James Merrill entered a not-guilty plea for the TelexFree Inc. co-owner Wednesday in federal court in Worcester, his lawyer said.
Merrill, of Ashland, was president of the Marlborough-based phone service company, which is accused of running a $1 billion global pyramid scheme. His business partner, Carlos Wanzeler, remains a fugitive in Brazil and did not appear in court to face the charges.
Both men have been charged with nine counts of wire fraud and conspiracy. Each charge carries a possible maximum sentence of 20 years, but actual sentences are generally less than the maximums, according to the US Attorney’s office.
TelexFree sought federal bankruptcy protection in April, just as state and US securities regulators were days from filing civil fraud charges against the principals. Wanzeler fled the country that month to his native Vitoria, Brazil, while Merrill was arrested and held in jail for several weeks.
Merrill will remain home, wearing a GPS tracking bracelet and on $900,000 bail, officials said.
Tag Archive for Info
Hot Business News Today
Dancing With The Stars Finalists, Ryan And Ashleigh Di Lello, Earn A Jeep Through Mynt
by Tina Williams • • 0 Comments
Ryan and Ashleigh Di Lello are Latin ballroom champions known for their guest performances on ABC’s Dancing with the Stars and for being the first married couple to be voted all the way to the finals of the hit FOX show So You Think You Can Dance.
So the question becomes: How do you parlay your dance skills into earning a Jeep through the 4×4 Program?
“We worked very hard to find good leaders to launch this business with. Then we focused on helping these leaders build their businesses by doing opportunity meetings and calls with new potential promoters,” Ryan says. “We taught them to do the same and organized meetings and charity events where our teams could invite new prospects.”
Fearless
Fear is rarely ever a productive emotion, and certainly not in business or in relationships. Ryan and Ashleigh both agree that they have taken a fearless approach to presenting the mynt opportunity. “We didn’t hold back when we thought of a new person to approach about this business.
We felt it was a disservice to them to not invite them to hear about such an incredible opportunity. We also make sure to always follow up. ‘The fortune is in the follow up,’ as they say.”
before
Hot Business News Today
Trévo Welcomes New Dubai Country Director
by Nicole Dunkley • • 0 Comments
Please join us in welcoming Senthil Kumaran to the Trévo global family. Senthil has recently joined our team as the new Dubai Country Director, and we believe his expertise, leadership and experience working in network marketing will be integral in taking Trévo Dubai to the NEXT Level of Success.
Senthil was born and raised in Bangalore, India. He came to Dubai in 1998 as a marketing manager for the Middle East countries where he was responsible for business development across 19 countries. He won three consecutive excellence awards from the government of Dubai, where he worked for 10 years. He has also acquired his Bachelor of Business Administration and Master in Business Management and Marketing in Dubai.
Senthil has trained over 10,000 professionals in his 26 years of experience in the corporate world.
One of Senthil’s many proud moments in his life so far was in 2011 when more than 10,000 networkers cheered for him when he took his parents on stage and received their blessings while being recognized as the first 10-star worldwide achiever, meaning he earned $50,000 USD in one week. “I thank God I still have both my parents,” he said. His younger brother and family work in the USA and he has two children.
Senthil
Hot Business News Today
Cutco Expands To Brick & Mortar
by Tina Williams • • 0 Comments
For decades, Cutco Cutlerysold knives to millions of Americans through a door-to-door business model, but in recent years, they’ve been expanding to brick-and-morter outlets in states across the country.
Last week, the first Texas store (and seventh nationwide) opened at 3201 Bee Caves Road.
The company chose to open a store in Central Texas because of the strong established customer base. (The company estimates that there are more than 100,000 Cutco customers in Austin.) The 1,000-square-foot store features stations where customers can try out the knives and other accessories and cutlery, and people who are already using the knives at home can bring them in to get sharpened at no cost.
In addition to kitchen tools, the store also sells garden tools, sporting knives and other products, including floor mats, candles and some food products.
About Cutco Cutlery Corporation and Vector Marketing
Cutco Cutlery is a 65-year-old company with headquarters and manufacturing facilities in Olean, New York. Vector Marketing is the company’s sales division, coordinating all sales for Cutco Cutlery through a national network of college students who sell products through in-home personal demonstrations. More than 15 million US households have a Cutco product.
Hot Business News Today
Claims Can Be Lodged For Banners Broker Loss
by Tina Williams • • 0 Comments
Those who put money in the collapsed Banners Broker investment scheme have been given the opportunity to stake a claim for their losses.
The joint liquidators of Banners Brokers International Ltd in the Isle of Man have also taken steps to inform investors about the ongoing investigation into the company’s affairs.
A website has been established where information documents can be downloaded and proofs of claim submitted.
These are to be supported with bank statements showing the initial investment and the pictures of the onscreen balance currently held in Banners Broker accounts.
The move comes three months after the joint liquidators, Paul Appleton and Miles Andrew Benham, were appointed following concerns about the conduct of the suspected pyramid scheme.
Immediately after the liquidation of the Isle of Man company, and the seizure of up to £6m (€7.5m) in assets, the Canadian-based owners of the operation claimed the bulk of their resources had already been moved to a sister company in Belize.
The cash in the bank in the Isle of Man was described as a rainy day fund which was not core to their business.
A statement on the advisory website said the joint liquidators were still investigating where the rest of the company’s money is held.
“The
Hot Business News Today
Uyen Nguyen And Tuan Huynh Are Seacret Direct’s Newest 250k Earners
by Tina Williams • • 0 Comments
Seacret Direct, a skin care company in Arizona, announced this week that Uyen Nguyen and Tuan Huynh are their newest 250k Earners, earning at least $250,000 in a 12 month period.
The announcment comes amongst several promotions at Seacret as they prepare for the Top Producer Rocky Point Getaway.
SEACRET is an international business that has spread to more than 40 countries around the globe. With its affiliate partners, it has more than $1 billion in retail product sales.
The company has become one of the largest distributors of Dead Sea cosmetics, with its products formulated in the largest manufacturing plant in the world, right next to the shores of the Dead Sea.
All of this has been accomplished in just the few years since SEACRET was born in 2005.
Seacret has sold over $500,000,000 of products through retail channels.
It originally began as a mall kiosk product opportunity and then expanded into direct selling in recent years.
Hot Business News Today
Top 150 Worldwide Earners In MLM – August 2014
by Ted Nuyten • • 0 Comments
The ranking The estimated earnings are based on Internet research, earnings claims from conventions, downline, upline, crossline information, direct selling magazines and through our 70+ reporters.
Numerous top earners and companies share earnings with us. Our objective is to show people, you can make an honest living with MLM, Direct Selling working with all kind of Direct Selling Companies.
These leaders had an incredible vision, empower people, and change their life through this business. They build Million-Dollar Distributorships through Million Dollar Relationships.
The estimated (gross) earnings are per month. You can search on name/company in our full database.
Adjustments, or did we miss you and do you make more then $ 5,000 per month?
Please fill this Confidential Form in
To view all 8,400+ Top Earners click here
WW RankNameCompanyEst. MonthEst. YearWebsite
1Dexter & Birdie YagerAmway$1,300,000$15,600,000www.dexandbirdieyager.com
2Angela Liew and Ryan HoNuSkin$1,100,000$13,200,000www.nuskin.com
3Barry Chi & Holly ChenAmway$650,000$7,800,000www.amway.com
4Holton BuggsOrganoGold$600,000$7,200,000www.organogold.com
5Shane MorandOrganoGold$600,000$7,200,000www.organogold.com
6Brian McClureAmbit$452,000$5,424,000www.ambitenergy.com
7Foo Howe Kean & Jenny KoAmway$450,000$5,400,000www.amway.com
8George Zalucki & Art NapolitanoACN$400,000$4,800,000www.georgezalucki.com
9Kim HuiJeunesse$400,000$4,800,000www.kimhui.brucehathuc.com
10Sunny Hsu & Debra HsiehAmway$400,000$4,800,000www.envip.com/en.asp
11Tom & Bethany AlkazinVemma$400,000$4,800,000www.vemma.com
12Abraham Benitez and Raquel CortezHerbalife$395,000$4,740,000www.herbalife.com
13Enrique and Graciela VarelaHerbalife$395,000$4,740,000www.herbalife.com
14Steve ThompsonAmbit$370,000$4,440,000www.rsthompson.com
15Carol & Ken PorterMonavie$350,000$4,200,000www.Monavie.com
16David Wood and David SharpeEmpowerNetwork$350,000$4,200,000www.empowernetwork.com
17Nancy DornanAmway$350,000$4,200,000www.n21corp.com
18Tae Ho KimHerbalife$350,000$4,200,000www.herbalife.com
19Philip EckartAmbit$324,000$3,888,000www.ambitenergy.com
20Betty SungNuSkin$315,000$3,780,000www.nuskin.com
21Carol and Alan LorrenzHerbalife$300,000$3,600,000www.herbalife.com
22Jose ArdonOrganoGold$300,000$3,600,000www.organogold.com
23Kaoru NakajimaAmway$300,000$3,600,000www.heckel.ne.jp
24Simon AbboudACN$300,000$3,600,000www.ACNinc.com
25Toufik RezigWorldGlobal$300,000$3,600,000www.worldgn.com
26John SachtourasOrganoGold$295,000$3,540,000www.organogold.com
27Leonard & Irina WeisbeinHerbalife$275,000$3,300,000www.herbalife.com
28Seung Ja and Young Ho Kang ParkHerbalife$265,000$3,180,000www.herbalife.com
29Patrick Maser & Mike MaserACN$260,000$3,120,000www.ACNinc.com
30Dong Keun ChungHerbalife$255,000$3,060,000www.herbalife.com
31Christian SteinkellerOrganoGold$250,000$3,000,000www.world.organogold.com
32Kang
Hot Business News Today
Primerica Reports 18% Increase In Q2 Results – 2014 Up To $48.7 Million
by Nicole Dunkley • • 0 Comments
Primerica, Inc. (NYSE: PRI) announced today financial results for the quarter ended June 30, 2014. Total revenues were $331.1 million in the second quarter of 2014 and net income was $49.3 million, or $0.89 per diluted share.
In the second quarter operating revenues increased by 10% to $330.3 million and net operating income increased by 18% to $48.7 million compared with $300.0 million and $41.2 million, respectively, in the year ago quarter. Net operating income per diluted share increased 25% to $0.88 and ROAE was 16.3% on an operating basis in the second quarter of 2014. Solid operating results in the second quarter were driven by growth in Term Life premiums and strong Investment and Savings Products performance including a 9% increase in total product sales and 20% growth in ending client asset values year-over-year.
Second quarter expenses decreased versus prior year period largely reflecting our settlement of the Florida Retirement System (FRS) matter in the first quarter of 2014. Net investment income continued to be impacted by lower yields on invested assets, but was enhanced in the second quarter by favorable market value changes on our deposit asset in Corporate and Other Distributed Products.
Rick Williams, Chairman of the Board and Co-Chief
Hot Business News Today
Nerium Expected To Expand Into Mexico October 2014
by Nicole Dunkley • • 0 Comments
Nerium International™ is expanding its international footprint by opening for business in Mexico by October.
“It is an absolute honor to continue achieving our dream of international expansion. I know we will reach new heights en Mexico as we welcome General Manager of Mexico Alfonso Todd, a remarkable individual who shares the Nerium values and cultures, to our Nerium family,” says Founder and Chief Executive Officer Jeff Olson.
Since its August 2011 launch in the US, Nerium has created skincare products focused on science and clinically proven to produce real results. After achieving numerous records while building millions of consumer fans in the U.S., Nerium expanded throughout Canada this year.
“We are firm believers of slowing down to go fast, and we followed this plan when we started our global journey in Canada earlier this year,” says President of International Roy Truett. “We are thrilled to open Mexico in a way that will ensure our Brand Partners receive the best product, tools, support, and training.”
The Nerium Product Development team spent two years developing OptimeraTM Night and Day Cream, a cutting-edge, anti-aging international product line. As the only line of skincare products on the market containing the patent-pending SAL-14TM extract, Optimera Night and Day
Hot Business News Today
Seven Point 2′s, Black Diamonds, Oscar & Carrie Jo Alcoser Earn Over $20k In June
by Tina Williams • • 0 Comments
Momentum was the name of the game for North American Black Diamonds Oscar & Carrie Jo Alcoser in June, as they earned over $20,000. After participating in the Platinum and Above Advanced Training with SVP Philip Townsend with their team leaders in Denver CO, the Alcoser’s noted that their entire team is “now enrolled in the vision, and empowered to participate in the success of the entire Company!”.
What were the keys to Black Diamond Oscar & Carrie Jo Alcoser’s banner month? “Having so many events to promote for, and new people to invite has been a major key.” Their team, which they affectionately call “The Legacy Team”, is maturing with levels of leaders who are beginning to learn how to leverage their time and build their SevenPoint2® businesses through the Power of Promoting ALL SevenPoint2®events including the Leadership & Training Calls, Wellness Calls, Webinars, and Local Leadership Events.
“The active members that are going to 7.2 University’s Trainings and who are inviting others to get on the calls & webinars are having the BEST RESULTS in earning Fast Track Cash, building their teams and rank advancing! Because of this, we are seeing more long distant recruiting and enrollment with people excited to open