Amway WWDB Triple Diamond Greg Duncan Bankrupt!
Posted on 12. Mar, 2009 by Ty Tribble in Amway, BWW - Britt World Wide, Larry Winters - Leadership Development Team, Network Marketing News, Quixtar, WWDB - World Wide Group
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My former upline in Amway/Quixtar is bankrupt....
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.
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60 Responses to “Amway WWDB Triple Diamond Greg Duncan Bankrupt!”
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Jake
12. Feb, 2010
So the Amway Global website is also a bathroom wall?
[Reply]
Ty Tribble
05. Mar, 2010
I was told today by someone affiliated with WWDB that upline leaders are telling their groups that this whole business about Greg Duncan Bankruptcy is fabricated and untrue.
Wow.
[Reply]
Joecool
08. Mar, 2010
Yep, once again, an unethcial leader simply gets a pass. They used to lie about tools profits, got caught. and got a pass.
If Tiger Woods was a diamond, he could just deny that he had affairs and his downline would believe him.
Amazing!
[Reply]