Category: MLM Lawsuits
BitClub Network Promoters Arrested For $722 Million Ponzi Scheme Charges
December 11, 2019
Three men were arrested today in connection with a cryptocurrency mining scheme that defrauded investors of $722 million, U.S. Attorney Craig Carpenito announced. Matthew Brent Goettsche, 37, of Lafayette, ...
Kannaway Promotes Alex Grapov To Chief Sales Officer
November 18, 2019
Medical Marijuana, Inc. (“the Company”) (OTC: MJNA), the first-ever publicly traded cannabis company in the United States that launched the world’s first-ever cannabis-derived nutraceutical products, brands and supply chain, announced today that ...
Karatbars Denies Scandall Allegations
November 14, 2019
According to Germany based Karatbars statement: No Scandal: Karatbars Denies Allegations The German gold and technology company Karatbars is vehemently denying recent allegations from the German business journal ‘Handelsblatt’, ...
BREAKING NEWS: Neora Files Suit Challenging FTC’s Attempt To Change Direct Selling Laws
November 1, 2019
The Federal Trade Commission (“FTC”) has recently targeted the direct selling industry, trying to change the way direct sales companies can operate without going through the proper legislative process ...
Karatbars CEO Harald Seiz: CoinDesk Spread False Information
October 8, 2019
Recently we have reposted an article written by leading Crypto Currency news website Coindesk. According to Karatbars CEO Harald Seiz it if false information and the company asked Business ...
AdvoCare Will Pay $150 Million To Settle FTC Charges
October 2, 2019
AdvoCare Will Pay $150 Million To Settle FTC Charges it Operated an Illegal Pyramid Scheme Multi-level marketer AdvoCare International, L.P. and its former chief executive officer agreed to pay ...
Bank Of Ireland Employees Set To Testify In OneCoin Case
September 30, 2019
One of the defendants in the case maintained corporate bank accounts at Bank of Ireland; through these accounts he is alleged to have laundered over $300 million in OneCoin ...
Herbalife To Pay $20 Million For Misleading Investors
September 27, 2019
The Securities and Exchange Commission today announced that Herbalife Nutrition Ltd.—a direct selling company with operations in over 90 countries— has agreed to pay $20 million to settle charges ...
Nick Sarnicola Named As President Marijuana Company Curaleaf Holdings
September 25, 2019
Nick Sarnicola, Select’s new president, has also long been a top executive and CEO of a Michigan company called ViSalus, which sells protein powder and vitamins for weight-loss shakes. ...
Avon Called To Face Lawsuit For Discriminating Against Women
September 25, 2019
Avon will have to face off in court against two former employees who say the company, which bills itself as being “the company for women,” discriminated against them after ...
$12 Million KaratBars Fraud Allegations Dismissed By German Court
August 27, 2019
Steinberg Marketing GmbH, Mainz, Germany informs by press release: The Karat Gold Cooperation failed in two respects and thus also in the final instance, i.e. its attacks against Steinberg Marketing ...
USA Judge Approves Lead Counsel In $4B Class Action Suit Against OneCoin
July 26, 2019
A New York’s federal judge has announced his decision of appointing Levi & Korsinsky and Silver Miller as the lead counselors of the $4 billion class action lawsuit against ...