the Indian legal and judicial system following the due process of law as we pursue our legal rights.
Amway is proud of its rich history in India and will vigorously defend itself, as well as the over 2,500 employees and hundreds of thousands of independent distributors in India who are critical to its mission of helping people live healthier, better lives.”

According to several press agencies in India:
A money laundering probe against Amway India Enterprise Pvt Ltd, which has 5.5 lakh direct sellers (Approx. 555,000) across the country, was started in 2011 based on various FIRs filed by the Telangana police.
The Enforcement Directorate (ED) has filed a charge sheet against Amway India, a popular direct marketing company that pretty

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Justin Prince Sues Modere

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Attorneys for Plaintiff Justin K. Prince
IN THE FOURTH JUDICIAL DISTRICT COURT UTAH COUNTY, STATE OF UTAH
Justin K. Prince, an individual, Plaintiff, vs.
Modere, a business enterprise that is part of Maple Mountain Enterprises, Inc., a Nevada corporation; Maple Mountain Group, Inc., a Utah corporation (formerly known as Neways, Inc.), dba Neways, Inc.; James J. Zenni Jr., an individual; George Russell, an individual; Z Capital Partners, LLC, a Delaware Limited Liability Company; Z Capital Commercial Finance L.L.C.;
Z Capital Group, LLC, a Delaware limited liability company; and John Does 1-99, Defendants.
COMPLAINT
Discovery Tier 3
Plaintiff Justin K. Prince (“Justin”) hereby alleges and complains against the Modere Defendants, Z Capital Defendants, and John Does 1-99 as follows:
INTRODUCTION
1. Until recently, Justin was the largest distributor for a multi-level marketing business enterprise known as “Modere.”
2. Justin went from selling products out of a mall kiosk with no college education to becoming an equity holder/partner in the company and the number one earner at Modere, generating during his time there over $2.5 billion dollars in total revenue and over 4 million customers.
3. Modere came under the control of a private equity investor, Z Capital. Revenues grew and Z Capital seized an opportunity to restructure its debt on the back

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Modere Sues Justin Prince

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Attorneys for Plaintiffs Maple Mountain Enterprises Inc., d/b/a Modere Enterprises, Inc., and Neways Holdings, L.P.
 IN THE FOURTH JUDICIAL DISTRICT COURT IN AND FOR UTAH COUNTY, STATE OF UTAH
Plaintiffs Maple Mountain Enterprises Inc., d/b/a Modere Enterprises, Inc., and Neways Holdings, L.P. (collectively, together with their predecessors and controlled affiliates, “Modere”), by and through their counsel of record, hereby allege, assert and complain against Defendants Justin Prince (“Prince”), Prince’s company, JPBG, LLC (“JPBG”), (collectively, “Defendants”) as follows:
INTRODUCTION 

This case involves a deliberate effort by the Defendants to, under contract with Modere, to sabotage and cripple Modere’s business, solicit its salesforce, use Modere’s trade secret and proprietary information, and set up a business to compete with Modere.
Beginning around August 2023, if not earlier, while under contract and associated with Modere as a senior leader of the company, Prince (together with his company) violated their contractual obligations and fiduciary duties owed to Modere and disseminated to key Modere associates—independent contractor distributors titled “Social Marketers”— throughout the company highly confidential business information and misinformation regarding Modere’s debt obligations, its financial wherewithal, its future business outlook, the status of its CEO, and its commitment to improved technology and new The clear purpose of this information campaign was

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