Brent Willis settles NewAge fraud with SEC for $175,000
Brent Willis has settled a fraud lawsuit brought by the SEC for $175,000. The SEC filed suit against Willin in 2022, alleging fraud tied to Willis’ role as former CEO of NewAge.
Ariix @ BehindMLM
NewAge Liquidator sues former execs for “substantial harm”
The NewAge Liquidator has sued NewAge’s former executive team for “substantial harm”. The Defendants … brought financial devastation to the Company through their grossly negligent, reckless, and/or willful abdication of their fiduciary obligations and other unlawful conduct. Named Defendants in the NewAge Liquidator’s May 31st Complaint include:
NewAge rebrands as PartnerCo post bankruptcy
NewAge has come out of bankruptcy with new ownership and a new company name; PartnerCo. PartnerCo’s new “identity” announcement was made on February 13th… …although plans for the rebranding appear to date back to January:
Ariix fined €960,000 EUR for consumer fraud in Italy
Ariix has been fined €960,000 EUR for consumer fraud by Italy’s Competition Authority (AGCM).
NewAge settles Securities and Exchange Act violations with SEC
NewAge has settled violations of the Securities and Exchange Act with the SEC. As per an October 19th order, NewAge consented to a cease and desist.
SEC sues former NewAge CEO Brent Willis for fraud
The SEC has sued former NewAge CEO Brent Willis for fraud. According to the regulator, Willis told porky pies which contributed to NewAge’s “growth and success”.
NewAge’s bankruptcy preceded by sabotage and extortion
NewAge’s bankruptcy just got a whole lot more interesting. Having secured NewAge through a Purchase Asset Agreement back in August, John R. Wadsworth’s first order of business is suing the company’s former executives. Update 19th October 2022 – Clarification on the above sentence; while Wadsworth did sign a NewAge purchase agreement back in August, the [Continue reading…]
NewAge sold to Morinda founder John Wadsworth’s nephew
Approval has been granted to sell NewAge off to original Morinda co-founder John Wadsworth.
NewAge files for Chapter 11 bankruptcy (Ariix & China)
NewAge filed for Chapter 11 bankruptcy on August 30th. The filing affects subsidiary MLM companies Noni by NewAge and Ariix.
FTC sends 379 MLM companies deceptive/unfair conduct notices
Nov.02, 2021 in
ACN, Ariix, CashFX Group, companies, DFRF Enterprises, Dubli Network, Eaconomy, EmpiresX, Empower Network, ForeverGreen, FutureNet, GVO, Herbalife, iMarketsLive, Investview, Jeunesse, Karatbars International, LaCore Enterprises, Le-Vel, Lyoness, Nu Skin, Nui, OneCoin, OnPassive, Paparazzi, regulation, Seacret Direct, Sisel, Traffic Monsoon, USFIA, Valentus, Visalus, Wakaya Perfection, World Ventures, Young Living, Youngevity
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The FTC has issued at least 379 MLM companies with deceptive and/or unfair conduct notices. This was announced by the FTC on October 26th. If it slipped under your radar, you’re not alone. I learned of the FTC’s announcement via a tip sent in by a reader. At first I thought there was some funny [Continue reading…]
