USI-Tech @ BehindMLM

The gulf between USI-Tech management’s narrative and what actually happened continues to widen, following a January 31st news-release issued by the Texas Securities Board.

Despite assurances to the contrary, USI-Tech continues to run foul of securities regulation in Canada. The latest is a cease and desist issued by the Financial and Consumer Affairs Authority of Saskatchewan (FCAA).

While it’s common for the rhetoric coming out of the MLM underbelly to be at odds with reality, the lenghts USI-Tech and the law firm Hart David Carson are going to misrepresent US authorities stance on securities is mind-boggling. A few days ago USI-Tech co-founder Horst Jicha announced the company’s intention to defy regulators and [Continue reading…]

In the wake of US regulators cracking down on USI-Tech, the company has scrambled to contain fallout from disgruntled investors. A big part of that has been silence on the part of USI-Tech management, who all but went into hiding after Texas issued a cease and desist last month. Following the suspension of US and [Continue reading…]

When USI-Tech canned its biggest investor market around two weeks ago, it should have been obvious they were running on borrowed time. Despite the keeping up of appearances and reassurances by USI-Tech investors outside of the US (coughcough “Global Leader” Sharon James), it appears USI-Tech has been inundated with withdrawal requests. Trotting out the old “we’re [Continue reading…]

If it wasn’t already obvious that USI-Tech management had no intention of addressing regulatory compliance in the US and Canada, communication of renewed promotional efforts elsewhere in the world have all but confirmed it.

Following mounting controversy surrounding Guam Senator Tommy Morrison’s involvement in the USI-Tech Ponzi scheme, the Attorney General of Guam has issued an investor warning.

A few days ago the website “USI-Tech Legal Claims” popped up. The stated purpose of the site is to “address legal harms caused by USI-Tech in the U.S. & Canada”. This site and the related services were created on the eve of USI-Techs sudden, total, and harmful withdrawal from the U.S. and Canada–by attorneys, a [Continue reading…]

In politics a good test of leadership might be how a politician reacts in a crisis. With Guam residents potentially facing hundreds of thousands of dollars in losses, Senator Tommy Morrison has all but hung them out to dry.

For a senator focused on delivering ‘enhanced customer service to the community through advanced technology‘, a “no comment” response in relation to his involvement in a multi-million dollar technology-based Ponzi scheme is baffling. Following a recruitment event held in Guam last June, it is believed hundreds of locals took the plunge and invested in USI-Tech. [Continue reading…]