WorldVentures sues Eddie Head, RIP Seacret Direct merger

WorldVentures has filed a lawsuit against Eddie Head.

As revealed in the lawsuit, the on again off again Seacret merger is officially dead.

In their February 22nd filed lawsuit, World Ventures accuses their former President and Chief Strategy Officer of

spearheading efforts to target WorldVentures’ customers, representatives, suppliers, and distributors for a multi-level marketing business that competes directly with WorldVentures.

The unnamed rival is
Seacret Direct
.

As revealed by WorldVentures Eddie Head, full name Kenneth Edward Head (aka Kenneth E. Head), was was promoted to his former executive roles early 2017.

Under Head’s “leadership”, WorldVentures’ revenue precipitously dropped by approximately 80%.

WorldVentures was already in a bad place leading up to COVID-19. The global pandemic simply finished them off.

That prompted the Seacret merger proposal, which Head is alleged to have brought to the table.

Purportedly to drive additional value for its representatives and influenced by pressure from Head, WorldVentures entered into a co-marketing agreement with Seacret Direct LLC (“Seacret”), wherein WorldVentures made Seacret’s products available to its sales representatives to sell to supplement their income.

Head disparaged and blamed other executives for WorldVentures’ financial woes and commission payment delays.

He also met with Sales Representatives to pressure ownership to sell the company to Seacret.

Head later pushed WorldVentures and Seacret’s November 10, 2021 letter of intent for an asset purchase agreement with WorldVentures

This was going on throughout late 2020, with Head appearing in marketing videos as a WorldVentures executive throughout.

In their lawsuit WorldVentures drop a bombshell, revealing behind the scenes Head had been replaced.

Recognizing that Head was a failed leader and was incapable of leading sales recovery and growth, WorldVentures hired a new sales executive to improve sales and correct Head’s failures.

Although Head was not terminated at that time, the “writing was on the wall”.

When exactly Head’s replacement was hired is not disclosed. He was however fully aware of his replacement.

WorldVentures puts forth Head granted access to WorldVentures’ affiliate database as part of an employment deal.

Head, knowing that it would be difficult to find new employment due to his pending criminal indictment in Taiwan, began to systematically enable Seacret to access WorldVentures’ valuable database of sales representatives, members, and employees and to establish and launch a competing membership-based travel business, only to become its leader.

Prosecutors in Taiwan
filed criminal charges against Head
in late 2019. The charges stem from Head’s role as an executive for WorldVentures, which they claim is a “classic pyramid scheme”.

WorldVentures hanging Head’s pending indictment for working for their company over him is just…
mwah,
chef’s kiss delicious.

Head’s scheme further endangered W

🤖 Quick Answer

What lawsuit did WorldVentures file against Eddie Head?

What happened to the Seacret Direct merger?
The Seacret Direct merger with WorldVentures is officially terminated. The on-again, off-again negotiations concluded without completion following the lawsuit filing in February.

How did Eddie Head's leadership impact WorldVentures?
During Eddie Head's tenure as President and Chief Strategy Officer, beginning early 2017, WorldVentures experienced a dramatic revenue decline of approximately 80 percent.

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