Andre Vaughn’s Chapter 7 bankruptcy in February 2022 resulted in a settlement with Youngevity. Vaughn filed a Status Report with the court on April 19th, updating the court on his bankruptcy proceedings.
Vaughn filed a petition for bankruptcy in the United States Bankruptcy Court, Middle District of Pennsylvania, on November 5, 2021, under Chapter 7 of the United States Bankruptcy Code.
Vaughn filed a Notice of Bankruptcy Filing on November 17, 2021, informing this Court and all parties in the aforementioned case of his Chapter 7 bankruptcy filing.
The United States Bankruptcy Court for the Middle District of Pennsylvania issued an Order of Discharge on February 11, 2022, discharging Vaughn’s debts under 11 U.S.C. 727.
Vaughn claimed that, as a result of his bankruptcy, he believed that all claims against all parties had been resolved, and that the case in question was ripe for dismissal in its entirety.
Youngevity first disputed Vaughn’s claim, claiming that their case was not specifically mentioned in Vaughn’s bankruptcy filing.
Youngevity filed a joint motion dismissing its claims against Vaughn on May 13th, following a response from Vaughn reasserting his stance. Vaughn has also agreed to waive all lawsuits against Youngevity.
The court set a hearing for May 18th to sign off on the filing, which was filed on May 16th. The court docket hasn’t been changed yet, but I expect the most recent settlement will conclude the matter.
In a lawsuit filed in 2016, Youngevity listed Vaughn as a defendant. Vaughn and other defendants were accused by the MLM company of effectively dismantling the company in order to start Wakaya Perfection (now Mfinity Global).
According to our reader K. Chang, Vaughn has a history of MLM-related bankruptcy filings. In 2019, he and his wife were arrested and sentenced to ten months in jail for bankruptcy fraud.
For the same offense, Vaughn’s wife was sentenced to three years of probation.
Vaughn describes himself as a “multi-millionaire entrepreneur” and a “wealth influencer” on social media. In a few days, I’ll revisit the Youngevity case docket.
Hopefully, they’ll have finished the investigation by then.