If you need a prime example of the incestual slime that oils the MLM underbelly, look no further than iMarketsLive’s recently filed lawsuit against Copy Profit Success Global.
iMarketsLive
operated illegally
for many years by way of offering unregistered securities to US residents.
Late last year the company is believed to have finally cleaned up its act, shortly after we published an
updated iMarkets Live review
in September, 2017.
Copy Profit Success Global
launched earlier this year. The company’s MLM offering combined pyramid recruitment with an “auto trader” unregistered securities offering.
The similarities between Copy Profit Success Global and iMarketsLive’s original illegal offering didn’t go unnoticed by Copy Profit Success Global’s affiliates, as noted in iMarketsLive’s lawsuit.
iMarketsLive filed suit against Copy Profit Success Global on June 22nd, 2018.
Named individual defendants in the lawsuit are Joel Santiago, Joe Oits, Muhammad Zidan (aka Mack Zidan, Mack Mills), Gregory Perdriel, Carlos Santiago and Robbie Issa.
Joel Santiago and Joe Otis as founders of Copy Profit Success Global, with iMarketsLive accusing promoter defendants of defamation.
CPSG is a multi-level marketing organization that is advertising on the internet that it will sell products regarding trading Foreign currencies in the future.
Employees of CPSG are posting defamatory statements on the internet about IML in an attempt to discredit and undermine IML and sell CPSG’s products.
The employees’ posts are made at the direction of CPGS.
The employees posting the defamatory statements on behalf of CPSG are Mills, Perdriel, Santiago, and Issa.
iMarketsLive cite numerous examples from Muhammad Zidan’s, Greg Perdriel’s, Carlos Santiago’s and Robby Issa’s respective Facebook accounts.
Mack Mills:
How’s IML different from CPS? Ones illegal and one isn’t but allow me to elaborate on your stupid questions LIVE and then visit (removed). (May 21st, 2018)
Gregory Perdriel:
When the other MLM CEO sets up an emergency “state of the…” company wide call, things are gettin sticky. (May 18th, 2018)
Carlos Santiago:
Damn ‼️ as if things weren’t already bad enough IML has another force that’s about to take their downline.
A $20 decision is gonna cripple them hotel meeting boys. (June 7th, 2018)
Robby Issa:
FUCK IML SCAM – I’m right here Chris come and get me, cross recruit is bitch. (May 19th, 2018)
iMarketsLive suggest the named Copy Profit Success Global affiliates may have colluded, as they often commented on each others’ efforts.
iMarketsLive claim the comments made against them are false and “were intentionally published” with the aim of harming iMarketsLive’s reputation.
The statements, as cited in the general allegations constitute the imputation that Plaintiffs have committed a crime; and/or Plaintiffs lack of fitness for trade, business, or profession.
As a direct and proximate result of Defendants’ defamatory acts, Plaintiffs has been
🤖 Quick Answer
What was the nature of iMarketsLive's legal violations?iMarketsLive operated illegally for years by offering unregistered securities to US residents without proper regulatory compliance or registration with financial authorities.
What business model did Copy Profit Success Global employ?
Copy Profit Success Global combined pyramid recruitment structures with an unregistered securities offering through an automated trading system, mirroring iMarketsLive's original illegal business practices.
When did iMarketsLive reportedly cease its illegal operations?
The company is believed to have reformed its business practices in late 2017, shortly following the publication of an updated review in September 2017.
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