Nine-time INC 500/5000 honoree 5LINX announces that Stedman Graham will be the featured speaker at its upcoming 5Linx National Training Event in Atlanta, Georgia.
The four-day event will be held October 10th through the 13th in the Atlanta Convention Center at AmericasMart.
Expected to attract over 1,000 5LINX independent representatives, the event features business, sales and personal development training. 5LINX will also be announcing the addition of new products to its already extensive line-up, which includes MontaVida Coffee & Tea and the OXZGEN line of CBD products.
As a renowned businessman, Mr. Graham specializes in the concept of “Identity Leadership”, using his 9-Step Success Process. He has authored 11 books, including two New York Times bestsellers, You Can Make It Happen: A Nine-Step Plan for Success and Teens Can Make It Happen: Nine Steps to Success. His latest release,Identity: Your Passport to Success, is a Wall Street Journal Bestseller.
Mr. Graham currently travels the world speaking for organizations such as the Indiana Pacers, CVS Pharmacy, and Wells Fargo.
“I am very excited to meet the 5LINX family at the upcoming Atlanta National Training Event,”
says Graham.
“I can’t wait to participate and share, as we celebrate the entrepreneurial opportunity that 5LINX provides. You are not your circumstances… you are your
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5Linx Founder Craig Jerabeck Admits To Fraud
by Ted Nuyten • • 0 Comments
Craig Jerabeck, one of the founders of the 5Linx, pleaded guilty Tuesday to the wire fraud conspiracy and also to the filing of a false tax return.
Jerabeck and two other of the company founders — Jason Guck and Jeb Tyler — were arrested early last year and accused of looting the company and its investors of millions through shell companies and unearned bonuses. The three were scheduled for trial in federal court in mid-September; that trial date is still set for Guck and Tyler.
On Tuesday, however, Jerabeck admitted to crimes different than those contained in the indictment against him last year. He pleaded guilty to the fraud conspiracy, maintaining that he, Guck, and Tyler — or companies they created — pocketed about $2.3 million from a Florida vendor selling 5Linx products, including identity theft protection.
“We understand that Mr. Jerabeck didn’t get all this money himself,” Assistant U.S. Attorney Richard Resnick said in court. “It would be all three defendants.”
That money, transferred by “interstate wire transmission,” should have gone to 5Linx, its investors, and stockholders, Jerabeck admitted.
5Linx, a multi-level marketing company, was once one of Rochester’s fastest growing companies. In 2014, New York Comptroller Thomas DiNapoli reported that a state pension fund investment in the company
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5LINX Names Larry Harper Chief Sales Officer
by Ted Nuyten • • 0 Comments
5LINX is pleased to name Larry Harper as Chief Sales Officer. Larry is a seasoned sales executive with over 35 years of experience in Multi-Level Marketing. He spent 28 years with Amway Corporation and has directed sales in both North America & Latin America.
Under his leadership, Amway North America reached record sales of $1.4 Billion.
He transformed Amway’s Latin America business model, growing revenue from $45 Million to $160 Million in less than four years.
His work provided the foundation for a market that will soon reach $1 Billion in sales. Larry is an expert in compensation planning, sales incentives, customer relationship marketing and partnership initiatives.
Larry’s specific role will be as a traveling field ambassador, representing 5LINX Corporate at local meetings, presentations and trainings.
The addition of Larry to the team, and the creation of this field-facing position is an important investment in the growth of 5LINX.
It demonstrates their commitment to supporting Representatives across the country and providing consistent, transparent and positive messaging to those who have planted their flag with 5LINX.
5LINX is a direct sales company headquartered in downtown Rochester, with 43 local employees and several thousand independent sales representatives nationwide. The company markets a wide range of products and services in
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5Linx Executives Declined An Offer By The USA Federal Government
by Ted Nuyten • • 0 Comments
The three men accused of stealing $4 million from the investors of a company they founded, walked out of federal court Monday saying they are ready to go to trial.
The three top executives of 5LINX – Craig Jerabeck, Jeb Tyler and Jason Guck – declined an offer by the federal government. The next step is for prosecutors to take this case to a grand jury to decide what, if any, criminal charges should be considered.
Defense attorney, Matt Parrinello said they have a strong case to prove.
“We think it is in our best interest to have the case go to grand jury and proceed forward ultimately with a trial,” Parrinello said. “Our clients are anxious to get this case moving and moving along – their reputations are at stake.”
Jerabeck, Tyler and Guck are all charged with wire fraud and conspiracy. The feds say the 5LINX executives stole $4 million from investors between 2009 and 2015.
A federal complaint claims the men set up fake shell companies, and added themselves as contractors to be paid directly.
However, defense attorneys paint a far different picture, saying the three executives did not commit fraud, but were rather the victims of greedy investors.
“This is a story about
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5Linx Partners Charged With Cheating Investors
by Ted Nuyten • • 0 Comments
The original partners of 5Linx, once one of Rochester’s fastest growing companies, cheated investors out of more than $4 million, federal authorities allege according to an article in the Democrat & Chronicle.
The illegally gained money could be as much as $11 million, court papers allege.
The three partners — Craig Jerabeck, Jason Guck and Jeb Tyler — were charged today in federal court with defrauding investors between 2009 and 2015. The three were released on bond of $100,000 a piece.
5Linx was once a highly successful network marketing company, with products ranging from nutritional supplements to wireless security systems. However, there have been clear strains in recent years between past and current 5Linx management.
The Democrat and Chronicle previously reported on allegations in a lawsuit against Jerabeck, who had left the company.
Jerabeck was accused of
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5LINX To Release Streaming Television Service
by Ted Nuyten • • 0 Comments
Nine time Inc500/5000 honoree and International network marketing company, 5LINX Enterprises, recently unveiled the newest on-demand TV service, “Turvi TV” which is already turning heads.
This service, which has packages of up to 300 network channels will allow anyone with an internet or even a 3G or 4G connection to access live and on demand television and streaming content for under $30/month with no contract and no credit requirements.
5LINX President, Farshad Tafazzoli predicts Turvi TV projects a minimum of 10,000 pre-orders in the August 2016. However insiders are much more ambitious, predicting far more order before its official launch in mid September.
Turvi TV subscribers will even have the ability to pick their favorite 10 channels and be able to view content on those channels for just $25/month. Non-frugal subscribers will be able to
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Lawsuit: Former 5Linx President Craig Jerabeck – Fraud Accusations
by Ted Nuyten • • 0 Comments
According to an article in the Democrat & Chronicle, an USA Today company, former 5Linx President Craig Jerabeck joined Paycation and offered Business Development Deals to 5Linx leaders and lying to creditors.
The Democrat & Chronicle:
“One of the Rochester-area’s fastest growing companies is embroiled in a legal imbroglio between current and former management, with allegations ranging from the cherry-picking of successful sales employees to lying to would-be creditors about company finances.
5Linx Enterprises, a highly successful network marketing company that sells everything from nutritional supplements to coffee to wireless security systems, last year sued former company President Craig Jerabeck, who left the company in September.
The lawsuit alleged that Jerabeck breached a contractual pact by enticing a number of 5Linx top employees to join him at a new venture. Jerabeck has responded that he did not solicit
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William Faucette Named CEO Of 5LINX
by Ted Nuyten • • 0 Comments
5LINX Enterprises, ranked the fastest-growing privately-held company in Rochester in 2013, has named William Faucette, Jr as its new CEO.
Mr. Faucette replaces Mr. Craig Jerabeck, who has stepped down after 14 years of service.
“This is very good news for our company and the Greater Rochester community,” said Jeb Tyler, who co-founded 5LINX in 2001, along with Mr. Jerabeck and Mr. Jason Guck.
“It is a brand new day for our company, and we expect to continue growing, continuing to expand internationally, and continuing to create new jobs in Rochester.”
Mr. Faucette is a 1991 graduate of Stanford University, and previously served as Chief of Staff for the City of Rochester under Mayor William Johnson. In that capacity as the third ranking official in city government, he was the youngest senior manager in