According to a SEC Press Release:
Litigation Release No. 25562 / October 18, 2022
Securities and Exchange Commission v. Brent David Willis, No. 1:22-cv-02744 (D. Colo. filed October 18, 2022)
The Securities and Exchange Commission announced today that it filed charges against Brent David Willis.
The former Chief Executive Officer (“CEO”) of NewAge, Inc. (formerly known as New Age Beverages Corporation), alleging that Willis engaged in a multi-year fraud by disseminating numerous false and misleading press releases and making false public statements concerning NewAge’s business dealings, and aided and abetted NewAge’s disclosure of material information in violation of Regulation FD.
The SEC’s complaint alleges that between 2017 and 2019, Willis, while CEO, both through his role in drafting and authorizing NewAge press releases and in statements he made in earnings calls, investor conferences, and in media interviews and appearances, made numerous false and misleading public statements concerned a wide range of matters material to NewAge’s business.
As alleged, these matters included NewAge’s alleged development of a portfolio of CBD-infused beverages and its purported deals with the U.S. military and several large domestic and international distributors and retailers.
According to the complaint, Willis orchestrated this multiyear fraud and disseminated the false and misleading public statements to create the
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Morinda Announces Highest Sales Day Of 2016
by Ted Nuyten • • 0 Comments
Morinda jumped into the Cyber Monday game for the first time in 2015, when the promotion brought in a sales day that was 300 percent higher than the highest previous sales day of the year and provided a huge boost to the income of the company’s distributors. This year, Morinda upped their Cyber Monday game with product releases, gift bundles, new packaging, charity initiatives and free shipping.
“Cyber Monday is the Black Friday of the internet,” Morinda’s VP of Sales and Marketing Shon Whitney recalls saying last year. “It was a huge opportunity for our Independent Product Consultants last year, and we wanted to make that opportunity even more accessible this year.”
What made Cyber Monday shopping so appealing to Morinda’s IPCs was their introduction of the “buy more, spend less, make more” program.
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Morinda Announces 2016 Holiday Charity Program
by Ted Nuyten • • 0 Comments
Morinda is a company dedicated to helping people. From products that maintain bodily health to programs that support financial freedom, Morinda is constantly striving to benefit the lives of others.
In the past, Morinda’s corporate offices have participated in multiple service projects to support their surrounding communities.
This holiday season, Morinda is extending the opportunity to help those in need to the public by offering exclusive charity items with 100 percent of the profits being donated to the American Red Cross Disaster Relief Fund.
“Here at Morinda, we’re extremely passionate about giving back,” said VP of Sales & Marketing Shon Whitney. “This year, we wanted to do more than participate in a corporate humanitarian project-we want to extend the opportunity to give back to others to our customers and IPCs.”
The charity items being offered are
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Morinda Launching Essential Oils Line
by Ted Nuyten • • 0 Comments
The introduction of essential oils sent the direct sales industry spinning. With every company jumping on the essential oils bandwagon, however, the excitement has waned and the industry has gone dull once more but not for long.
Morinda is combining the seed oil from the Tahitian Noni fruit with other essential oil must-haves to create an industry-changing line of essential blends that will hit the market this month.
While Morinda is not known as one of the big players in the essential oils game, they’ve historically been a provider of the Tahitian Noni Seed Oil for more than 19 years. This product has undergone several scientific studies that have found the oil to have remarkable transdermal delivery properties and deep moisturizing benefits.
“Noni seed oil is historically known to provide soothing and therapeutic benefits
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Morinda Wins 2 Stevie Awards
by Ted Nuyten • • 0 Comments
The American Business Awards announced the 2016 recipients of the prestigious Stevie Award.
Morinda is overjoyed to be the winner of two awards—one for the AGE Therapy Hand Wash and one for the motivational video “Morinda Life.”
The American Business Awards are the nation’s premier business awards program. For the 14th Annual American Business Awards this year, more than 3,400 nominations from organizations of all sizes and in virtually every industry were submitted for consideration in a wide range of categories.
“The judges were extremely impressed with the quality of entries we received this year. The competition was intense and every organization that has won should be proud,” said Michael Gallagher, president and founder of the Stevie Awards.
Morinda Life, an original documentary created to demonstrate how Morinda has changed the lives of individuals across the
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Morinda Revamps Bonus Program
by Ted Nuyten • • 0 Comments
According to a Morinda press release:
Morinda once again proves their dedication to improving the lives of others with recent updates to their Area Developer bonus program.
The updates give all IPCs the opportunity to earn upwards of $50,000 in bonuses in addition to life-long residual income.
Originally introduced in 2014, the Area Developer program was the company’s effort to reward Independent Product Consultants, or IPCs, who expanded word of the Morinda brand into highly untapped markets.
“The AD program has always been designed to reward IPCs for building leaders in new geographic areas and to help us methodically expand our customer base worldwide,”
said Shon Whitney, Morinda’s VP of Sales and Marketing.
To participate, IPCs must achieve certain qualifications by building incremental volume in specific geographical territories that span the globe. A full list of
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Greg Tedrow -Morinda (Tahitian Noni) Achieves $10 Million in Career Earnings
by Ted Nuyten • • 0 Comments
According to a Morinda press release:
“As Morinda enters what they are calling the ‘Second Era of Growth,’ their Independent Product Consultants are seeing the benefits firsthand. Just take a look at Greg Tedrow, Morinda’s newest “Ten Million Dollar Club” member.
Arizona-born Tedrow fell in love with direct sales early in life. A relative introduced him to Morinda almost 18 years ago, when Tedrow immediately signed up to work a few of the then-new Asian markets.
“The story of Tahitian Noni is powerful and compelling,” Tedrow said of his success.
“If you can encourage someone new to try noni consistently for 2 to 3 weeks, the vast majority of people will personally experience the benefits and become long time, loyal enthusiasts.”
Tedrow is an example of how pairing hard work with powerful products can reap immeasurable
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American Economic Institute Awards Morinda With Economic Leadership Award
by Ted Nuyten • • 0 Comments
Morinda has been awarded the 2015 Economic Leadership Award by the American Economic Institute.
Each year the Institute conducts business surveys and industry research to identify companies that have achieved measurable success in their local business environment and industry category.
They are recognized as having enhanced the commitment and contribution of businesses through service to their customers and community.
“Morinda has consistently demonstrated a high regard for upholding business ethics and company values,” a representative from the Institute stated. “This recognition marks a significant achievement as an emerging leader within various competitors and is setting benchmarks that the industry should follow.”
As Morinda is gearing up to celebrate its 20th year anniversary, representatives of the company think that this award couldn’t be more appropriate.
“Morinda is heading into its Second Era of Growth,” said Shon Whitney,
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Morinda Joins Top Researchers With Breakthrough Discovery
by Tina Williams • • 0 Comments
Known for its scientifically groundbreaking research and age-fighting products, Morinda was invited to speak to researchers around the world about the incredible results that its product trials have rendered.
Morinda’s Sr. Director of Research & Development Brett West gave two presentations at the 12th International Symposium on the Maillard Reaction, an event title-sponsored by Morinda where numerous scientists, professors and researchers presented new information relevant to the Maillard Reaction.
The Maillard Reaction is the chemical reaction between amino acids and reduced sugars that gives browned foods their flavor. The delicious and seemingly harmless Maillard Reaction is a step in the formation of advanced glycation end-products, or AGEs—the harmful compounds that contribute to the deterioration of the body.
Morinda’s TruAge Core products were developed to specifically reduce existing AGEs in the body and prevent their formation in
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Morinda Truage Operation System Boosting Sales
by Ted Nuyten • • 0 Comments
With the recent introduction of their TruAge Operating System, Morinda’s Independent Product Consultants-or IPCs-are finding that it’s never been easier to turn a little preparation into a lot of success.
The simple and effective TruAge Operating System was built around the scientifically groundbreaking TruAge Scanner and has quickly become the premier business building tool in the industry.
The concept of the TruAge Core Operating System was introduced at Morinda’s North American Business Summit, held in Snowbird, Utah, in July of this year. Strategically, the system was developed to find new people, make more sales and more effectively manage leads.
“Just like the operating system on a computer brings the computer to life, the TruAge Operating System brings your [Morinda] business to life,” said Jeff Johnson, Managing Director of Marketing.
The Operating System involves a revolutionary