Is this true?
Triple Diamond Greg Duncan has been in bankruptcy court since the end of 2007???
-
« Home
Pages
-
Categories
-
Archives
Is this true?
Triple Diamond Greg Duncan has been in bankruptcy court since the end of 2007???
Possibly related posts: (automatically generated)
22 Comments
Click here for the detail provided by Scott Larsen. Seems like the fellow who asked folks “to tell him what Forbes said about Quixtar” which Forbes did calling Amway/Quixtar significantly enough, a pyramid scheme. Duncan, front man for World Wide Dream Builder propaganda has no problem leaving his creditors in the lurch. Isn’t he such a wonderful person, one to be inspired by?
What about all the blarney about paying for everything in cash that these weasels promote to the ibo underlings?
The Duncans most likely will be paying in cash, having forsaken their creditors in bankruptcy and foreclosure making the credit option defunct.
From what I can gather, he is another of these kingpins, much like Orrin Woodward, who admitted on my blog to paying out millions to lawyers. Who would want to sue such wonderful successful folk as the Duncans?
Most likely, the Duncans were completely ‘underwater’ in their real estate ventures and opting to bail out on those obligations. So much for honor and credibility which these scoundrels like to preach about from their ‘God inspired’ Amway pulpit, where all the faithful aspire to be like Greg. So IBO faithful, “Just go for it!”
I suppose the Duncan’s Amway success can be descrbed by not just how many people in their downline have been taken, but by how many bankers trusting in them were significantly taken as well? Oh, of course the citizens will be bailing these others out of their dire straights to the tune of billions.
I am scratching my head about how someone with supposedly so many millions in assets couldn’t cover what (by comparison) was not really that much debt? Obviously, these assest were over valued and couldn’t be unloaded, or they were tied up in one of Duncan’s legal disputes?
I guess Duncan was ‘All In!’
If Duncan has the assets to cover the debt. And he files Chapter 11 bankruptcy to “reorganize” his debts, it means he is seeking to protect his assets from his creditors.
Otherwise, his creditor could put a lien on Duncan’s property, bank accounts, etc. With the Chapter 11, now there will be a supervised repayment schedule and Duncan’s other assets will be protected.
What a fraud! The mastermind, brainchild of WWDB can’t manage his finances. He was supposedly next in line to take over WWDB from Puryear. So much for paying cash for everything. He’s got a ton of credit card debt. Poor Laurie can’t shop at Nordstrom’s anymore. Wow I feel so sorry for her! I saw this loser at Dream Night in 2006 and he was bragging about taking Laurie shopping in Paris at Louis Vutton – he was one of the top 50 buyers in the world or some nonsense. I wonder if Brad isn’t far behind. I heard he has $75M in cash. Why hasn’t he bailed out his big brother? BTW, has anyone wondered about the Power Wave Amway was supposed to be taking advantage of? I guess GDuncan missed it!
Breaking it down to the simplest of terms, he doesn’t have the cash to pay for the things he’s bought, and it’s becoming too difficult for him to fulfill his financial obligations.
So much for a recession proof business…
Imagine that!!!! Faking an image and now its come to bite him in the arse!!!
This is hilarious!!!
Maybe this is one of the “many a diamond”
that Bridgett saw talking about renting.
LOL, actually, I believe that Greg Duncan is one who stood on stage talking about how stupid it is to finance a home and pay interest to the bank.
This is just another piece of evidence that some diamonds are smooth talking swindlers.
…swindlers, how appropriate
But but but, Amway did 8.2 billion in sales last year! Your job is a pyramid!
Seriously, I remember a function where Mr. Duncan said it was stupid to pay interest on anything, thus the “pay cash for everything” mantra. I guess he did not follow his own advice.
For any IBOs out there, maybe it would not be that wise to take counsel from a man who cannot manage his finances.
In many cases, it is not how much you have but what you do with what you have.
Some IBOs still feel that, despite this, it is still worth listening and counseling with Duncan about building an Amway business:
Sigh.
Bankruptcy records ARE public, always. Some people do not like to admit it when they have been conned, these people deserve our sympathy.
Ah yes, some IBOs feel that it is still worth counseling with Greg Duncan.
How many new diamonds have emerged from WWDB since 1998 or so? What growth have they seen? I recall some speeches made by WWDB leaders, some of which may have been given by Mr Duncan himself. Refering to having jobs or paying for homes with a mortgage, it was said “stupid comes to mind”.
So now that we can see diamonds and above quitting, homes foreclosed, bankruptcy. I ask where’s the fruit they always talk about?
Just one more observation, I looked through the materials posted on the Amquix website. I did not see 10% of the income donated to church/charity.
Greg,
will say anything to make money.. he thinks he is free.. he is a SLAVE to money… too bad he cannot look in the mirror and see a man of god.. what a disgrace to his family..
Gregs downline
Like anyone that really spent a good deal of time in WWDB, and specifically in a Duncan downline/Freunions and whatnot, you know this is amazing.
Wow, I can’t believe he used a interest only mortgage with a balance of 1.5+ million … let alone mortgages at all.
Puryear is not as wild in his speeches about mortgages interest as the Duncans so I am shocked.
I never thought XS was a fair deal from the beginning because Greg was double dipping and using his position to take advantage of other IBS … “all have the same opportunity” yeah right.
But what crazy is that he would turn around and sell a slightly different version of XS and call it ‘All In’ and use heavy sex appeal to do it. Just shocking really because they always volunteer all this “moral” talk. Its not like we ever asked about their morality, its just they stand up there and talk as though God wants them to be successful and God will do the same for us if we just learn to become like them.
All the while taking out interest only mortgages and negotiating with Amway owning XS and then turning around and selling All In behind Amways back …
Like I said, for anyone that spent multiple years in a Duncan org this is just amazing and almost unbelievable given all the things we have heard them say.
But they are just people like everyone and they used God as a justification to rip people off on multiple levels.
I went to one of their “reunion” things years ago in Washington State. I remember the peeps going nearly ‘nuts’ when all those Duncans were up on the stage…..still photos of all the cars, airplanes, etc. And, all of them standing up there and smiling big-time. I remember thinking even back then what a scam it was. I’m VERY glad I bailed whtn I did and, as for those Amway home products like the laundry soap and dish drop soap…..those were ALL garbage to me.
Here’s an added thought from that ‘ripoff’ of a seminar I went to back in the very early 90’s. Not only was it ‘cached’ in a “religious” kind of setting – ie: ‘church’ on Sunday, which myself and wife did not attend – I just didn’t feel very good about it. It sort of really gave me the creeps seeing this HUGE room full of people standing and screaming and cheering all those Dunc’s on the stage. Looking back at it now, it was Greg, Brad, and their parents as well as a couple of their close downlines, I think. It, even then, made my skin crawl. I think myself and my wife would’ve done MUCH better to have just taken the money we wasted watching that whole bullshit show and, spent it on the coast, instead. It was kinda like lambs being led to the ’slaughter’. I think there IS a special place in hell for Scamway operators like these people.
I agree with you 1000%, Rob (my post below details my experience). I never felt right at those meetings, I tried to very briefly be okay with it for the sake of my fiance and our mutual friends.
I am so thankful for the internet (which G Duncan apparently hates, I can see why, the truth is getting out). Hopefully Amway’s image will continue to corrode.
Here’s yet ANOTHER thought I just recalled…..Brad was VERY fond of wearing silk suits. Telling EVERYONE at ANY function he was at, that he could NOT get a credit card because, he “didn’t have a job.” Another of his favorite ‘buzzlines’ was, “I’m a millionaire many, many times over.” I remember Dan W and Trey – whatever his last name was – and their wives nearly being enthralled with him. Even then, I had my doubts. That “start-up” kit DID cost me something as I remember. It also seems as if nepotism is VERY much in place in the AmScam organization. Those DeVos kids and the other guy’s kids being all up in it. They call it the “Miracle Mile” as I remember. Probably, a fitting term. It’s a miracle it’s still there given all the scams. There was another AmScam dirtbag I seem to remember….Bill Britt or something like that. All those postings about being told how to act and what to do ARE truthful.
One woman wrote on another site how people she barely knew, had only met one or two times, were coming up to her, hugging her and telling her how MUCH they loved her. WHAT a CROCK!!
Fortunately, my dealings with this sorry company cost me less than one thousand dollars total. I quit it, bailed and will NEVER buy ANYTHING with an Amway name on it.
People DO need to understand this. It’s a SCAM!!!!!!!! They show you photos of airplanes, boats, cars, mansions…..bring all these “speakers” in and tell you that you can have it but, it’s NOT ‘easy’. You need to WORK, WORK, WORK.
99.9% of most who try likely fail, I would think. And, fail AFTER spending money they didn’t have in the first place. Chasing that dream. That dream that AmScamWay loves to keep pushing on people.
After I’d attended that “seminar” and spent about 450 bucks on it, I remember one night sitting in a Dunkin Donuts. My daughter and wife were up in the Seattle area visiting her Mom. I was just sitting there, minding my own business, reading the paper I had purchased and sipping my coffee.
Some guy walked in, sat down one stool away from me, gets a soda. Of course, he’s dressed in a shirt and tie. I “smelled” Amway ALL over this guy.
He tried to ‘engage’ me in conversation. He asked me if I knew who ‘Bill Britt’ is, as I recall the name. I trumped him having been to some of those ScamWay seminars. I told him I knew he was one of those big AmWay wheels. Fresh from a ’seminar’ and out trying to recruit ‘downlines’ in a Dunkin’ Donuts.
He was out “prospecting” as Amway likes to call it. Told me how ‘fired up’ his wife was after that meeting. (She was nowhere to be seen). I told him good for her and him. I’m sure they’re probably among the millions who have been scammed by WWDB and the Duncans and AmWay. OR, maybe they’re Diamonds or Emeralds paying into Duncan Family business?
All I wanted to do was be left ALONE and I finally told him that. The prospective AmWay millionaire finally left me alone.
That’s the way that scam operates. Hook people and they turn up in coffee shops or ANYWHERE trying to find ‘downlines’. My ‘upline’ actually probably committed and illegal act by talking to me and ‘recruiting’ me on the US Navy post exchange. He was a ‘merchandiser’ for a beer company in there setting up his displays and I’m sure it was VERY illegal for him to be doing what he did. Poured on the ‘charm’ and the sugar and that’s how I got sucked in. He was a civilian, I was active duty.
Just DO be wary people…..they glaze this up to look like it’s YOUR dream come true. It’s NOT, for the vast majority. I lost very little. I know it’ll come back knowing what the people behind it will end up with in the long run.
For some, it works but, that’s the HUGE minority. Guys like those Duncans and Britt and DeVos. IF you’ve lost to these dirtbags, don’t fret. Their day will come.
WHAT an inordinate amount of time I wasted on this thing. Even if less than a year, I got caught up in it and even tried to get downlines in MEXICO!!!!!
You all should’ve seen all these peeps in this hotel conference room in Santa Barbara drooling over Brad Duncan. It was nauseating. I had a BAD feeling about it even then. There was just something that was smacking as just not ‘being right’ about the whole thing.
But, it seemed, for every ONE of ‘me’ there were TEN who were being led down that path.
This was a few months before that big Oregon seminar. I think I mentioned it as WA State earlier. It was actually in Portland, OR.
At that much smaller Santa Barbara thing – 30 or so people – the asskissing on Brad Duncan nearly made me want to puke. ALL of the women there and most of the men there were SO far up his ass, it was sickening.
But, gotta give him his dues…..he, his bankrupt brother and his sorry parents are ALL pretty good scam artists. Brad was REAL fond of talking about how Greg dropped out of Med School ONE year shy of graduating. How he gave up a VERY lucrative career as a DOCTOR to be in AMWAY!!!!! WOO HOO!!!!!!
How he, his bro, his parents are ALL multi-millionaires and they show the photos of the ‘fruits’ of it. They all stand up on stage in tuxedos smiling and just acting like they’re all the cheese. Even then, I didn’t subscribe to it. I didn’t stay with it much past that.
Had I followed my ‘gut’ instinct, my wife and I would’ve gone to our hotel room, and left the next day and never looked back.
IF you or ANY one thinks you can make it with AMWAY, more power to you. It’s a crooked, corrupt, pyramid, controlling company and I wouldn’t buy a THING from that company or ANY ‘distributor’. Nowadays, I WISH one of these ‘prospectors’ WOULD approach me. I’d waste ALL his time.
I’d string him or her along for as long as I could. Act naive and unknowing since, that’s what they’re looking for. I’d be HAPPY to show up at a meeting. Dressed in street clothes and with my own six pack of beer. They don’t like you to NOT be dressed to the ‘nines’. SUITS required. Of course, ALL of this after stringing the recruiter on. I can only hope I get approached again.
So, the chicken’s have come home to roost: right on G Duncan’s forclosed properties.
About 12 years ago, my then-fiance got into Amway and bought the tapes (before CDs became popular) and did showed the plan, and was told that the more he drove to Amway events, the more successful he would be.
I could not STAND the arrogance of those Duncans, nor Puryear. Their far-right wing politics and fundamentalist Chritianity was more than I could stomach, I felt that if that was their worldview, FINE, but to force it onto other and tell people NOT to read but what is on thier “list”. My fiance and I eventually broke up (partly because of Scamway, partly because of other things): he is a very good person who felt that it was his fault that he could not become Diamond. Wherever my ex is, I hope he gets wind of this and understands that he did NOTHING wrong and that these guys (yes, guys, women ARE NOT ALLOWED TO SHOW THE PLAN, unless they are single, don’t even get me started on the sexism in Amway) in WWDB are a bunch of crooks and bullies.
Hey Brandy. I DO remember those tapes, too. Like you said, CD’s were still aways off. And, that arrogance…..you hit that one STRAIGHT on. In that real long post above, I mentioned how BAD the brown-nosing was. That was what really nauseated me. I don’t know if I ever met Puryear and don’t even recall meeting Greg Duncan. I did meet Brad a few times and saw them all up on that stage in Portland. The two sons and their wives and the mommy and daddy. You’d have thought they were Jesus and all the deciples (sp?). There must’ve been 5000 people or more in that room screaming their collective heads off.
Brandy – Thank you for your comments regarding Duncan and WWDB. I have additional posts about Duncan’s activities here:
http://amthrax.wordpress.com/tag/greg-duncan/
Dan
Aug 19th, 2009 at 03:23
These folks(Duncan) Brag about how great of businessmen they are and can not pay their own Bills. Brab Sold his Whitefish home for 8 millon dollars. The man who bought it Sold it the next Day for 12 Millon. No matter how much Money you make You must spend less than you make. Spend more than you are making you Go Broke. That is what happened to the Duncans. All five of the Whitefish home have for sale signs in front of them. A texas lender now holds the titles and the y are all for Sale . I just Drove past them at 1:30 pm Today Aug. 18 2009. The bigger they are t he Harder they fall
One Trackback/Pingback
[...] the recent bankruptcy auction held on the Duncan estate. Readers will note that Duncan has been in bankruptcy proceedings for nearly two years now. One of the more interesting documents that Larsen has on his site is a proposed loan to the amount [...]