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....

Amquix.info:


GDUNCAN_lg 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!”

  1. Jake

    12. Feb, 2010

    So the Amway Global website is also a bathroom wall?

    [Reply]

  2. 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]

  3. 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]

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