Articles under ‘companies’:

Wakaya Perfection securities fraud lawsuit sent to arbitration

In response to a lawsuit that alleged $250,000 in securities fraud, Wakaya Perfection filed a Motion to Dismiss. Stated reasons in the motion were for a lack of jurisdiction, or in the alternative compel the parties to resolve the matter via arbitration. On January 14th Wakaya Perfection’s Motion to Dismiss was granted in part.

TelexFree’s Carlos Costa receives prison sentence for tax fraud

Whereas Brazil can’t seem to convict anyone over TelexFree’s $3 billion in Ponzi fraud, regulators have managed to convict Carlos Costa for tax fraud. Costa is best known for being TelexFree’s Bagdad Bob. Even as authorities in the US and Brazil closed in on TelexFree, Costa, often sweating profusely, denied anything was amiss in regularly [Continue reading…]

Lyoness a pyramid scheme in Italy, fined 3.2 million euro

Following a boom in local investor recruitment, Lyoness caught the attention of Italian authorities. Italy’s Competition Authority (AGCM) announced a preliminary investigation into Lyoness in September 2018. The investigation concluded in late December, resulting in Lyoness being declared a pyramid scheme.

Dish Network given 45 days to serve Pshehalouk, default withdrawn

After failing to respond to a lawsuit filed against TVizion and owner Ferras Jim Pshehalouk in April 2018, Dish Network filed for an entry of default in July. The court clerk entered default on July 23rd. Subsequently Dish network filed for default judgment on November 12th. On December 13th however, it was ruled that Pshehalouk had [Continue reading…]

Court orders FTC to proceed in MOBE case without lawyers (???)

Trump’s government shutdown has wreaked havoc on scheduling for active FTC lawsuits. One such lawsuit is FTC vs. MOBE, in which a Judge has bizarrely ordered the FTC to continue trying without lawyers.

Jeunesse RICO settlement receives final approval, appeal filed

Despite it appearing to be a bum deal for Jeunesse victims, the RICO lawsuit settlement has received final approval. On January 9th a court order granting the settlement found it to be ‘fair, reasonable, adequate, and in the best interests of the Settlement Class Members‘. Under the terms of the settlement, Jeunesse will pay $2.5 [Continue reading…]

Wakaya Perfection overturn arbitration order in Youngevity lawsuit

The beef between Wakaya Perfection and Youngevity dates back to 2016. Our reporting initially covered Youngevity’s lawsuit in California, which alleged Wakaya Perfection was founded on stealing business from Youngevity. Wakaya Perfection filed their own lawsuit in Utah, over breach of contract and “tortious behavior”. Wakaya Perfection’s lawsuit was subsequently moved to federal court, wherein Youngevity [Continue reading…]

Jason Guck’s sentencing delayed, 5Linx “a shell of its former self”

Jason Guck is the last of the three 5Linx co-founders still awaiting sentencing. Guck was supposed to be sentenced on December 19th, however that date came and went with no news. Today I had Guck’s case flagged for an update.

Court freezes Australian BitConnect scammer’s assets

An Australian court has frozen BitConnect Director John Bigatton’s assets. Bigatton is also prohibited from fleeing the country.

Trump’s government shutdown stalls Digital Altitude settlements

As it stands the FTC is currently reviewing four settlements in the Digital Altitude case. The closest of the settlement review deadlines is Michael Force on January 2nd. That is by January 2nd, the FTC was scheduled to have made a decision on the agency’s proposed settlement with Force. Unfortunately last month Donald Trump decided [Continue reading…]