Mike Azcue settles WorldVentures bankruptcy fraud for $850K
Former CEO and WorldVentures Director Michael Azcue has settled with the Spherature Investments Liquidating Trustee.
World Ventures @ BehindMLM
BryteLyfe Review: Wes Melcher reboots WorldVentures model
BryteLyfe operates in the travel MLM niche. The company does not provide a corporate address on its website or social media profiles. Heading up BryteLyfe is founder Wesley Melcher (aka Wes Melcher, right). Both BryteLyfe and Melcher are based out of Texas. As per his LinkedIn profile, Melcher (right) started his MLM career off with [Continue reading…]
iGenius, DreamTrips & Jifu under investigation in Poland
iGenius, DreamTrips and Jifu are under investigation in Poland. The Office of Competition and Consumer Protection (UOKiK), is specifically investigating whether these companies are pyramid schemes.
DreamTrips Review v2: Who is Verona International Holdings?
Following its Chapter 11 bankruptcy, DreamTrips emerged as the successor to WorldVentures about a year ago. DreamTrips came about as a result of Verona International Holdings acquiring WorldVentures’, namely the MLM company and Rovia (WorldVentures’ in-house travel services provider). BehindMLM reviewed DreamTrips in November 2021, following a November 16th launch announcement. A reader recently wrote [Continue reading…]
Wayne Nugent refusing to hand over WorldVentures passwords
As part of WorldVentures bankruptcy proceedings, Wayne Nugent is required to hand over ‘passwords to certain internet domains that belong to’ parent company Spherature Investments. He hasn’t, prompting the Liquidating Trustee to file for contempt.
DreamTrips offers affiliates “up to 60%” of owed commissions
When it filed for bankruptcy last December, WorldVentures owed affiliates millions of dollars in unpaid commissions. As part of its acquisition of WorldVentures, DreamTrips International is now offering WorldVentures affiliates “up to 60%” of owed commissions.
Wayne Nugent’s secret WorldVentures bankruptcy payments
The beef between WorldVentures’ current owner, Verona International Holdings, and former owner Wayne Nugent is starting to take shape. We first came across news of a potential lawsuit between Verona and Nugent a few weeks ago. An interpleader complaint, filed by Seacret Direct against Nugent, details payment issues between the parties.
DreamTrips Review: WorldVentures survives Ch 11 bankruptcy
DreamTrips was initially the name of WorldVentures’ travel service product. It has now been launched as a stand-alone MLM company. Who owns DreamTrips is murky. WorldVentures filed for bankruptcy in December 2020. Those proceedings culminated in Verona International Holdings acquiring what was left of WorldVentures in June. At the time Verona International Holdings had no [Continue reading…]
WorldVentures settles with Seacret Direct & Eddie Head
WorldVentures has settled its litigation against Seacret Direct and Eddie Head. The MLM company, currently in middle of bankruptcy proceedings, filed suit against the parties earlier this year.
FTC sends 379 MLM companies deceptive/unfair conduct notices
Nov.02, 2021 in
ACN, Ariix, CashFX Group, companies, DFRF Enterprises, Dubli Network, Eaconomy, EmpiresX, Empower Network, ForeverGreen, FutureNet, GVO, Herbalife, iMarketsLive, Investview, Jeunesse, Karatbars International, LaCore Enterprises, Le-Vel, Lyoness, Nu Skin, Nui, OneCoin, OnPassive, Paparazzi, regulation, Seacret Direct, Sisel, Traffic Monsoon, USFIA, Valentus, Visalus, Wakaya Perfection, World Ventures, Young Living, Youngevity
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The FTC has issued at least 379 MLM companies with deceptive and/or unfair conduct notices. This was announced by the FTC on October 26th. If it slipped under your radar, you’re not alone. I learned of the FTC’s announcement via a tip sent in by a reader. At first I thought there was some funny [Continue reading…]
