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Hot Business News Today

HyperFund Co-Founder Sam Lee Arrested In Dubai For $1.8 Billion Fraud

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Sam Lee AKA (Xue Samuel Lee) is an Australian citizen and co-founded Hyperfund / Hypertech / HyperCapital/ HyperNation (HyperFund) with Ryan Xu (aka Zijing Xu).
Lee claimed to be involved in “Large Scale Crypto Mining,” including bitcoin, that promoters asserted was a key revenue source for HyperFund.
HyperFund operated a purportedly legitimate decentralized finance, or “DeFi,” cryptocurrency investment platform and touted its investment program to the public through social media and other means.

In truth, HyperFund was a global securities fraud and wire fraud scheme that obtained approximately $1.89 billion from victim-investors world-wide.

The US attorney for the district of Maryland, Erek L Barron went after Sam Lee, and said the Department of Justice would:

“hold perpetrators accountable for these and other fraud schemes”, with Lee facing up to five years in jail if convicted.

“The level of alleged fraud here is staggering,” Barron said.
The criminal complaint lodged in the district court of Maryland charges Lee with conspiracy to commit securities and wire fraud, while a separate civil complaint brought by the US Securities Exchange Commission charges Lee with fraud and with the unregistered sale of securities in breach of the US Securities Act.
Likely as a result of an Interpol Red Notice, the UAE authorities arrested Sam Lee in

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Hot Business News Today

QNET Product User Sets World Record: 51-Year-Old Achieves 20 Consecutive Back Handsprings

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QNET, a global wellness and lifestyle company, proudly celebrates the remarkable achievement of Anup Debnath, a 51-year-old fitness enthusiast, ardent user of QNET products, and resident of New Jersey, USA, who recently attempted to set a Guinness World Record as the oldest person to perform continuous back handsprings.
Debnath’s feat underscores the power of balanced health and wellness to maintain peak physical performance at any stage of life.
On October 19th, at the Marlboro Township Recreation Center, Debnath completed 20 continuous back handsprings, a remarkable testament to his strength, stamina, and unwavering discipline.
His journey back into gymnastics after nearly 27 years highlights the potential of a balanced lifestyle supported by QNET’s wellness products, demonstrating that age is no barrier to achieving extraordinary physical goals.
“To accomplish something like this at my age takes intense dedication, a consistent fitness regimen, and harmony of mind, body, and spirit,”
Debnath shared.
“For the past two years, I’ve relied on the Amezcua Chi Pendant 4 with Amezcua Resonance Technology (ART) to keep me centered and energized.
Paired with other Amezcua products, like the Bio Disc 3, which energizes my food and structures the water I consume, giving me mental and physical balance, and the Bio Light

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Hot Business News Today

BE Cares: Making A Difference In Tanzania

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BE continues to demonstrate its unwavering commitment to social responsibility through its flagship initiative, BE Cares. With a mission to provide 10 million meals around the globe by 2035, BE Cares embodies the company’s dedication to creating positive, lasting change in communities that need it most.
A Mission of Generosity and Support
The latest BE Cares outreach took place in Zanzibar, where BE, supported by over 60 passionate BE affiliates, brought hope and joy to a local school community. This initiative was part of BE’s continuous effort to make a meaningful impact, not just through business but through acts of service and kindness.

Driven by the core belief that every child deserves the opportunity to learn and grow in an environment that supports them, BE Cares delivered 500 nourishing meals to students, teachers, and neighboring locals.
Alongside the meals, the initiative provided essential school supplies, including notebooks, pens, and backpacks, as well as toys, snacks, sports tracksuits, shoes, and clothing for the children.

BE Cares also pledged to support the school’s upcoming graduation ceremony, an important milestone for the students and their families. Scheduled for November 28, BE is sponsoring all aspects of the event, including graduation gowns, crowns, certificates, tents, a stage, tables,

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Hot Business News Today

Top Direct Selling CEO 2024 – Poll

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Business For Home is compiling the Top Direct Selling CEO In The World Poll for 2024.
A Chief Executive Officer (CEO) is the highest-ranking corporate officer (executive) or in charge of total management of an organization.  The Chief Executive Officer (CEO) is the highest-ranking executive in a company or organization, responsible for the overall strategic direction, decision-making, and performance of the business.

In short, the CEO plays a central role in shaping the company’s vision, ensuring its financial success, managing relationships with key stakeholders, and setting the tone for the company culture and its overall direction.

We have nominated the Top CEO’s or Co-CEO’s in cooperation with numerous Direct Selling Professionals. If we have missed your awesome CEO or for questions, please email our Support Desk.
According to industry experts:
“The CEO and/or owner is the most important factor in any business. If you have a good one with a good mind and good heart, that will solve almost any problem.
A good leader will always find a way to create a great opportunity for you. If you have a bad leader, it doesn’t matter how good the product or compensation plan is, they will find a way to mess it up“

If we have missed your company, please

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Hot Business News Today

NU Skin Q3 Revenue Down 13.8% To $430 Million

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Nu Skin Enterprises Inc. (NYSE: NUS) announced third quarter results.
Business For Home comment:

Nu Skin lost almost $1 Billion in revenue from 2018 ($2,680 Million) to 2024  ($1,730 Million forecast).
Nu Skin lost 400,000+ customers from 2018 (1,244,000) to 2024 (831,768)
Nu Skin lost almost 50% of it sales leaders from 2018 (73,400) to 2024 (38,284)

Nu Skin press release:
Executive Summary Q3 2024 vs. Prior-year Quarter

Revenue $430.1 million; (13.8)%
Earnings Per Share (EPS) $0.17 compared to $(0.74) or $0.56 excluding an inventory write-off.
Customers 831,768; (15)%
Paid Affiliates; 149,264; (20)% or (11)% excluding an adjustment to eligibility requirements
Sales Leaders; 38,284; (19)%

“During the third quarter, we achieved results within our previous guidance range with challenges in the core business partially offset by continued strong growth in our Rhyz segment,”

said Ryan Napierski, Nu Skin president and CEO.

“While we continue to face macroeconomic pressures and challenges within the direct selling industry, our immediate focus is to strengthen the Nu Skin core with a revised business model intended to improve channel activation and customer growth beginning with North America and South Korea this quarter.
In addition, we are introducing a streamlined operating framework to improve profitability with an adjusted pricing model to improve customer penetration in developing markets starting with

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Hot Business News Today

BE Tanzania Adventure Leadership Retreat Welcomes Over 120 Affiliates for a Transformative Experience

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BE once again delivered an exceptional experience for its top leaders, hosting over 120 BE affiliates from across the globe for an unforgettable six-day leadership retreat in Tanzania.
This unique journey offered affiliates the best of both worlds—the thrill of an African wildlife safari and the serenity of Zanzibar’s pristine beaches—giving participants a true “two retreats in one” experience.
Affiliates were treated to the luxury of one of Zanzibar’s top five-star resorts, nestled along three kilometers of breathtaking beachfront. With all-inclusive amenities and lush surroundings, the resort provided the perfect setting for relaxation and connection. Guests enjoyed world-class service and endless comforts as they settled in for the days ahead.
The event began with an elegant all-white welcome party, where affiliates met and mingled, with warm greetings from BE’s founders, CEO Moyn Islam and CTO Ehsaan Islam. The following days featured a powerful mastermind training where Moyn shared BE’s vision for the future, and Ehsaan provided valuable product updates.
“It was incredible to witness the energy, passion, and unity of our BE affiliates during this retreat,” Ehsaan said. “Seeing everyone come together, learn, and share these moments is what makes our community so special.”

The experience included a wellness session led by a

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Hot Business News Today

Más de 120 afiliados asistieron al retiro de liderazgo y aventura de BE en Tanzania y vivieron una experiencia transformadora

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Una vez más, BE ofreció una experiencia excepcional a sus principales líderes, al recibir a más de 120 afiliados de todo el mundo en un inolvidable retiro de liderazgo de seis días en Tanzania.
Este exclusivo viaje ofreció a los afiliados lo mejor de dos mundos: la emoción de un safari por la fauna africana y la serenidad de las playas vírgenes de Zanzíbar.
Los afiliados disfrutaron del lujo de uno de los mejores resorts de cinco estrellas de Zanzíbar, rodeado de tres kilómetros de playa. Con instalaciones exclusivas y un entorno exuberante, el complejo ofreció el marco perfecto para la relajación y la conexión, un verdadero todo incluido. Los invitados disfrutaron de un servicio de primera clase y de un sinfín de comodidades al tiempo que se preparaban para los grandiosos días que les esperaban.
El evento comenzó con una elegante fiesta de bienvenida totalmente blanca, en la que los afiliados se conocieron y se relacionaron, acompañados de un afectuoso saludo de los fundadores de BE, el CEO Moyn Islam y el CTO Ehsaan Islam. Los días siguientes se llevó a cabo una intensa formación donde Moyn compartió la visión de BE para el futuro, y Ehsaan proporcionó valiosas actualizaciones de

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Nature’s Sunshine Reports Q3 2024 Results

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Nature’s Sunshine recently announced its Q3 financial results for 2024. Net sales for the quarter were up 3% to $114.6 million, and adjusted EBITDA was $10.7 million, a 5% increase from $10.3 million in the same period last year.
Gross profit margin during the Q3 was 71.3%, down from 73.1% in the Q3 of 2023. The company attributes this slight decline to inflation and an unfavorable foreign exchange that negatively impacted its savings initiatives.
Operating income during the quarter was $2.6 million, a significant improvement from a loss of $0.9 million in the same quarter of 2023.
“The third quarter delivered the highest sales volume this year, with $114.6 million in sales, up 4% versus prior year on a local currency basis,”
said Terrence Moorehead, Nature’s Sunshine CEO.
“The strong performance was driven by robust customer growth in Japan and Taiwan, continued progress in Korea, and strong execution and customer activation in Central Europe.
The positive momentum was somewhat offset by the macroeconomic headwinds in China.
We are excited about the actions we’ve taken to advance our strategic agenda and remain confident that our approach will allow us to attract and retain more customers, drive profitable growth, and build shareholder value.”
Guidance for full year

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MLM Industry Legend, Dave Lear Excited To Join QuiAri

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Industry experts agree that QuiAri’s massive global momentum, explosive, unstoppable growth, and overwhelming success have not followed the latest industry trends. At a time when companies are pulling back and cutting costs, QuiAri is charging forward at full speed.
Top MLM Leaders, like Dave Lear from Salisbury, Maryland, are no longer standing by and observing QuiAri’s success and instead taking action by joining. Dave has already achieved success as a QuiAri Promoter and is now setting the foundation to make QuiAri his MLM forever home. 
“I started my own Network Marketing company in 2015, but I’ve been part of this industry ever since I was 18 years old. Building a company from the ground up was not easy, and being passionate and working hard just isn’t enough.
Without an experienced Executive Team, an abundance of resources, and a simple, duplicatable system, you have very little chance at achieving sustainable growth. I’ve had my eye on QuiAri for a long time now. I’ve watched it grow from a start-up company to a global powerhouse.
I’ve watched other top industry leaders join and I’ve watched lives being changed through its breakthrough anti-aging Products and 5-Minute Pay. The time was right for me to

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iGenius Parent Company, Investview, Inc. Acquires Renu Laboratory Inc.

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Investview announced that it has recently completed the acquisition of Renu Laboratories, Inc., a manufacturer of proprietary and other health, beauty and wellness products (“Renu Labs”).
Investview CEO, Victor Oviedo said,
“This acquisition is an exciting milestone for our company’s strategic growth plans.
We expect that the combination of the Renu Labs business with our global network marketing model will enable us to expand and enhance our customer retention and increase the value of the Company’s iGenius global network to its affiliates and customers.”
iGenius, a company that offers financial education, research, opportunities, and tools that empower individuals to participate in the crypto, equity, and forex markets, is owned by a publicly traded company called Investview, Inc. 
Investview is a diversified financial technology company that is listed on the OTCQB with the symbol INVU. Through its subsidiaries and global distribution network, Investview delivers a suite of elite financial products and services in the form of financial education, blockchain technology, crypto mining products, and their brokerage trading platform.
Investview gives iGenius access to unique opportunities and requires total transparency. iGenius members love the translucency behind iGenius and Investview. It helps them feel more confident in the performance and trajectory of the company, knowing exactly what’s going

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