Kyle Bass, founder and principal of Hayman Capital Management, says he believes Herbalife is not a ponzi scheme and is a legitimate business model on an interview with CNBC. He even goes as far as saying they’ve had one of their own traders sign up with Herbalife to gain an understanding of the model to make sure it’s legitimate.
Bass became well-known after successfully predicting and benefitting from the subprime mortgage crisis by purchasing credit default swaps on subprime securities issued by various investment banks (similar to shorting the bonds).
Bass has since continued to attract media attention for his prediction of the European sovereign-debt crisis and his expectations regarding the economic future of Japan and Argentina.
Bass reminded CNBC viewers that Ackman originally went long on Pre-Paid Legal stocks (now a privately held company called Legal Shield) and shared his views on it not beign a pyramid scheme, nearly an identical explanation to why he thinks Herbalife is a pyramid scheme and is shorting that stock instead.
How long Ackman will continue to battle the Herbalife stock remains to be seen as he placed a hefty $1 Billion dollar short on the company about a year ago. The Herbalife/Ackman battle has become one of the most talked about
Tag Archive for MLM Facts
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Market America | SHOP.COM Earns Business Journal Fast 50 Award
by Nicole Dunkley • • 0 Comments
Market America|SHOP.COM has been recognized as one of the 50 top performing privately held companies for the 10th time by The Business Journal magazine. The magazine’s ‘Fast 50’ designation is determined, in part, based upon the company’s percentage revenue increase during the past three years.
“It is always an honor to be recognized by such a renowned business publication as the Business Journal,” said Anthony Akers, VP of Communications who accepted the award on behalf of Market America | SHOP.COM at the awards ceremony held on September 18th at the Carolina Theatre in Greensboro, NC.
“We have experienced tremendous growth during the past three years both domestically and internationally which positions us for exceptional growth in the years to come,” said Marc Ashley, Market America | SHOP.COM Chief Operating Officer. “We are thrilled to be recognized along with the strongest and most successful companies in our area.”
ABOUT MARKET AMERICA, INC. & SHOP.COM
Market America, Inc. is a product brokerage and Internet marketing company that specializes in One-to-One Marketing. Its mission is to provide a robust business system for entrepreneurs, while providing consumers a better way to shop. Headquartered in Greensboro, NC, the company was founded in 1992 by President and CEO JR Ridinger and has generated
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FDA Issues Warning Letters To Reprimand False Claims
by Nicole Dunkley • • 0 Comments
Young Living and doTERRA distributors were reprimanded after the Food and Drug Administration FDA issued warning statements via overnight delivery to CEO Gary Young and David Stirling. Young Living and doTERRA both use independent distributors as a sales-force.
The majority of complaints the FDA issued in the warning letters involved the way some independent distributors marketed the companies’ products. Primarily, the FDA was concerned with Young Living and doTERRA consultants’ online marketing material for the brands’ essential oils.
According to FDA regulations, neither dietary supplements nor essential oils are allowed to be marketed by the company that sells them in such a way that it appears as though the products can prevent, cure or treat any disease. If a company does market in that manner, the product is considered a drug by the FDA. If a product is a drug, it must be approved by the FDA. So, any product marketed to cure, treat or prevent a disease, that is not already an FDA approved drug, is considered an illegal, unapproved drug by the FDA.
The FDA found that Young Living essential oils were marketed for “viral infections (including ebola), Parkinson’s disease, autism, diabetes, hypertension, cancer, insomnia, heart disease, post-traumatic stress disorder
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USANA Partners With New York Giants Running Back Rashad Jennings
by Nicole Dunkley • • 0 Comments
USANA Health Sciences is proud to announce its partnership with New York Giants running back Rashad Jennings who will serve as its newest brand ambassador. Jennings joins more than 700 elite and world-class athletes.
In 2014, Jennings singed a 4-year contract with the Giants. On Sunday, September 21 he posted a career-best 176 yards and a touchdown on 34 carries as the Giants defeated the Texans 30-17, helping the Giants record its first win of the season (1-2).
“We are thrilled to announce Rashad as one of the newest members of Team USANA,” said USANA Chief Communications Officer Dan Macuga. “Not only is he an exceptional athlete, he is a testament of what it means to live a healthy life, and we look forward to watching him perform this season.”
Health and fitness have been vital to Jennings’ success on and off the field. “I was overweight as a kid and rode the bench in high school, but always dreamed of playing in the NFL,” said the six-year veteran. “I knew that I had to figure things out and commit to bettering myself physically to reach my goals and USANA has helped me stay on that path to become the player I am today.”
To
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The Forensic Networker – Ramin Mesgarlou – Inspired Or Expired?
by Ted Nuyten • • 0 Comments
Which one are you? Are you INSPIRED by the luxuries your MLM opportunity offers? If not you need a Forensic Networker attitude correction.
Ramin Mesgalou The Forensic Networker and CEO of Global Wealth Trade speaks out:
“INSPIRED or EXPIRED Forensic Mantra is part of my Forensic mindset boot camp for the non-believers because contrary to their self imposed belief, this type of lifestyle is NOT exclusive to the super rich, or super lucky, or super whatever name/excuse that you want to give it.”
These winners are ordinary people with extra ordinary habits and mindset that refuse to become part of the status quo stinking thinking culture that the world societies have adapted. The culture that blames the government, the boss, the taxes, the weather, the surrounding, parents, aunt Matelda for our lack of success.
Why am I sharing this and why is this relevant to you?
I know that after watching the highlight videos of incentives like the one we have below, most people get inspired and set targets to win the next major incentive with their company however my 25 years of experience has also shown me that there are three categories of people.
100%, unwavering inspired. These are the people that know what they
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Avon Relaunches Marketing Plan And Focuses On U.S.
by Tina Williams • • 0 Comments
In an exclusive interview with Fortune magazine, CEO of Avon talks about a marketing plan they hope will revive their sales.
Avon Products is betting heavily on an e-commerce and social-selling relaunch to get Avon back to profitability next year. The world’s largest direct seller of beauty products urgently needs to stanch an exodus of its famous Avon Ladies that has led both the size of salesforce and revenue in North America to fall by half in only a few years, and lose nearly $150 million.
Avon CEO Sheri McCoy (No. 27 on our Most Powerful Women list) sat down with Fortune for an exclusive interview, explaining why she thinks this initiative is so important and why she remains committed to the U.S. market.
Why the U.S. remains a priority even as some industry and Wall Street analysts say Avon should pack it in in its home market:
“To not compete in one of the largest markets in the world doesn’t make sense.”
“It’s the founding country of the brand- there are a lot of roots to the brand.”
“It’s easy to say, let’s walk away from it—I don’t think it’s the right thing to do.”
“Beauty and direct-selling in the U.S. are both growing: so it’s attractive from that standpoint.”
Why the
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Carl and Dot Stanitzky – Nerium Hit $400,000 In Career Earnings
by Ted Nuyten • • 0 Comments
Carl and Dot Stanitzky, from West Monroe, Louisiana, USA are married 31 years and Carl is one of the “Die Hards” in the Direct selling industry.
In 2011 Carl joined Nerium International when the company was about 3 months old. He earned over $100,000 his first year, over $200,000 his second year, and this year has gone over the $400,000 lifetime earnings with Nerium. His team is all over the USA, Canada, and launching Mexico in October.
Carl will celebrate his 70th birthday, and says that he loves this industry because of the friends he has made and the fact that he can continue to help others learn that THEY TOO can become DEBT FREE, and live the life they deserve.
Carl graduated from Texas A&M University with a BS Degree in Math in 1967 and an MBA in Management in 1969. Carl worked his way through college selling Bible Reference Books with the Southwestern Company from 1967 thru 1969 where he distinguished himself as both a top salesman and a top recruiter, and became known in that industry as THE RECRUITING MACHINE.
Upon graduation from Texas A&M Carl took his first job as Sales Manager for the Tom James Custom Apparel for Men’s
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SEC Alleges Zhunrize To Be A Pyramid Scheme – Assets Frozen
by Ted Nuyten • • 0 Comments
Zhunrize, launched in 2013 is a shopping and savings portal and offers affiliates a replicated storefront, which the company has branded “ZhunCity”. The shopping portal starts at $99 and $30 a month, up to $3,000 and $100 a month.
According to a SEC Press release:
“On September 22, 2014, the Securities and Exchange Commission filed a civil injunctive action in the Northern District of Georgia against Zhunrize, Inc. (“Zhunrize”) and its CEO, Jeff Pan (“Pan”). In connection with the filing of this action, the Commission obtained a temporary restraining order against the defendants and an order freezing all of defendants’ assets.
The Commission alleges that Zhunrize, an Atlanta-based multi-level marketing company, and Pan have been operating a fraudulent pyramid scheme that has raised over $100 million from investors worldwide.
According to the Commission’s complaint, Zhunrize purports to be a legitimate multi-level marketing business by which members purchase online stores and then sell merchandise through them, while earning commissions on products purchased by their customers and through store sales to other members and hosting fees paid by those members.
In fact, the company is operating as a pyramid scheme because its commission structure is based on the continual recruitment of new members, with the
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David Moses – A Top Earner Personal Setback Story
by Ted Nuyten • • 0 Comments
David Moses is a million dollar earner, master distributor and is the company’s first Crown Diamond Elite. In below generic video he shares his personal experinience on a major set back in his career, as he lost a very large team in the past.
He has achieved number one status in every company since his career began, including holding senior executive positions for several large Network Marketing companies. David is married and has 2 children, the family resides in Toronto, Canada.
David says:
“Every challenge, every disappointment, every setback, has within it a seed for success.
The difference between those who will achieve high level success in Network Marketing or for that matter anything in life is how they process and interpret challenges.
It’s been said sometimes we win and sometimes we learn. Every experience gives us context and depth such that we can share stories and empower others to overcome all obstacles on the way to success.
Every person who is at the top of their game in Network Marketing has surely navigated challenges and setbacks they have used those experiences as stepping stones to the next success to rise to the next level. When we study the bio of success and
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Paulo and Denise Cosiello – WOR(l)D Global Network Hit $125,000 Per Month
by Ted Nuyten • • 0 Comments
Paulo and Denise Cosiello from São Paulo, Brazil, have hit the $125,000 per month mark with their WOR(l)D Global Network independant distributorship.
The company is in 5 of the industries active, Direct sales, Mobile Technology, Mobile Advertising, Video and VoIP Communications Renewable Energy.
WOR(l)D Global Network is a public company, headquartered in London and is in the process of become publicly listed in the UK.
Paulo stated:
“Ever since I was a child, I I have dreamt a work that would let me know the world.I have worked ever since my earliest youth and after a while I have decided to apply myself to trade investing all my energies, effort and money in to this field.
I have spent time and resources starting several business without any success and believed that I would not be able to realise my dream of being an ordinary and successful business man. Then one day I have become familiar with direct sales. After working for seven years in this field, I finally know what the word success means because I have got so much of it!
During the past three years, me and my wife, Denise Cosiello, have understood the power of the network and the big