Monthly Archives: August 2015

Entrepreneurs can derive great insight and benefit from Scrum and Lean Startup but neither should be accepted as infallible doctrine.

LifeVantage Continues Executive Overhaul with New CFO

by mallen@directsellingnews.com • August 26, 2015 • 0 Comments

LifeVantage has announced another appointment to its executive team, under the leadership of CEO Darren Jensen, who joined the company in April.

FTC: Vemma Temporarily Shut Down For Running Pyramid Scheme

by Tina Williams • August 26, 2015 • 0 Comments

AP Reports: The Federal Trade Commission said Wednesday that Vemma Nutrition has been temporarily shut down for operating a pyramid scheme that promised college students riches if they sold its nutritional drinks, but most ended up losing money.
The consumer protection agency said that Vemma told recruits that they could make as much as $50,000 per week selling its nutritional beverage Vemma, energy drink Verge or protein shake Bod-e. An initial investment of $600 was paid for products and business tools and $150 in Vemma products had to be bought each month to receive bonuses. The FTC said Vemma provided little help on how to sell its products and instead rewarded them for recruiting more people.
Vemma earned $200 million a year in 2013 and 2014, according to the FTC.
A representative from Vemma, which is based in

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Could Herbalife Be Next? ValueWalk Speculates

by Tina Williams • August 26, 2015 • 0 Comments

ValueWalk reports: Herbalife Ltd. (NYSE:HLF) is one of Wall Street’s favorite controversies, and now it seems like there could be another problem on the company’s plate. Although it isn’t directly impacting Herbalife right now, it could at some point in the future, as the company has admitted to being under investigation by the Federal Trade Commission.
FTC moves against Vemma Nutrition
The FTC is now seeking an injunction against Vemma Nutrition, another multi-level marketing company which sells some products that are similar to those sold by Herbalife. Unfortunately for Herbalife, its business practices (some past and some present) seem to be in some ways similar to Vemma’s practices. ValueWalk contacted a pyramid scheme expert who found three areas of concern for Herbalife in the case filed against Vemma.

Court documents reviewed by ValueWalk (Hat tip to Quoth the Raven)

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Healthy Headie Lifestyle Cannabis Direct Sales Launches

by Ramya Chandrasekaran • August 26, 2015 • 0 Comments

Excerpted from an article in the International Business Times about the growth of the marijuana start-up scene in the USA.
Holly Alberti-Evans considers herself among Colorado’s marijuana business success stories. Healthy Headie Lifestyle, the in-home direct sales company for cannabis products she founded with her husband, Steve Evans, is growing, with a busy office in Boulder and an expanding team of independent distributors who demonstrate vaporizers to those Alberti-Evans calls the “canna-curious” in the privacy of their homes. (Hosts provide their own marijuana if they want to take the devices for a full test drive.) What’s more, Alberti-Evans is constantly fielding calls from those wanting to invest in the enterprise.

“We have had an overwhelming response,” says Alberti-Evans. “There is absolute excitement around our business model and everyone wants to participate.”

Rewind to two months ago,