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Former CEO and WorldVentures Director Michael Azcue has settled with the Spherature Investments Liquidating Trustee. WorldVentures was a travel-themed MLM pyramid scheme that collapsed through bankruptcy in 2020. Spherature Investments was WorldVentures’ parent company at time of collapse. As part of his duties, the Spherature Investments Trustee sued Azcue (right) in October 2022. As per…
Former CEO and WorldVentures Director Michael Azcue has settled with the Spherature Investments Liquidating Trustee. WorldVentures was a travel-themed MLM pyramid scheme that collapsed through bankruptcy in 2020. Spherature Investments was WorldVentures’ parent company at time of collapse. As part of his duties, the Spherature Investments Trustee sued Azcue (right) in October 2022. As per…
Investview has settled Apex fraud allegations with the SEC for $375,000. The civil monetary penalty represents just 1.7% of the $21 million the SEC alleges Apex took in. As alleged by the SEC, Investview offered unregistered securities through Apex. In July 2019, Investview launched the Apex Program. The Apex Program purported to use “Apex Packs”…
Tupperware’s operations in Belgium have officially collapsed. As reported by HLN on January 13th, Tupperware’s US executives have given the go ahead for bankruptcy proceedings. Tupperware’s Belgium bankruptcy proceedings follows closure of a local factory in Aalst few months ago. Up until bankruptcy approval, Tupperware had not issued a public statement regarding the closure. [US…
Utherverse Inc. and founder Brian Shuster have sued Joshua Denne, Jeremy Roma and Blockchain Alliance. In their January 10th filed suit, Utherverse Inc. and Shuster allege violations of the Racketeer Influenced and Corrupt Organizations Act (RICO). There are nine named defendants in Shuster’s suit; Brian Quinn Joshua Denne Blockchain Funding Inc. (Wyoming) Blockchain Alliance LLC…
Corey Price’s Smart Desktop AI pyramid scheme has collapsed. Earlier this month Smart Desktop AI’s website was replaced with the following admin message: Around the same time Smart Desktop AI collapsed, Price announced he was launching Zbot: Smart Desktop AI victims have express concerns over identity theft, which as at time of publication Price has…
SquareOne co-founder Travis Bradley Martin has been arrested on child sex charges. Martin was arrested on January 8th, 2025 by the Lehi PD in Utah. Five charges have been laid against Martin; aggravated sexual exploitation of a minor dealing in material harmful to a minor aggravated sexual exploitation of a minor sodomy on a child;…
The FTC is seeking public comment on proposed changes to the Business Opportunity Rule, as well as a newly proposed Earnings Claim Rule. While deceptive income claims are already illegal as per the FTC Act, the FTC states the proposed changes would allow the FTC to seek strong relief – including money back for consumers…
Avlitex operates in the cryptocurrency MLM niche. On its website, Avlitex represents it is based out of Canada. The provided corporate address however belongs to Regus, a virtual office retailer. This means it is unlikely Avlitex has any actual ties to Canada. Supporting this is Avlitex providing a registration certificate for Avlitex Limited, a shell…
The clown show surrounding Leonardo Cositorto’s Generation Zoe trial in Argentina continues. The latest is Cositorto announcing plans to marry a fellow prisoner. Speaking with Clarin, Cositorto did not want to give details about who his girlfriend is for reasons of “confidence.” Cositorto said that he has known his new partner for eight years “and…