Tag Archive for JR Ridinger

JR Ridinger – Market America CEO Died Age 63

JR Ridinger was the CEO of Market America. An official announcement is not available yet.
According to a short announcement on social media:
“It is with deep sadness that we announce the passing of our loved one, leader JR Ridinger. He died suddenly today August 30th 2022.
We appreciate your patience while this tragedy unfolds and know you will continue to carry on his legacy through service as he would have wanted. He died at the age of 63.”
About Market America:
Market America Worldwide | SHOP.COM is an award-winning global e-commerce and digital marketing company that specializes in one-to-one marketing and is the creator of the Shopping Annuity®. Its mission is to provide a robust business system for entrepreneurs while providing consumers with a better way to shop.
Headquartered in Greensboro, N.C., and with offices across the globe, Market America Worldwide was founded in 1992 by Founder, Chairman & CEO of Market America Worldwide | SHOP.COM JR Ridinger. Through the company’s primary, award-winning shopping website, SHOP.COM, consumers have access to millions of products, including Market America Worldwide exclusive brands and thousands of top retail brands.
SHOP.COM ranks 19th in Newsweek magazine’s 2021 Best Online Shops, No. 55 in DC 360’s 2021 Top 100 Online Marketplaces, No.

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Market America Sued For Fraud And Pyramid Allegations

According to an article in Court House news:
Two distributors for Market America claim the company’s $7.3 billion valuation comes from millions of people who have lost money after enrolling in the pyramid scheme, including Chinese-Americans whom the company targets to sell products to relatives in Asia.
Chaunjie Yang and Ollie Lan sued Market America and its founders James Howard Ridinger, Loren Ridinger, and president and COO Marc Ashley in a federal class action on Tuesday.
The racketeering lawsuit says that while the executives tell distributors they can earn more than $560,000, only those at the top make that kind of money.
Ninety percent of sellers do not receive a penny, according to the lawsuit.
“According to Market America, the only way to fail under Market America’s business model is to quit. Meanwhile, Market America and its confederate conspirators now assert a business valuation of $7.3 billion that they have made off the backs of millions of people in their pyramid,”
the class claims in the lawsuit.
Yang says he handed over $35,000 to Market America and eventually lost money in the venture. He says in the lawsuit that people enrolling in the scheme have to pay a $399 startup fee and $129 a month.
Market America

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