DUSTIN MITCHELL vs. DubLi, Inc. Scam
There is a battle that is raging between scammers right now. I thought you might enjoy some of the highlights. Let us begin.
Cast of Characters
Dustin Mitchell – A millionaire entrepreneur heading several private companies, a lawyer who graduated from Washington University’s law school and a political insider staging a run for lieutenant governor of Missouri. Court records instead reveal a convicted felon with a trail of trouble and dubious claims. Authorities say he isn’t a lawyer, and charged him with one felony count of stealing by deceit for allegedly taking money to represent a St. Louis County man in court. – Source Sltoday.com
Michael Hansen DubLi CEO – Michael B. Hansen is the President and Chief Executive Officer of the Company since October 2009 and a director since September 20, 2010. Michael Hansen originally founded the DubLi group of companies. Michael Hansen started his career in 1989 as a developer at the Danfoss A/S, a Denmark-based producer of components and solutions for refrigeration, air conditioning and heating. In the early 1990’s, he worked at The LEGO Group as technical designer and was responsible for world development and designs. From 1996 to 1999, Mr. Hansen was the owner of a chain of restaurants in Denmark. – Source SEC Documents
In my opinion Michael Hansen is running a product-based pyramid scheme. If you take a look at the documents this company has filed with the SEC you will find the following.
During 2012, the Company had a lease ending in 2020 for 10,476 square feet in Boca Raton, Florida for their global headquarters. On December 31 2013, the Company ended their lease prematurely and moved to Ft Lauderdale, Florida. As a result, the landlord filed suit against the Company for breach of lease. Their current address in Florida is at the following business center. http://www.regus.com/locations/business-centre/florida-fort-lauderdale-cypress-park-west
DubLi is not a profitable company. They have incurred losses since the inception of their operations. As a result, they have a deficit of approximately $24.1 million, as of September 30, 2012. For the period September 30, 2012 to date they continue to lose money.
Income from Shopping Mall product sales 2012 $313,881.
Michael B. Hansen’s CEO Base Pay $420,000.
– Source SEC Documents
Michael B. Hansen’s pay is larger than the money that is brought in by the Shopping Mall selling products. Much more of the income for this company is from recruiting people into the DubLi Network instead of from retail sales of goods through the Shopping Mall. In my opinion this is a clear product-based pyramid scheme.
Here is how the DubLi Network scam is presented.
Claims and Counter Claims
Dustin Mitchell October 6, 2014 – Filed a petition for order of protection against Michael Hansen, CEO of DubLi. The judge granted and signed the request.
Dustin Mitchell October 8, 2014 – DubLi Inc. stole $12,000 from me and hasn’t repaid it. I will seek restitution and damages through the courts soon.
DubLi October 11, 2014 – Contrary to his public posts, Mr. Mitchell has never been a member of DubLi’s corporate staff, much less a member of its management team. Mr. Hansen has never met Mr. Mitchell and has never made any threats against him. While Mr. Mitchell did register to join DubLi, he never made his required payment and has yet to provide documentation or verification of such payment. His online representation of holding a DubLi corporate title as well as his hosting of a variety of social media pages using the company’s corporate names are all in violation of DubLi’s terms and conditions, and constitute a misuse of our corporate trademarks. Full response at https://www.facebook.com/
Dustin Mitchell October 13, 2014 – Just this morning DubLi has attempted to slander and defame me in an effort to gain leverage in the pending legal situation in the USA. The statement they issued is nothing more than a media ploy for leverage. I will be filing suit against the company tomorrow. Additionally, since DubLi is publicly proclaiming that I had no affiliation with them I will be posting documents, audio conversations, email correspondence and court documents on the website www.dustinmitchellvsdublicorp.com so that the public has access to review facts vs. DubLi’s continued attempt to deceive the public for profits.
At this point two current DubLi top income earners have agreed to testify on my behalf, and several DubLi insiders which have left the company since, CEO Michael Hansen’s illegal plans are becoming increasingly apparently, have also offered to cooperate with my legal case against DubLi was announced. I would also like to make it public knowledge that when I prevail in court against DubLi, any monies paid as punitive damages will be donated to the Make-A-Wish Foundation. This suit is about saving Americans from a European version of Bernie Madoff. I will not accept any personal financial rewards.
What Will Happen Next?
Anything is possible in this battle going forward. We may see a court case or some type of settlement. I will update this post when more information is available.