Eaconomy and co-owner Hassan Mahmoud has filed suit against My Daily Choice owner Josh Zwagil.

In a Nevada suit filed on January 21st, Mahmoud claims Zwagil’s company Creative Brands attempted a “hostile takeover” of Eaconomy.

Editor’s Note:
For some reason Zwagil is incorrectly cited as “Zwigal” throughout Mahmoud’s suit. To keep things simple I’ve corrected this presumed spelling mistake in any quotations.

Both Zwagil and Creative Brands are named defendants in Mahmoud’s suit.

Eaconomy is an MLM company co-founded by Mahmoud and Candace Ross in 2019.

MacroXell Management Services LLC was creates as the sole Manager of Eaconomy, through which Mahmoud and Ross each shared a 50% ownership stake.

Mahmoud and Ross were married but divorced in August 2022 after Mahmoud, to quote Ross in a legal filing, “moved in with another woman”.

Ross
filed her own lawsuit against Mahmoud
on January 24th. Creative Brands is also a Plaintiff in the suit.

BehindMLM learned of Ross’ Complaint first, despite Mahmoud’s Complaint being filed a few days prior. We only learned of Mahmoud’s lawsuit post-publication of our Ross lawsuit article.

As there is significant overlap between the two cases, I’ll provide Ross’ version of events where applicable.

In June 2022, one month prior to Mahmoud’s and Ross’ divorce, Michael Talento was brought on as a part owner.

This resulted in the following ownership split:

Hassan Mahmoud – 33.34%

Michael Talento – 33.33%

Candace Ross – 33.33%

Fast-forward to April 2023 and, through a Sales Agreement, Ross sold 23.33% of her Eaconomy ownership stake to Mahmoud.

Writes Mahmoud;

Accordingly, as of April 13, 2023, Mahmoud owns 56.67% of Eaconomy.

In her lawsuit Ross disputes this claim. Under the terms of the 2023 Sales Agreement Mahmoud was to purchase the 23.33% ownership stake for $5 million.

Writes Ross;

Mahmoud made only one payment then defaulted under the agreement, failed to make any additional installment payments.

Under the terms of the 2023 Sales Agreement, if Mahmoud defaulted ownership reverted back to Ross. And as far as Ross is concerned, that’s what happened as of September 2023.

A copy of the 2023 Sales Agreement is exhibited by Mahmoud. As per the agreement;

The Buyer will accept the Goods and pay for the Goods with the sum of $5,000,000.00 (USD).

The Purchase Price will be paid in consecutive monthly installments commencing on June 7, 2023 and continuing on the 7th day of each following month.

Hassan Mahmoud will make monthly payments in the amount of $65,972.22 for 72 months. This will total $5,000,000.00.

If Hassan Mahmoud hasn’t paid his monthly payment in a consecutive 90 days (3 months) then he will have become delinquent and all shares “23.33%” will be returned to Candace Ross.

Mahmoud doesn’t confirm he adhered to the terms of the 2023 Sales Agreement in his suit. He simply states after the agreement was executed, he “owns 56.67% of Eaconomy.”

Mahmoud cites Creative Brands as an Eaconomy

🤖 Quick Answer

What is the lawsuit filed by Eaconomy's Hassan Mahmoud against Josh Zwagil about?
Hassan Mahmoud, co-owner of Eaconomy, filed a lawsuit in Nevada on January 21st against Josh Zwagil and his company Creative Brands, alleging an attempted "hostile takeover" of Eaconomy. Eaconomy is a multilevel marketing company co-founded by Mahmoud and Candace Ross in 2019.

Who are the defendants named in Hassan Mahmoud's lawsuit?
The defendants named in Mahmoud's Nevada lawsuit are Josh Zwagil, owner of My Daily Choice, and Creative Brands, a company associated with Zwagil. The suit alleges that Creative Brands orchestrated a hostile takeover attempt targeting Eaconomy's operations and ownership structure.

**What is the ownership structure of E

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