Achieve Community shut down, criminal charges pending
I wasn’t sure if this was going to go down till next week, but it seems things have escalated in the last 24 hours and Achieve Community is no more.
As per an update published by Achieve Community owner Troy Barnes sometime in the last few hours:
Hi Everybody
Well it looks like the rumors are true. Kristi has fled from USA….. God knows where she went…. ?
Before she left She had been talking to the Attorney general in Colorado for many weeks.
My last conversations with her were all good They were dropping all charges of fraud and of Achieve being a scam.
This is what SHE told me!!! Kristi has deserted us all !!!
It would seem that she has now pointed everything at me!!!
I was doing every -thing I could do, to make us safe and be here for the long term and we were doing great.
Now because of Kristi deserting all of us I am facing criminal charges and our Achieve assets have been frozen.
Last week I published a story confirming that Troy Barnes had been in contact with at least one US regulator (Michigan). It would seem his partner, Kristi Johnson (right, with Barnes) had been in contact with the Colorado Attorney General’s Office for some time.
For reasons unknown, Johnson did not disclose this to the Achieve Community investor-base – or if Barnes it to be believed, him either.
I’d heard rumours on the grapevine that Barnes was facing a criminal investigation, which he all but confirms in his update:
I don’t know what the plan is yet. One way or another I will get your money returned to you, somehow.
I am now facing jail because a few people hated our community and I have let Kristi have way too much control of our finances.
Based on what I know about the criminal investigation, I believe this action is being spearheaded by Colorado – possibly with assistance from Michigan. Whether the SEC have gotten involved is unclear.
In any event, even now Barnes seems to fail to grasp that he and Johnson were both running what was always nothing more than a blatant Ponzi scheme.
From the looks of it, Barnes is refusing to accept responsibility for his actions. Instead he wishes to place the blame on Johnson in absentia, and people who “hated his community”.
What a load of bollocks.
I am sure I will have to be leave Facebook for a while. I have a lot to do to prepare for court and try to take care of ALL of the members. That is ALL I HAVE ever wanted to do !
How one woman can destroy so many lives is beyond me. I have no money for an attorney so I have to do my best to protect you all on my own.
It’s a very sad day for me the worst day of my life ! So sorry I had the wrong partner.
Troy
The only people responsible for orchestrating the Achieve Community Ponzi scheme are both Troy Barnes and Kristi Johnson.
Barnes appears to facing criminal charges (jail time), and if Johnson has indeed fled the country – she has family in England – I don’t suppose she’ll be able to get very far before regulators catch up with her.
Johnson had yesterday gone and deleted all of her social media accounts, which might indicate she’s reacting to a cease and desist filed against her.
I’m thinking that, rather than flee, she’s simply cut off all contact with Barnes. It’s likely that she’s facing similar criminal charges.
Johnson had disappeared from the Achieve Community spotlight at the end of January, which is likely when she realized the gravity of what she was facing on the legal front.
Barnes evidently remained clueless and in denial about regulatory investigations against him and the company. Even as late as yesterday he was still stringing his investors along about setting up a payment processor sometime next week.
I’m also not to sure on Barnes’ claim he has no money for an attorney. I had heard he’d spent $25,000 of Achieve investor funds on a retainer for a lawyer.
Whether he means now that Achieve Community’s funds have been frozen he can’t pay this lawyer going forward, or that he’s lying about every having paid the retainer is unclear.
In the US at least, proceeds of a crime cannot be used to defend criminal charges filed against you. With Barnes having no other line of employment (and income source), that would explain why he’s unable to afford to defend himself.
All in all it’s hard not to have seen this coming. Now we wait for a statement from Colorado authorities to find out the extent of damage the Achieve Community caused (the amount invested).
And at some point, those who profited from the scheme can likely expect to have to return the bulk of what they stole from those who lost money in the Achieve Ponzi scam.
Stay tuned…
Update 15th February 2015 – Referred to as an Achieve Community admin by her fellow investors, Kelly Thomson is claiming Kristi Johnson has not fled the US, and that Troy Barnes is lying:
On what basis Thomson is claiming Johnson is still in the US is not clear. She’s clearly an insider though and one that appears to be wholly in denial about what’s going on.
Update 18th February 2014 – According to Troy Barnes, the SEC shut down Achieve Community:
February 17 2015
The SEC has closed down The Achieve Community due to all the haters reporting it to the authorities.
All monies will be returned when the investigation is over. All funds are currently frozen.
Gotta love his reasoning for the investigation… anything rather than admit he was running a Ponzi scheme.
Barnes recently also deleted his Facebook profile. This brings him up to speed with Kristi Johnson, who deleted all her social media profiles last week.
To Achieve Community investors: Please be advised that it’s far too early to have a conversation about how you might go about getting your invested funds back.
At the very least you’ll need to wait for regulatory updates which, with any luck, will be published early this week.
Article updated with claim from Kelly Thomson claiming Troy Barnes is lying.
Somebody’s always lying. The problem is who, since nobody in Achieve can be trusted with anything.
Comment from Achieve investor:
The “Kelly Thomson” referenced above is a serial MLMer that advertised herself on LinkedIn as BrainAbundance rep since 2013, no mention of Achieve, and operates out of BC, Canada.
linkedin.com/pub/kelly-thomson/78/16/284
How she’d know that Kristi is still in the US is a mystery.
Well she does have a strapping Achieve Community tshirt:
Maybe the tshirt told her…
From the “Official” Achieve Facebook page:
(Ozedit: Kelly Thomson quote removed, see article update.)
So now we have “he said, she said” each blaming the other.
This is going to be fun to watch as they tear into each other with the blame game. But I thought the super-duper, magnificent, magic 3-tier algorithm made this all legal.
No, phuckwad, you’re facing jail time because you helped steal millions of dollars.
great move by colorado, to freeze the assets, i hope they found most of the money, and it’s not been transferred out already.
kelly thompson is not fully convinced about kristi’s location, because she says: ‘kristi is working things out in colorado, or WAS trying to’.
so, till the colorado authorities give their press release, it’s hard to say if kristi has fled or not.
that this fraud came unspun, in just a couple of months, owing largely to internet reportage, from sites like behindmlm and others, is a testament to the wisdom of this quote: The Only Thing Necessary for the Triumph of Evil [FRAUD- lets not get carried away!], is that Good Men Do Nothing.
well done. well done.
a Ponzi scheme is lying to clients about fake investments–this was a private repurchase club where upfront was said with 10,000 members were selfsuficient doing repurchases -a good lawyer will prove this was not a scheme[unless partners stole the funds for self use]
@Tony
False. A Ponzi scheme uses newly invested funds to pay off existing investors.
Lol. Better call up Barnes then, maybe he can use that in court.
Lol again. $50 in $400 out, subject to enough new investments being made. No lawyer is going to be able to prove this wasn’t a Ponzi scheme.
Did you even know what is “private repurchase”, much less “private repurchase club”? Those terms don’t mean anything except that Troy and Kristi say it means. Don’t kid yourself.
“Private repurchase” generally refers to a company buying back its own stock from those people it had previously given out stock to.
Such transactions are obviously regulated by the SEC.
Clearly, Mr. Ricci… you’ve been a victim of equivocation… someone used the wrong term on you, and you didn’t see through it, even in the age of Wikipedia and Google. Tsk tsk tsk.
NOLINK://newsroom.hyatt.com/2011-05-16-HYATT-TO-REPURCHASE-8-987-695-SHARES-OF-CLASS-B-COMMON-STOCK
Actually, a ponzi is when someone tells people they can turn $50 into $800, then uses new members’ money to pretend that’s what is happening, all the while pretending to be a “private repurchase club”
Today is the best day of the year in seeing Achieve Community out of commission, along with the start of Kristi and Troy and Rodney arrested and heading to we hope jail very soon.
Thank You Colorado and Michigan and all the people who reported their story to the AG in Colorado and Michigan along with your states AG office.
With this we will not see any more 86 year old seniors being robbed while Kristi and Troy are out spending all this laundered money.
Next up can we get Rodney black bums You tube channel shut down? along with the websites for achieve community next week, well a judge sure will be able to order the USA to do just that.
Thanks OZ for all you do.
PS. Do not believe Troy, he made a killing from all those PRE Loaded positions when this Ponzi was created.
I posted my two cents in another fabulous write up Oz did about Achieve, commenting how I hope Johnson & Barnes both do time. What a glorious day this is and one heck of a start to that possibly coming true.
I hope each and every Achieve Community Investor gets their money back and I hope little rocks come from big rocks, via Johnson & Barnes for those who don’t get their money back. Go Colorado Attorney General & SEC!!!
I’m beating myself over the head for getting involved with this company. I usually do my due diligence when researching companies, and I failed miserably on this one.
Luckily I didn’t drop a lot of money on it like a lot of people but it still bums me out that I was so naive. I hope you guys here can forgive me for my stupidity, lol!
Keep up the good work on what you all do.
Try to find her and then …………
Hi I have a question, aerapay are they legit I signed up with them thru achieve and need to know your opinion? legit or fraud?
Cant seem to find out anything with the BBB because there overseas.
Also is there anyway of tracking the moneys ? one company received it when positions were purchased and another was suppose to payout?
if achieves assets did get frozen how would someone prove they had interest?
Secwatchin: How can you say this is the best day of the year, while so many people lost a lot of money? That is not a reason to party!
This is terrible. The money is gone, I am sure of. They are enjoying it somewhere in Asia.
Why would there be otherwise several merchants and payment processors, allways located in Asia….
The problem is no one seem to know which vendor did AC really use. There’s at least three mentioned thus far, maybe more.
@ Richard Schultz
1] if you signed through aerapay, then they ‘seem’ legit. but they are a small processor and have no established reputation, so it’s hard to say. you’ll have to depend on luck!
2] now that colorado and michigan authorities are involved, they will track the money and share the information. wait for their findings.
3] after the initial investigations and court processes, the court will set up a system for returning frozen funds to investors, they will probably supply online claims forms etc . but all this will take some time.
First we were not allowed to be critical. Then we were not allowed to be negative. Now we are not allowed to enjoy being right. Do we have any rights according to ponzi participants?
“party” is the wrong word.
Reason to be glad, YES.
We can be glad it was stopped BEFORE more people were sucked in to it. Yes, people lost money. But if it had not been stopped, EVEN MORE would have lost.
We can be glad it was stopped by the authorities INSTEAD of grinding to a stop or just disappearing – it means the crooks running it will not get away with it. It may discourage others from running or becoming involved with similar scams.
Thom
Let’s make it three reasons to be glad.
We can be glad it was stopped by the authorities BECAUSE when they stopped it, they froze the assets…
That means the victims stand a chance of getting some of their money back.
Thom
To quote Yogi Berra, “It’s like deja-vu, all over again.”
It reminds me of one Thomas Anderson Bowdoin (of ASD) who went to the Florida AG and complained about people who were complaining about his scam. And how they were all wrong he was legitimate, and his lawyer (partner in crime) Robert Garner agreed.
The upline/promoters always says things are OK, even when they are not, so they can fill their own pockets a little more before it all collapses around them.
Anyone want to take bets on them using the “You should have told me that I was doing something illegal and then give me time to fix it” as Bowdoin once tried to use as a defense??
Maybe we should all slow down again for just a bit and watch (after all, this is the “Long Con” we are watching. My condolences for the folks losing money.
Flight a possibility for both Troy and Kristy? You bet. But now they may be trying to flush out who is going to be gullible enough to believe in them prior any official injunction.
There is more to this than what we are able to read, and will get more entertaining for those of us who do our best to protect the less fortunate.
Troy – Kristy – Lets set up a podcast somewhere you can explain (I’ll cover the bandwitch charges for free).
Dunno about you, Boris, but I’ll be damned if I am not gonna enjoy being ‘right’ about using common sense.
My brother got involved in this, and lost $2500. I consider it tuition for Stupidity U.
I forwarded him endless links to MLM, real scam, etc., showing him that this was going to fail, and fail hard.
Our family Christmas was spent arguing because he was so sure he was going to fly us all to the Caribbean next year for the holiday, how much this was going to revolutionize investing, etc. This is a man who went to college!
I can’t imagine how many other families, friends, et. all, have been going through the same thing. Blatant stupidity just gets me angry, and these idiots whining about losing their money lost it because they were stupid to throw their money into something that 15 minutes of research could have easily saved them from.
I will gloat, because this could have all been avoided by people who willingly marched off their own financial cliff.
No sympathy here! You made your bed, and you lie in it!
1st order by the judge will be that Troy turn in his passport and then will be sent in front of the judge to get his charges read against him. the judge will decide bail or no bail.
of course there is a lot more. lol. like the fact that these two scammers have known for quite some time the scam was being looked at and they decided not to tell the ones they beg to believe them now.
Happy I got my money back from my bank just less than 2 days after I put in a complaint and glad both of them will be facing jail time.
@Richard Schultz
Somewhere in this website there is talk about Aerapay. The person that owns it also is facing jail. He was out of Florida some kind of church group.
I would not trust Kelly Thomson either! She blocked me from Achieve!
Why is she in charge of what people say or do? Why did she change the group to Secret! That is a cover up for something.
Well. Here we are. Here is a link to a short Sheepdog posting laying out the bare facts – what is known for certain.
facebook.com/NonOfficialAchieveCommunity/posts/783976108354466?comment_id=783976551687755
And here is a potentially very valuable link from George Dorn over at the Sheepdog. He lays out how you should document your investments with Achieve Backoffice screenshots, etc.
Assuming the various Attorneys General do manage to seize Achieve funds, they’ll get split up. Somehow. After a long time.
So you want to do your homework here. Document your situation in case it is needed for a claim.
There is lots of precedent for the AG’s disbursing monies back to defrauded investors. But you may be assured that some fraction is surely gone. And you may be doubly assured that if you had “earnings,” well, those funds were never really “real,” and you will not under any circumstances receive those “profits.”
facebook.com/NonOfficialAchieveCommunity/posts/784005065018237
Guys, guys, talking about authorities is premature. All we really have on whether the authorities acted or not is allegedly Troy’s own post.
I wouldn’t start celebrating until we see actual announcements by the authorities.
IMHO, there will probably not be two separate actions. Instead, one state will probably take the lead (where Achieve conducts most of its business) and the other will merely cooperate as not to duplicate paperwork. Or they can go to the Feds, but that’s rather unlikely too.
If you paid for Achieve using a credit (or debit) card it’s possible to get a refund on your purchase using CHARGEBACK. This is a legal means to recover your money if the services you received weren’t delivered i.e you weren’t paid.
You have 540 days from the date of purchase to claim. Please google ‘TARA CHARGEBACK’ to find out more.
That’s actually a useful advice in any case. “Make sure you have documentation”, and then suggest some methods people can use.
While I held high hopes, I had started small with them. I earned some and put some back in and made big plans.
Then when things started going south, I stayed positive, but not a cheerleader. I sat quietly and waited.
Troy Barnes called me about a month ago. We’ve talked several times in the past and had a descent connection since I lived near his neck of the woods a few years back.
During this phone call he openly told me that he was damn sure moving the business out of the country. I thought this an odd thing to say. But I chalked it up to the announcements of his engagement to one member who is from England.
I can understand why he wanted to move it out of country. Guess he just wasn’t fast enough.
While you and I have a difference of opinion about Ponzi Schemes (and I am not here to banter you into an argument about them), I respect what you did as an attempt all along to point out to folks to back away from Achieve or don’t get involved.
Keep up the good work, but don’t let your self believe EVERY online business is a scam.
There are some (albeit, few) that are real and legitimate. Thanks.
barnes facebook has disappeared much like his partner in crime did.
It’s possible to save a complete webpage, e.g. a back office page, locally on your own computer. But screenshots are usually much easier to understand.
“How to save a webpage as a file” from Microsoft (Internet Explorer):
As I said, screenshots are much easier to understand.
I have only TRIED to save a complete webpage a couple of times a few years ago, and I don’t know how it will handle elements from a database. The webpages in my tests were saved as one main file (htm or html), plus a folder with all the elements (graphics, scripts, css, etc.).
I stand corrected. It’s there but doesn’t immediately come up for me like it did before. weird
“Windows 8 for Dummies” explained it in a more understandable way.
It had some additional information about those 4 options for file format:
Good stuff. Thanks, guys. I and others have saved archives of some of the Achieve FB pages, Troy’s pages, Kristi’s, etc. The Internet Archive (aka the Wayback Machine) have helpfully archived the readytoachive pages, videos and all.
If someone wants an email with my archive of the current Achieve FB page, communicate with me and I’ll email it to you. (Oz, I don’t know the protocol for that, here. Open to your advice.)
Or maybe I put it in Dropbox or something. Again, people give me an idea of how this might best be handled.
Sorry – should have mentioned – the current Achieve FB page is far and away the most cathartic resource out there right now. 477 posts. Most from disappointed Achievniks.
Substantial dose of “I told you so.” SOme of the people I took to be kingpins (that is, pre-chosen to share in the take) seem just as shocked.
As I’ve said before, I’m new to these kinds of fraud and not experienced in the matter.
K- Chang- I happen to know authorities are involved and it was more than one agency. This being in the state of Colorado because I spoke with the investigator. They were taking this very seriously.
A third option is “Print as PDF”. I’m not familiar with that method, but I know it exists. It will make it easier if you know something later will be used as documentation in a court case.
You can do this with almost any browser by installing PDFcreator. it installs a “printer” called PDFCreator. When you “print” to it from any application in Windows it’ll prompt you for a filename and save as a PDF.
NOLINK://www.pdfforge.org/pdfcreator
I would use free program called Foxit Reader. It also installs PDF Printer service and you can immediately check what you saved/printed and if it is saved correctly.
I tried it personally, for different reason of cause, and it works great.
@Tara
If funds have been frozen via a supressed court order, this might cause problems for any merchants honoring chargebacks.
The funds you invested belong to Achieve, not you.
@Mark
Re. Archives. Not sure why an individual would need archives of general information, but on the regulatory side they’re usually pretty good at collecting it.
Don’t forget investigators in Colorado have been building a case for a while now. That and they have the power to subpoena social media websites (yes, the stuff you thought you deleted is never really deleted…).
@Whip
A whole bunch of comments from yesterday were deleted. He’s obviously accessed the account and been poking around.
yeah. it’s apparently not good to be king anymore.
I am glad this site was created to keep former members updated and abreast of the latest events regarding this scam and fraud.
here is the official achieve post screenshot from 2/14 (Weekend Update by Troy Barnes) imagesup.net/dm-014240649748.png
This Was The Best Info! Thanks, Please Keep Me Informed About Achieve.
That is incorrect OZ, I have managed to get thousands of pounds refunded for affiliates from Banners Broker Ponzi and their funds were frozen.
If you have been scammed you can claim them back. It’s legal and it works. The merchants can then reverse the payments themselves.
Banners Broker wasn’t taken down in the US.
You only have to look at Zeek Rewards and the processors and banks being sued to see what happens to financial institutions who ignore asset freeze orders.
For regulators, having rapidly accessible records without warrrants might be handy.
I’ve observed that informal folks, sending detailed material to investigators, on their own, seem to be able to make regulators jobs’ easier! Certainly faster.
It is true that individuals don’t have as much authority as real gov’t investigators, and no compulsory powers such as subpoenas. But individuals also have fewer constraints.
For individuals, being able to be their own Perry Mason, if they’re into that.
Investigators like them, but not trustees or receivers. 🙂
@Oz, it doesn’t matter. It’s the credit card company that sorts out the detail. The affiliate still gets their refund regardless.
Wow, some great advice that you all have been sharing. I bought 2 units in September after listening to a FB friend assure me it’s on the up and up.
So against the still small voice of my parents (God rest their souls) playing in my head, “If it sounds to good to be true…” yikes. I bought a couple of units.
That’s a lot of money to me. I’m on disability.
I have been reading behind mlm for years. Next time the little voice talks to me, even whispers to me, I am running the other way! I’m running to the thoroughbred track or the otb. The odds are much better there.
Also, Kristi Johnson has removed her Facebook page. Troy Barnes still has one and there are a ton of sappy, sick comments on it but he has forewarned us that he’ll probably have to go.
Maybe Kristi is out of the country, like in Canada with the Thomson women.
There’s a very good reason Barnes’ Facebook page is full of sappy, sick comments.
Anything other than positive comments have been, and continue to be, removed
BUT WHY??? THEY LOVED US SOOO VERY MUCH!!!! WHY WOULD THEY HURT THE ONES THEY LOVED THE MOST?? I NEED ANSWERS!!!! MY HEART IS BROKEN IN HALF!
I WAS VERY CONFIDENT WE WERE ALL GOING TO BE MILLIONAIRES NEXT WEEK!
*Note to marketing team…
Its OPEN SEASON!!!
ALL i can say is NEXT TIME have some more common sense!!
thanks!
Tara,
You are absolutely wrong about chargebacks against a merchant account that has been seized (not frozenm, there is a difference).
If a court order is issued any chargeback done after the court order effective date will be reversed and although the credit card company may eat the loss, and they sometimes do, they can re-charge your account and this they usually do.
I’ve seen it happen many times and up to a year after the person who initiated the chargeback thought they had gotten their money back.
Further, if you attempt to initiate a chargeback after the court order, you could be liable to charges of contempt, which I have also seen happen, although not as often as I would like.
After 10 years I’ve really become quite jaded and cynical about the so called victims in these scams, and honestly I don’ think most of them are as innocent as they claim.
Sorry, just how I see it looking out of the rifle slits here at the well armed bunker complex.
well, i’m seeing a live demonstration of this, on troy barne’s FB page.
since troy went MIA from his FB page on the 13th of feb, most of the ‘love and light’ walked off with him.
instead there’s people setting up new [ponzi] groups, and everybody is clamoring to be invited to those groups.
i don’t know about ‘innocence’, but these people mostly treat these kinds of cyclers etc, as ‘lotteries’, and keep participating in one after the other, in the hope of getting ‘lucky’, in at least one.
are they ‘crooks’? i’m not that sure. are they ‘gamblers’? definitely.
Article updated with news of Troy Barnes claiming the SEC shut down Achieve Community.
Also Barnes’ Facebook profile has been deleted.
but, but, but surely it was legal…….he told us so in his updates. I’m sure once he shows he SEC this, they’ll be home free and we’ll have egg on our faces. lmao
SEC were investigating them along with the FBI and one other federal group. Good riddance and I hope they get their due jail time.
Any news on Kristi?
Hello. Here is a datapoint from a user who had a refund from his Chase card based on Sept and Oct Achieve purchases. He asked to remain anonymous.
poor scammer barnes. the only ‘haters’ are those like himself who hates to have his scam exposed. surely no one can hate saving people money right?
I have a question. Hopefully someone may know the answer.
First off, I’m not an Achiever nor did I put a lot of money in this game. But I was wondering about the people that did put in money and received money back.
What can happen to the money they kept? Especially if it’s tens of thousands of dollars. Are they going to be responsible for returning any of that with the investigation?
I’ve been following this Achieve thing for awhile and noticed some people were paid lots of money. So they claimed.
To the people that invested a lot of money and were screwed, I feel sorry for you but never play with more than you can afford to lose. Let this be a lesson learned.
@evan
We need more details on the regulatory investigation before that can be ascertained.
While we do not know for sure, there are some historical precedents. It will all depend on chain of evidence.
If Reciever will have enough evidence that somebody was a sizable net winner, he would make an effort to recover net winnings.
Usually net winners will bunch together and try to stall Reciever in court. But it is just a delay tactic. They will have to come to some kind of compromise and pay 50%-100% of their winnings back (clawback).
There may be two or more different classifications of net winners. In paragraph above I was talking about you average ponzi net winners. But there is usually 3-20 group of top promoters/owners that are separated into top section.
These people, again with proper evidence, may face criminal charges too. And agree that will not participate in promoting MLM/Pyramids for number of years.
The last may be the worst punishment of all for serial ponzi schemer.
Web sites showing accounts suspended
Wow. Oz, Bell, Chang, Whip and anyone I may have missed, you called it! I’m thankful for this place where I learned so much. Good job guys.
patrickpretty.com/2015/02/18/urgent-bulletin-moving-sec-charges-achieve-community-troy-barnes-kristi-johnson-federal-judge-approves-asset-freeze/
Depends on how the case goes and how well KJ and TB cooperate, it can be handled by a receiver who will “clawback” sue all the “net winners”.
Don’t operate scams and you won’t have “haterz (of scams)” after you.
Seems Feds/ Colorado is taking the lead. Individual states will probably just file parallel cases for reference and leave it alone and let the Feds do the heavy lifting.
I have to ask and this is not meant to be an accusatory question. If you have been reading Behindmlm for years, what was it that made you think Achieve was any different from all the other scams Oz has reviewed?
What was missing in the messages and lessons learned from the past horror stories?
It must be really “good friend” wispering in her ear: “I know people. We can not lose on this one”. This is the only way people who read this blog would join such scam.
She thought she had inside information when to jump in and out while perfectly knowing what she is dealing with.
So tell us, Troy.
Why would the SEC close down a legitimate business just because some “haters” reported it?
Hint: They wouldn’t.
So what happens to an achieve member if they have received say $400 from their initial $50 investment?
Do they have to pay back the $350 so that the original members who invested that money will see it again (being that it is a pyramid scheme)?
if ‘clawback action’ is initiated by the SEC, then yes, the achieve member will have to pay back 350$.
if the amount the SEC can collect from clawback, is not very large, then they may not waste time, effort and money on it. we have to wait and see what the SEC announces.
Please, what is the latest news on The Achieve Community Vs SEC?
Two or three sealed documents were filed last week.
What’s in them we don’t know. Likely they’re to do with the transfer of funds from Hong Kong to the US, but whether or not there’s anything else is as of yet not clear.
Achieve community was a fucking get rich ponzi for the owners Kristi Johnson and troy Barnes in the first place.
And then they were going to take all the money and clear out of the U.S.A. and start another new ponzi scam some where else, where no one knows them and probably change their names.
Thats how these con artist works with setting up MLM’s and websites to attract new people with their lies as of big money.