May 30, 2016 MLM & Affiliate Marketing News
Posted: 28 May 2016 09:35 PM PDT
In addition to the disgorgement amount, Silva is permanently prohibited
from offering, operating, or participating in any marketing or sales program in which a participant is compensated or promised compensation solely or primarily (1) for inducing another person to become a participant in the program, or (2) if such induced person induces another to become a participant in the program. In settling the SEC’s charges, Silva admitted the facts alleged in the Commission’s complaint, namely that she was a promoter of defendants Tropikgadget Unipessoal LDA and Tropikgadget FZE, which operated under the name Wings Network; rented an office space for a Wings Network “training center” in Pompano Beach, Florida, where she and defendant Vinicius Aguiar promoted Wings Network to prospective investors; and earned commissions from the sale of Wings Network membership packs.
from offering, operating, or participating in any marketing or sales program in which a participant is compensated or promised compensation solely or primarily
(1) for inducing another person to become a participant in the program, or
(2) if such induced person induces another to become a participant in the program.
In settling the SEC’s charges, Silva admitted the facts alleged in the Commission’s complaint, namely that she was a promoter of defendants Tropikgadget Unipessoal LDA and Tropikgadget FZE, which operated under the name Wings Network; rented an office space for a Wings Network “training center” in Pompano Beach, Florida, where she and defendant Vinicius Aguiar promoted Wings Network to prospective investors; and earned commissions from the sale of Wings Network membership packs.
Read the full article and join in the discussion over at BehindMLM.
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