WorldVentures will exit bankruptcy through a proposed acquisition by Verona International Holdings. As per a press-release issued by WorldVentures on June 3rd;
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WorldVentures has secured a preliminary injunction against former executive Kenneth E. Head (aka Eddie Head). As alleged by WorldVentures, upon leaving the company Eddie Head essentially began replicating its travel opportunity at Seacret Direct. The granted preliminary injunction prohibits Head, who was recently appointed President of Seacret Direct, from having any involvement in Seacret’s newly [Continue reading…]
In a complaint filed on March 30th, travel merchant Viva Voyage has accused WorldVentures of “illegal conduct (that) greatly endangers the public”.
As part of his defense against WorldVentures seeking a preliminary injunction against him, former President Eddie Head filed a declaration on March 24th. Head is joined by Byron Schrag, Izhak Ben Shabat, Matt Morris and Muzafer Najfi, who each filed separate declarations a day earlier on March 24th. Kenneth “Eddie” Head – hired by WorldVentures [Continue reading…]
Izhak Ben Shabat, co-founder and CEO of Seacret Direct, has filed a lengthy declaration detailing WorldVentures’ collapse and the months leading up to it. Shabat’s declaration was filed in support of Eddie Head, who is a defendant in proceedings initiated by WorldVentures.
WorldVentures has secured a Temporary Restraining Order against former President Eddie Head. Pending the outcome of an upcoming preliminary injunction hearing, Seacret Direct’s travel plans might be over before launch.
In news that shouldn’t come as a surprise, Spherature Investments, WorldVentures’ parent company, has filed suit against Seacret Direct.
WorldVentures has filed a lawsuit against Eddie Head. As revealed in the lawsuit, the on again off again Seacret merger is officially dead.
Something strange is going on between WorldVentures and Seacret Direct. Since filing for Chapter 11 bankruptcy, Seacret Direct has poached three high-level executives from WorldVentures. Now, in a communication sent out to distributors, WorldVentures has confirmed ” there is no plan for a merger with Seacret”. What is going on?
WorldVentures’ Chapter 11 bankruptcy has seen two executives quit the company. Last week WorldVentures COO Michael Poates announced the departure of CSO Eddie Head, and SVP of Global Sales Justin Call.