The FBI and federal prosecutors are interviewing people related to hedge-fund manager Bill Ackman for potential Herbalife stock manipulation, reports The Wall Street Journal.
They’ve asked for documents related to the stock. Neither Ackman nor his hedge fund, Pershing Square, have been served with a subpoena.
Ackman has been publicly shorting Herbalife since December 2012. He has said that the multilevel-marketing nutrition firm is a pyramid scheme and that his hedge fund, Pershing Square, is shorting its stock to zero.
Here’s The Journal on exactly what investigators are trying to figure out in this case:
Prosecutors in the Manhattan U.S. attorney’s office and New York field office of the FBI have conducted interviews and sent document requests in recent months in connection with the investigation, which is looking into whether people, including some hired by Mr. Ackman,
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Medifast Drops To Loss In 4th QRTR As Revenue Plunges
by Tina Williams • • 0 Comments
Weight-loss company Medifast Inc. lost more than $3 million over its fourth quarter as revenue plunged more than 11 percent in earnings released Thursday afternoon.
Owings Mills-based Medifast (NYSE: MED) lost $3.4 million, or 28 cents per share, in its fourth quarter ending Dec. 31 — a year after posting a profit of $5.3 million, or 39 cents per share, in the same quarter.
The company shed more than $8 million in revenue year-over-year, posting $62.3 million in the 2014 fourth quarter. Revenue missed Wall Street estimates averaging $69.4 million in analyst polling from Thomson Financial Network and company stock was down more than 8 percent in after-hours trading.
That revenue drop came as Medifast’s two largest moneymaking divisions lost sales. Revenue plunged 12 percent to $45.7 million at the company’s direct sales channel, Take Shape for
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Jeunesse Closes Out February With Record $65 Million In Sales
by Tina Williams • • 0 Comments
Jeunesse welcomes over 81,000 new Distributors in February. The company continues to surpass previous records, remaining steady on a path of unprecedented sales growth.
The company has just announced an astounding $65 million in sales revenue during the month of February, boosting combined sales figures for January and February up 148% over those months in the previous year.
This new peak in sales revenue occurred just two months after the company’s previous record month in December, 2014, when Jeunesse achieved $61 million in sales and added more than 68,000 new distributors.
The latest announcement also revealed that Jeunesse added a total of 81,252 new distributors in February alone, with over 8,000 new distributors joining on the final day of the month.
Significant growth in the US and Canada markets was particularly noteworthy. Sales
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Sandra Cavaqueira Named Director Of MonaVie Europe Events And Marketing
by Tina Williams • • 0 Comments
MonaVie Europe is evolving as a force—a powerful fusion of leadership, passion, and product. Here, leaders are born every day as new distributors are attracted to our premium products and powerful opportunity.
With this growing trend, we realize the need to have a dedicated position with the singular purpose of maximizing new market initiatives and ensuring seamless event coordination. We are therefore thrilled to name Sandra Cavaqueira as the Director of Europe Events and Marketing.
Previously MonaVie Portugal’s General Manager, Sandra’s avid enthusiasm for our distributors coupled with her strong marketing background has helped to build MonaVie Portugal from the ground up, establishing a strong and thriving market.
Having obtained a bachelor’s degree in Chemistry and a master’s degree in Business and Industrial Strategy, Sandra understands the health and wellness industry well. And with the
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Brent And Ann Palmer Surpass $1 Million In Earnings At LIMU
by Tina Williams • • 0 Comments
The LIMU Millionaires Club just added more new members, celebrating Brent and Ann Palmer from Florence, Alabama for recently surpassing $1 Million in LIMU earnings.
The Palmers are only the second Promoters to reach the company’s 750K rank, and are among LIMU’s most successful Promoters after only a very short period of time.
“Brent and Ann are exactly the kind of people this industry attracts, a hard-working couple with outstanding values and a daily commitment to helping people,” says Gary J. Raser, Founder, President and CEO of LIMU. “They saw in LIMU a new way to work, a way to get away from the stress of 80-hour weeks and of living paycheck to paycheck. The speed at which they’ve reached one of our highest ranks is impressive, but the fact that their huge success
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Herbalife Makes It Into Guiness Book of World Records
by Tina Williams • • 0 Comments
Herbalife, (HLF), a global nutrition company, joined with its members around the world this weekend to create a new GUINNESS WORLD RECORDS® achievement for most participants in a High Intensity Interval Training (HIIT) workout in 24-hours. As part of the event, Herbalife and its members also created a new world record for number of people in a High Intensity Interval Training Workout in one location, with nearly 4,000 people filling the LA Live Plaza in Downtown Los Angeles.
Tens of thousands of independent Herbalife members—along with their customers, friends and family—hosted workouts at local Herbalife nutrition clubs, parks and public meeting spaces across more than 80 countries.
The workout began on Saturday, March 7, at 9:00 a.m. local time in Auckland, New Zealand. Throughout the next 24 hours, workout events were being held in
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Wake Up Now – Going Out Of Business
by Ted Nuyten • • 0 Comments
Master distributor Brandon Boyd and Top Earner Eric Turner resign.
As reported earlier about Wake Up Now (WUN) by Business For Home on May 2014, about WUN financial concens, in October 2014, CEO Kirby Cochran stepped down, 29 Januari Wake Up Now was looking for a new investor and not paying out commissions, blaying the payment processor, it seems the company is going out of business.
The company denied earlier they were having commission payment problems however if you read WUN top earner Eric Turner statement, Business For Home was on spot.
Ten thousands of distributors are left in the dust.
Master Distributor Brandon Boyd stated on January 30:
We have never had a better back office, better compensation, better shipping, better packages, and more focused management than we have right now. We are primed between Feb. and March to be stronger than ever before in a big way. I am extremely encouraged about our future and what is about to be released next week.
However on 9 February Brandon Boyd left the company:
“As of today, after (5) years, I have made the decision to leave WUN. Its time to take my talents elsewhere.”
Top Earner Eric Turner AKA ” Seemore Green” stated on his facebook
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Direct Sellling Companies Complaints Poll – February 2015
by Ted Nuyten • • 0 Comments
Unfortunately we receive regular complaints about Direct Selling Companies with requests to publish the complaints on this website.
“I did not get paid”, “I paid for products which were never delivered”, “My company delayed payments, blaming the payment processor” etc. It would be very time consuming for us to publish all, as it requires in-depth research.
Sometimes it are isolated cases, sometimes it are signs for bankruptcy or, closing down operations such as recently Conligus, Wake Up Now, Bellamora, Jamie At Home, The Freedom Fighters Network, Votre Vu, Lyfestart, Lia Sophia.
As we report “the good, the bad and the ugly news”, a poll is an honest way to inform the industry about a company ‘s reputation and credibility. If a company does not pay out commissions, does not deliver, is terminating without cause distributors, this is the place to be and It is an alert for management to improve their operations. Consider this poll as an early warning system for professionals.
This is NOT a poll you want to end up high as a Direct Selling company. Why a poll? Because we have a great system in place:
You can vote only 1 time per poll. We can keep “trolls” and “haters” and “Bogus
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Conligus Freezing Commissions
by Ted Nuyten • • 0 Comments
In October 2014 Conligus was founded in Malta by Fabrice Kerherve and the Steinkeller brothers, formally Organo Gold Crown Diamonds.
Christian, Aron and Stephan Steinkeller are from South Tyrol, Italy near the Austrian border. Combined estimated earnings for the 3 brothers has been $300,000 – $500,000+ per month in 2013.
As of 5 February 2015, commissions are frozen for 30 – 60 days for “restructuring” according to a message to the Conligus community blaming “criminal attacks from different fraud organizations”.
According to the conligus website:
“Conligus is a global community of members spread over 6 continents in over 160 countries. We are growing with thousands of members every month and we are creating the entrepreneurs of the future with one simple concept in mind: Share the wealth”.
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Add A Direct Selling Company!
by Ted Nuyten • • 0 Comments
We regular get requests to add a Direct Selling company to our Polls, or publish about them.
Please use below form to add / nominate a Direct Selling / MLM / Network Marketing company or to inform us about a pre-launch / launch.
Per year, the Business For Home.org website receives 3.5 – 4 million unique visitors from all over the world with the majority being Network Marketing professionals with approximately 25% visiting the website looking for a new or additional opportunities.
On average the website is serving 12,000 – 15,000+ visitors per day, with all time daily highs of 70,000 visitors when “Breaking News” occurs or Poll voting takes place.
Therefore adding a company to the Direct Selling database is very important.
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