MLM News Hubb
Advertisement
  • Home
  • Marketing
  • Multi Level Marketing News
  • Contact us
No Result
View All Result
  • Home
  • Marketing
  • Multi Level Marketing News
  • Contact us
No Result
View All Result
MLM News Hubb
No Result
View All Result
Home Multi Level Marketing News

Piccolo v. Vista Network civil lawsuit confidentially settled

admin by admin
March 25, 2023
in Multi Level Marketing News


An ongoing legal dispute between Ponzi scammers Armen Temurian and Phillip Piccolo has been settled.

As per a March 24th filing;

Plaintiffs/counter-defendants Phillip A. Piccolo Jr., Kevin Dalton Johnson, Paul Morris Joseph Reid and K.F.I Software and Defendants/counter-plaintiffs, Armen Temurian, Vista Technologies LLC and Vista Network LLC, hereby give notice to the Court of the following:

The parties have entered into a confidential Settlement Agreement that fully resolves the claims/counterclaims asserted in this lawsuit.

Given the confidential nature of the settlement I can’t confirm, but I certainly suspect the CFTC suing Vista Network and Termurian last month was a contributing factor.

As per the CFTC, Vista Network was a $7 million dollar Ponzi scheme. This is in line with BehindMLM’s 2018 Vista Network review.

Temurian’s initial lawsuit was filed back in 2018. While they haven’t been charged by the CFTC, Temurian’s lawsuit places Piccolo, Johnson and Reid (the PJM Defendants), within close operational proximity of the Ponzi scheme.

Once the PJM Defendants gained access to Vista’s confidential trade secret documents and cryptocurrency accounts under the pretense that they were acting as software developers, they surreptitiously set out to defraud Vista, misappropriate its trade secrets, and steal its assets.

Temurian claimse the PJM Defendants stole “nearly $700,000” in cryptocurrency that had been invested into Vista Network.

Then they used the software Vista hired them to build in order to create fake commissions on Vista product sales.

Finally, the PJM Defendants deleted shipping orders for over $10,000.00 in Vista products, shipped Vista products to unknown entities, and cancelled other orders in order to take customer payments as their own.

Following their misappropriation, fraud, and theft, the PJM Defendants then disabled Plaintiffs’ software access, leaving Vista without the ability to use its own confidential and proprietary information, or to reach its customer base.

That lawsuit fell apart April 2019, only to be resurrected in December 2019 by the PJM Defendants.

Those proceedings pertain to the confidential settlement reached. It’s also worth noting said proceedings were stayed in October 2022, after Phillip Piccolo (right) filed for bankruptcy.

The March 24th Joint Notice of Settlement filing suggests the parties will move to dismiss the case sometime after June 1st, 2023. I’ll leave an update below when that happens.





Source link

Previous Post

How Leaders Go”Mind Over Matter” by Simon Chan

Next Post

Will You Make Good Cashback While You Shop in 2023?

Next Post

Will You Make Good Cashback While You Shop in 2023?

Recommended

How to Create the Best PowerPoint Presentations [Examples & Templates]

How to Create the Best PowerPoint Presentations [Examples & Templates]

March 31, 2023

MTI liquidation devolves into fight with SA government

November 1, 2022

This 32-Year-Old Makes $60k/Month From His Turnkey Software Development Company

February 13, 2023

How to Create Trust and Authority So That Prospects Buy From You by Brooke Porch

February 24, 2023

Don't miss it

Marketing

Improve Writing & Cure Writer’s Block

May 26, 2023
Multi Level Marketing News

Generation Zoe lawyer Gustavo Saavedra pleads guilty

May 26, 2023
Marketing

How to Recruit Top Talent Using an Inbound Framework

May 26, 2023
Marketing

The Challenges of Customer Lifetime Value (CLV)

May 25, 2023
Marketing

How do blogs make money in 2023?

May 25, 2023
Multi Level Marketing News

MTI’s top net-winners summoned to pay back ~$242 million

May 25, 2023
Marketing

The Complete Guide to Empathetic Marketing

May 25, 2023
Marketing

The Top Ecommerce SEO Trends for 2023

May 24, 2023
Marketing

Black Panther’ Is Now the 10th Highest-Grossing Film in U.S. History

May 24, 2023
Multi Level Marketing News

FTC seeking info from IM Mastery Academy’s Matthew Thayer

May 24, 2023

© MLM News Hubb All rights reserved.

Use of these names, logos, and brands does not imply endorsement unless specified. By using this site, you agree to the Privacy Policy and Terms & Conditions.

Navigate Site

  • Home
  • Marketing
  • Multi Level Marketing News
  • Contact us

Newsletter Sign Up

No Result
View All Result
  • Home
  • Marketing
  • Multi Level Marketing News
  • Contact us

© 2022 MLM News Hubb All rights reserved.