Youngevity International, Inc. and its subsidiary Khrysos Industries, Inc today announced that the Circuit Court of the Ninth Judicial Circuit in and for Orange County, Florida, has issued an order against former Khrysos President Dwayne Dundore.
Granting Youngevity’s Motion for Summary Judgement on Counts III (Fraudulent Inducement) and IV (Breach Of Employment Agreement), awarding Youngevity $20,915,507 in damages.
A complete copy of the Order may be viewed by clicking here> in Case No.:2021-CA-002217-0 BUSINESS COURT.
No assurance is given that Youngevity will be able to collect on this award.
About Youngevity International, Inc
Youngevity International, Inc. is a multi-channel lifestyle company operating in three distinct business segments including a commercial coffee enterprise, a commercial hemp enterprise, and a direct marketing enterprise. The Company features a multi country selling network and has assembled a virtual main street of products and services under one corporate entity.
The Company offers products from the six top selling retail categories: health/nutrition, home/family, food/beverage (including coffee), spa/beauty, apparel/jewelry, as well as innovative services.
The post Former Khrysos President Dwayne Dundore Orded To Pay $20 Million To Youngevity appeared first on Direct Selling Facts, Figures and News.
Tag Archive for MLM Lawsuits
Hot Business News Today
SEC Charges Eleven Individuals In $300 Million Forsage Crypto Pyramid Scheme
by Team Business For Home • • 0 Comments
7 USA Promoters involved:
Mark F. Hamlin, of Henrico, Va. for receiving $565,828
Alisha R. Shepperd, of Dunedin, Fla. for receiving $549,075
Carlos L. Martinez, of Chicago, Ill. for receiving $462,925
Cheri Beth Bowen, of Pelahatchie, Miss. for receiving $303,000
Ronald R. Deering, of Coeur d’ Alene, Idaho for receiving $267,075
Sarah L. Theissen, of Hartford, Wis. for receiving $130,118
Samuel D. Ellis, of Louisville, Ky. for receiving $72,405
MLM Blacklist members Faith Sloan, Vitaly Dubinin and Ankur Agarwal are not charged, all-though deep involved.
The SEC press release:
Washington D.C., Aug. 1, 2022 — The Securities and Exchange Commission today charged 11 individuals for their roles in creating and promoting Forsage, a fraudulent crypto pyramid and Ponzi scheme that raised more than $300 million from millions of retail investors worldwide, including in the United States.
Those charged include the four founders of Forsage, who were last known to be living in Russia, the Republic of Georgia, and Indonesia, as well as three U.S.-based promoters engaged by the founders to endorse Forsage on its website and social media platforms, and several members of the so-called Crypto Crusaders—the largest promotional group for the scheme that operated in the United States from at least five different states.
According to the SEC’s complaint, in January
Hot Business News Today
DreamTrips International Launches, Sells Out Pre-Launch Adventures
by Team Business For Home • • 0 Comments
On July 29, 2022, DreamTrips International officially launched its travel lifestyle membership club with four, brand-new, exclusive membership levels that boast benefits unseen elsewhere in the direct selling industry; as well as three, distinct opportunity packages for Travel Ambassadors eager to make travel their business.
DreamTrips International went live with dozens of highly personalized and curated, international and domestic US DreamTrips set to capitalize on today’s global travel demand and industry momentum. Members can immediately access DTI’s exclusive, customized portfolio of tested DreamTrips, approved by more than a million travelers to 70+ countries since the product’s inception.
“We are truly a traveler’s club. We are built for someone who truly wants to travel and have fun and create memories,”
DreamTrips International CEO Mark Smith says.
And consumers are responding. Bookings for Dublin, Rome, Athens, Prague, Vegas and even Disney are underway now with dozens more slated for the coming weeks. During pre-launch over the past few months alone, DreamTrips International has sold out DreamTrips to Thailand, Dominican Republic (twice), Santorini and 3 trips to Dubai, to name a few.
The DreamTrips International mission is to inspire the world to create memorable experiences with family and friends through travel. And to get more people out
Hot Business News Today
MLM Blacklist – Tanya Jennings Cash FX – Cease and Desist?
by Team Business For Home • • 0 Comments
Business For Home received a cease and desist letter from Tanya Jennings an australian citizen and promoter for Cash FX, a Ponzi scheme established in Panama, South America.
As a mature internet marketer she should know she is involved in a Ponzi. For that reason she was placed on our infamous MLM Blacklist.
For an analysis of the Ponzi payments and Tanya’s involvement please see this Facebook group.
As an ASIC alert, Australia’s corporate, markets and financial services regulator.
As YouTuber Spencer Cornelia coverage (211,000 views):
The letter Tanya Jennings send on 8 July 2022:
———————-
“Attention Mr Nuyten,
It has come to our attention that businessforhome.org has made false comments regarding Tanya Jennings, listing her on the MLM Blacklist – businessforhome.org/mlm-blacklist
Tanya is an affiliate marketer for various software and has her own course helping hundreds of people earn online and grow their businesses organically. Visit ueconomylab.com/about-us
Cash FX is only the second MLM Tanya has ever been involved with in her decade online and is no longer actively promoting the program. Regardless Cash FX group is a decentralised program there is no evidence stating it is a “ponzi”.
Your statement is false and are a serious defamation to Tanya Jennings, causing personal injury. They are in contravention of the defamation legislation in
Hot Business News Today
La Colombiana María Alejandra, De ByDzyne, Alcanza Presidente 1-estrella
by Nicole Dunkley • • 0 Comments
La producción de estrellas de primera línea se está convirtiendo en un sinónimo de la región latinoamericana, ya que ByDzyne da la bienvenida a su centro de liderazgo a otro presidente 1-estrella, la empresaria colombiana María Alejandra.
* Un Presidente genera más de 200.000 dólares en facturación durante un periodo de medio mes.
María, una empresaria de 31 años con amplia experiencia como abogada en derecho mercantil, compitió entre miles de personas por un valioso puesto en el gobierno colombiano y finalmente consiguió un puesto.
Aunque su carrera estaba teóricamente hecha a partir de ese momento, la idea de ser una esclava del reloj y tener un tiempo de vacaciones limitado simplemente la aterrorizaba.
Sabía que necesitaba un nuevo plan de juego. Sabía que había algo mejor ahí fuera. Sabía que su vida podía ser diferente. Y entonces, un afortunado día, lo fue.
“Mi vida se ha transformado completamente desde que empecé en ByDzyne. Ha sido un nuevo nivel de aprendizaje, un cambio de mentalidad, una verdadera orientación por parte de los mentores, y he conocido a gente maravillosa cada día.
Me siento muy honrada y agradecida por todo lo que esta empresa ha aportado a mi crecimiento personal, familiar y financiero”,
expresó una agradecida
Hot Business News Today
Hyperfund – Hyperverse Collapse, Kalpesh Patel Exit The Ponzi
by Team Business For Home • • 0 Comments
Hyperfund, Hyperverse, Hypertech, Hyperone, and HyperNation, all rebrands in the past months of a very large Ponzi scheme.
A Ponzi scheme is a fraudulent investing scam which generates returns for earlier investors with money taken from later investors.
Kalpesh Patel was a (very) early investor and top Hyperfund promoter who made an estimated $4+ million per month.
He stated a typical “sorry for your loss “excuses on his exit in a followers group:
“I can not stand in integrity and keep showing up and mis leading the community on hot air where the founders themselves can not be bothered to show up for us since December.
Total disrespect. I know my correct decision will affect many of you adversely…
Please forgive me for the impact of my personal decision on your lives.
This place I find myself in is such a shame, if a day appears in the coming days where corporate do the right thing the I’ll be happy for you all and my prayers would have been answered, but I can not continue on this path any longer.
I’ll find another home, I’m sure. Ive loved the 1st 18 months and those are the memories I’ll travel forward with”
So the good news is that Kalpesh
Hot Business News Today
Trump Family Accused Of Fraudulent Scheme In ACN Class Action Lawsuit
by Ted Nuyten • • 0 Comments
Four anonymous individuals filed a class action lawsuit in the Southern District of New York on Monday. The plaintiffs are accusing the president, Donald Jr, Eric, and Ivanka Trump of conning the victims into giving up hundreds of thousands of dollars. They say the losses were devastating and life-altering in 164-page filing.
Trump ‘falsely represented that he genuinely supported ACN and failed to disclose that he was being paid lavishly for his endorsement,’ the suit states
The president even featured the company on Celebrity Apprentice twice.
Four anonymous individuals have filed a class action lawsuit accusing President Trump and his children Donald Jr, Eric, and Ivanka of ‘deliberately defrauding’ them by falsely representing a multilevel marketing firm, DailyMail.com can reveal.
In a 164-page complaint filed in a U.S. District Court in New York on Monday, the group claims the Trumps ‘made millions’ by endorsing the training programs of North Carolina company ACN Inc., which in turn, conned victims out of ‘hundreds or thousands of dollars.’
The plaintiffs allege that from 2005 to 2015, the president ‘falsely represented that he genuinely supported ACN and failed to disclose that he was being paid lavishly for his endorsement of the company.’
In addition, the suit claims Trump falsely stated that his
Hot Business News Today
Amway USA 15% Retail Sales Not Compliant With The FTC Business Guidance For MLM?
by Ted Nuyten • • 0 Comments
The FTC consider any USA company with a network marketing compensation plan and retail sales below 51% as a Pyramid Scheme and regular attack smaller companies who are not compliant with the FTC Business Guidance For MLM.
In 2012 a Wall Street Journal reporter asked Doug DeVos and Steve Van Andel, in an interview:
What percentage of the products that Amway sells to the distributors, are resold to end-user customers who are not also distributors?
The Amway co-CEO’s told the Wall Street Journal that 50% of the sales that are made to distributors are resold to actual retail customers. The other half is not resold by the salespeople to anyone.
That seems to be not true, at least not for the USA…
Amway nowadays release the retail numbers at their achievers conference every year and have not gotten over 15% in the USA market.
Average is around 12-13% and Amway tries to improve those retail figures. International retail sales might be higher.
I am not after Amway, I am not trying to poke a bear, however as an international Direct Sales reporter in my opinion it’s a strange situation the FTC goes after smaller MLM companies and let a Network Marketing giant get away with minor retail sales for the past 25+ years.
Its measuring
Hot Business News Today
Rosy Rivera Achieves Diamond Rank With Vida Divina
by Ted Nuyten • • 0 Comments
Vida Divina, a global direct marketer of nutritional and healthy lifestyle products, announced today that Rosy Rivera has obtained the rank of Diamond.
Working with Vida Divina from the very beginning of the company in 2016, Rosy Rivera has reached Diamond rank in what anybody would deem as an example on how to make the best out of a chance. Rosy lives and works in Puerto Rico, just 20 minutes away from San Juan, and in the comfort of her home Rosy gladly reveals, during a phone interview, in the last month she registered earnings in the 5 high figure mark.
“That includes only the profits from networking, but not from the direct sales of products, so I assume the check is a little ‘bigger’”,
says Rosy, with a smile on her face.
That’s really amazing considering her background. Some years ago, Rosy Rivera had no choice but to live on a welfare house with her two daughters. “Now I have four properties in Puerto Rico that I rent to the government. So, it’s kind of a funny situation. You know, going from being dependent to becoming more than independent,” she says.
For Rosy, life has been hard, and she has no problems in
Hot Business News Today
Vietnam Penalizes Oriflame, Unicity and Greenlife For MLM Violations
by Ted Nuyten • • 0 Comments
The Ministry of Industry and Trade’s Vietnam Competition Agency (VCA) has just announced the decision to fine three multi-level companies, including Greenlife Corporation, Stella Ivy Cosmetic Co., Ltd. (Oriflame), and Unicity Marketing Vietnam Co., Ltd.
Specifically, Greenlife Corporation (Pho Yen town, Thai Nguyen province) will be fined VND510 million ($22,600) for conducting multi-level sales activities without the approval of the Thai Nguyen Department of Industry and Trade. Additionally, the company’s amended business registration certificate did not include some of the company’s activities among the fields of operation.
VCA has decided to revoke the business registration certificate of Greenlife Corporation.
Greenlife also failed to properly and completely fulfil its training obligation for multi-level sales participants and did not grant multi-level sales network member cards to participants.
The company also failed to periodically report to competent state agencies and provided wrong or misleading information about the use of its goods to entice sales people to joint its multi-level sales network.
As a result, VCA has decided to revoke the business registration certificate of Greenlife Corporation. Previously, this company has been infamous because its members had led students to mortgage facilitates for usury loans, then poured the money into the multi-level company to become distributors.
VCA decided to issue