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…]

One of the assets attributed to Scoville’s use of Traffic Monsoon investor funds is a £290,000 flat and parking space in Manchester, UK.

The use of investor funds to purchase the property in 2015 means the asset belongs to the Traffic Monsoon Receivership estate.

The Receiver has keys to the property but was unable to file a notice of Receivership against the flat because, according to the Land Registry, ‘the Receivership Order is not directly enforceable in the United Kingdom‘.

Not particularly concerned because she had access to the property and Charles Scoville was legally forbidden from selling the flat off, the Receiver settled for monitoring the flat from the UK office of her law firm.

Due it being owned by the Receivership Estate, fees and taxes to maintain the property have been covered by the Receiver since mid 2016.

Despite all of this however, Charles Scoville went ahead and sold the flat anyway on November 28th, 2017. [Continue reading…]

On June 5th a Florida District Court Judge appointed a temporary MOBE Receiver.

The Receiver has taken control of MOBE’s assets and will work towards an eventual distribution of losses to Matt Lloyd’s victims.

In the meantime Lloyd himself appears to be in hiding. [Continue reading…]

A BitClub Network investor warning has been issued by the North Carolina Securities Division. [Continue reading…]

If someone offered you free access to an advertised pay per view broadcast in your home, you’d assume it was pirated – right?

Not TVizion, who claim complete ignorance the “free” PPV streams they offered in promotions were pirated. [Continue reading…]

The FTC’s request for a Temporary Restraining Order against MOBE is supported by over 4557 pages of evidence.

This includes:

• declarations from multiple MOBE victims (168 complaints were filed with the FTC)
• citations from MOBE’s 2016 case against Digital Altitude
• evidence collected from transcripts of communications between undercover FTC agents and MOBE staff
• evidence collected via the attendance of undercover FTC agents at MOBE events
• evidence collected from multiple banks and payment processors
• evidence collected from hotels and property leasing agents
• trademark application filings
• MOBE corporate registrations and filings
• citations from MOBE’s website and compensation plan and
• MOBE video marketing presentations

On the basis MOBE is an “illegal scheme”, the FTC requested an ex-parte TRO on June 4th. [Continue reading…]