James Merrill entered a not-guilty plea for the TelexFree Inc. co-owner Wednesday in federal court in Worcester, his lawyer said.
Merrill, of Ashland, was president of the Marlborough-based phone service company, which is accused of running a $1 billion global pyramid scheme. His business partner, Carlos Wanzeler, remains a fugitive in Brazil and did not appear in court to face the charges.
Both men have been charged with nine counts of wire fraud and conspiracy. Each charge carries a possible maximum sentence of 20 years, but actual sentences are generally less than the maximums, according to the US Attorney’s office.
TelexFree sought federal bankruptcy protection in April, just as state and US securities regulators were days from filing civil fraud charges against the principals. Wanzeler fled the country that month to his native Vitoria, Brazil, while Merrill was arrested and held in jail for several weeks.
Merrill will remain home, wearing a GPS tracking bracelet and on $900,000 bail, officials said.
Author Archive for Successful IBO
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Nevada consumer spending rises but far below norm
by Successful IBO • • 0 Comments
Consumer spending in Nevada rose to its highest level in five years in 2012 but continued to lag far behind the national average, according to a report released Thursday showing a wide discrepancy in economic recovery from the recession across the country.
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Mother-Daughter Bonding Turned Business Venture
by Successful IBO • • 0 Comments
The Loopy Ewe founder Sheri Berger just wanted to help her 13-year-old daughter find a hobby…but the search turned into something so much more.
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Dancing With The Stars Finalists, Ryan And Ashleigh Di Lello, Earn A Jeep Through Mynt
by Tina Williams • • 0 Comments
Ryan and Ashleigh Di Lello are Latin ballroom champions known for their guest performances on ABC’s Dancing with the Stars and for being the first married couple to be voted all the way to the finals of the hit FOX show So You Think You Can Dance.
So the question becomes: How do you parlay your dance skills into earning a Jeep through the 4×4 Program?
“We worked very hard to find good leaders to launch this business with. Then we focused on helping these leaders build their businesses by doing opportunity meetings and calls with new potential promoters,” Ryan says. “We taught them to do the same and organized meetings and charity events where our teams could invite new prospects.”
Fearless
Fear is rarely ever a productive emotion, and certainly not in business or in relationships. Ryan and Ashleigh both agree that they have taken a fearless approach to presenting the mynt opportunity. “We didn’t hold back when we thought of a new person to approach about this business.
We felt it was a disservice to them to not invite them to hear about such an incredible opportunity. We also make sure to always follow up. ‘The fortune is in the follow up,’ as they say.”
before
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Trévo Welcomes New Dubai Country Director
by Nicole Dunkley • • 0 Comments
Please join us in welcoming Senthil Kumaran to the Trévo global family. Senthil has recently joined our team as the new Dubai Country Director, and we believe his expertise, leadership and experience working in network marketing will be integral in taking Trévo Dubai to the NEXT Level of Success.
Senthil was born and raised in Bangalore, India. He came to Dubai in 1998 as a marketing manager for the Middle East countries where he was responsible for business development across 19 countries. He won three consecutive excellence awards from the government of Dubai, where he worked for 10 years. He has also acquired his Bachelor of Business Administration and Master in Business Management and Marketing in Dubai.
Senthil has trained over 10,000 professionals in his 26 years of experience in the corporate world.
One of Senthil’s many proud moments in his life so far was in 2011 when more than 10,000 networkers cheered for him when he took his parents on stage and received their blessings while being recognized as the first 10-star worldwide achiever, meaning he earned $50,000 USD in one week. “I thank God I still have both my parents,” he said. His younger brother and family work in the USA and he has two children.
Senthil
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Cutco Expands To Brick & Mortar
by Tina Williams • • 0 Comments
For decades, Cutco Cutlerysold knives to millions of Americans through a door-to-door business model, but in recent years, they’ve been expanding to brick-and-morter outlets in states across the country.
Last week, the first Texas store (and seventh nationwide) opened at 3201 Bee Caves Road.
The company chose to open a store in Central Texas because of the strong established customer base. (The company estimates that there are more than 100,000 Cutco customers in Austin.) The 1,000-square-foot store features stations where customers can try out the knives and other accessories and cutlery, and people who are already using the knives at home can bring them in to get sharpened at no cost.
In addition to kitchen tools, the store also sells garden tools, sporting knives and other products, including floor mats, candles and some food products.
About Cutco Cutlery Corporation and Vector Marketing
Cutco Cutlery is a 65-year-old company with headquarters and manufacturing facilities in Olean, New York. Vector Marketing is the company’s sales division, coordinating all sales for Cutco Cutlery through a national network of college students who sell products through in-home personal demonstrations. More than 15 million US households have a Cutco product.
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Claims Can Be Lodged For Banners Broker Loss
by Tina Williams • • 0 Comments
Those who put money in the collapsed Banners Broker investment scheme have been given the opportunity to stake a claim for their losses.
The joint liquidators of Banners Brokers International Ltd in the Isle of Man have also taken steps to inform investors about the ongoing investigation into the company’s affairs.
A website has been established where information documents can be downloaded and proofs of claim submitted.
These are to be supported with bank statements showing the initial investment and the pictures of the onscreen balance currently held in Banners Broker accounts.
The move comes three months after the joint liquidators, Paul Appleton and Miles Andrew Benham, were appointed following concerns about the conduct of the suspected pyramid scheme.
Immediately after the liquidation of the Isle of Man company, and the seizure of up to £6m (€7.5m) in assets, the Canadian-based owners of the operation claimed the bulk of their resources had already been moved to a sister company in Belize.
The cash in the bank in the Isle of Man was described as a rainy day fund which was not core to their business.
A statement on the advisory website said the joint liquidators were still investigating where the rest of the company’s money is held.
“The
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NY racing chief meets goals, gets $250K bonus
by Successful IBO • • 0 Comments
The head of the New York Racing Association is getting a $250,000 bonus a year after taking over the state-controlled operator of three thoroughbred tracks.
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Appeals court says mayor's article not defamatory
by Successful IBO • • 0 Comments
A former Utah mayor who wrote news stories under a false identity did not defame a former contractor in one of the articles, a federal appeals court ruled.
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Omnichannel Customer Service No Longer Optional
by Successful IBO • • 0 Comments
Being a customer service representative in the digital age is both a blessing and a curse.