Author Avatar

editor

0

Share post:

Andre Vaughn’s Chapter 7 bankruptcy in February 2022 ended in a settlement with Youngevity.

Vaughn filed a Status Report with the court on April 19th, informing the court of his bankruptcy proceedings.

Vaughn filed a petition for bankruptcy in the United States Bankruptcy Court, Middle District of Pennsylvania, on November 5, 2021, under Chapter 7 of the United States Bankruptcy Code.

Vaughn filed a Notice of Bankruptcy Filing on November 17, 2021, informing this Court and all parties in the aforementioned matter of his Chapter 7 bankruptcy filing.

The United States Bankruptcy Court for the Middle District of Pennsylvania issued an Order of Discharge on February 11, 2022, dismissing Vaughn’s obligations under 11 U.S.C. 727.

Vaughn claimed that, as a result of his bankruptcy, he believes that all claims against all parties have been addressed and that the matter in question is ripe for dismissal in its entirety.

Youngevity first disputed Vaughn’s claim, claiming that their case was not expressly mentioned in Vaughn’s bankruptcy filing.

Youngevity filed a joint motion dismissing its claims against Vaughn on May 13th, after a response from Vaughn reasserting his stance. Vaughn has also agreed to waive all lawsuits against Youngevity.

The court set a hearing for May 18th to sign off on the filing, which was filed on May 16th.

The court docket hasn’t been changed yet, but I expect the latest settlement to conclude the case.

In a lawsuit filed in 2016, Youngevity listed Vaughn as a defendant.

Vaughn and other defendants were accused by the MLM firm of effectively dismantling the company to start Wakaya Perfection (now Mfinity Global).

According to BehindMLM reader K. Chang, Vaughn has a history of MLM-related bankruptcy filings.

In 2019, he and his wife were arrested and sentenced to ten months in jail for bankruptcy fraud. Vaughn’s wife was sentenced to three years of probation for the same offense.

Vaughn describes himself as a “multi-billionaire entrepreneur” and “wealth influencer” on social media.

In a few days, I’ll revisit the Youngevity case docket. Hopefully, they’ll have finished the investigation by then.

Lion Group Corporation Review - Is a Fraud
Spellbound Review - Is a Fraud

Leave a Comment

Your email address will not be published. Required fields are marked *