Amway Global Blog

World Wide Dreambuilder’s Triple Diamond and former IBOAI board of director Greg and Laurie Duncan have been in bankruptcy court since Sep. 11 2007!  A site visitor notified me of the bankruptcy after checking up on their numerous houses that were in foreclosure last year.

The Duncan’s listed assets of $63 million and debts of $8.4 million.  Despite having millions in net worth, the Duncan’s cannot service all their debts.

The Duncan’s owed $1.7 million to the  IRS for back taxes and penalties and $452,000 to the State of Montana for back taxes.

In April of 2008, the Duncan’s filed a reorganization plan and  disclosure statement under court sealing that was later unsealed when it went into Chapter 7.

Supposedly $9 million of Duncan’s cash got drained away in a lawsuit over the rights to sell he XS energy drink.   I obtained documentation of a suit involving the XS energy drink brand with a company called Cetalon.   Cetalon claimed it was given marketing rights for the XS brand and was suing for its piece of the pie after Quixtar became a major buying.   Greg Duncan was named as a defendant, and  Cetalon went bankrupt when it lost the case.

All the bankruptcy documents are public record on Pacer.