DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Carroll - 5 — - 4 Max K - 4 Max O - 4 Ryan Carroll - 4 Nico Banks - 2 — Ryan Carroll - 1 Michael Day — - 1
Top related locs:
California mstone@insider.com San Bernardino County Tennessee DC Central District Central District of California Washington
Top related orgs:
Business - 5 Court - 4 Service - 3 Wealth - 3 Bank - 3 Amazon - 3 Amazon . Business - 2 Thread Bank - 2

Search resuls for: "Ryan Carroll"


5 mentions found


☆ A judge has ordered the owners of get-rich-on-Amazon startup Wealth Assistants to have their assets frozen
  + stars: | 2024-05-02 | by ( Madeline Stone | ) www.businessinsider.com   time to read: +4 min
Clients paid upfront fees ranging from $35,000 to more than $100,000 to have their stores run by Wealth Assistants. AdvertisementThe complaint also alleges that Carroll — who was Wealth Assistants' founder and CEO — and the Days violated securities laws because the business opportunity they sold through Wealth Assistants could be considered unregistered securities. Related stories"Plaintiffs' evidence shows that each of the Individual Defendants made intentional misrepresentations in connection with Wealth Assistants' services," the order reads. It follows another lawsuit that was brought against Wealth Assistants in California Superior Court in San Bernardino County in January. Wealth Assistants claimed that the digital bank froze its accounts without warning or explanation in October and is still withholding its funds.
Persons: —, — Ryan Carroll, Max K, Michael Day —, Max O, Carroll —, Judge Wesley Hsu, Carroll, Nico Banks Organizations: Service, Court, Central, Central District of, Wealth, Business, Washington, Banks Law Office, Bank Locations: Central District, Central District of California, DC, California, San Bernardino County, Tennessee, mstone@insider.com
☆ Judge denies lawyers' request to freeze the assets of Wealth Assistants and its executives amid ongoing fraud case
  + stars: | 2024-02-28 | by ( Madeline Stone | ) www.businessinsider.com   time to read: +4 min
Read previewThe judge overseeing a case brought by more than 60 former clients of Wealth Assistants has denied their lawyers' request for a preliminary injunction against the company. Lawyers representing Wealth Assistants' former clients sought to freeze assets belonging to CEO Ryan Carroll, his mentor and business partner Max K. Day, Day's nephew Max O. AdvertisementMany Wealth Assistants clients said they were drawn by the opportunity to generate passive income through an Amazon store. Business Insider previously reported that Wealth Assistants filed a lawsuit on January 5 against Thread Bank, a digital bank based in Tennessee. Several former Wealth Assistants clients filed a motion to intervene in that suit earlier this month.
Persons: —, Ryan Carroll, Max K, Day's, Max O, John Pacheco, Nico Banks, Carroll Organizations: Service, Lawyers, Business, Amazon, Amazon . Business, Court, Banks Law, Thread Bank Locations: California, San Bernardino County, Washington, DC, Tennessee, mstone@businessinsider.com
☆ More than 60 former Wealth Assistants clients sued the get-rich-on-Amazon startup, claiming they were defrauded out of millions
  + stars: | 2024-01-30 | by ( Madeline Stone | ) www.businessinsider.com   time to read: +5 min
Lawyers representing Wealth Assistants' former clients are seeking to freeze assets belonging to Carroll, Max K. Day, Max O. When Wealth Assistants informed its clients in October that it planned to shut down, it provided a list of alternative providers clients could work with to manage their stores if they promised not to sue Wealth Assistants. According to the lawsuit, some former Wealth Assistants clients later started receiving emails from Wholesale Universe saying that Wealth Assistants had purchased an inventory package for them to use with Wholesale Universe. Advertisement"Wealth Assistants and Wholesale Universe made that transfer for the purpose of preventing Wealth Assistants' current and future creditors, including Plaintiffs, from accessing Wealth Assistants' assets," the complaint reads. Wealth Assistants claimed that the digital bank froze its accounts without warning or explanation in October and is still withholding its funds.
Persons: —, Ryan Carroll, Max K, Max O, Carroll, Yax, Daddy Jules, Max Day, Troy Marchand, Bonnie Nichols, Marchand, Nichols Organizations: Service, Business, Amazon, Amazon . Business, Court, Lamborghini, Trading, Oak Properties, MKD Investment, Private Management Company, Max, HouTex Farm Equity Partners, Business Financial Solutions, Evo Maxx, Management, Wholesale, Tennessee, Bank, Wealth, Bank of America Locations: California, San Bernardino County, Oak, mstone@insider.com
☆ Wealth Assistants claims in a new lawsuit its accounts were frozen in the weeks before it shut down
  + stars: | 2024-01-18 | by ( Madeline Stone | ) www.businessinsider.com   time to read: +3 min
The complaint against Thread Bank lists five accounts that Wealth Assistants held with the bank, saying that CEO Ryan Carroll first noticed the accounts had been frozen on October 11. Carroll and Thread Bank did not return a request for comment from Business Insider on the suit. The timing detailed in the complaint aligns with Wealth Assistants' collapse. However, the lawsuit filed in early January describes Wealth Assistants as a "thriving business." Wealth Assistants filed a similar lawsuit against Bank of America in January 2023, claiming that accounts with more than $3.78 million in them had been closed without explanation.
Persons: Ryan Carroll, Carroll Organizations: Business, Bank, Court, Southern, Southern District of, Houston Division, Carroll, Thread Bank, Forbes , LA Wire, Bank of America Locations: Tennessee, Southern District, Southern District of Texas, Forbes ,, mstone@insider.com
☆ Wealth Assistants claimed it would help its clients make money on Amazon. Clients said they 'lost everything' instead.
  + stars: | 2023-11-30 | by ( Madeline Stone | Jack Newsham | ) www.businessinsider.com   time to read: +17 min
Wealth Assistants also said that if clients didn't break even in the first year, they would get their money back. BI spoke with 16 people who invested between $35,000 and $100,000 each to work with Wealth Assistants and said they lost their money. Ten days later, Wealth Assistants said it laid off its roughly 75 employees and planned to shut down by December 1. Selling customers on the entrepreneur lifestyleMany Wealth Assistants clients said they were drawn by the opportunity to generate passive income. Cart.com sent Wealth Assistants a formal notice of termination in the fall after Wealth Assistants stopped paying its invoices earlier in the year, the representative said.
Persons: Mike Wimmer, Wimmer, they're, I'm, Ryan Carroll, Max K, Max O, —, Carroll, Carroll didn't, we're, Tina Luk, breakeven, Seth Hamilton, Andrew Pou, Suzy Arriola, Saheb Sabharwal, Cart.com, Moe O'Neil, weren't, Max, you've, it's, they've, We've, we've, Madeline Stone, Jack Newsham Organizations: Business, ., Federal Trade Commission, Amazon, Products, Nobu Dallas, Lamborghini, Facebook, Wealth, BI, FTC, DK Automation Locations: China, Texas, Nobu, California, Houston, Pennsylvania, mstone@insider.com
0 next >>
Total: 5