'Infomercial King' Kevin Trudeau Released From Jail

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Babenko has since returned to her home in Kiev, Ukraine. Evidence presented today in court indicated that Trudeau allegedly directed associates to make a $380,000 mortgage payment on an apartment in Kiev for his wife and her mother.

Babenko's assets, which could also include overseas trust accounts, and tens of thousands of dollars in designer clothing, jewelry and furniture, may also be subject to forfeiture, to the extent that they were acquired with proceeds from those corporate coffers.

Among the companies covered by the judge's ruling is a multi-layered marketing foundation called the Global Information Network, known by the acronym GIN. It is billed as private wealth, health and success building club --boasting of thousands of members in more than 150 countries.

The club was conceived, Trudeau claims, by a secret council of 30 people -- including anonymous billionaires, royals, high-level members of secret societies -- and Kevin Trudeau. In Internet videos, Trudeau pitched GIN as a way for members, who pay $1,000 to join and $150 a month in dues, to acquire secret information heretofore available to only the elite.

The club's U.S. subsidiary, GIN USA, reported more than $60 million in gross revenue in the past three years, virtually all of which came from payments, purchases and upgrade fees from the club's own members. It is not clear how much, if any, of that money remains.

The receiver will have to determine whether GIN and its affiliated entities should be allowed to continuing to operate or should be shut down and have their assets liquidated. The receiver has already fired a number of GIN employees, and has barred Trudeau from speaking at any of the company's events, even if he spoke for free.

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