Wow, the DOJ sure want to get criminal proceedings against Troy Barnes over with fast. Following Barnes’ indictment on October 22nd, a criminal trial was scheduled for November 16th.
Achieve Community @ BehindMLM
As we last reported back in early October, Kristi Johnson’s sentencing was to take place on November 19th. The sentencing hearing was scheduled following a large number of sealed filings in the case against Johnson, leaving us to speculate on the what had happened. It is believed the reason behind the sealed filings (and general [Continue reading…]
With his partner Kristi Johnson pleading guilty to wire fraud conspiracy back in June and the SEC’s case against Achieve Community continuing, we’ve been wondering what of Troy Barnes? At risk of being found in contempt of court, in late June Barnes had to explain his non-participation in SEC proceedings. Barnes plead ignorance and uses his [Continue reading…]
Following a series of filed sealings for some months now, Kristi Johnson’s criminal trial has been scheduled for the 19th of November. It is believed the reason behind the sealed filings (and general secrecy of Johnson’s criminal case) is related to her former partner, Troy Barnes.
Following a scheduling conference held on August 20th, it looks like it’s going to be a long time before the SEC’s case against Achieve Community goes to trial. Dates now scheduled are as follows:
Facing an order to show cause as to why he shouldn’t be found in contempt of court, Troy Barnes plead ignorance back in June. I don’t have counsel and can’t afford it. I would like to explain that I am guilty of being ignorant in this case. The order stemmed from Barnes’ thus far non-participation [Continue reading…]
As the SEC case against Achieve Community inches closer towards the inevitable, the DOJ’s parallel criminal case against Achieve Community’s founders also progresses. The latest in criminal proceedings against Achieve founders Kristi Johnson and Troy Barnes, sees the DOJ now calling on victims of the $6.8 million Ponzi scheme.
One of the first things serial Ponzi scammers do when one of their schemes goes bust is file disputes with banks, payment processors and credit card providers. The idea is that, even with an SEC injunction in place, financial institutions will cover their client’s losses while they investigate. How effective this is I can’t say, [Continue reading…]
Following a hearing held on July 7th, today we bring you the latest updates in the SEC’s civil case against Achieve Community and its founders.
At an initial appearance hearing held yesterday in Charlotte, North Carolina, Kristine Johnson formally plead guilty to one count of wire fraud. The court accepted Johnson’s plea, with sentencing still to come.