Myself and several individuals throughout the country were introduced to a new start up network marketing company by the name of AVISAE, founded by R. Brent Ririe and Brooks K. Yates based out of Murray, Utah. It was the month of February 2013 and at this time the company had no physical products, just pictures, product discription, brochures and a compensation plan. To add credibility the company had a star lineup of legends in the MLM industry that were front line to the company heading up this new venture. | The company also had a “Legacy Shares” program in their compensation plan to that would help attract new and retain distributors by paying a bonus percentage of company sales volume of 1% diveded by the number of legacy shares held by each distributor each year. | In late Februray 2013 the company devised a new plan to help get the company off the ground by adding a “Special Legacy Founder’s Share” program that would reward early pioneers who enrolled by the cutoff date of April 14th 2013. If you upgraded to a “Star Plus i.b.o. you would freceive an additional Founder Share and if you recruited additional i.b.o.’s you would earn additional shares and the kicker..for each share earned during this period you would receive 5 times the number of shares earned and as long as you maintained 100 Bonus Volume (BV) these shres would remain indefinetley. | The special program would provide an additional 1/2% of annual sales volume to be paid to these early investors/Risk takers in this new venture on an abnnual basis in addition to their traditional Legacy Share payout. I asked Curtis Hall of Avisae what the total number of (I.B.O.’s) were at the time and I was told less than 500 who would participate in this one-half percentage payout annually for life. | This could be substantial as the company contiues to grow and it would have if the company would have not misled the early distributors into believing this misconception. | Facts: | After April 14th 2013 Avisae dicontinued issuing Legacy Founders Shares, then it was dicovered that in December 2013 Avisae gave away thousands of Founder Shares to distributors (I.B.O.’s) who did not earn them and starting marketing the founders share to all distributors who met certain volume requirements. | Avisae swindled the original Founder’s share values by thousands & thousands of dollars in potential future value by dillution. | Avisae renegged on their promise to multiply shares by “five shares” for each share earned. | Avisae misled and misrepresented the “Legacy Special Founder’ Shares Program which enticed myself and other distributors to sign up for an independent Business Orginization (I.B.O.) with Avisae, LLC. | I am contemplating suing Avisae for Fraud, and I may seek to file a class action suit.
Country: United States
Address: 111 East 5600 South, # 110