Eaconomy @ BehindMLM

Hassan Mahmoud has sued his former companies Eaconomy and Icon Academy (Iqonic). Mahmoud filed suit in the Superior Court of California on March 27th, 2026. In addition to former companies, plaintiffs Hassan and Omar Mahmoud name Brian McMullen, Josh Zwagil, Creative Brands LLC, Candace Ross and Michael Tolento as individual defendants.

Iqonic has received a securities fraud notice from Czechia’s Czech National Bank (CNB). As per CNB’s March 31st Iqonic notice; At the time of publication of this notice, [Iqonic does] not have any authorization granted by the CNB. Among other things, the CNB regulates securities in Czechia. Offering unregistered securities violates Czechia’s financial laws and [Continue reading…]

A lawsuit filed by Brian McMullen has accused former business partner Hassan Mahmoud of raiding Iqonic to launch Noa. McMullen’s lawsuit also fills in some gaps with respect to the formation of Iqonic, which we’ll go over before getting into the lawsuit itself.

Eaconomy has secured a preliminary injunction against Ali Saleh. Saleh sued Eaconomy in 2023. Saleh claims Eaconomy owes him $150,000. Eaconomy and owner Hassan Mahmoud filed a counterclaim against Saleh alleging defamation. As part of their counterclaim, Eaconomy and Mahmoud filed for a temporary restraining order and preliminary injunction in April 2024.

Iqonic fails to provide ownership or executive information on its website. Iqonic’s website domain (“iqonic.life”), was privately registered on March 1st, 2025. A BehindMLM reader noted Eaconomy had disabled its website earlier this month. As at time of publication, April 14th, 2025, that remains the case: This prompted me to take a closer look, revealing [Continue reading…]

In what most certainly appears to be a reached settlement, two Eaconomy lawsuits alleging fraud have been voluntarily dismissed.

Eaconomy and co-owner Hassan Mahmoud has filed suit against My Daily Choice owner Josh Zwagil. In a Nevada suit filed on January 21st, Mahmoud claims Zwagil’s company Creative Brands attempted a “hostile takeover” of Eaconomy.

Eaconomy co-founder Candace Ross has sued Hassan Mahmoud. Ross, who is also Mahmoud’s ex-wife, has accused him of “fraud and mismanagement”.

Eaconomy has received a securities fraud warning from the Czech National Bank (CNB). As per the CNB’s November 11th, 2024 warning;

Eaconomy has received a securities fraud warning from the UK’s Financial Conduct Authority (FCA). As per the FCA’s November 25th, 2024 warning;