In a settlement arrived at late in the afternoon of April 20, 2000, Equinox International is permanently shut down. Owner Bill Gouldd is barred forever from any involvement in any capacity in any MLM in the United States. Many of Gouldd's personal assets will be liquidated, and all corporate assets will be sold. A restitution fund, estimated at between $30-40 million will be established to help distributors victimized by the company's fraudulent and deceptive claims.
In a settlement arrived at late in the afternoon of April 20, 2000, Equinox International is permanently shut down. Owner Bill Gouldd is barred forever from any involvement in any capacity in any MLM in the United States. Many of Gouldd's personal assets will be liquidated, and all corporate assets will be sold. A restitution fund, estimated at between $30-40 million will be established to help distributors victimized by the company's fraudulent and deceptive claims.
ShapurKing 1 year ago