Articles under ‘World Ventures’:

WorldVentures RICO pyramid scheme class-action lawsuit filed

A class-action lawsuit that alleges WorldVentures is an illegal pyramid scheme was filed earlier this year. This one slipped under the radar, so you’ll have to forgive the late coverage as I only found about the lawsuit yesterday.

World Ventures lose case against Norwegian Ministry of Culture

Back in February 2014, the Norwegian Gaming Board ruled World Ventures was an illegal pyramid scheme. World Ventures filed an appeal, which they lost later that year in November. Within a month World Ventures ceased operating in Norway. Some Norwegian-based affiliates however continue to market World Ventures internationally. The next move by World Ventures saw [Continue reading…]

WorldVentures skirts Malaysian tourist license, still a pyramid scheme

Last April the Malaysian Ministry of Tourism and Culture declared WorldVentures was operating illegally in the country. This was based on the fact that, at the time, ‘the Ministry of Tourism and Culture (had not) issue(d) a license to WorldVentures‘. WorldVentures still doesn’t have a license, but has instead convinced the Domestic Trade Cooperation and [Continue reading…]

NCC’s WorldVentures findings will not be made public

Despite reports late last week suggesting the NCC were going to publish their findings on several investigated MLM opportunities, the agency has today clarified there will be no public updates on the outcome. Despite the overall lack of comment, NCC spokesperson Trevor Hattingh did give one of the companies investigated the all-clear.

WorldVentures suing Norwegian Ministry of Culture

Back in 2013 the Norwegian Gaming Board launched an investigation into WorldVentures. In 2014 the Gaming Board concluded WorldVentures was an “illegal pyramid scheme”. WorldVentures was subsequently ordered to cease all business operations in Norway. WorldVentures appealed the Gaming Board’s decision, which was denied in November of 2014. By December 2014, WorldVentures had no choice [Continue reading…]

WorldVentures issue gag order on eve of NCC report

A few days ago it was revealed that South Africa’s National Consumer Commission are to announce their conclusions about several income opportunities early this week. Among the opportunities the NCC has investigated over the past year are WorldVentures and South African MMM Global chapter, MMM South Africa. Whereas MMM Global have remained silent in response to the [Continue reading…]

WorldVentures a pyramid scheme in South Africa next week?

Back in September 2015 we reported on South Africa’s National Consumer Commission and Specialised Commercial Crimes Unit conducting an investigation into WorldVentures. Now, rumblings out of South Africa that the NCC have concluded their investigation – with an announcement expected early next week.

Top World Ventures affiliate violating Norway ban?

A year ago World Ventures lost their Norway appeal, which saw the ruling that World Ventures is a pyramid scheme upheld. Six months later Steinar Husby, WorldVentures’ “official spokesperson” in Norway, told local media that the company was going to sue Norwegian authorities. That was June 2015 but to date no legal action on behalf [Continue reading…]

World Ventures under fraud investigation in South Africa

Promotion of World Ventures in South Africa has purportedly stepped up in recent months, prompting fraud investigations by the National Consumer Commission and Specialised Commercial Crimes Unit of the South African Police Services. Over 4100 locals in Cape Town have reportedly joined WorldVentures over the past six months, making the company roughly R22 million ($1.5 million USD) [Continue reading…]

Affiliate claims World Ventures will sue Norway

Following an investigation and court-approved declaration that World Ventures is a pyramid scheme, the company was forced to shutdown operations in Norway. This, claims affiliate Steinar Husby, has cost World Ventures “many millions in Norway and abroad”. Husby, credited as the official spokesperson for World Ventures in Norway, joined the company back in 2010. Desperate to [Continue reading…]