Stop Losing Money Online - Recent entries in lexikon

BurnLounge

02.05.2010 20:53

Founded in 2004, BurnLounge was sued by the FTC in June 2007 for operating an illegal pyramid scheme. The idea behind the company was that members would operate their own music stores selling but the reality was that the money being made was coming instead from the sale of these music store fronts to others rather than from actual music being sold.

Alex Arnold, formerly with Excel Communications and NueWorld.com, was one of the parties named in the suit, along with former USC football star Rob DeBoer and program promoter Scott Elliott.

Apparently, Arnold is now involved with a program called Vortexity.

Equinox

02.05.2010 20:53

Founded in the early 1990's, Equinox came under scrutiny for various problems including deceptive recruiting. In 2000, the company settled a court case which began the liquidation of the company. Company head Bill Gouldd was permanently barred for life from participating in any form of multi-level marketing.

Trek Alliance

02.05.2010 23:08

Based in Nevada, Trek Alliance was shut down by the FTC in 2002. Defendants in the case included Jefferey "Kale" Flagg, Richard Von Alvensleben (aka Richard Von), Tiffani Von Alvensleben (aka Tiffani Von), and Harry M. Flagg. Prior to this, a Wisconsin case against Trek charged Harry Flagg, Rich Von, Morgan Hill and distributors Joseph Delisle and Travis Just. Trek had been started by 10 former distributors from Equinox

Dynamic Essentials

03.05.2010 00:25

Manufacturer and distributor for Royal Tongan Limu, Dynamic Essentials was closed in 2003 after having legal issues with the US FDA. The parent company, NBTY was ordered to pay q $2 million settlement in a class action suit brought in response to claims made regarding the health benefits of their product. Key personnel in the company included CEO Gary Raser and VP of Sales Dallin Larsen.

"Royal Tongan Limu
In October 2003, FDA witnessed the voluntary destruction of 90,000 bottles worth $2.7 million of Royal Tongan Limu, a liquid dietary supplement distributed by Dynamic Essentials, a subsidiary of NBTY, Inc. The firm was initially warned in a 2002 FDA “cyber letter” that website claims to treat various diseases such as cancer, arthritis, and Attention Deficit Disorder caused their products to be in violation of the law. Despite the warning, the product remained in distribution channels and, therefore, FDA recommended the seizure action. Dynamic Essentials ceased operation and no longer promotes or sells the products on its website."

Success University

02.05.2010 20:52

Founder Matt Morris started Success University in 2005 as an online business education program. The program was outlawed in Namibia in 2008. Two promoters of the program, Ketan Hirani and Kalpesh Patel were banned from the University College London campus after speaking there about the program. IN 2009, the company was acquired by World Ventures.

World Ventures

02.05.2010 20:56

Founded in 2005, World Ventures markets travel and vacation packages. Its founders were Wayne Nugent and Mike Azcue.

Global Prosperity

02.05.2010 22:17

An educational MLM headed up by David Struckman, Dnaiel Andersen and LOrenzo Lamantia, all of which were senternced to prison for tax crimes. Two other princiapls of the company were Dwayne Robare and Kuldip Singh

Sunrider

02.05.2010 22:37

Te-Fu Chen of Sunrider was sent to jail for two years in 1997.

Jewelway

02.05.2010 22:41

Filed Chapter 11 in 1998

Streamline

02.05.2010 22:49

Busted by the FTC in 2001

Alive International

02.05.2010 22:52

Assets sold in 2001 to ForMor, who had also acquired Market One, Sea of Life and Ideal Solutions

Nutrition For Life International

03.05.2010 00:27

Bankruptcy court liquidated the company in 2003

Dallin Larsen

02.05.2010 22:59

Among the known companies Larsen has been involved with are: USANA, Dynamic Essentials and Monavie

William Osterhout

02.05.2010 23:57

Creator and owner of Prosperity Automated System, which was shut down as a pyramid by the SEC in 2006

Bruce Bise

03.05.2010 00:25

CEO of GMT

Jim Fobair

03.05.2010 17:34

Laundry CD

YTB (Your Travel Biz)

03.05.2010 21:45

Ciircling the drain in 2010, YTB was founded by J. Lloyd Tomer. Late 2009 saw many changes for the company as Robert von Patten came on board as CEO and President, while J. Scott Tomer romained as Chairman. Earlier in the year, Andy Cauthen and John Ceagg, president of marketing and CFO, respectively had left.

Rob DeBoer

04.05.2010 19:18

DeBoer was one of the principals named in the lawsuit against BurnLounge an dis now rumored to be promoting a magnetic bracelet called cPrime said to increase one's balance and stamina