The National Reserve Bank of Tonga has issued a warning against participation in WorldVentures. WorldVentures’ business model sees the company sell travel related services to retail customers on the front-end. On the back-end, where...
Tagged: World Ventures
Police in Jackson, Tennessee are seeking help in apprehending a debit card fraud and theft suspect. CCTV footage shows the suspect wearing beige cargo shorts and a black hoodie, emblazoned with WorldVentures’ logo. Given...
In response to a lawsuit filed against them by WorldVentures, Ariix has come out swinging. The company has brought to the court’s attention WorldVentures’ pyramid scheme ban in Norway and tax evasion investigations in...
WorldVentures response to Rwanda declaring the company was an illegal pyramid scheme was certainly strange.Rather than prove it wasn’t a pyramid scheme, WorldVentures brushed off the ban by claiming it didn’t do business in Rwanda.
This caught the attention of several Brazilian WorldVentures affiliates. Because despite Brazil not appearing on WorldVentures list of authorized countries, business in Brazil is booming.
According to WorldVentures own Policies and Procedures (section 4.18);
Because of critical legal and tax considerations, WorldVentures must limit the sale of WorldVentures products and services, and the presentation of the WorldVentures business to prospective customers and Representatives located within the United States or…
Following an internal investigation into WorldVentures by Rwandan authorities, yesterday the Rwanda Development Board issued a pyramid scheme warning to the public.The RDB’s announcement, signed off on by CEO Clare Akamanzi, states that WorldVentures is operating in Rwanda illegally.
According to the RDB, the illegality of WorldVentures in Rwanda is two-fold;
Firstly the company is not registered to do business in Rwanda, as required by law.
Yet despite this, the RDB claims to have observed
some company representatives (claiming) they have authorization from the Rwanda Development Board and other Government entities – a false claim, intended to delude the public.
Secondly, writes the RDB;
Having investigated the…
Following on from a Temporary Restraining Order and contempt charge, WorldVentures has been granted a permanent injunction against David Wood.The Collin County Court case docket reveals WorldVentures and executives Wayne Nugent, Daniel Stammen and Josh Paine, appeared as plaintiffs at the scheduled August 27th trial.
Despite being served notice of the trial, David Wood failed to make an appearance.
After hearing testimony from a witness, the trial proceeded.
WorldVentures and its executives were granted a permanent injunction. Wood has also been ordered to pay $21,889 in court and legal costs within 30 days.
As per recent videos on David Wood’s various YouTube channels, he’s currently…
Following WorldVentures’ filing of a contempt motion on July 27th, David Wood has been found in contempt of court.The August 8th case docket states that WorldVentures’ attorneys attended the hearing. David Wood failed to make an appearance.
An unnamed witness was sworn in, testimony heard and then the contempt motion was granted.
Following termination of David Wood’s WorldVentures affiliate membership and subsequent threats, the company is pursuing an injunction against him.
A trial to decide the matter remains scheduled for August 27th.
Wood meanwhile has been quiet on his YouTube channels over the past few weeks, but still maintains his “Teaching of King David” blog.
Following other top affiliates that have sued the company for unpaid commissions, now comes Devraj and Cassandra Soojay with a lawsuit demanding $106,000.According to their complaint, filed in a Texas District Court on July 5th, the Soojays identify themselves as ‘the #1 earning independent sales representative(s) for … WorldVentures in South Africa‘.
The Soojays joined WorldVentures in 2009 and as WorldVentures International Marketing Directors, claim they are entitled to ‘residual monthly payments … of approximately $60,164‘.
The Soojays claim that since last October, WorldVentures has only paid them $65,000 out of the $156,000 they’ve earned in commissions.
WorldVentures admits that it currently owes Plaintiffs…
Since revealing WorldVentures owes one of its affiliates almost $100,000 in unpaid commissions, we’re receiving confirmation that other affiliates are in similar predicaments.One such affiliate is WorldVentures’ top Asian affiliate, Dennis Bay.
Bay resides in Hong Kong and, in a lawsuit filed in Texas on April 11th, cites himself as WorldVentures’ number one earning affiliate “for all of Asia”.
As an independent representative of WorldVentures, Bay has spent the last seven years building his business and traveling across the country promoting WorldVentures.
Roughly seventy percent of the entire company downline in Asia market is from Bay’s work.
Bay has, through his own hard work, marketing,…
Having successfully overturned an ex parte TRO, defendants MaVie and Ariix have survived WorldVentures’ motion for a preliminary injunction.In a July 25th order, Judge Mazzant found WorldVentures had only provided evidence to warrant a preliminary injunction against Jonathan McKillip.
WorldVentures had cited a number of reasons for an injunction, with the court ultimately deciding it would only address McKillip’s alleged breach of contract.
McKillip signed three different contracts in connection with his employment for WorldVentures:
(1) a Confidentiality and Proprietary Rights Agreement;
(2) a Consulting Agreement;
and (3) an Employee Acknowledgement Form.
Neither party disputes that these contracts were valid contracts between Plaintiffs and McKillip.
Moreover, McKillip presented…