Investview Announced Today that it Settled a Five Year Old Legacy Debt for a Fraction of the Claimed Amount
RED BANK, NJ / ACCESSWIRE / October 17, 2014 / Investview, Inc. (OTCQB: INVU) announced today that it settled a five year old legacy debt for a fraction of the claimed amount.
In 2009, Investview entered into an agreement with a lender for a loan in the principal amount of $200,000. Due to the incarceration of the sole principal of the lender and the lack of clarity as the rightful owner of the proceeds from the initial loan, the loan remained on Investview’s balance sheet. As a result of the fraudulent acts of the principal of the lender, a victims fund managed by the Department of Justice acquired the rights to the proceeds of the loan.
At no time was Investview in violation of any criminal statute or under investigation by the Department of Justice. In an effort to recuperate money on behalf of the lender’s investors, Investview fully cooperated with the Department of Justice to bring this matter to an amicable resolution.
"We were happy to work with the DOJ to bring this matter to a close. It is unfortunate that this debt was originated by a lender that the DOJ investigated” said Dr. Joseph Louro, CEO of Investview. "We are pleased Investview was able to help the DOJ resolve this matter quickly and favorably" Louro added.
About Investview, Inc.:
Investview, Inc. is a diversified Financial Services company which includes a Registered Investment Advisory firm and intends to utilize the firms' technology to generate reoccurring fees and commissions from potential Investview customers. Traditionally, Investview provides and delivers a comprehensive online program of investor education, offers proprietary investor search tools and trading indicators, distributes weekly newsletters and offers access to live weekly Trading Rooms. Under the direction of CEO Dr. Joseph Louro, Investview is continuing to emerge as a Financial Services company seeking diversification of revenue. For more information on any of the Investview products please visit: www.investview.com.
Forward-Looking Statements:
Certain statements contained in this press release may constitute "forward-looking statements." Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors as disclosed in our filings with the Securities and Exchange Commission located at their website, sec.gov. In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors. The forward-looking statements included in this press release represent the Company's views as of the date of this press release and these views could change However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of the press release.
CONTACT:
Investview, Inc.
(732) 380-7271
www.investview.com
SOURCE: Investview, Inc.