One of the things a lot of these dodgy diet pill sellers have in common is the payment processor that they use. By tracing back who owns these processors we can usually get quite a bit of information.
Recently many of the diet pills people have been using Gadd Formulas LLC to process the credit cards.
However due to sites like ours trying to expose things and numerous people reporting their bad experiences, it means there is a lot of negative publicity in the search engines about them. This is not good for business, as anyone doing due diligence will find all this negative press and be quite rightly scared off.
As a result, we have seen some of the diet pills that were using Gadd Formulas LLC changing to other payment processors. This way anyone searching is not likely to find any negative publicity.
Some of the products are now using Doakes Nutraceuticals LLC to process the credit cards including the latest product out of the stable, Phytodren.
We took a quick look at Doakes Nutraceuticals to see what we could find.
First off we visited the Utah.gov website and did a company search:
It seems like Doakes Nutraceuticals LLC are using the same Proxy lawyer to be the registered agent, BTJD Corporate Services LLC. This seems to be a pattern with all of these companies and is not unusual, but then you have got to ask yourself why? Gadd Formulas was set up in this way, is it the same people behind it all?
Why do these companies do this? What have they got to hide?
So lets have a look at the Manager of Doakes Nutraceuticals, Fitness Prime Management LLC.
Who are Fitness Prime Management?
Another Google search and we find that they are owned by:
So Xtreme Business Solutions, Inc owns Fitness Prime Management.
Who Are Xtreme Business Solutions, Inc.?
A quick look on their website tells us all we need to know, they are a company based in Nevada that specialises in setting up Nevada companies for the following reasons:
It’s designed for tax efficiency as well as the following:
What Does All This mean?
Just ask yourself these questions:
- Why would a site like Phytodren fail to display their address?
- Why would a site like Phytodren use Doakes Nutraceuticals as their payment processor?
- Why would Doakes Nutraceuticals use a lawyer as the registered agent
- Why would Doakes Nutraceuticals use Fitness Prime Management as the manager
- Why would Fitness Prime Management use Xtreme Business Solutions, Inc. as the registered agent
- Why would all this be traced back to Nevada
Benefits of having a Nevada registered company.
A Nevada corporation may be formed for the sole purpose of limiting a person’s liability in any lawful business venture
Officers and directors of a Nevada corporation can be protected from any personal liability for lawful acts of the corporation.
Piercing of the Corporate Veil does not happen in Nevada as it does other states
Question, questions, questions!
* Our team have spent many hours collating detailed information for this report. They have checked facts as much as possible but if you think any information is inaccurate then please contact us.
Disclaimer: Our reviews and investigations are based on extensive research from the information publicly available to us and consumers at the time of first publishing the post. Information is based on our personal opinion and whilst we endeavour to ensure information is up-to-date, manufacturers do from time to time change their products and future research may disagree with our findings. If you feel any of the information is inaccurate, please contact us and we will review the information provided.