Herbalife Ltd. HLF has hired a former U.S. regulator to lead its compliance team, after the Federal Trade Commission opened an investigation into the embattled nutritional-supplement company in March.
Pamela Jones Harbour —who worked as an FTC commissioner from 2003 to 2010 and as a prosecutor for the New York State Attorney General’s office for 12 years—has been appointed senior vice president of global member compliance and privacy. She will lead a compliance team across 91 markets in the newly created role, Herbalife said Monday.
Ms. Harbour’s appointment comes as activist investors continue to face off over the company.
Herbalife, which sells weight-loss shakes and fitness supplements, has been pummeled by hedge fund manager William Ackman since December 2012, when he spent more than three hours in a Manhattan auditorium laying out his case for why he thinks the direct marketer is a pyramid scheme whose salespeople rely more on signing up new recruits than selling product. Mr. Ackman has repeatedly called for an FTC investigation into the company, and his firm, Pershing Square Capital Management, has bet about $1 billion that the company’s shares will fall.
The company has repeatedly defended its operations and has won the support of a number of Mr. Ackman’s hedge fund rivals, including Carl
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90,000 Checks On The Way To Defrauded Zeek Rewards Investors
by Tina Williams • • 0 Comments
The receiver for ZeekRewards.com said last week that more than 90,000 checks are in the mail as part of his first distribution of refunds from the defunct Lexington Internet company.
Kenneth Bell said the value of the 90,297 checks is a combined $134.3 million. However, a combined $23 million was withheld for tax purpose.
Bell stated in August that the payout for most recipients is 40 percent of what they were owed “using the rising-tide method of calculation already approved by the federal court.” A rising-tide distribution is used by courts as a method to pay recovered assets to defrauded investors. The method serves to distribute money in a way that leaves as many investors as possible with the same percentage recovery of their total investment.
Each person receiving a check is owed at least $100.
In August 2012, the U.S. Securities and Exchange Commission accused Rex Venture Group LLC, Zeekler, ZeekRewards.comand Paul Burks, their principal owner, of raising $850 million through unregistered securities. The companies were shut down and their assets frozen.
The companies raised the money from at least 2.2 million customers, including more than 230,000 in the United States and 47,000 in North Carolina.
U.S. District Court Judge Graham Mullen approved in July the distribution request of Sept.
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Morinda Set To Open First Store-Front In U.S.
by Tina Williams • • 0 Comments
The Making A Difference (M.A.D.) Team, one of the network marketing industry’s most forward-thinking and fastest-growing business groups, plans to open its first storefront networking and health awareness facility in the United States.
The facility, located in one of Wilmington, Delaware’s most popular retail and office areas, features two distinct spaces. The first, the M.A.D. Team Headquarters, allows members to teach and train entrepreneurs how to use cutting-edge business strategies to create their dream lifestyle. The second, the M.A.D. Team Store, provides an experiential environment where individuals can learn how to proactively improve their health.
Visitors can experience a variety of activities at the new location. Individuals can attend business-development presentations, participate in leadership trainings and attend various networking events. Additionally, visitors can receive complimentary AGE (advanced glycation end-product) health readings and sample Morinda’s newest AGE-fighting products.
“We are so excited to have a facility where individuals can come and learn how to improve their health in a proactive way,” said M.A.D. Team CEO and co-founder, Valencia Pamphile. “The science of AGEs gives us information that can help us live younger, longer and sharing this education in our new facility is so rewarding. I love what we are doing!”
The opening of The M.A.D.
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Restraining Order Filed Against Michael Hansen, CEO Of DubLi
by Tina Williams • • 0 Comments
Dustin Mitchell, who states he was the former V.P. of North American Sales Development, has filed a petition for order of protection against Michael Hansen, CEO of DubLi. The judge granted and signed the request today.
The order demands Michael Hansen maintain a distance of at least 5,000 feet from Dustin Mitchell as well as any contact via email, web, or telephone. A demand for reimbursement for medical and legal expenses was also entered into the filing.
Stalking petition was filed for: stalking, coercion, harassment, and threatening acts. The restraining order is also the first step in filing an injuctive relief that could possiby prevent Michael Hansen (a non-US resident) from conducting business in the continental U.S.
A source shares that this is the beginning of many more steps that will be taken against Michael Hansen and DubLi regarding operations of the company. The restraining order is in effect in St. Louis, Phoenix, Las Vegas, Los Angeles, and Boca Raton. DubLi has an operating office in Florida but Michael Hansen maintains a residence in Europe and Dubai.
No additional information is available at this time on reaction from DubLi or Michael Hansen to the filing.
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Preiscoin – MLM Reports 130% Growth
by Ted Nuyten • • 0 Comments
Preiscoin Group AG is based in Switzerland and offers the Preiscoin (PRS), an alternative digital currency based on the Bitcoin protocol.
Preiscoin uses a Forced Matrix compensation structure for affiliates to build up their customer base.
The Preiscoin Group AG reports the following numbers:
– 130% growth in September.
– 1,956 new accounts created and paid in September.
– 267% more commissions paid in September (compared to August).
The Forced Matrix Plan is a compensation structure with a set width and depth on which distributors are compensated.
Preiscoin offers 4% residual commissions on every sale down to 7 levels in the 3×7 forced matrix.
A customer or affiliate who purchases a mining subscription will grant you the “base” – that is a fixed sum of Preiscoins every month staring at CHF 25 or $27.
After 3 people register and purchase a mining subcription, besides Preiscoins, you will receive a prepaid card where the referral commisisons are paid out.
Preiscoin offers monthly bonuses, as well, to help earn larger commissions quickly. For every 10 paid customers that an affiliate brings into Preiscoin within a calendar month, that affiliate will receive an additional bonus of 100 CHF / $106. If that affiliate brings in 20 paid customers in a month and receive 200 CHF / $ 213, bring in 30 and you receive $319, etc.
Preiscoin offers
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Younique Opens In United Kingdom, Fills Triple Digits Club In 26 Minutes
by Tina Williams • • 0 Comments
Younique, a cosmetics direct sales company dedicated to uplifting, empowering and validating women everywhere, opened its virtual doors (October 1, 2014) to the United Kingdom.
Within 26 minutes of the market opening, 999 Presenters had joined the Younique Family in the UK, solidifying the prestigious Triple Digits Clubfor that market. By contrast, it took the successful United States market nine months to reach this same milestone.
“The first 999 Presenters to join the Younique Family in each market are included in what we call the Triple Digits Club for that market,” says Younique Cofounder Melanie Huscroft. “These pioneering Presenters receive a special Triple Digits Club charm with their Presenter Kit, as well as Younique Cash (Y-Cash) to spend on their next purchase.”
The anticipation surrounding a Younique market opening continues to build with each new market launch. “There will no doubt be a lot of talk today, and in the coming weeks and months, about the growth of Younique in the United Kingdom,” says Younique Founder Derek Maxfield. “And numbers do matter, but for one main reason: It means that we are able to reach more people with our mission to uplift, empower and validate women everywhere.”
A Younique Presenter (independent sales representatives) in the United
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ASEA Announces Mid-Year Accomplishments In Public Address
by Tina Williams • • 0 Comments
In a recent public address on the ASEA blog, Charles Funke, CEO, announced their mid-year accomplishments;
We value each of you and recognize that we have the best Associate partners in our industry, and this is evidenced by some impressive accomplishments you have achieved since January.
We have witnessed unprecedented rank advancements this year—more than 350 of you have advanced to the bronze executive rank or above just since our international convention in May.
Our 2014 Amplify convention was sold out, and we registered the highest convention attendance in ASEA history. At convention, we launched our groundbreaking RENU 28 skin health product and since then, you have shared more than 200,000 individual tubes of this incredible product.
At the same time, sales of ASEA continue to increase month over month. During the summer months when sales in our industry typically lag, our sales have continued to surge and have increased by 35% since April. Weekly sales records have been broken again and again throughout the year.
CORPORATE TEAM STRENGTHENED
I am also excited to report that we have remained focused on our commitment to strengthen our corporate team so that we can continue to support our thriving global growth. Since January, we have recruited top talent to
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Topmodel Tyra Banks Launches Her Own Direct Selling Cosmetics Company
by Ted Nuyten • • 0 Comments
Tyra Banks, is an American television personality, producer, author, actress, and former top model. She graduated from Harvard Business School’s three-year Owner/President Management Program.
Tyra first became famous as a model, appearing twice on the cover of the Sports Illustrated Swimsuit Issue and working for Victoria’s Secret as one of their original Angels.
Banks is the creator and host of the UPN/The CW reality television show America’s Next Top Model, co-creator of True Beauty, and was the host of her own talk show, The Tyra Banks Show.
Banks is one of four African Americans and seven women to have repeatedly ranked among the world’s most influential people by Time magazine.
Introducing her latest with a flashy video, rife with a jumble of made-up words and humblebrag hyperboles, Tyra heralds her new line as the future of beauty.
Part of Tyra’s cosmetics company is based on a model of direct selling. Representatives, which the model calls “beautytainers,” throw parties or set up online shops where they can sell Tyra-branded products to other people.
Tyra Banks according to her website:
“You can be one of the first Beautytainers by completing 7 easy questions. After that, be on the lookout for emails from me that keep you
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Arbonne Expands Into Poland
by Tina Williams • • 0 Comments
Arbonne International, LLC (Arbonne) through its subsidiary Arbonne Europe Sarl, officially opens its business in Poland today, marking the 34-year-old company’s entry into continental Europe. With the launch, Arbonne introduces its world–class, botanically based, beauty and health and wellness products for the whole family.
By gently harvesting the best of nature — then formulating with advanced scientific breakthroughs — Arbonne’s premium products are designed to deliver amazing and visual results. That tradition has continued since the company was founded more than three decades ago by Norwegian entrepreneur and visionary Petter Morck.
“Since 1980, we have seen the incredible power of the Arbonne products and opportunity to transform people’s lives and now we are thrilled to share that in Poland, too”
Arbonne’s continued growth in its four current countries is generating positive momentum to carry the company’s culture, sense of community, products and opportunity into Poland. In advance of the launch, Arbonne Poland events were held earlier this month in Sopot, Warsaw and Krakow — with nearly 1,200 excited attendees.
Existing Arbonne Independent Consultants from other countries also attended the pre-launch events to lend their support, experience and enthusiasm. Entry into Poland makes Arbonne operational in a fifth country, along with Australia, Canada,
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Herbalife To Tour Asia
by Tina Williams • • 0 Comments
Herbalife, a global nutrition company, has announced the launch of its second Asia-Pacific Wellness Tour, which will see six of its Herbalife Nutrition Advisory Board (NAB) members and experts visit a total of 25 cities in Australia, Cambodia, Hong Kong, India, Indonesia, Japan, Korea, Macau, Malaysia, New Zealand, Philippines, Singapore, Taiwan, Thailand and Vietnam.
Building on the success of the inaugural Asia-Pacific Wellness Tour held in April this year, which recorded an attendance of 22,000 across the region, this October edition of the Tour seeks to further amplify public awareness of the importance of balanced nutrition and healthy lifestyles in an increasingly time-strapped world.
“The trends of rising obesity rates, ageing population and mounting health consciousness are not showing signs of slowing down. With the return of the Asia-Pacific Wellness Tour, Herbalife seeks to highlight the impact of these issues, and impart practical, balanced nutrition tips and positive lifestyle habits to help people live healthier lives in today’s busy world. The visiting NAB members and experts will also conduct training for our Independent Herbalife Members, equipping them with nutrition knowledge to better serve their customers,” said William M. Rahn, Senior Vice President and Managing Director, Herbalife Asia Pacific.
According to the World Health Organization