April 5, 2016 MLM & Affiliate Marketing News
Aspire Worldwide collapses, est. $5 million in losses
Posted: 03 Apr 2016 11:18 PM PDT
More than 40 investors out of an estimated 1000 affected have sought legal advice and are asking the Australian Competition Consumer Commission and the Australian Securities and Investments Commission for help. Attempts to contact the two husband-and-wife duos responsible — founders Andrew Terence Hansen, 47, Wendy May Hansen, 45, Philip Gordon Watts, 68, and Sally Anne Watts, 52 — have been unsuccessful. Legal experts, however, fear nothing can be done. It is unclear exactly how many investors lost money. One former member who is compiling a database says the current count is 698, but that does not include around 400 early members who were kicked out for not paying ongoing fees.
More than 40 investors out of an estimated 1000 affected have sought legal advice and are asking the Australian Competition Consumer Commission and the Australian Securities and Investments Commission for help.
Attempts to contact the two husband-and-wife duos responsible — founders Andrew Terence Hansen, 47, Wendy May Hansen, 45, Philip Gordon Watts, 68, and Sally Anne Watts, 52 — have been unsuccessful.
Legal experts, however, fear nothing can be done.
It is unclear exactly how many investors lost money. One former member who is compiling a database says the current count is 698, but that does not include around 400 early members who were kicked out for not paying ongoing fees.
Read the full article and join in the discussion over at BehindMLM.
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