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.
World Ventures @ BehindMLM
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.
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 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 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.
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…]
Last month WorldVentures filed a proposed “compromise and settlement” reached with plaintiff Viva Voyage. The proposed settlement was approved by the bankruptcy on October 4th.
WorldVentures will exit bankruptcy through a proposed acquisition by Verona International Holdings. As per a press-release issued by WorldVentures on June 3rd;
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”.