Tag Archive for Norway

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Eaconomy Securities Fraud Warnings From New Zealand, Norway And Canada – Quebec

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According to The Financial Markets Authority :
“Te Mana Tātai Hokohoko (FMA) regulates New Zealand’s financial markets. We were established in 2011 as an Independent Crown Entity.”
On their website the FMA in New Zealand stated:

“Our statutory duty is to promote and facilitate the development of fair, efficient, and transparent financial markets; and to promote the confident and informed participation of businesses, investors, and consumers in the financial markets.
We recommend caution when dealing with Eaconomy LLC/Eaconomy, or any individual or entity promoting its services or products. Eaconomy is the subject of multiple warnings from overseas regulators including”:

The Financial Supervisory Authority of Norway, which has warned about Eaconomy as a Pyramid scheme and an unauthorised business
Eaconomy LLC- Financial Supervisory Authority of Norway

“The Financial Supervisory Authority of Norway (Finanstilsynet) points out that Eaconomy LLC (Eaconomy) is not authorized to provide investment services in Norway and therefore does not have the necessary approval under Norwegian law. The company is consequently not subject to Finanstilsynet’s supervisory oversight, nor has Finastilsynet approved the services offered by the company.”

Eaconomy Limited – The Autorite des Marches Financiers of Quebec in Canada
The Autorite des Marches Financiers of Quebec in Canada, which has warned about Eaconomy as an unauthorised business:

“Eaconomy Limited

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Rain International and Seeds for Change Foundation Raise $20,865 at Ascend Event in Oslo, Norway

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Rain International, a global leader in seed-based nutrition, and the Seeds for Change Foundation, Rain’s associated non- profit arm, are proud to announce the successful fundraising effort of $20,865 at their recent Ascend event in Oslo, Norway.
These funds will be donated to Fattighuset, a Norwegian aid organization that provides essential support to single parents, individuals facing unemployment, and the homeless in and around Oslo.
Ascend, held in Oslo, brought together Rain International’s distributors, customers, and partners from across the globe for a three-day event focused on wellness, sustainability, and community empowerment. As part of their commitment to corporate social responsibility, Rain International and the Seeds for Change Foundation organized a fundraising initiative during the summit to support Fattighuset’s mission of helping those in need.
Through the generous contributions of attendees, the Rain community was able to more than double their initial fundraising goal. This donation will make a significant impact on the lives of those who rely on Fattighuset’s services. Specifically, the funds will be used to provide food assistance to 417 families in the Oslo area, offering much-needed support during challenging times.

Rain International: CEO Byron Belka speaking at Ascend Norway.
“Rain’s global work through the Seeds for Change Foundation and the success

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BE Creates Its Own BE City in Oslo, Norway

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According to a BE press release:
Get ready for the ultimate business adventure at the BE Oslo European Convention on March 25-26, 2023. The convention offers an incredible opportunity to meet like-minded people from all corners of the world, hear from some of the biggest names in business, and explore a brand-new city created by BE.
At the convention, attendees will receive the latest updates on BE’s products and services and learn valuable insights on how they can take their own businesses to the next level. The BE founders, Monir, Moyn, and Ehsaan Islam, will give a sneak peek of the 2023 roadmap and provide updates on the company’s growth and vision.
“The Disrupt 2023 convention is the culmination of everything we have envisioned, planned, and worked on for years. We are excited to share our mind-blowing news and updates that will change the landscape of the online sphere.
But more importantly, this event aims to revolutionize the industry and bring our BE community to new heights as distributors. We’re committed to boosting their drive to succeed and helping them surpass extraordinary milestones – growing bigger, stronger, and better.”
Shared by BE Founders Monir, Moyn, and Ehsaan Islam.
BE Founders
The convention also features an

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Tove Somhovd From Norway Achieves Diamond Elite Rank With Rain International

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Tove Somhovd from Norway is no stranger to the world of Network Marketing.
She’s been a distributor in a handful of companies spanning the last 35 years, and has been extraordinarily successful.
However, it seems that this success has multiplied since joining Rain International.
 After an accidental Google search, Tove came across Rain International’s webpage.
After a short time on the website and learning about their seed-based nutritional products and executive team, she knew she had to be a Rain Partner.
She joined in March of 2017 and hasn’t looked back. She’s built an enormous, active team that has accrued over 2,000 Rain Partners, which has catapulted her through the ranks, all the way to Diamond Elite. That’s no small task, especially in an area of Europe that knew very little (or nothing) about Rain International.
 Rain accredits much of their success and expansion in Europe to hard-working Rain Partners like Tove. Byron Belka, CEO and Founder of Rain International has said:

 “These are the leaders that will not only put us on the map, but put us at the forefront of health and wellness.”

 Tove tells everyone she meets that it only took her 35 years to find Rain International,

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WorldVentures Official Statement For The Norway Market

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The Norwegian Supreme Court has declined WorldVentures appeal. The company has published the next statement:
“WorldVentures ™ was pleased with the lead judge’s dissent in Borgarting Law Court in March 2018.
She confirmed the legitimacy of WorldVenture’s business model. Two co-judges disagreed.
We are therefore disappointed that the Supreme Court’s appeal committee has now decided that they will not let the case be brought to the Supreme Court.
We therefore continue to review various alternatives with our legal team in Norway, and do not consider the matter closed at this time. We commit to being opened in Norway again.”
NORWEGIAN
“WorldVentures ™ var tilfreds med hoveddommers dissens i Borgarting Lagmannsrett i mars 2018. Hun bekreftet legitimiteten til WorldVentures sin forretningsmodell. To meddommere var ikke enig.
Vi er derfor skuffet over at Høyesteretts ankeutvalg nå har bestemt at de ikke vil la saken bli tatt til Høyesterett. Vi fortsetter derfor å gjennomgå ulike alternativer med vårt juridiske team i Norge, og vurderer ikke saken stengt på dette tidspunktet.
Vi forplikter oss til å bli åpnet i Norge igjen.
About WorldVentures
WorldVentures is a privately held company based in Plano, Texas, that sells travel and lifestyle community memberships providing a diverse set of products and experiences.
The company’s goal is to help Independent

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Lyoness and Lyconet A Pyramid Scheme In Norway

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The Lottery Authority in Norway is a government agency responsible for illegal marketing, illegal gaming and pyramids.
The next letter is send to Lyoness, and underlaying divisions: Lyconet and CashBack World (Google translation):
Notification of decision sent to Lyoness.
On 11 January 2018, the Lottery Authority has sent notice of a decision to terminate Lyoness’s operations in Norway.
Notification of decision sent to Lyoness Notification of decision is addressed to Lyoness Europe AG and Lyoness Norway AS, but will also include 150,000 Norwegian participants and 1,000 loyalty companies included in the Lyoness sales system in Norway.
Illegal pyramid-like sales system
Based on the number of received tips in 2016 and 2017 and the content of these foundations, the Lottery Authority has assessed whether Lyoness is an illegal pyramid-like sales system pursuant to section 16, second paragraph, of the Lottery Act.
In the assessment, we have assumed that revenues from Lyoness’s business in Norway are mainly from the acquisition of participants, and not from sales or consumption of goods, services or other benefits.
Lottery Authority’s conclusion
In the notice of decision, the Lottery Authority concludes that Lyoness’s business in Norway is an illegal pyramid-like sales system pursuant to section 16, second paragraph, of the Lottery Act.
We have paid particular attention

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