As annoying as the GDPR might be, lo and behold some good has come of it.

Before we get into that though, let’s revisit early 2017. [Continue reading…]

A new motion by the FTC has requested the currently scheduled preliminary injunction hearing for June 26th be pushed back to July.

The FTC’s motion has consent from all of the named defendants, as well as the court-appointed temporary MOBE Receiver. [Continue reading…]

Of the affiliate lawsuits filed against LuLaRoe that are still playing out, the most prominent is a proposed class-action pertaining to the company’s return policy.

The six-count complaint claims damages in excess of $5 million and seeks to represent a nationwide class of distributors who either attempted (unsuccessfully) to return inventory or purchased inventory during the five-and-a-half month period in which LLR had a “100% Buy Back” policy.

The complaint claims unjust enrichment, breach of contract, and deprivation of distributors’ investments, among other things.

As of April 17th, the lawsuit had been stayed pending the outcome of compulsory arbitration.

On June 14th a Joint Status Report was filed, providing insight into how arbitration is playing out. [Continue reading…]

Following his indictment earlier this year, Payza co-founder Firoz Patel went into hiding.

Now, if a June 12th Facebook status update is to be believed, Patel has resurfaced in Quebec, Canada. [Continue reading…]

As it stands there are currently five active lawsuits filed against BitConnect and top investor defendants in the US.

Here’s an update on their current status as of June 16th, 2018. [Continue reading…]

LuLaRoe was founded in 2012 and was incorporated in California a year later in May, 2013.

Heading up the company is the co-founder husband and wife team, DeAnne and Mark Stidham (CEO).

LuLaRoe itself is an amalgam of the names of DeAnne Stidham’s first three grandchildren.

The LuLaRoe website very much presents Stidham (then DeAnne Brady) as the driving force behind the company.

Prior to LuLaRoe DeAnne had found success in network-based marketing.

It was during this time that she learned an important lesson; if you want to be someone who gets things done, act like you already are.

This self-empowering idea crystallized in her mind and directly led to her success with LuLaRoe.

DeAnne had long dreamed of one day creating her own clothing line. With the help of her husband Mark, LuLaRoe was launched.

Despite my best efforts I was unable to ascertain which companies DeAnne Stidham had success with prior to LuLaRoe.

Nonetheless LuLaRoe’s commercial success can’t be denied, with the company reporting around $1 billion in sales as of 2016.

LuLaRoe hasn’t had any run ins with regulators, however the company has defended numerous civil actions filed by former affiliates and customers.

In February, a lawsuit in Pennsylvania alleged the company collected sales tax from customers in states that actually don’t have a sales tax.

In March, after concerns about the quality of the brand’s apparel resulted in thousands of complaints on its Facebook and Twitter pages and inquiries with various municipal business bureaus, two LuLaRoe customers in California filed a class action lawsuit over the damaged goods.

The most prominent of these was a $1 billion dollar proposed class action filed in October, 2017.

Three former affiliates alleged LuLaRoe

encouraged them to borrow money, get loans, take out credit cards, and some were even asked to sell their breast milk to attain funds to purchase inventory.

The lawsuit was voluntarily dismissed without explanation on January 12th, 2018.

Read on for a full review of the LuLaRoe MLM opportunity. [Continue reading…]

Last we checked on Redwood Scientific Technologies, parent company of RengaLife, they were continuing to dig themselves a deeper hole over alleged FTC Act violations.

Redwood have missed multiple production deadlines, primarily relating to discovery requests by the FTC.

Following a motion by the FTC to find Redwood in contempt of court, a hearing was held on May 29th.

It wasn’t until June 12th however that an order was made. [Continue reading…]

The FTC are looking to depose Susan Zanghi, one of three individual defendants in their case against MOBE.

In an unusual turn of events, prior to Zanghi’s deposition the FTC have filed an emergency motion to unfreeze $5000.

The requested funds are to pay for limited legal representation at Zanghi’s deposition. [Continue reading…]

Rather than clear his name with evidence he isn’t a serial scammer, Frank Calabro Jr. has agreed to stop committing securities fraud in North Carolina. [Continue reading…]

Following a series of reported non-payment of owed commissions, David Wood issued World Ventures with multiple deadlines.

World Ventures appears to have responded in kind by terminating David Wood as an affiliate sometime in the last 24 hours.

Unless World Ventures reverse the termination by 10 am Wednesday, June 13th, Wood has vowed to “entirely destroy” and “shutdown” the company. [Continue reading…]