If Youngevity advertising foreign currency trading wasn’t weird sufficient, they’d supposedly linked up with Sal Leto. Sure, that Sal Leto. Youngevity market loads of issues however are very a lot based in dietary dietary supplements.
Living proof: each product included on Youngevity’s “greatest vendor” web site record is a dietary complement. In actuality there’s virtually no point out of foreign exchange instruction on Youngevity’s public-facing homepage. It’s important to discover it. The hyperlink to Youngevity’s foreign exchange gadgets is hidden within the giant record of retailer associated hyperlinks. That is sort of uncommon, understanding as makes an attempt to push foreign exchange coaching onto Youngevity distributors started final September. However I’m getting forward of myself.
A reader tipped me as much as Youngevity’s FX service via e mail: “Whats up, In case you had been eager about following up with Sal Leto … he’s now related to Youngevity. Promoting his buying and selling platform.”
My first thought was, “Sal Leto has partnered up with Youngevity to promote foreign exchange coaching? That’s an odd pairing.” Working a seek for Sal Leto on Youngevity’s web site didn’t return something. I instantly checked out Leto’s social media and, certain sufficient, he posted this on September 18th; Sort of an uncommon for an organization of this high quality and reputation to return in with their assets to compete in a leading edge area.
However the research has been completed to take action in a approach that solidifies the continuance of their legacy. We’re establishing the world’s largest shopper base of profitable merchants. I do know lots of you want the suitable mentors and the proper programs which are confirmed however haven’t found it but. This was adopted by a presentation in entrance of high Youngevity earners on September twentieth. I can’t converse for Youngevity but when they’ve completed their analysis, as Leto claims, they’d know Leto was one of many ringleaders behind OneCoin’s unsuccessful US launch. That’s OneCoin, the $4 billion MLM crypto Ponzi fraud.
Three years after Leto’s failed efforts to advertise OneCoin throughout the US, the enterprise would once more attempt to reenter the nation. This resulted in US authorities arresting then OneCoin CEO Konstantin Ignatov in March, 2019. Leto (proper) not showing on Youngevity’s web site or advertising reveals the company is purposely failing to reveal who’s behind their FX product.
This alone is a possible violation of the FTC Act (unfair or misleading acts or practices) (unfair or misleading acts or practices). After OneCoin, Maurice Katz and Sal Leto started pushing iPro Community. The SEC sued iPro Community for fraud in Might final 12 months. After iPro Community Leto hitched his title to Eaconomy. Eaconomy failed in March 2020.
Leto later returned as Chief Networking Officer of Auvoria Prime. Auvoria Prime, was a foreign currency trading bot tied to a “foreign exchange training program”. At the moment there’s no point out of Sal Leto on Auvoria Prime’s web site. The automated buying and selling bot has been changed by commerce alternatives from individuals you’ve by no means heard of.
Leto’s final formal Auvoria Prime message is dated November seventeenth, 2020. Leto ceased posting on FaceBook in August 2020. He restarted in Might 2021. Getting again to Youngevity’s foreign currency trading merchandise, they’ve been labeled as “FX by Youngevity”.
What’s on supply sounds remarkably much like Auvoria Prime. FX is a platform that gives group, teaching & training, modern buying and selling know-how, and management development coaching. At FX, we are going to help you develop new talent units and supply coaching by the best leaders within the enterprise that will help you pace your profession. Beneath FX by Youngevity you’ve MAX Indicator, MAX Dealer’s Academy and Dwell Buying and selling Classes. The MAX Indicator is an Synthetic Clever [sic] oriented software program software identified a “Indicator”. The software program is supposed to scan the change of costs and values all through a number of distinct monetary markets.
The MAX Indicator then makes use of this information that’s been collected to offer an data report ot the consumer. The client can use this data as potential affirmation of present market motion to resolve whether or not or not they want to conduct a commerce and try and earn a revenue. Once you subscribe to the MAX Indicator platform… additionally, you will have unique entry to attend Dwell Buying and selling Classes.
The Max Dealer’s Academy is a complete, multi-sensory studying device designed to teach merchants of all expertise ranges to boost the bar on their private buying and selling. MAX Dealer’s Academy was supposed to empower you with the data and talent to turn out to be a extra worthwhile dealer. MAX Indicator Preliminary Enrollment grants entry to MAX Indicator and MAX Dealer’s Academy, it retails at $210.99 MAX Indicator Enterprise Necessities Package combines entry to MAX Indicator and MAX Dealer’s Academy with Youngevity nutritional vitamins, it retails at $299.95 MAX Indicator Enterprise Builder Package accommodates extra dietary supplements and “CEO Coaching Supplies”, it retails at $499.95 My quick concern was whether or not Youngevity are providing any kind of automated buying and selling.
So far as I can inform, they aren’t. Every consumer is one hundred pc answerable for their very own cash and their very own trades. As a safety towards FX by Youngevity’s providing altering sooner or later nonetheless, I’ll say that any automated buying and selling product would represent a securities providing. This may require Youngevity to register its FX alternative with the SEC (Youngevity itself is already registered). Failing to take action could be securities fraud.
Personally I’m not totally satisfied. Some Youngevity distributors appear to be pushing automated buying and selling: That apart, as described by Youngevity, Leto’s contribution to FX by Youngevity is signaling software program. Leto himself positively didn’t develop the platform, with that data being hid from shoppers. Personally I’d need to know if I used to be stepping into foreign currency trading given by somebody whose solely MLM declare to fame was securities fraud. By means of one of many largest and most identified MLM Ponzi schemes ever no much less.
Replace twelfth January 2022 – I’ve validated, that on the time of this replace, there’s no automated buying and selling part to Youngevity FX or MAX Indicator.
