ED Magedson – Founder
Henning Morales3535 Multiview Dr Los Angeles, California United States of America
Henning Morales (Moral-Less) and his cohorts at eWorld Companies have continuously defrauded investors, abused employees through theft of services, and continues to do so in order to fund his extravagent lifestyle. Below is a list of individuals (ex-employees) who are currently owed money for their services to eWorld. All of these individuals have been owed these monies for over 6 months, with dollar amounts totalling well over $30,000.00. Henning's tactic is to promise payment (but continually falls short due to "cash flow problems") but fails to produce on any level. Once past employees take steps towards recovery Henning cuts off contact all together. With a company stock price at $0.0001/share and Henning still selling preferred shares at $.50/share there should be no "cash flow issues." It must be the multi-million dollar house he recently purchased for himself with investor fund in the Hollywood Hills.
Past employees owed money:
Casey Yarbrough $3000 Owed since February 2010
Griffin Moodie $6000 Owed since March/April 2010
Stephen Goodman $12,455 Owed since January 2010
Gloria Morrison Approx $10,000 Owed since January 2010
Many more to follow........
On top of Henning's extravegant home, he constantly travels to Spain, sporting events, and across the nation under the guise of business. No financial returns have been seen from any of these "business trips," and the company has not generated a profit since inception. Henning Morales is the downfall of what couldve been a profitable business model, the technology is extremely outdated, the marketing is heading in the opposite direction of profitibility. This company only exists to fund Henning's big shot image. Remove Henning Morales from eWorld Companies, re-engage the technology team responsible for the original technology, and stop spending money on frivilous ego boosting events and eWorld might still have a chance.
This report was posted on Ripoff Report on 09/20/2010 08:00 PM and is a permanent record located here: http://www.ripoffreport.com/reports/henning-morales/los-angeles-california-90068/henning-morales-eworld-companies-fraud-scam-investor-scheme-cheat-employee-abuse-co-m-642658. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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