Eaconomy & Hassan Mahmoud sued for unpaid commissions
Eaconomy and owner Hassan Mahmoud have been sued for unpaid commissions.
Plaintiff Ali Saleh, a resident of New Jersey, alleges he is owed $150,000.
Saleh cites himself as a successful entrepreneur” whose “association with a company significantly boosts the company’s sales, recruitment, and profitability.”
Currently, Saleh is promoting Jimmy Bennet’s Manifest securities fraud scheme.
Saleh claims he joined Eaconomy back in November 2021. It wasn’t until June 2022 that he signed a secret backroom deal contract though (referenced as an ICA).
If I’m understanding correctly, Saleh’s backroom deal saw him earn 65% of his entire binary team.
The key provision of the ICA is contained in Paragraph 10 of the ICA. In pertinent part, it states that “65% of volume of any rank qualifies [Plaintiff] for rank in a 1 leg build.”
In other words, Plaintiff would earn 65 percent of the revenue generated by the downline participants in his “leg.”
The contractual provision in the ICA requiring only 65% of volume in a one-leg deal was bargained for and desired by Plaintiff.
This puts him at a significant financial advantage over regular Eaconomy distributors.
Saleh states his time at Eaconomy was “uneventful” until September 2022,
when Candace Ross—a senior executive at Eaconomy, intermittent CEO, and former spouse of Mahmoud—and Michael Talento—also a senior executive of Eaconomy—began communicating with Plaintiff about Mahmoud.
Saleh claims Ross and Talento told him Mahmoud was “embezzling money from Eaconomy”.
After Eaconomy relaunched in 2021, Mahmoud improperly funneled money from ghost affiliate accounts to himself, and/or transferred money from Eaconomy bank accounts to his family members.
As part of this discussion, Saleh purportedly told Ross and Talento that “if the allegations were true, Eaconomy would be better off without Mahmoud involved with the company. ”
Fast forward to December 2022;
Mahmoud texted Plaintiff that Mahmoud was stepping down as CEO from the company because he was terminally ill.
After Mahmoud’s departure from Eaconomy in December 2022, Ross told Plaintiff that Mahmoud lied about being terminally ill.
Ross stated that Mahmoud had contracted with two individuals from whom he received loans in the amounts of $100,000 and $250,000 in exchange for offering a percentage ownership of Eaconomy.
From approximately December 2022 to February 2023, Ross served as interim CEO of Eaconomy
Ross indicated that Mahmoud had stepped away from Eaconomy to avoid fallout from these contracts.
What makes this next part particularly interesting is Hassan Mahmoud and Candace Ross were, evidently up until recently (?), married.
Ross’s time as interim CEO was short and turbulent. Ross began disseminating the allegations about Mahmoud to lower-level distributors and sharing details of affiliate contract deals—such as Plaintiff’s ICA providing for a 65 percent volume one leg deal—to other affiliates and distributors, in breach of contractual confidentiality clauses.
Ross’s actions resulted in calls for Mahmoud’s return.
Apparently Eaconomy’s distributors didn’t like details of their secret backroom deals being shared.
Having miraculously recovered from his terminal illness, Hassan “returned to Eaconomy as CEO in or around early March, 2023.”
On May 2nd, 2023, Saleh claims he “received an urgent email from Eaconomy.”
The email stated that Eaconomy’s legal team has asserted grounds for Plaintiff’s immediate termination, but that instead of proceeding with the termination, Eaconomy would offer Plaintiff two options.
Later that same day, Mahmoud told Saleh over Zoom that he could either resign or have his backroom deal terminated (making him a regular Eaconomy distributor).
Saleh claims both options violated his backroom deal and were “substantially less favorable that [sic] the bargain the parties struct in the ICA.”
Mahmoud purportedly gave Saleh 48 hours to make a decision, after which he learned he also hadn’t been paid a commission on April 28th.
In a subsequent May 4th Zoom webinar, Saleh asserts the reason Mahmoud terminated his backroom deal was because Eaconomy couldn’t “afford to bring Ardon on as an Eaconomy affiliate without terminating Plaintiff’s ICA.”
Ardon refers to Jose Ardon, former Executive Vice President of Be.
Both Saleh and Ardon were involved in the Be pyramid scheme before signing up with Eaconomy.
On the May 4th Zoom webinar, Saleh also confronted Mahmoud about his missing April commision.
Also on May 4, 2023, Plaintiff texted Mahmoud that he had not received the $18,750 that was due on April 28, 2023.
On May 5, 2023, Mahmoud responded that Plaintiff would be paid on May 8, 2023.
But when further questioned about the additional $18,750 due to Plaintiff on May 5, 2023, Mahmoud stated that he was “still deciding” whether he would pay Plaintiff.
Saleh claims it is at this point he realized Mahmoud had no intention of paying him. Saleh resigned his Eaconomy distributor position.
After his resignation, Saleh claims Eaconomy sent him a cease and desist on May 11th.
(Eaconomy) asserted that Plaintiff was in violation of several provisions of the Browsewrap, including a non-solicitation and non-compete clause, a confidential information and proprietary business secrets clause, and a non-disparagement clause.
“Browsewrap” refers to the regular Eaconomy distributor agreement.
Saleh next claims he was contacted by George Lee, his former Eaconomy downline who’s now also in Manifest.
George stated that he heard Plaintiff was terminated from Eaconomy due to inappropriate behavior with female distributors and affiliates.
Saleh asserts he confirmed with at least one other person that Eaconomy was telling people he “was terminated due to inappropriate behavior with female distributors and affiliates.”
Saleh maintains that
any such statements are false, defamatory and allege unlawful conduct by Plaintiff.
As of May 30th, Saleh claims he is owed “at least $187,500”.
Across six causes of action, Saleh’s Complaint accuses Eaconomy of breach of contract and defamation.
Saleh confirmed service on Eaconomy on June 7th. Eaconomy and Mahmoud failed to respond to Saleh’s Complaint, prompting him to file for an Entry of Default on June 27th.
The court clerk recorded Entry of Default against Eaconomy on July 13th.
Saleh confirmed service against Hassan Mahmoud on August 8th.
Following an agreement between the parties, the Entry of Default was set aside and Eaconomy and Mahmoud were given until August 14th to file an answer.
On August 14th and 15th Mahmoud and Eaconomy respectively filed their answers, along with CounterClaims against Saleh.
Not surprisingly, the answers deny accusations in Saleh’s Complaint. In their CounterClaims against Saleh, Mahmoud and Eaconomy claim
Saleh has repeatedly and consistently violated various provisions of the contracts he entered into with Eaconomy, by:
(1) disclosing Eaconomy’s confidential information and trade secrets to competitors and other Eaconomy affiliates;
(2) founding and operating a business that directly competes with Eaconomy;
(3) using Eaconomy’s confidential information and trade secrets to solicit Eaconomy’s affiliates and clients; and
(4) defaming Counter-Claimant to third parties.
Mahmoud and Eaconomy point out that
Saleh recently settled a case with a remarkably similar fact pattern with his other previous employer. See, Epic Trading Co. v. Saleh Carver Enterprises, et al.
Epic Trading is a forex themed suspected pyramid scheme that collapsed last year.
In that case, Saleh’s former employer alleged that, after terminating his relationship with his employer, Saleh stole proprietary information from the company that Saleh subsequently used to compete against the employer in an attempt to solicit the company’s employees and customers.
The former employer also alleged that Saleh engaged in a defamatory campaign against the company.
It is evident that this type of misconduct is Saleh’s modus operandi.
For reference, Epic Trading voluntarily dismissed its filed March 2021 case against Saleh in December that same year.
Eaconomy and Mahmoud go on to allege
Saleh stole Eaconomy’s proprietary information and has been using it to solicit Eaconomy’s affiliates to work for Saleh’s competing business.
In addition … Saleh has engaged in a defamatory campaign against Eaconomy and its CEO, Mahmoud, which began months before Saleh ultimately resigned from Eaconomy.
There’s also an interesting “Uno reverse card” play on Saleh’s alleged “inappropriate behavior with female distributors” claims.
On May 4, 2023, during an in-person meeting in Dubai, Saleh admitted to Mahmoud, and other Eaconomy executives, that he told Eaconomy affiliates and third parties that:
(1) Mahmoud had sexually harassed Eaconomy’s female affiliates; and
(2) Mahmoud embezzled Eaconomy’s funds.
Saleh conceded that these statements were false and that he should not have made these statements.
Saleh was apologetic and admitted that he knew that all of the accusations were lies.
In addition, Saleh stated that any other company would have terminated him for this misconduct.
As the meeting concluded, Mahmoud told Saleh that he needed time to consider his relationship with Saleh and that he would follow up with Saleh.
Less than an hour after the May 4 meeting concluded, Saleh sent text communications to Mahmoud stating that Saleh had been “holding so much darkness and guilt in [his] heart.”
Saleh was referring to the guilt he felt for defaming Defendant and attempting to recruit Affiliates to leave Eaconomy for a competing business.
Less than 48 hours later, Saleh resigned from Eaconomy.
Eaconomy’s and Mahmoud’s Counterclaims are supported by SMS and sworn statement exhibits.
Saleh shared the terms of the ICA with his wife for her to share that information with Affiliates in hopes of recruiting them to his competing company and destroying Eaconomy.
Saleh’s wife openly broadcasted on her public Instagram that she would share the details of the “deals in place in the previous company we were in.”
Because of Saleh’s misappropriation and use of Eaconomy’s Confidential Information, several Affiliates have terminated their relationships with Eaconomy.
Eaconomy’s and Mahmoud’s Counterclaim accuses Saleh of defamation.
I’ve added Saleh’s Eaconomy lawsuit to BehindMLM’s case calendar. Stay tuned for updates as we continue to track the case.
Update 7th September 2023 – Ali Saleh has let us know in the comments below that, due to his “terms of service” ending, he is no longer involved in Manifest.
Update 4th January 2023 – Seems Saleh is having trouble paying his lawyer. This is from a January 3rd filing;
The Plaintiff has failed to pay for legal services … as agreed when the representations began.
Over the past several months, the client was advised that payment needed to be made to avoid an interruption in services.
The filing is Saleh’s lawyer requesting permission to withdraw from the case.
There’s a certain irony in suing an MLM company for unpaid commissions and then not paying your lawyer.
Update 5th March 2024 – Ali Saleh has failed to pay the attorney representing him in his Eaconomy case.
Saleh has also ghosted his attorney and the Nevada court he filed suit in, leaving the future of his case uncertain.
Update 20th July 2024 – This article originally linked to a BusinessForHome article citing Jose Ardon as the newly appointed President of Be.
Sometime in the last week this article has been deleted from BusinessForHome without explanation. A screenshot of the article remains but the link to the previously accessible article has been disabled.
Couple of errors in the below paragraphs:
Thanks. I got smacked with a cold yesterday. Been ploughing through it because there’s stuff going on!
(and at least one of those errors was copied from the lawsuit lulz)
Everybody seems to be getting sick now!
First time I’ve been proper sick in like 5 years. Thankfully it’s not COVID I guess.
Oz, I wish you a quick and good recovery.
Thanks Melanie!
Get well soon!
I guess that’s what they teach at that company to screw and then pretend to be sick.
Dominique Barbee and Caujuan Mayo recruited a whole bunch of people on a lie and now are unavailable because they caught the famous Eaconomy flu.
Ali Saleh has actually left Manifest and launched his own platform. Ali seems to be spiraling.
His own platform or did he whitelabel Manifest like that other guy did?
https://behindmlm.com/companies/manifests-simply-success-collapses-the-latest-wave-reboot/
Thanks Trudy! Woke up today with a splitting headache. Body aches are gone though so at least I can move.
Should be right in a couple of days.
Ali Saleh is my brother. There are a lot of falsehoods in this article, but what should matter to most people is:
1) Ali is being scapegoated as can be seen in the public documents as part of the legal case.
2) Ali has always touted integrity first. After becoming involved with Eaconomy and then Manifest he decided he could not continue to support it and bring his people to that company.
3) His current platform has been in the works for over a year and is simply being used to give a home to his team until he is ready to make his next move. It is not an MLM and he still very much believes in the value MLM offers.
4) He is currently doing his proper due diligence before he plants his flag for his next home. He is not in a rush and will take his time but an announcement should come shortly.
Finally, anyone who wants to invite Ali to a podcast, he is happy to discuss these in detail and provide evidence that he is being scapegoated. Feel free to reach out and I can coordinate.
Ali Saleh is a big qUaDrUpLe ChAmP on social media but then hides behind his brother on here? Rightio.
What is Saleh being scapegoated about? He sued Eaconomy and Hassan. They’re countersuing him for defamation.
Either I’m not following or scapegoat doesn’t mean what you think it means.
If Saleh was posing with Bennett in June 2023, what caused him to leave Manifest between then and now?
Is Saleh’s “current platform” this invest $5000 and make $506,285 in five years thing he’s pitching?
If so I assume this is registered with financial regulators and has a year of filed audited financial reports?
People with integrity don’t commit securities fraud.
Gotta love when people post FALSE info like it’s FACT but I NEVER joined or PROMOTED EAconomy so please show me ANYWHERE where you can prove OTHERWISE!
I created a “Marketing System” for Domonique’s team. The same as I have done for many others.
It’s not my job nor business to vet the company of the system I’m creating just like the creators of WordPress, Clickfunnels or any other builder is NOT getting into your BUSINESS in order to provide a service.
So nice try but Caujuan Mayo has NOTHING to do with this company outside of creating a Marketing System for one of the users. Nothing more nothing less. Now carry on with your ranting.
PS:
Sorry again but I’m far from hiding and super EASY to find. One GOOGLE SEARCH or trip down my Facebook wall will show you that.
And I know Oz probably won’t post it here so I’ll reframe from doing so but you can find my PERSONAL PHONE NUMBER under every one of my youtube videos as well as on the BANNER of my FB page. Sooooo…how can one HIDE when his number is EVERYWHERE idiot?
Hey Oz!
I hope you’re feeling better I saw from your comments you feel sick.
Few things I want to clear up:
1) my compound calculator video is simply showing someone what can happen if you compound 8% a month for 5 years. If you watched the video I made it clear that it’s possible to do it manually or with Ai in the fx world but trading involves risk.
2) I have a lot of respect for “Talento” he’s a great person.
3) I was alongside manifest briefly our terms of service ended a while ago.
4) I have not white labeled any platform Or anything that has to do with any existing forex or forex mlm company.
5) I want to be very clear when I started with Eaconomy, I joined with ZERO deal or contract. I was building both legs.
6) I appreciate the work you do with behind MLM and some of the things you have reported on have saved thousands of people their hard earned money.
What a circus and this is only the newest part of the show.
Hassan and Candace have been burning people for over 5 years now and there are hundreds of thousands of promised, and yet, unpaid commissions.
When Silver Star Live crashed and burned they promised they would pay owed commissions to the people that followed onto the next company. No commissions paid.
This same thing happened again and guess what? Yep, no commissions paid.
I don’t know Jose Ardon… I bailed from eaconomy years ago now. I will say if Jose has a reputation to protect, and perhaps he doesn’t, then he should think about moving forward with Eaconomy.
It is hard to outlive all of this garbage reputation. I mean, Hassan and Candace were sued by the CFTC. That bull’s eye does not go away. It is living under the microscope.
Like I started in the beginning, what a circus.
If you create a blank marketing funnel which users adapt to whatever then you don’t have any liability.
If you create a purpose built marketing funnel for a specific opportunity and that opportunity is fraudulent, that’s you assisting fraud. It’s no different to Ponzi/pyramid script sellers.
The latter would put you in a different basket to WordPress and other platform creators.
Hey Ali, thanks for showing up and the well wishes. I’m feeling better today.
If you’re marketing anything with an automated return that’s a securities offering. Showing people “what can happen” in said securities offering is still a securities offering.
If said securities offering isn’t registered with financial regulators in the jurisdiction it is being promoted, that’s securities fraud.
Thanks for clearing up Manifest, I’ll make a note you’re no longer with the company in the article.
It is sad to see so many people being scammed by this “Company”.
I worked for Eaconomy as a Customer Support Agent before the company shut down the first time.
Candace and Hassan never communicated anything with us, The company shut down and the whole support team got fired without any notice, with an email telling us the company was being terminated as well as our contracts.
To add to that, they gave us all 3 stars on Upwork, preventing us from getting jobs in the future because of that review.
While the support team itself had great reviews, we were working hard, but Candace and Hassan were not the kind of people to care about anything besides money and personal gains.
The truth always comes up, though, so it’s good that more and more people are realizing how disrespectful and disgusting these two people are.
I started doing business with Hasan back in 2019, he launched Silverstar, then disolved few weeks later left owing us money, then launched AI Global Markets and disolving again in few weeks again left owing us money for commissions.
Then we switched and launched Eaconomy from the day 1, helped them grow the company and for the third time he left owing us money. I have solid proof of all this, not just empty talk.
Hasan made more money disolving companies, than running them. He left owing money to all my team and all other teams and then started blaming everyone else for this.
Classic scammer talk. I feel bad for everyone pushing there and not getting paid they should be getting paid and still have shitty EA that blows accounts. Thank God we left.
Imagine being the Top Earner in his first MLM.
1 day away from 100K a month rank advancement on Thursday (Checks Paid Friday) says he is shutting down the company, blames one of the other owners for why he’s shutting it down.
Says you won’t get your check tomorrow but will get it when we launch the new company.
I launched the New Company, once again was the Top Earner, Recruiter and Educator. 9 months went by, I still never received my check from the last company I was promised, so I left.
He promised that same check to all my leaders. They never got it either. So they left.
Then he shut down that company too and held everyone’s paychecks. Even random people who had money in their credit wallet.
He sent a message offering to pay anyone who didn’t move companies after he shut down Eaconomy.
One of my personals wrote for his 4K in his credit wallet. Hassan responded saying “Did you know we are suing Mr. Mackechnie”.
First off that statement was false as I was never served.
Secondly What did I have to do with this man’s 4K you aren’t paying him?
Hassan is a scammer and has lived off of everyone’s commission checks when he shut down the last two companies.
Once Eaconomy has a big leader leave again you will see his true colors when he runs with all your commission checks and goes in hiding.
Hassan has created a jungle in EAConomy. The deals that the top leaders are on is enough to fuel their brainwashing techniques on the lower ranked members.
It’s all one big pit that will soon come crashing down. Be warned, don’t trust anyone from EAConomy.
Right now they collecting cheques and keeping their eyes closed to the scams, lies, double crossing etc. But the minute they are next in line to be done wrong, they’ll start crying publicly.
They all deserve to be blacklisted.
I’ve been in eaconomy;
Ali was the leader always present to support barely saw the rest; he was honest and genuine he never lied to me or my uplines always straightforward.
Hassan is a kid his services are shit. manara is a harmonic scanner which you can downline for 20$ online and they fake the results saying it has 70-80% success ratio.
hercules they never used it just there for presentation reasons; the software is stolen and also is awful made 50% drawdown instead of hassan explaining what happened he kept on saying he never had a losing week (but he forgot to mention a 50% drawdown..).
he then created xenia to hype people and let then forget about athena without giving any explanation.. i also know people who had lots of problems with eaconomy and hassan violating rules ..
This guy lied about being terminated ill he’s a coward ..
Article updated to note Motion to Withdraw from Saleh’s attorney.
Who is Zain Khan and his role as the VP of UK?
They are promoting this business heavily stating that this is a new business and not old.
Your support would be grateful to get Information upon this gentleman and to share any interesting information as it seems that events in UK are going on…!
Also, what’s the current program on affiliates as they only share information either in person or at events. Which is very strange.
Is this genuine program or another reboot of a Ponzi scam?
Reason I’m asking is that my girlfriends are asking me to join and when I’ve seen this article I’m very apprehensive.
Many Thanks
You can run a search for Eaconomy on any BehindMLM page. Never heard of Zain Khan.
TL;DR: Your girlfriends are trying to make a quick buck recruiting you into an MLM company with no verifiable profitable trading history.
Self-titled “VP of sales”.
Basically a standard MLM shill attaching himself to Eaconomy. He’s been peppering the internet with “articles” about how he became a “millionaire at 22”.
Thanks. Didn’t have time to run a search just then.
Working on a banger review that’s going to upset a certain Chairman of the Bawd in Dubai. Ladies and gentlemen, soon yes?
Ooh that sounds positively libellous.
Is it out yet?
Sure is – https://behindmlm.com/mlm-reviews/billionico-review-secret-gspartners-backdoor/
Ronald Naranjo has uploaded a video claiming he was recently terminated from Eaconomy. No specific reason is cited.
Seems to be downline related, i.e. recruitment scammers upset at getting scammed by Mahmoud.
Whole company seems to be a bit of a mess – youtube.com/watch?v=ULzctiyLvX0
No separate article because I get the feeling Naranjo isn’t being wholly transparent as to why he was terminated. His FaceBook profile is also locked.