Eaconomy & Hassan Mahmoud sued for unpaid commissions

Eaconomy and owner Hassan Mahmoud have been sued for unpaid commissions.

Plaintiff Ali Saleh, a resident of New Jersey, alleges he is owed $150,000.

Saleh cites himself as a successful entrepreneur” whose “association with a company significantly boosts the company’s sales, recruitment, and profitability.”

Currently, Saleh is promoting Jimmy Bennet’s
Manifest
securities fraud scheme.

Saleh claims he joined Eaconomy back in November 2021. It wasn’t until June 2022 that he signed a secret backroom deal contract though (referenced as an ICA).

If I’m understanding correctly, Saleh’s backroom deal saw him earn 65% of his entire binary team.

The key provision of the ICA is contained in Paragraph 10 of the ICA. In pertinent part, it states that “65% of volume of any rank qualifies [Plaintiff] for rank in a 1 leg build.”

In other words, Plaintiff would earn 65 percent of the revenue generated by the downline participants in his “leg.”

The contractual provision in the ICA requiring only 65% of volume in a one-leg deal was bargained for and desired by Plaintiff.

This puts him at a significant financial advantage over regular Eaconomy distributors.

Saleh states his time at Eaconomy was “uneventful” until September 2022,

when Candace Ross—a senior executive at Eaconomy, intermittent CEO, and former spouse of Mahmoud—and Michael Talento—also a senior executive of Eaconomy—began communicating with Plaintiff about Mahmoud.

Saleh claims Ross and Talento told him Mahmoud was “embezzling money from Eaconomy”.

After Eaconomy relaunched in 2021, Mahmoud improperly funneled money from ghost affiliate accounts to himself, and/or transferred money from Eaconomy bank accounts to his family members.

As part of this discussion, Saleh purportedly told Ross and Talento that “if the allegations were true, Eaconomy would be better off without Mahmoud involved with the company. ”

Fast forward to December 2022;

Mahmoud texted Plaintiff that Mahmoud was stepping down as CEO from the company because he was terminally ill.

After Mahmoud’s departure from Eaconomy in December 2022, Ross told Plaintiff that Mahmoud lied about being terminally ill.

Ross stated that Mahmoud had contracted with two individuals from whom he received loans in the amounts of $100,000 and $250,000 in exchange for offering a percentage ownership of Eaconomy.

From approximately December 2022 to February 2023, Ross served as interim CEO of Eaconomy

Ross indicated that Mahmoud had stepped away from Eaconomy to avoid fallout from these contracts.

What makes this next part particularly interesting is Hassan Mahmoud and Candace Ross were, evidently up until recently (?), married.

Ross’s time as interim CEO was short and turbulent. Ross began disseminating the allegations about Mahmoud to lower-level distributors and sharing details of affiliate contract deals—such as Plaintiff’s ICA providing for a 65 percent volume one leg deal—to other affiliates and distributors, in breach of contractual

🤖 Quick Answer

What is the Eaconomy lawsuit about?

Who is Ali Saleh?
Ali Saleh is a New Jersey-based entrepreneur and plaintiff who describes himself as a successful businessperson whose association with companies significantly enhances their sales, recruitment, and profitability metrics.

What is the ICA mentioned in the lawsuit?
The ICA (Independent Contractor Agreement) is a confidential backroom deal contract signed by Saleh in June 2022. Paragraph 10 of this agreement outlines that 65% of volume

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