Visalus @ BehindMLM

Visalus Italian criminal suspects named

So apparently there’s a Visalus criminal investigation going on in Italy. If this is the first you’re hearing of it you’re not alone.

What happened to Visalus? (explained)

Late last year we reported on Visalus appearing to be sold off to Pruvit. The transaction was strange, absent not even a simple press-release to announce the transaction. Following a tip-off from a reader, BehindMLM has learned a whopping $925 million judgment was likely behind Visalus’ downfall.

Visalus quietly sold off to Pruvit?

I received an email tip-off that Visalus had been sold off to Pruvit. There is evidence out there to support the claim, but to date neither company appears to have publicly acknowledged the sale. Strange much?

Visalus pyramid scheme class-action settlement options explained

News of the recent Visalus class-action settlement appears to have spread, resulting in a number of queries from victims as to how to proceed. Following a spate of enquiries over the last few days in particular, I figured it’d be worthwhile putting up a guide for victims unsure of what their options are.

$450,000 payday settlement for Visalus securities fraud plaintiffs

It appears somebody at Visalus is intent on settling the company’s outstanding lawsuits. After reporting on settlement of Visalus’ pyramid scheme class-action, next on my calendar was an update on the Visalus securities fraud class-action. To my surprise that case also had a settlement submitted for approval on May 23rd.

Visalus agrees to not run a pyramid scheme… for three years?

A settlement has been reached in the long-running Visalus pyramid scheme class-action lawsuit. One of the conditions in the submitted settlement will see Visalus agree to stop paying on recruitment… …but only for three years. What?

Liv Review: Visalus lifestyle company spinoff

Liv launched in mid 2017 and describes itself as an ‘invite-only, global lifestyle community for passionate people‘. The company is headed up by Visalus co-founders, Nick Sanicola (CEO), Blake Mallen (President) and Ryan Blair. Curiously, Visalus is not mentioned in any corporate bios or the “about us” section of Liv’s website. Although they are presented [Continue reading…]

Visalus Amazon racket lawsuit settled in secret?

Last July former top earner Michael Gehart filed a lawsuit against Visalus. Gehart alleged Visalus was an “illegal pyramid scheme”. He also the claimed the company ran a secret Amazon retail racket, effectively giving Gehart an unfair advantage over other Visalus affiliates. In early 2017 Visalus took control of the Amazon racket, prompting Gehart to [Continue reading…]

Visalus securities fraud lawsuit partially dismissed, case not over

Roughly nine months ago a lawsuit was filed against Visalus alleging securities fraud. Allegations in the lawsuit pertain to Visalus’ Founders Equity Incentive Plan, through which an estimated $15 million was invested in virtual shares. Those who invested were promised shareholder status and “dividend payments”, which never materialized. The lawsuit is an attempt by three [Continue reading…]

Visalus prohibited from voiding equity shareholders’ legal rights

Despite representing affiliates who invested in Visalus’ “Founders Equity Incentive Plan” were accepted and qualified for two years, the company recently sough to back-pedal on its representations and agreements. The dirty move appears to be a direct response to a round of document subpoenas, served on Visalus and a top affiliate by the Colorado Securities [Continue reading…]