Just came across an interesting tidbit about a rep promoting the Trump Network.
Now this doesn't necessarily reflect badly on the Trump Network ( unless they allow this person to continue their efforts ) but it does show how career MLM scammers will jump from one opportunity to the next even when they are whacked by the FTC or the SEC.
This guy - Wayde McKelvy - was accused of raising $30 million in a ponzi scheme through his company "Speed of Wealth LLC". The SEC issued the accusation a little over a week ago, and placed a temporary restraining order forbidding him from offering or selling securities. McKelvy and his wife Donna McKelvy were accused of recruiting more than 300 investors for a company called Mantria Corp. The executives, Troy Wagg and Amanda Korr are also accused of paying off earlier investors with funds from new investors - the very definition of a ponzi scheme.
So, turns out Wayde McKelvy is promoting the Trump Network now. Wondering - how will the company respond?
From the Denver Post:
Ponzi-scheme suspect peddling new business
Less than a week after the U.S. Securities and Exchange Commission accused Wayde McKelvy of raising $30 million in a Ponzi-like scheme through his company, Speed of Wealth LLC, he already was advertising a new business opportunity.
McKelvy recently sent out e-mails promoting Donald Trump's new program, the Trump Network. The vitamin and health-product business has a multilevel-marketing platform in which salespeople receive a cut of the products sold by salespeople they recruit, in addition to the money they make selling the products, according to The Associated Press.
The Trump Network did not return messages from The Denver Post.