New York Times reporter Joe Nocera published the next story under the title “The Pyramid Scheme Problem”:
“I have nothing for you,” said Frank Dorman, a spokesman for the Federal Trade Commission. “Lots of reporters have asked that question. Our final response is, We’re not going to answer it.”
What had I asked that was so sensitive that the F.T.C. wouldn’t respond? I had requested that the agency explain what distinguished an illegal “pyramid scheme” from a legal multilevel marketing company.
What had prompted my question were two recent events. In late August, the F.T.C. had gotten an injunction issued against a multilevel marketing company called Vemma Nutrition, claiming it was in fact a pyramid scheme.
And last week, Fortune magazine published a lengthy story by Roger Parloff about William Ackman’s nearly three-year battle to force
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Vemma Top Earners Might Face Clawbacks
by Ted Nuyten • • 0 Comments
According to an article in the New York Post, Vemma top distributors might face threads of claw backs if the FTC wins the case.
The New York Post:
“A former top distributor for Vemma may have to fork over millions of dollars in earnings after regulators accused the energy drink maker of running a pyramid scheme that preyed on college students, legal experts told The Post.
Anthony Powell, a top distributor who left Vemma two months ago, was singled out in a report filed last week detailing the alleged scheme. He was a major player in the multilevel marketing company, which the Federal Trade Commission temporarily halted late last month pending the outcome of a Sept. 15 court hearing.
The report, from the temporary receiver appointed to oversee the company, found that 42 percent of the
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Top Earner Robert Hollis Joins Modere
by Ted Nuyten • • 0 Comments
Robert Hollis has built up a team of over 500,000 Affiliates in his career and went over $29+ Million in Direct Selling Life Time Earnings.
Struggling to support his family as a car mechanic in North Dakota, Robert’s life changed for the better after being exposed to the network marketing industry 26 years ago
Today he announced to join Modere a company from Springville, Utah, USA that is the transformation of Neways, a $300 million per year direct selling company based network marketing company.
Modere is run by CEO Robert Conley, who has had an exemplary 20+ year career in direct sales with extensive experience as one of the early pioneers of Asian markets for 16 years with one of today’s billion dollar company’s. Robert has teamed with Justin Serra, GM of North America
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Nu Skin Appoints Ryan Napierski As President Of Global Sales
by Ted Nuyten • • 0 Comments
Nu Skin Enterprises, Inc. (NYSE: NUS) today announced the appointment of Ryan Napierski as president of global sales and operations.
Napierski, a 20-year Nu Skin veteran, succeeds Dan Chard in the position, who is departing to pursue other business interests.
“With every promotion or new assignment over the years, Ryan has proven himself an able leader and has met each new challenge with excellence,” said Truman Hunt, president and chief executive officer. “I have every confidence that Ryan has the right experience and expertise to lead Nu Skin’s global sales organization.
While we are pleased to welcome Ryan back to our U.S. headquarters, I want to acknowledge Dan’s significant contributions to our company. On behalf of everyone at Nu Skin, we thank Dan for his years of service and wish him all the
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ViSalus Millionaire Couple Heard ‘Round the World’
by Ted Nuyten • • 0 Comments
Sylvain Laplante was a financial planner for a major corporation in Canada for 26 years with a prior background in network marketing.
Although he was successful and earned a six-figure income, what Sylvain lacked was the luxury of time—to fulfill personal goals and make memories with friends and family. Work and other professional commitments persistently pulled Sylvain in different directions, leaving he and Lori Parent feeling drained and dissatisfied.
“I have always been a high achiever,” says Sylvain. “But eventually my work consumed all my time. I felt as though I was missing out on my own life.”
Meeting Vi Millionaire and Royal Ambassador Lori Petrilli in 2011 was a pivotal moment for Sylvain. Inspired by the Vi mission to transform Life, Health and Prosperity across the globe, Sylvain left the financial industry to
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Is Your Company FTC Bullet Proof?
by Ted Nuyten • • 0 Comments
They come in without a warning. Monday your company is in business and by Tuesday morning the FTC (Federal Trade Commission, an US based organization) seizes the company assets and closes down the business while sending an email out to your wordwide customer database with one push of a button;
“After the Federal Trade Commission filed a complaint against the company, the U.S. District Court issued a Temporary Restaining Order, a temporary receiver (a court appointed lawyer) will takes over control.”
– It’s a head-shot wound — maybe fatal, maybe the accused will survive, crippled at least..
Why? Because your company is in the Direct Selling Industry and therefore gets special attention by many regulators worldwide. One of the challenges in the Network Marketing / Multi Level Marketing industry is the Retail Sales versus Distributor Sales, internal consumption, what
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Organo Gold Opens in Romania – Eastern Europe
by Ted Nuyten • • 0 Comments
Organo Gold, the gourmet coffee company that caters to consumer‘s active lifestyles, today announced that it will open operations in Romania effective September 7, 2015. Monica Nagy, Regional Manager for Eastern Europe, will manage the Company’s activities in the country.
“ORGANO continues to strengthen its European presence with the opening of Romania,” stated Bernardo Chua, Founder and Chief Executive Officer of Organo Gold. “Continuing our Global Footprint Initiative, Romania unifies the Company’s European and CIS operations, allowing us to better serve our Distributors and customers in this strategic region.”
“Romania has tremendous business potential for ORGANO,” added Co-Founder and Global Master Distributor Shane Morand.”Romania, one of the largest countries in the European Union, has a distinct culture and rich history that distinguishes it from its geographic neighbors. The Country’s educated workforce is demanding more
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Ambit Energy Convention Draws 9,000+ attendees
by Ted Nuyten • • 0 Comments
It was the 9th National Convention with Ambit Energy in Dallas, Texas, USA. The company provides electricity and natural gas services in deregulated markets across the United States, primarily marketed through a direct sales channel of more than 250,000 Independent Consultants. Revenue topped $1 billion.
Steve Thompson, one of Ambit Energy top earners stated:
The company announced the next National Event as a Simulcast on January 30, 2016 when the next round of announcements will come. In October, the company will celebrate 9 years with Ambit Energy.
2015 Ambition, the Ambit Energy National Convention, was a huge and exciting event, with 9,000+ attendees. Three days of training, recognition and announcements set the pace for another record year to come.
According to the company special highlights are:
Solar Energy System Sales in MA, NY, NJ and CA beginning September
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Mannatech Promotes Corporate Executives
by Ted Nuyten • • 0 Comments
Mannatech, Incorporated, the pioneer of nutritional glycobiology and the global innovator of naturally sourced supplements based on Real Food Technology® solutions, today announced a series of executive promotions designed to fuel the company’s continued global expansion and commitment to providing world-class support to its independent sales Associates and customers.
Under the leadership of new CEO and President, Al Bala, Joel Bikman has been promoted to the position of Senior Vice President of Sales and Marketing and Landen Fredrick has been promoted to the position of Senior Vice President of Supply Chain and IT. Additionally, Chris Simons, Regional President, will add North America to his areas of responsibility.
These promotions are a result of the company strengthening major elements of its external and internal business functions by leveraging the skills and talents of its senior
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Direct Selling Edge Conference Will be held 5 – 6 October
by Ted Nuyten • • 0 Comments
Held since 2011, the Direct Selling Edge Conference has become the best and most informative two-day school for new and young network marketing and party plan companies.
MLM attorney Kevin Thompson and compensation plan consultant Jay Leisner invite owners and employees of network marketing and party plan companies to attend their two-day direct selling school for direct selling companies, the Direct Selling Edge Conference, in Fort Worth, Texas on October 5 and 6, 2015.
MLM lawyer Kevin Thompson of ThompsonBurton and MLM compensation plan consultant Jay Leisner of Sylvina Consulting have teamed together to organize and host their 12th educational event led by the foremost experts in their respective fields.
For those who are starting or even just thinking about starting a direct selling company, this is the place to go for pure education