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.
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.