An ongoing authorized dispute between Ponzi scammers Armen Temurian and Phillip Piccolo has been settled.
As per a March twenty fourth submitting;
Plaintiffs/counter-defendants Phillip A. Piccolo Jr., Kevin Dalton Johnson, Paul Morris Joseph Reid and Okay.F.I Software program and Defendants/counter-plaintiffs, Armen Temurian, Vista Applied sciences LLC and Vista Community LLC, hereby give discover to the Court docket of the next:
The events have entered right into a confidential Settlement Settlement that absolutely resolves the claims/counterclaims asserted on this lawsuit.
Given the confidential nature of the settlement I can’t verify, however I definitely suspect the CFTC suing Vista Community and Termurian final month was a contributing issue.
As per the CFTC, Vista Community was a $7 million greenback Ponzi scheme. That is according to BehindMLM’s 2018 Vista Community overview.
Temurian’s preliminary lawsuit was filed again in 2018. Whereas they haven’t been charged by the CFTC, Temurian’s lawsuit locations Piccolo, Johnson and Reid (the PJM Defendants), inside shut operational proximity of the Ponzi scheme.
As soon as the PJM Defendants gained entry to Vista’s confidential commerce secret paperwork and cryptocurrency accounts underneath the pretense that they have been appearing as software program builders, they surreptitiously got down to defraud Vista, misappropriate its commerce secrets and techniques, and steal its property.
Temurian claimse the PJM Defendants stole “practically $700,000” in cryptocurrency that had been invested into Vista Community.
Then they used the software program Vista employed them to construct so as to create pretend commissions on Vista product gross sales.
Lastly, the PJM Defendants deleted transport orders for over $10,000.00 in Vista merchandise, shipped Vista merchandise to unknown entities, and cancelled different orders so as to take buyer funds as their very own.
Following their misappropriation, fraud, and theft, the PJM Defendants then disabled Plaintiffs’ software program entry, leaving Vista with out the power to make use of its personal confidential and proprietary data, or to succeed in its buyer base.
That lawsuit fell aside April 2019, solely to be resurrected in December 2019 by the PJM Defendants.
These proceedings pertain to the confidential settlement reached. It’s additionally price noting mentioned proceedings have been stayed in October 2022, after Phillip Piccolo (proper) filed for chapter.
The March twenty fourth Joint Discover of Settlement submitting suggests the events will transfer to dismiss the case someday after June 1st, 2023. I’ll go away an replace beneath when that occurs.
