WorldVentures has filed a lawsuit against Eddie Head. As revealed in the lawsuit, the on again off again Seacret merger is officially dead. In their February 22nd filed lawsuit, World Ventures accuses their former President and Chief Strategy Officer of spearheading efforts to target WorldVentures’ customers, representatives, suppliers, and distributors […]
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Bad blood between WorldVentures and Seacret Direct?
Something strange is going on between WorldVentures and Seacret Direct. Since filing for Chapter 11 bankruptcy, Seacret Direct has poached three high-level executives from WorldVentures. Now, in a communication sent out to distributors, WorldVentures has confirmed ” there is no plan for a merger with Seacret”. What is going on? […]
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WorldVentures’ bankruptcy scalps two execs (maybe not?)
WorldVentures’ Chapter 11 bankruptcy has seen two executives quit the company. Last week WorldVentures COO Michael Poates announced the departure of CSO Eddie Head, and SVP of Global Sales Justin Call. According to Poates, Head and Call ‘made personal decisions to leave WorldVentures’. Head had been with WorldVentures for fourteen […]
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WorldVentures RICO pyramid case stayed pending Ch 11
WorldVentures’ filing for Chapter 11 bankruptcy has triggered an automatic stay in the RICO pyramid case. Both Plaintiff Melody Yiru and defendants WorldVentures filed suggestions of bankruptcy on December 24th and 28th respectively. On December 28th the court administratively close the case. Defendant WorldVentures Marketing, LLC filed a petition for […]
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WorldVentures files for Chapter 11 bankruptcy
WorldVentures has filed for Chapter 11 bankruptcy. The news was shared with the company’s affiliates via a December 22nd email sent out by COO Michael Poates. A press-release was also uploaded to WorldVentures’ website, both of which are quoted from below. WorldVentures announced today that it has filed voluntary petitions […]
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Seacret Direct signing WorldVentures affiliates, failed merger?
A cloud of uncertainty remains hanging over the announced WorldVentures and Seacret Direct merger. In the meantime, WorldVentures has sent out an email to its affiliates containing an interesting “commission clarification” clause. Last we reported Seacret Direct’s acquisition of WorldVentures appeared to be on the rocks. That was on December […]
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Did Seacret Direct’s acquisition of WorldVentures fall through?
It is increasingly appearing that Seacret Direct’s acquisition of WorldVentures has fallen through. To recap, WorldVentures confirmed the acquisition mid November. As part of their announcement, WV President Eddie Head stated that more details will be released over the coming weeks. That has not happened, at least not publicly. Shortly […]
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WorldVentures confirms Seacret Direct acquisition
After months of not paying affiliates and keeping them in the dark, WorldVentures has finally confirmed it is merging with Seacret Direct. WorldVentures held a corporate webinar on November 12th. On the call was Director of Training, Marc Accetta, who for some reason was in his car wearing a golf […]
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WorldVentures in negotiations with Seacret Direct?
As reported in our article earlier today, WorldVentures has just laid off more than 50% of its remaining staff. Clause 2a. in the separation and release agreements, as provided to laid off WorldVentures employees, appears to confirm WorldVentures is in the process of being acquired by Seacret Direct. BehindMLM first […]
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WorldVentures “circling the drain”, lays off 50%+ staff
With international travel at a stand-still in many countries, it figures the MLM travel niche has taken a battering. Rumored to already be in financial trouble, WorldVentures appears to be on its last legs. Citing “rumors circulating about the company”, on November 3rd WorldVentures COO Michael Poates sent out an […]