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In July, we wrote about Suntasia Marketing (also known as Strategia Marketing) and their misleading tactics. The company is now apparently in receivership, and in August, the Receiver published a preliminary report — which provides some very interesting reading if you’re interested in this kind of stuff. It details the high rate of refunds and returns, the misleading sales tactics and the poor quality of the products sold.

In summary, it appears that while the receivership defendants have a strong compliance function, the overall marketing goal is to obtain, often with misleading tactics, consumer banking information that is utilized to market and obtain payment for memberships and services of questionable value or utility. The Temporary Receiver will continue to suspend operations pending instructions from the Court.

The document also details the company’s assets and liabilities, including an outstanding loan on an 80 foot Lazzarra yacht.

Alex Eckelberry
(Hat tip)