Randal Williams files suit against eAdGear (FEB)
Yesterday we broke the news that back on March 15th eAdGear, parent company of GoFunRewards had filed a lawsuit against Randal Williams and JubiMax (owned by Williams and the parent company of JubiRev).
Buried within the paperwork eAdGear had filed for the suit was a “Notice of Pendency of Other Action” that revealed the existance of another lawsuit, but this time with Williams suing eAdGear and GoFunRewards.
The suit was filed on the 21st of February 2013 in the Western District Court of Texas (case number 5:2013 CV00125), listing eAdGear Holdings USA (a Califonia based company), eAdGear Inc. (a California corporation), GoFunPlaces Inc. (a California company), SeaFreed Travel (a Florida corporation), Francis Yuen (COO of eAdGear), Charles Wang (CEO of eAdGear), Mike Driggers (Vice-President of GoFunPlaces), Paul Nash (“software architect” of GoFunPlaces) and Kent McLaughlin as defendants and Randal Ray Williams as the sole plaintiff.
In the complaint, Williams (photo right) alleges that eAdGear, GoFunPlaces and it’s management and owners are
- guilty of violating the Texas Business and Commerce Code
- breaching their contract
- breaching their fidicuary duty
- slander and defamation
- tortious interference with a business relationship
- damaging a business reputation
- unfair competition and
- unjust enrichment
Of interest is the ownership structure of GoFunPlaces, which is for the first time revealed publicly in the complaint:
- eAdGear Inc. (est in Hong Kong) owns a 50%
- Paul Nash (GoFunPlaces’ “software architect”) owns 20%
- Mike Driggers (VP of GoFunPlaces) owns 10%
- Randal Williams (former President of GoFunPlaces) owns 20%
Williams opens the complaint with a brief history of his involvement in GoFunPlaces, stating that he
- set up GoFunPlaces with Charles Wang (eAdGear) and Mike Driggers in the British Virgin Islands, and ‘was promised a 20% ownership interest in GoFunPlaces‘
- ‘expended considerable effort and expense in building up the reputation and customer base of GoFunPlaces‘
- entered into a joint venture agreement (JVA) on the 16th of July with eAdGear, Opus Solutions (Paul Nash) and On Target Marketing Group (Mike Driggers)
- achieved sales as President of GoFunRewards ‘represented to the public by eAdGear executives as over $30 million‘
- has ‘never been provided an appropriate accounting of the 2012 revenues
Two of the more startling pieces of evidence Williams has included with his complaint as exhibits are an email written by Paul Nash and William’s own resignation letter to eAdGear.
Williams claims that the Paul Nash email was written to “create evidence” to “grab Randal by the cojones”.
The email was written on February 6th and is addressed to Sherry Williams (Randal’s wife?);
I am writing to you out of respect for you and your family. I know that you understand full well what Randal and I have been through over the years, starting with Prosperity, then DreamStyle Vacations (DSV) and all the other failures inbetween.
Randal and I have been through a lot together, he has often referred to me as his “best friend”. But unfortunately now, he has become totally irrational, going so far as to declare on multiple occasions that he will “die” for this situation.
Unfortunately, because of his hatred of the parties at GoFunPlaces (GFP), he has taken steps to ruin our friendship, lied to me repeatedly and gone as far as telling people that I am some “lackey” (obviously not in control of my faculties or logical enough to manage my own affairs within the confines of an agreement put together to benefit everybody).
This is despite the fact that I myself have been the CEO of multi-million dollar corporations, with hundreds of people under my control and a long 20-year history of proven leadership in CEO/COO/CTO positions.
Sadly, Randal’s deceitfulness is an ongoing issue. Just yesterday I asked him directly if JubiRev was his new company, and he basically denied it (or tried to change the subject… either way).
I know that he has told his new group that he has not received a penny a penny from GFP. He alleges that GFP was so screwed up that he needed to leave and that he is so beyond reproach that he left all his money on the table just for the benefit of these new marketers.
How on Earth he managed to forget the well over $300K that he received over the course of 5 months in profit advances, profits and salary is in itself is (sic) mind-boggling, especially considering where he was financially prior to this deal.
If that huge lie itself was not enough, yet again he lied to me again both verbally and in writing in an email complaining thathe never received a penny for his expenses, and was still owed $15K for his extended stay out in California.
However, he made this statement 3 days after he resigned from the company and more than few weeks after he had already wired $15K to his personal account in Belize from the company account in Texas.
To say nothing of the fact that he had already stolen another $55K and had it in his posession during that same conversation about his expenses, while I was trying to mediate a situation between him and the board where he could leave the company with a sizable payout.
I felt horrified and disgusted after the board informed me of the embezzled funds. This was only hours after I swore to these people that Randal was a good Christian man and that he might be misguided and angry, but he was NOT DISHONEST and would never do anything to damage the company I was a shareholder of.
I was stunned to be so wrong. Only when he was confronted with the fact that the company was aware of the embezzlement, under the threat of prosecution he re-deposited the money. This opens up a plethora of criminal issues for him.
This is more than just misappropriation of funds. The ethical and legal boundaries that Randal has crossed are too numerous to list.
Although the lawyers will spend time detailing each one by one, here’s just a few examples:
Stealing vendors that were introduced to GFP for his new venture. Using the GFP database to market for JubiMax (this is a corporate assett and Randal’s assertion that it was built using his list and efforts is ludicrous.
He cited a handful of regulars off the list that are also a part of GFP yesterday, but they didn’t come off of a marketing campaign using our DSV list.
I know the truth about how this thing was built and I am tired of standing up for Randal’s lies and mis-steps in his zeal to create something new).
Even Jack Smith (the attorney) was a GFP introduction and Nabile (from FLA) will be having a candid discussion about his introduction and the underlying situation.
And oh… let’s not forget trying to decimate the company’s downlines by cross marketing a new opportunity out from under GFP in the middle of being on corporate calls and still selling GFP.
If he was a simple marketer in ANY company, he would have been terminated in a heartbeat and would get NOTHING.
Considering he spent the majority of his time (as well as GFP company resources) working on his new thing for over two months BEFORE sending a lame resignation letter to the company in January, complaining about “all the breaches of contract” and “bad-acts” on the part of GFP, is disingenuous at best and illegal at worst.
Randal’s reasons for his resignation and his allegations of GFP being in breach of contract are bogus.
As a simple example, nowhere in our joint venture agreement does it stipulate that we needed a purchasing agent, a credit card processor or anything governing eAdGear in particular.
Frankly, the vast majority of the crap he cited are all things he should have managed and been responsible for himself, but he was unable to implement because he was too busy having breakdowns, tantrums, threatening to quit and inciting chaos in the office, instead of actually behaving like a grownup and navigating a new infrastructure and set of relationships that in the beginning were amazing.
The goodwill shown from the entire organisation was simply impeccable. Sadly, Randal’s incessant complaints about access and the database ruined the relationship on day one.
Sure it was different than what I was used to, but I made do and was fine fitting into the new requirements to be productive. Obviously Randal simply did not have the experience to be able to be the President of an organization of this magnitude.
(For the record, even Bill Gates doesn’t have “access” to the Microsoft website to be able to make changes… he has a vast network of people who are delegated to do the work.
This is the opportunity that Randal had within GFP and the eAdGear organization. But unfortunately Randal simply refused to “delegate” ANYTHING.)
Randal seemed hell-bent on destroying the team spirit within the company and wearied all of us daily with his incessant complaints about not having access and frequent meltdowns, that were quite honestly an embarrassment to witness.
I cannot begin to tell you the number of hours I spent talking him off the ledge and patting him back into shape and and stop him from self destructing and destroying the company’s financial future and mine as well.
It was exhausting and infuriating. His narcissism and blatant disregard for the wellbeing of others, especially someone he claimed was his closest friend, was reprehensible. He never once paused to consider how his actions would affect me, my family, my wife (who was on chemo) and our ability to survive financially during a very stressful time.
I wanted to simply let you know how dangerous the situation is for him at this point. There is no deal now. The settlement is off. The list of complaints against Randal are extensive, some criminal, some civil.
After all the cleanup work that was done by the techies on the database at the end of the year, they uncovered hundreds of unauthorized transactions performed by Randal issuing special credits to individuals (friends and family we suppose).
This included direct deposits of Lifestyle Dollars that either have no record of purchasing an appropriate package or anything. I have seen these transactions myself at this point after telling GFP that they were crazy… Again I vouched for Randal and explained that he was a man of integrity… but I obviously was very mistaken.
I was stunned to learn that the extra credits alone are costing the company over a million in additional bonus rewards (non-earned) and killing profits.
It is apparent now that he knew he was leaving and was deliberately trying to sabotage our operation on his way out. Is this someone I want to business with? Certainly not.
He never told me or any of the other board members of these deposits, even though they affected the bottom line so negatively… this should have been a board decision.
As I understand it, each transaction would be a separate count of embezzlement under federal law. Best case, any deal should have deducted the costs of these acts from any monies he would have gotten.
I am also well versed in litigation and have managed lawsuits that have won over 30 million in settlements. If Randal thinks he has ANY power in this situation, he is sadly mistaken and I for one AM NOT going to let him ruin all the hard work that I have put in for MY FAMILY.
This includes telling the absolute truth to all the parties in JubiMax so that they can make a well-informed decision about whether they want to be in business with someone who is so untrustworthy.
He will NOT go into the sunset simply owning 20% of this business. I personally plan on calling a board meeting to issue additional shares to people who actually have made a positive contribution to the company, including the techies and others.
Furthermore, as the architect of the GFP comp plan, calling the AG to complain (as he threatens to do over and over again) about how illegal it is… is just ludicrous.
They will ask “so who’s responsible for all this?” and he can’t point to anyone but himself. He creates it, then makes a complaint about it? Again… disingenuous at best. Just plain stupid if you ask me.
Plus those guys just want to go after the money… and they will quickly discover that he embezzled and took most of the profits offshore. Hello?
You know, there is an old axiom in the legal profession about having “clean hands”. I wish Randal understood all of the ramifications of his actions… but his hands are most certainly not “clean”.
I have treated Randal with respect for many years. I gave him the benefit of the doubt repeatedly in this situation.
It is deeply disturbing to see someone I thought I knew behave like this. His actions seem almost demonic. Like he doesn’t have any self control and his rational mind is being overridden by hatred and avarice and ego.
He needs a wakeup call or he may never be able to earn a dime in this business going forward, or any other for that matter.
Ask him how fast FriendSwin died after a lawsuit was published against us. It wasn’t pretty. Neither is a perp-walk on camera in San Antonio.
GFP just hired a former judge as a consultant who was an AG himself for 20 years. All indications are that this is the inevitable outcome for Randal if this thing moves forward.
I just wanted to warn you because you and the family don’t deserve to get into this upcoming mess. And I am certain that you have NOT been hearing the truth from Randal.
I have always thought you were great and a really strong asset to Randal in all his business dealings. Great supporter, sounding board, advisor.
I’m really sorry to be writing all of this but out of simple respect you need to know.
Honestly I don’t even know where to begin with the above email. It wholly speaks for itself, raising some serious questions about William’s conduct, GoFunRewards business model and the future of JubiRev if this is its foundation.
And then there’s “Exhibit D”, Randal William’s own resignation letter sent on the 10th of January to GoFunPlaces’ “shareholders”:
To all Shareholders of GoFunPlaces Inc.,
First I would like to thank all of the shareholders of GoFunPlaces for the opportunity to be the President of GoFunPlaces Inc.
After much thought, discussion and concern, I wish to inform the GoFunPlaces Inc. board members and shareholders that I; Randal Williams am submitting my resignation as President of GoFunPlaces Inc., with my last day being January 14th, 2013.
This is the result of the fact that I do not agree with the way GoFunPlaces Inc. is being run and controlled by the majority shareholders of GoFunPlaces Inc. and numerous other reasons stated below.
I will be available to assist and consult with issues to help GoFunPlaces Inc. address the concerns that need to be addressed in order to help GoFunPlaces Inc. succeed.
With that being said and based upon my resignation as President of GoFunPlaces Inc., I am executing the option to terminate our Joint Venture Agreement, pursuant to my right to do so at Par. 7(c) of the Joint Venture Agreement for “breaches of… material covenant” that are set forth below:
1. Access severely limited as President of the company. Majority owners have stripped me of any authority to get things done; I have no control over programming, support, personnel, financial operations, etc.
2. Access severely limited for Paul Nash the software architect to properly be able to perform his duties and responsibilities, giving him no access to the server, etc.
3. Lack of credit card processing for customers.
4. Technical and legal concerns that I have addressed that have not been resolved.
5. Lack of support from eAdGear programming department to help deliver the project on time from day one.
6. Numerous weekly if not daily technical issues that have caused great problems and distrust with the marketing field affiliates, due to software bugs that eAdGear programmers have interjected, since they took over.
7. Affiliates are highly upset with the parent company eAdGear and the way they are controlling GoFunPlaces Inc.
8. Customer support tickets are averaging daily from 800 to over 1,000 open or past due support tickets for months now.
9. No purchasing agent has been hired to effectively handle vendors, shipping etc.
10. No Operating Agreement, Bank Account or Corporate Officer Legal Support documents have been put together as of date of this letter, leaving me vulnerable to liabilities.
11. Concerns about my name and integrity being questioned due to the way the majority owners are running the company, software bugs, field communications, legalities, etc… This I will not stand for.
12. As of January 9th, 2013, eAdGear In. has taken in all the money approximately $9.5 million US dollars in from customers and not produced any monthly or annual P&L statements for GoFunPlaces Inc. shareholders nor transferred any to a GoFunPlaces Inc. bank account.
13. Shareholder profit distributions have not been paid out on time or up to date.
14. It’s come to my attention from reputable industry source (sic) that eAdGear Inc. is most likely and from my industry experiences believe it is “illegal” in the USA; therefore I cannot have my name associated with such activities.
15. eAdGear Inc. has offered stock shares to USA members without notifying the SEC or following USA SEC law; in the event eAdGear Inc. has legal issues this could not only cause me legal issues but also harm my reputation as a leader in this industry.
16. According to my CPA and Tax Attorney who specialize in Foreign Controlled Corporations; not collecting tax information to report to IRS on affiliate earnings may be a legal issue. Furthermore the way the operations are being run as well may have legal concerns and open me up for legal liabilities.
17. I further believe and there may be an issue of “co-mingling of funds” and/or basically poor money and financial decisions are being made that may or may not be legal here in the USA that once again may open me up to legal liabilities.
18. If need be as a shareholder and to protect myself, I may have to insist upon a “3rd Party” financial audit of the financials and legalities of how the Foreign Corporations are being managed and operated.
19. Violation of 9. Representations. Subsection “F” of the Joint Venture Agreement;
The majority eAdGear Inc. and the shareholders were in a lawsuit with a former employee and distributor at the time of agreement execution and failed to acknowledge it prior to signing agreement.
20. Plus other numerous concerns not listed.
I understand that the Joint Venture has 30 days to correct the breaches under Par. 8 and that I urge it to do so, but if they are not eliminated within the stated 30 days, I will exercise my right 7(c) right to terminate the Agreement and distribute its assets and demand full and proper distribution for myself and any proper parties if any, pursuant to the order specified in Par. 17 “Liquidation”.
These breaches must be completed on or before 30 days of receipt of this letter.
I sincerely hope these issues and concerns can be cleared up during the next 30 days. Should the shareholders like to reach an applicable fair solution to resolve this issue please let me know as soon as possible.
This letter and the contents of this letter are considered “Extremely Confidential”. Any violation of this will be punishable to the extent of the law.
Randal Williams, President
The remainder of William’s compliant essentially focuses on alleged attempts by GoFunRewards and eAdGear to thwart his JubiRev business venture and violating the Texas Business and Commerce Code.
Amongst other things, Williams is seeking “statutory damages” of $30 million USD (not a typo). An additional sum of “actual damages” of $6 million USD is also asked for.
In their own lawsuit against Williams, eAdGear have stated they plan to move for dismissal based on a lack of jurisdiction or if that fails, have the case moved to California.
Going over each side of both cases, it’s hard not to get a sense of vindictiveness arising from failed a failed joint business venture. Whether or not William’s heart was ever in GoFunRewards or he was just there to gain contacts and funding I have no idea, but from eAdGear’s lawsuit and Paul Nash’s email above it certainly doesn’t seem like it.
If anything I get the sense that despite the allegations laid out against him, Williams is incensed that his time at GoFunRewards is now impacting his JubiRev business venture.
How, if the allegations laid out against him are true, this works… I have no idea. One would hope that eAdGear have documented proof of all their claims, and if so, how Williams is going to answer them I have no idea.
Questioning the legality in his lawsuit of GoFunPlaces and being the “architect” of their compensation plan and effective business model isn’t going to help him much either.
Moving forward, whereas with the eAdGear lawsuit it was clear that an “Initial Case Management Conference” has been set for the 11th of June, I’m not entirely sure what happens next in William’s suit.
If eAdGear are to be taken at their word, I’d imagine they’ll be filing a motion to dismiss any day now.
I do know that following breaking of this story yesterday, JubiRev abruptly cancelled their weekly “Executive” call without warning or explanation.
Looking at the bigger picture, what this mess means for the future of both GoFunRewards and JubiRev and whether either company will survive intact remains to be seen.
With the allegations flying between both parties, one can only wonder if the US authorities are sitting in the back somewhere taking notes…
Update 4th April 2013 – On the 2nd of April William’s filed an amended complaint containing new allegations and the addition of Lourata Chan (CFO of GoFunRewards) as a defendant. Analysis of William’s amended complaint can be viewed here.
Here’s a bit of a shocker… Kevin Thompson warned people against… GoFun Places.
Both of these lawsuits provide a fascinating view of the inner workings of what Kevin Thompson has dubbed “leveraged profit sharing” programs.
On one hand gone are the days when Andy Bowdoin could run a major scam out of his wife’s old flower shop, these are big businesses. On the other hand there is still no honor among thieves.
The amazing thing here is the lack of professionalism, both sides accuse the other of committing illegal acts (duh) but they are putting these accusations in writing and submitting them to the courts. On what world does asking a Judge to arbitrate a dispute with your former co conspirators make a lick of sense?
Also instructive here is the pimp forum chatter, news of the impending lawsuits was greeted with one of two reactions. There were those who recognized the danger here and were glad they hadn’t invested and then there were the people who had invested and refuse to acknowledge the danger (at least within view of potential referral commission donors).
Now, if there was just some way to persuade Fredrick Mann to sue JJ Ulrich.,…
Well, several MLM sales groups have sued their parent company, claiming they were tricked into joining a pyramid scheme.
Airing “dirty laundry” in public could be interesting, though I’ll bet this gets resolved really quick as neither can afford the publicity. On the other hand, this could result in more law enforcement scrutiny, and that could only be a good thing.
Guess I better lawyer up now for when the receiver comes knocking…
Kevin Thompson’s opinion on “leveraged profit sharing” programs is laughable considering he approved and endorsed Bidify’s “profit sharing” program to the tune of millions of dollars while he was on retainer.
Actually seems very similar to Troy Dooly’s business model. Point out red flags and concerns until you can shake down the company you are slamming for a retainer or consulting check. Then start endorsing and defending the plan as long as the monthly retainer check clears their account.
I’m not 100% sure this is true. He was on retainer and he did give them advice but I don’t think he ever “endorsed and approved” of the comp plan. In fact I’m sure he didn’t.
Unless an attorney issues a public statement attesting to the fact never believe the people who say “we’ve got the best MLM attorneys so you know we have to be legit.”
Douglas Adkins was outside counsel to Omnitrition and got himself named as a defendant in the case because he filmed a video saying how legal the company is.
So just because a company retains an attorney you shouldn’t believe that they are vouching for the companies business practices. But it is refreshing for Mr. Thompson to admit that “We let Zeek take advantage of the credibility we all work hard to create.” And Zeek isn’t the only one.
I would disagree Glim. He has been on numerous Bidify conference calls clearly endorsing the Bidify business model.
Here is a video of him interviewing Frode Jorgensen that Kevin Thompson personally posted to Vimeo:
Bidify *does* seem much in the same league as Zeek Rewards. However, Bidify was the first to revise their comp plan (virtually the same week Zeek got closed) on KT’s advice. I wasn’t sure about that second revision though (i.e. back to LPSP)
In any case, that’s a part of the CONTEXT to understand KT’s message. The message itself however, is still important.
My point with KT is simply this:
Kevin Thompson wholeheartedly endorsed and approved the Bidify business model prior to Zeek shutting it’s doors. Then within 24 hours of Zeek’s demise, he writes a scathing blog article criticizing their business model while simultaneously begging to become the court appointed receive of Zeek funds.
Less than 72 hours after writing his article and Zeek being shut down, he advises Bidify to change it’s entire model that he had previously approved and endorsed 3 days earlier.
So, after assisting Frode Jorgensen to collect millions of dollars on the premise of “leveraged profit sharing” he has suddenly become the industry watchdog of “leveraged profit sharing” programs.
Kevin Thompson is simply an opportunist who will say or do whatever is in his best interest.
Thanks for that link James, it reminds me that I wasn’t really watching Bidify that closely. I tried to narrow down when that video was shot and I found a still photo from it on a blog post from Troy Dooly on July 19th of last year.
So when Kevin was comparing Frode to Rocky Balboa overcoming past setbacks, Bidify was still using the pre-post Zeek ponzi business model.
But hell, Frode flew Kevin out to Thailand, I suppose he felt obligated to murmur sweet nothings. I stand corrected other than to point out that KT did not directly vouch for the business model in a manner in which he could be held responsible for any defects.
He was fishing for the role as a 30% middleman, a similar role as the local NC attorney.
KT is not specialised in detecting Ponzi schemes, he’s specialised in MLM. And even if he had been specialised in detecting Ponzi schemes, an attorney can’t “investigate” his client’s business in other areas than what his client has asked him to check.
It would be too “uncomfortable” for the client if he has asked an attorney to handle a minor case, and the attorney later sends him a bill for “I have checked all other parts of your life, and you seriously need to change many of them”. 🙂
In an attorney/client relationship, it’s the client who makes the decisions for what he will pay the attorney to “deliver”.
An attorney can’t ASSIST a client in doing something illegal, knowingly or carelessly. But he can’t PREVENT clients from doing anything illegal either, e.g. “My company will keep an eye on you 24/7”.
And there’s the rub.
Where fraud is involved, the “business model” and what really happens can be two completely different things.
MLM attorneys (the smart ones) always make it very clear what they have examined is the “business model” or the “compensation plan” leaving it up to observers to conclude whether or not they (the MLM lawyers) knew all along the whole thing was a fraud, albeit with a legitimate “business model” or “comp plan”
For a lawyer, that isn’t a very professional behavior. It will lower his value in the market rather than raising it.
Attorneys are meant to handle legal issues rather than marketing issues, e.g. acting for marketing purposes. If a client has a credibility problem then he should probably use an image consultant rather than a lawyer.
The Thailand video has clearly lowered Kevin Thompson’s professional credibility (and market value in marketing new businesses). It was rather careless to say yes to something like that.
Written by Bidify Management and sent to the Bidify distributorship on 21May2013. Here is an excerpt about their legal counsel.
So above we read that Kevin Thompson did indeed ensure the distributors that the Bidify model was legally sound.
Now fast forward 3 months to 20August2012 after the fall of Zeek Rewards … The company line is that after consulting with our legal counsel, Kevin Thompson, we are going to change the business model.
Wait a minute!
I thought Kevin said the business model and legal foundation was strong?
With that said, I am not listening to any of these so-call legal counsels again. LOL!
The end result of the above Bidify business model change is that the company got to keep all of the money folks used to purchase those lovely sample bids. And folks spent a whollle LOT! WONDERFUL!
If legal counsel and management had the heebies jeebies about the model between may and November, then in May or whenever legal counsel came on board, the changes in the model should have been made swiftly and decisively to squash the purchasing and giving away of HUNDREDS of MILLIONS of dollars in sample bids.
But that would have caused the company and its consultants to not collect those hundreds of millions of dollars from the folks involved and most likely Bidify would have closed down soon after opening shop.
But instead, they simply stole the people’s money and attempted to justify the same by using the downfall of Zeek as a lame excuse. For Shame!
Forget legal counsel. Phtooey! We trusted legal counsel and executive management. They ‘reassured’ us.
I do, if what they say makes sense. I analyse WHAT they say rather than WHO they are, and often make jokes about it when companies have lined up NAMES to look more legit.
The MLM penny auction model was able to fool several people, including lawyers. People will ASSUME the auctions are highly profitable when they can SEE with their own eyes how active they are.
I asked questions about how many real customers the affiliates had rather than looking at the auctions when I checked Zeek. I found 2 real (non-affiliate) customers in 7 months. One had spent $260 and the other had spent $32.50.
I also found a few people who knew about “someone in their upline” who actually had sold some retail bids to external customers.
THE PONZI MODEL GOES LIKE THIS:
A: Money coming IN from new investors / affiliates.
B: A “system” that looks like real business, but mostly without any real money involved. It can be about “JubiBucks”, “profit shares”, “Cash available”, “AdCredits”, “e-Gold” or whatever.
C: Money going OUT to old investors (the money coming IN under point A).
If A slows down then B can still work, “generating profit” in some non monetary “values”. But C will experience payment problems, since banks won’t accept JubiBucks.
At least it explains where your money ended up. 🙂
“Fraudy” used it to buy some new friends, bonding in Thailand and on luxury cruises. He’s probably diagnosed as “extremely contact seeking with some narcissistic elements” by the veterinarian who regularly prescribes something to stabilize him.
Paul Burks was a bit smarter. He didn’t PAY people to visit him on the Red Carpet Events, they had to pay him. They had to pay EXTRA for “meet the management” rights.
If an organizer is too eager to offer rewards to “leaders” close to himself, it’s better to stay away from the opportunity. You will either be paying the bill for him or be bored to death in all the bonding.
Well, it did indeed make sense. I could care less about the NAMES because I ain’t easily impressed and have never been star-stricken. I don’t cry and faint when I see a rockstar or R&B crooner. LOL!
I looked at Zeekler’s auction TWICE and laughed. I said truly they jest. Selling payza money and a handful of products here and there. Can’t generate millions of dollars being paid daily.
I saw the POTENTIAL with Bidify. They were gonna do it right and legal. We got reassurance from their paid counsel. But as time went on, I saw that the folks who were jamming in the Bidsson auction were us or they were a bunch of schills bidding on behalf of the company. Or of course the so-call credit card thieves.
I had hundreds of customers who NEVER stepped foot in Bidsson to even use their 25 free bids. Who sold me those customers? No comment. LOL!
It was a farce from the beginning and yes… I was had.
That is neither here nor there.
Now the soap opera going on at GoFunRewards with Randall and JubiMax/Jubirev…. I am of the OPINION that Mr. Williams breached the contract by utilizing GFR resources and assets to model JubiMax after GFR.
Before I knew about this lawsuit stuff, I did wonder why Randal left and why T Lemont was holding GFR calls but telling folks how he joined GFR because of Randal and not because of eADgear and about how pissed off he was about operational brouhaha etc.
He went on and on to the members telling them to be patient because he has a Plan B… blah blah blah. I was scratching my head about that call.
So JubiRev was T Lemont’s Plan B, eh? I was on the call to hear about GFR important management updates and got suckered into a GFR gripe session. LOL! Reminded me of Keith Lagos deceiving folks from Zeek while he tried to sell them on Lyoness. Eerily similar.
No i am NOT a leader in Jubirev (looked EXACTLY like GFR to me.). No I am NOT a leader in GFR (I am in and got one friend in and some stranger came in underneath me)
Stay tuned for another episode of: As the World Turns and the Bend Over Sessions Go Round and Round. LOL!
I put a huge amount into jubirev via solid trust pay. Already converted them to jubibucks or jubipoints what ever they call them I had no idea any of this was going on.
Please let me know the steps and what to say to stp so I can try to get a refund they have not launched yet and no commissions have been paid so any help would greatly be appreciated.
Jubirev? Jubimax? A fool and his or her money are soon parted. Good gravy.
Cloning fellow MLM models are quite common, actually. TVI Express scam spawned a dozen different clones, all having something to do with travel. Heck, some are started by TVI Express members who realized they’re in a pyramid scheme… so they cloned the pyramid scheme.
Hilarious, yes, and pathetic.
To everyone asking about refunds, I’d suggest logging into your JubiRev back office and searching for their refund policy.
JubiRev do not make public their refund policy (they only mention its existance) in their public Terms and Conditions, so I don’t know what it is.
Good for Williams! He acted okay! I would have done the same thing
@Dianne…..seriously? If you would have done the same thing, then you would have suffered the same consequences he is about to face if these charges are true.
… and post some information here?
We have 4 JubiRev articles here, and people will probably be asking similar questions in some of them. I can answer them if I know where to find information.
But seriously, I don’t think it will be easy to get a refund from JubiRev in the current situation.
And what legitimate company would do that? Hmmm? Esp. when there’s nothing for any one to BUY with those JuviBucks or whatever?
You mean starting a series of “cyclers”, watch them collapse (and probably sucked off quite a bit of money each time), then tried to collaborate with a Zeek competitor (eAdGear) to start another one (GoFunPlaces), then to betray it and start yet ANOTHER Zeek clone (Juviwhatever)?
PPBlog has an answer in another thread that probably can help you partially in how to solve this.
I’m only IDENTIFYING which post it is, not quoting the whole post. The link should lead directly to the correct post.
Chargeback is an option, if you have paid with credit card. It’s probably a violation of your agreement and should normally lead to termination of your membership.
Put that up as ONE of the possible solutions you can use, but try to check other solutions too?
Check for Refund Policy in your agreement before you use methods like that, and capture a screenshot of that part of the agreement.
Also, close out any accounts you have linked to Solid Trust Pay, and do it ASAP.
That means to not only remove the card from available resources in your STP account, but have the card company close it out and send you a new one with new account number.
How to cancel your membership per JubiMax Promoter Agreement PDF Rules:
However I do not know if it works as I’m still waiting for a response to the ticket I sent. Funny how they are so quick to answer easy questions regarding the “business” but so slow to respond to anything that shows they are legit.
If I read that correct, you’ll NOT get any of the JuviBucks back, as it’s probably not considered to be “inventory”
Yeah that refund policy is awfully vague about JubiBucks investments. Virtual currency isn’t inventory as Kasey pointed out.
I hardly doubt uplines are going to be expected to “buy out” their affiliates’ invested JubiBucks if they wish a refund.
Maybe the delay Honi is experiencing is JubiRev trying to work out what to do with affiliates wanting refunds on JubiBucks. Apparently there was a Corporate call or some such Monday night US time, maybe it was discussed on that.
People normally want their MONEY back, not JubiBucks. 🙂
JubiBucks is a temporarily storage of money paid to the company. It hasn’t been implemented as a “product” or anything similar yet. The company will not successfully be able to defend anything other in court.
I believe people should evaluate chargeback as a solution, plus disconnecting account or card from payment (post #27 #28).
That would have been my first choice if I really wanted to quit, and had expected trouble getting refund. I trust me more than I trust them, so I would have brought the money back to me. Any disagreements or costs are probably solvable. I wouldn’t let them hold my money as a “hostage”.
Another option (if they really want to quit) is to terminate their membership and ask for a refund for money paid in to the company, where no goods or services has been received in exchange for the payment. JubiBucks is neither a product nor a service.
They can’t use repurchase rules, e.g. 90% of purchasing price. The company can probably charge a fee for the costs of membership and cancellation, a NORMAL fee that should reflect the costs of registering a member and cancel a member.
JubiBucks is definitely not a product, and an agreement can’t change that fact. A product is something people buy for the desire to own it and use it. People are clearly not buying JubiBucks for the desire to own it and use it (for other purposes than for storing a virtual value).
Unconfirmed: Reports are flooding in this morning that newly appointed President of GoFunRewards, Glen Jensen, has resigned.
From the GoFunRewards Facebook page:
Thanks for publishing that confirmation littleroundman.
I’m guessing that was before the lawsuits.
Jensen’s dumped GFP to pursue another business, even if it is purportedly family owned that’s still not exactly confidence inspiring for GFP.
“IF”, and, I do mean “IF”, either of the perpetrators of this blatant misuse of the American legal system ever make it into a courtroom, the seamier side of the get-rich-quick industry certainly will make fascinating reading for the public at large.
Investors beware, an affiliate received this from JubiRev support regarding a refund of JubiBucks:
Sounds to me like they think they’re doing affiliates a great big favour if they give them their money back.
That pretty much destroys the “gift certificate” argument. Most states have laws that REQUIRES gift certificates to be refundable.
That effectively proves that JuviBucks are NOT gift certificates, contrary to what some Jubi defenders had been arguing, that they are just paying for gift certificates to be redeemed for future Jubi merchandise (to be determined).
I would have thought the implied ROI guarantee of >100% the price paid for the JubiBucks over 85-105 days would have negated the giftcard argument, but I digress.
Ah, but you know their counter argument… I’m “advertising / promoting” the company and thus I DESERVE a bonus tacked on to the gift certificates I already bought! 😀
(Which is the same argument Zeek heads tried with Zeek… they’re “advertising” Zeek and thus they “worked” for that outrageous 1.5% daily ROI.
A bonus is of course one thing, an implied 100>% guaranteed ROI is another entirely. But yeah, we saw the same crap with Zeek Rewards. It’s like dejavu all over again.
Coincidentally the article I’m currently writing is also loaded with Zeek Rewards dejavu, should go live later today if I can finish it in time.
I am the affiliate whose ticket was sent straight to the Top re the E Cash Refund. I have since been refunded the full amount into my Payza Account.
I am curious as to how the personal response from Jubirev Support is displayed word for word on this site?
I collect information from a variety of sources. Despite looking personal in nature, it appears the quoted reply was not just sent to yourself but rather to any affiliate requesting a refund.
I’ve read data indicating multiple affiliates received the exact same response from JubiRev you did (the one quoted in the article).