Wakaya Perfection Stopped From Questioning Youngevity About Insider Trading

Wakaya Perfection ReviewRecently, Wakaya Perfection has been getting a lot of hype on the internet.

I have had people pitching this one to me on a near daily basis, in fact, and I have seen it making the rounds on social media as well.

I want to make it clear I am NOT promoting this business opportunity as an affiliate or distributor in any way.

I have done all my research in this Wakaya Perfection review do you can learn the honest truth and decide if it’s right for you.

Is Wakaya Perfection a scam? Is it legit?

Can it really deliver on it’s promises?

Let me tell you in my Review Wakaya Perfection.

Let’s get started.

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Seriously, What Is Wakaya Perfection?

Affiliates have recently been jumping ship from Youngevity in favor of Wakaya Perfection, and with this king place, Wakaya Perfection has been exploring and spreading rumors of insider trading.

Wakaya has been pressing Youngevity affiliates with “questions concerning securities laws of the United States or facts germane to whether any federal securities have been violated.”

As you’d probably expect, Youngevity wasn’t too keen about this at all.

Shortly after Wakaya Perfection started doing this, Youngevity filed a proactive order that would prohibit Wakaya from continuing this activity.

Wakaya first started digging into rumors about insider trading with Keith Halls – an affiliate for Youngevity since as far back as 2013 – and the deposition for Halls went as follows:
“During Mr. Halls’ deposition, counsel for Wakaya, Michael Anderson, asked Mr. Halls numerous questions about an email chain between Mr. Halls and Dave Briskie, Youngevity’s President and Chief Financial Officer.”

However, Halls wasn’t just an affiliate for Youngevity – he’s also a stockholder. With that said, Halls reportedly “at unknown timed traded that stock.”

The story continues with:

“The deposition testimony and the email chain itself reflect that on February 27, 2016, Mr. Halls sent Mr. Briskie a draft report detailing Youngevity’s financial performance, which Mr. Halls intended to send to Youngevity distributors.

Mr. Halls prepared the report to allay distributor concerns following Wakaya’s announcement that the company was going public.

Wakaya Perfection Scam

Mr. Briskie responded to Mr. Halls’ email, “If you want to lower your revenue estimate to 155 Million for 2015 we will likely beat that number when our filings come out.”

Mr. Halls then updated his report, seemingly to reflect Mr. Briskie’s number.

Following this conversation, Mr. Halls sent the report to some of his downline Youngevity distributors.

The information in the report was later published as a blog post dated March 1, 2016 and was available to the public.”

Following all of this, an attorney for Wakaya Perfection then decided to ask Halls numerous questions about inside trading that took place inside of Youngevity.

Halls was asked by the attorney if he was “aware that insider trading includes communicating material, nonpublic information, to others”, and in response, Halls pleaded the Fifth.

Halls then pleaded his Fifth Amendment for a second time, and after this, attorneys for Youngevity decided to object against other questioning during the deposition. The attorneys went as far to tell Halls “not to answer any further questions relating to insider trading.”

After the deposition was completed, Youngevity moved to file a protective order and pushed with sanctions against the Wakaya attorney that had questioned Halls about the insider trading matters.

With this motion, Youngevity states that it “argues that alleged instances of insider trading are wholly irrelevant to both parties’ claims.”

Wakaya never had a specific instance of insider trading to use against Youngevity, but despite this, the company still tried to tie this supposed activity to affiliates that were jumping ship.

An order was made on October 23 regarding this matter, and for the most part, it went in favor of Youngevity.

“Nowhere in Wakaya’s answer or counterclaims is insider trading mentioned. Nor are rumors of insider trading mentioned.

Wakaya’s answer and counterclaims also do not allege that Youngevity officers provided non-public information to distributors.

In addition to Wakaya’s failure to mention insider trading in its pleadings, Wakaya has offered no evidence or examples of Youngevity distributors or employees leaving because of actual or rumored insider trading.

At oral argument, on September 28, 2017, Wakaya could not identify a single distributor or employee who left Youngevity because of actual or rumored insider trading, much less because of the specific incident of alleged insider trading Wakaya pressed at Mr. Halls’ deposition.

Furthermore, the discovery Wakaya seeks is unduly burdensome as it subjects the deponents to questions about conduct that Wakaya characterizes as criminal when it has been unable to substantiate that any criminal conduct occurred.

Insider trading requires that a trade occur in connection with the exchange of material, nonpublic information.

Despite multiple opportunities to provide the Court with evidence or examples of a trade occurring based on material inside information, Wakaya failed to do so.”

Wakaya really needed specifics about insider trading to bring the matter up, and the fact that the company’s attorney did so without anything really isn’t a good look for the company right now.

There’s a lot taking place with all of the filings between Youngevity and Wakaya, so if anything else of substance happens while the case progresses, be sure to check back for an update.


Seriously, Is Wakaya Perfection A Scam Or Is This Legit?

As I am sure you have heard with most business opportunities, there are a lot of scams on the internet, and Wakaya Perfection might be a scam with them.

Having read the review above, you might be wondering if Wakaya Perfection is legit or completely a scam.

So, is it a scam?

Is Wakaya Perfection a scam, or can you make a proper business with it?

Honestly, Wakaya Perfection isn’t a complete scam, but there are definitely some things to be aware of (see the conclusion section).

Whether you decide to join or not, you really need to master your marketing and lead generation.

This is the only way you will be successful.

See below for help with making money online.

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Here’s My Wakaya Perfection Final Thoughts!


Hopefully, you have enjoyed this Wakaya Perfection Review.

I wanted to give you this in-depth review because there have been plenty of other Wakaya Perfection reviews that don’t really give all the information you need.

If you do decide to join, I want you to be successful, so learn how to market yourself properly.

My FREE training below will help you market and earn money!

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