Hey Now! Nice to see ya again. Have you checked out my sister site, MLM Blog?
My former upline in Amway/Quixtar is bankrupt….
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.
can I have MR and Mrs. Greg email address? I really want to become their downline! thanks, please email me back!
not possible
What’s not possible? Mr. Duncan’s bankruptcy proceedings are recorded on public documents with the State of Montana.