Effective September 10, 2015, FBEC Worldwide, Inc. announced that the employment contract for Robert Sand was suspended pending the outcome of a corporate investigation related to his activities as Chief Executive Officer and Chairman of the Board of Directors, for actions detrimental to the corporation, conflicts of interest, breaches of fiduciary responsibility and potential fraud. A corporate investigation of his actions is underway and all legal and equitable actions that can be taken by the corporation for recovery of assets or capital have been approved. Adam Heimann and Joseph Spatafora were nominated to the Board of Directors to fill the vacancies.

Mr. Heimann was elected as the President and Chairman of the company with Mr. Spatafora as Secretary/Treasurer. The company received and accepted the resignation of Michael Wilcox as a member of the Board of Directors.