In August 2015 the Federal Trade Commission (FTC) – an USA Government institution – hit Vemma with full power, many agents entered the head office in Phoenix, Arizona on a monday morning. A raid.
Bank accounts and credit cards were seized, 150+ employees were fired within a couple of hours, and a receiver took over.
A $180 million company was ruined, Vemma’s world wide distribution channel burned to the ground.
It was a direct attack on the MLM – network marketing industry.
The allegations: illegal pyramid scheme, income claims, failure to disclose, means and instrumentalities, relief defendent.
The FTC was granted a court order, to freeze the company’s and CEO B.K. Boreyko’s assets, as well as a temporary restraining order.
“Defendants are running a global pyramid scheme that has likely victimized hundreds of thousands or millions
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How team bonding in the Christmas buildup can increase productivity
by Ben Lobel • • 0 Comments
British high streets are twinkling, signalling the start of the season of goodwill. The battle of the ads bounced onto our screens with John Lewis’ trampolining dog and woodland creatures and Aldi’s adorable carrot bizarrely climbing over Christmas dinner the night before. Chocolate is disappearing from advent calendars daily – unless you scoffed it all in
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Is local business performance related to Central London Tube lines?
by Owen Gough • • 0 Comments
The top-performing Tube lines in Zone 1 based on business turnover and growth have been identified by DueDil, a data intelligence company. The study reveals that companies on the Bakerloo line represent both the highest average annual turnover and average growth rate when compared to businesses adjacent to other lines. Every tube line achieved an
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UK finance teams spending almost a day a week on admin tasks
by Owen Gough • • 0 Comments
British finance departments are spending nearly one day a week on general admin tasks, putting a major drain on time and resource, according to new research from Concur. The survey also reveals that 65 per cent of respondents think there is a disconnect between where they spend their time and what they should be focussing on.
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Lessons learnt from New Balance’s political crisis
by Ben Lobel • • 0 Comments
In this SmallBusiness.co.uk monthly series ‘Lessons Learned’, Jennifer Janson, author of The Reputation Playbook and managing director of Six Degrees, will assess how a company recently in the news has handled a crisis, and provide top tips for small businesses to avoid making the same mistakes. Last month, we explored the crisis that shook the
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Small shops to benefit from £7.5 billion Christmas boost
by Owen Gough • • 0 Comments
Shoppers are set to spend an extra £7.5 billion in the UK’s small shops over the coming month, estimates AXA. With most shoppers saying stress is their overriding emotion during Christmas shopping, they are turning to small retailers for a more enjoyable experience. British households are set to spend an estimated £5.2 billion on presents
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Contractors shying away from taking sick days
by Ben Lobel • • 0 Comments
Some 53 per cent of contractors haven’t called in sick in the last two years, with 31 per cent of these having never called in sick, according to a study by Contracting Scout. While 13 per cent of contractors stop working when ill, 52 per cent continue working if they’re mildly unwell and 35 per cent
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Self-employed freelancers just want a hug for Christmas
by Owen Gough • • 0 Comments
Over half of self-employed freelancers have told ContractorCalculator that all they want for Christmas is a great big hug and to spend time with their family, reinforcing that the self-employed freelancers work tremendously hard for their clients – a fact backed up by the findings that 31 per cent of them will have less than
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Working parents call for more government and employer support
by Owen Gough • • 0 Comments
The low take-up of Shared Parental Leave (SPL) and the lack of affordable childcare options for parents with 0-2 year-olds are both major problems that need to be addressed to support working parents more effectively, according to a new report from the CIPD, the professional body for HR and people development. The survey of over
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Wor(l)d Global Network Websites Attacked By Cyber Criminals
by Ted Nuyten • • 0 Comments
According to a press release:
WOR(l)D Global Network has successfully defended the cyber-attack that hit the Company on December 7th, reopening our main websites and restoring the back office.
On December 7th, a cyber-command of professional hackers organized an attack on our server farm, targeting our firewalls with the intention of putting our servers out of service.
Our defenses promptly detected the offense and our engineers reacted quickly, taking back the control of the servers and the entire system in just a few minutes. However, more time has been necessary to recover and restore the server configurations to full service.
After the first analysis, we discovered there had been a brute force attack started a few days before, creating backbones, hidden viruses, and trojans which unlocked the firewalls and blocked the servers. As you can