MLM News

Bring 'model central law' to curb ponzi schemes: Parliamentary panel
MLMNEXT   2015-10-25 10:32:41   0   0

NEW DELHI: To protect people from ponzi schemes, a Parliamentary panel has suggested framing of a model central law with clear cut definitions to curb illegal money pooling activities done in the garb of direct selling. 

Moreover, it said, the model law needs to define the scope of schemes in "unambiguous and specific terms" as broad definition of 'money circulation' has scope for large-scale circumventing by unscrupulous operators. 

There have been rising instances of gullible investors getting cheated by fraudulent investment schemes that mostly offer high returns within a short period of time. 


The Parliamentary Standing Committee on Finance has proposed a "model central law that would be comprehensive and all-encompassing including in its ambit collective investment schemes, chit funds, direct selling schemes and such other activities which are presently permissible but are defined and regulated in a dispersed manner". 

The law should contain separate section or chapter on non-permissible schemes as well, clearly spelling out the nature of such prohibited activities with its penal consequences, the committee's report submitted to Lok Sabha Speaker Sumitra Mahajan said. 

When Parliament is not in session, parliamentary panels often submit their reports to the Lok Sabha Speaker or Rajya Sabha Chairman. They are then tabled in Parliament in the next session. 

The panel, headed by former Law Minister M Veerappa Moily, said the model law should have provisions such as "attachment of property, recovery and distribution of proceeds in a stipulated time frame, deterrent penalties with imprisonment, time bound repayments/compensation and provision for class action suits/litigation". 

Observing that broad definition of 'money circulation' is the main reason for the failure of Prize Chits and Money Circulation (Banning) Act, the panel said there should be clear cut definitions so that prohibited schemes do not operate by camouflaging as legitimate schemes like direct selling. 

"These offences should be treated as offences committed against the state analogous to the Indian Penal Code and accordingly made non-bailable and cognisable. 

"The proposed law should also invoke the concurrent administrative jurisdiction of both the central and state governments in the implementation of the law in the light of recent enforcement experiences with the money circulation/ collection schemes," the report said. 

The report is on 'Efficacy of regulation of collective investment schemes (CIS), chit funds, etc'. 

The arrangement of sharing responsibility over regulation of these schemes between central agencies and state governments needs to continue till a considered decision is taken on the setting up of a separate/principal regulator to be provided for in the proposed law, the panel said. 

Another recommendation is for setting up of economic offence courts in every state to try such crimes and speedy disposal of the cases. 

"In order to complement strict enforcement action, economic offences courts may be set up or designated in every state for trial of such economic offences, including those under Sebi Act, RBI Act, State Depositors Protection Act, Prize Chits and Money Circulation Schemes (Banning) Act, etc," said the panel. 

Also, the committee said there are several cases relating to unauthorised financial schemes pending at different levels for investigation, prosecution, adjudication and compliance. 

A nodal department of the central government, "say Department of Economic Affairs under Ministry of Finance should compile and consolidate updates on these cases and facilitate coordinated action with concerned agencies like SEBI, RBI, Ministry of Corporate Affairs, Department of Financial Services, Department of Agriculture & Cooperation and Ministry of Consumer Affairs through digital backbone," the report noted. 


Source - http://bit.ly/1LuGkf5


WOR(l)D GN Opens HQ In India
MLMNEXT   2015-10-25 10:27:51   0   0

India was truly captivated by the enthusiasm and opportunity WOR(l)D Global Network had to offer.  The great country of India was embraced by the WOR(l)D family.

WOR(l)D also referred to as World GN is a global multi million dollar company that offers services in the telecommunications, renewable energy, technology and mobile Telecommunication. Its current headquarters is in the United States with its major offices in the United States, United Kingdom, Russia, Moscow, Ireland, China and Singapore.

Joining the Presidents Millionaire, Platinum, Diamond and Gold on the stage, 150 carefully selected consultants watched presentations about the prelaunch and launch strategies for India.

CEO and President Fabio Galdi wowed the audience as he delivered exciting news, and articulated a strong vision of the future of all Indian consultants, defining the next steps they must take to achieve success.

The COO Senatore Alessandro, CFO Alfonso Galdi, SVP of Network Development Walter Presutti, and SVP of Marketing and Communications Antonio De Rosa, where all onstage as announcements were made regarding product and service information, and opportunities.

The reception was not only positive, but warm and enthusiastic, as during the Gala dinner and exclusive party, everyone had a chance to revel in and be a part of WOR(l)D’s lifestyle.


Source - http://bit.ly/1LuGzql


QNET Signs As Official Direct Selling Partner Ff India’s Super League FC Goa
MLMNEXT   2015-10-25 10:24:12   0   0

Prominent Asian direct selling company, QNET has made yet another celebratory association with FC Goa as its official direct selling partner. This partnership will span over the duration of the Indian Super League 2015 season, kicking off in October and culminating at the end of the year as it tours all major cities in India.

Former Brazilian International Zico, who was hailed as one of the finest footballers of his generation has the reins of the team as head coach and brings a vast amount of experience to the club.

JR Mayer, Managing Director of QNET, said:

I am very excited about this partnership as I see so much potential and drive amongst the players and the coach. QNET strongly believes in fighting and striving for the best. FC Goa embodies just that.

We are proud to partner with them, and to see our logo flash over digital boards during all home games. Our partnership undoubtedly reflects a common ambition for drive, passion and teamwork.

QNET has worked strategically and on renowned global platforms to associate its brand with prestigious titles such as Manchester City FC, Marussia F1, Martina Hingis and others to elevate its brand and achieve higher visibility amongst stakeholders, partners, and worldwide consumers. The partnership goes beyond branding benefits, as QNET works closely together in many initiatives.

These include CSR activities through its RYTHM Foundation and also aims to develop football in Asia through coaching clinics and training opportunities thanks to its partnership with Manchester City FC. In addition to this, the company endeavours to engage and interact with the various communities it comes into contact with around the world, particularly with its initiatives to ‘Touch A Billion Hearts’.

Sukhvinder Singh, FC Goa's CEO added: “QNET’s grassroots philosophy of empowering everyday people around the world to start out on their own, to initiate a business and succeed in it, has been the key to their rapid growth, a network which now extends to over 100 countries worldwide.

We are honoured to be working with QNET in a partnership that presents both parties with exciting opportunities to collaborate through football, symbolising the spirit of positive growth in the Indian sub-continent.  The partnership also indicates the global relevance of FC Goa as a brand that engages football fans of the club not only in India but world over.”

The partnership marks yet another important step in QNET’s sports marketing efforts, linking hard-work, team-work and determination with network marketing.

To know more about the ISL tournament and FC Goa’s performance, log on to: http://www.fcgoa.in

About FC Goa:

FC Goa (also known as The Gaurs) is an Indian professional football franchise based in  Goa  that competes in the Indian Super League. The club was launched on 26 August 2014. The team is owned by  Goan Football Club Pvt. Ltd.  which consists of Goan businessmen Dattaraj Salgaocar and Shrinivas Dempo as well as Venugopal Dhoot and Virat Kohli.

The legendary Brazilian Footballer  Arthur Antunes Coimbra (Zico) is the club's Manager (Head Coach). Former Brazil skipper, World Cup winner and Champions league winner  Lucio has been signed FC Goa's marquee player for the second season. FC Goa represents Goa, the only state to declare football as its official sport.

About QNET:

QNET a prominent Asian direct selling company provides a wide range of life enhancing and luxury products that are offered through its proprietary e-commerce platform to customers and distributors in more than 100 countries. The company also has some 60 offices and agencies worldwide, and more than 50 stockists, apart from localised operations or franchisees in a number of countries.

Established in Hong Kong in 1998, QNET is a member of the Direct Selling Association of Malaysia, Singapore, and the Philippines. QNET is also a part of the Hong Kong Health Food Association and the Health Supplements Industry Association of Singapore among others. Recently QNET became member of United Nations Global Compact (UNGC) Network- the world's largest corporate sustainability initiative. 

QNET is active in sports sponsorships around the world, including Formula 1, football, badminton and one of the premier association of Tennis in India, due to the company's strong belief that the drive, passion and teamwork of sports mirrors that of QNET.


Source - http://bit.ly/1GA4xSf


Indian Parliamentary Panel Proposes Model Central Law To Curb Ponzis
MLMNEXT   2015-10-20 20:24:46   0   0

To protect people from ponzi schemes, a Parliamentary panel has suggested framing of a model central law with clear cut definitions to curb illegal money pooling activities done in the garb of direct selling. 

Moreover, it said, the model law needs to define the scope of schemes in "unambiguous and specific terms" as broad definition of 'money circulation' has scope for large-scale circumventing by unscrupulous operators. 

There have been rising instances of gullible investors getting cheated by fraudulent investment schemes that mostly offer high returns within a short period of time. 

The Parliamentary Standing Committee on Finance has proposed a "model central law that would be comprehensive and all-encompassing including in its ambit collective investment schemes, chit funds, direct selling schemes and such other activities which are presently permissible but are defined and regulated in a dispersed manner". 

The law should contain separate section or chapter on non-permissible schemes as well, clearly spelling out the nature of such prohibited activities with its penal consequences, the committee's report submitted to Lok Sabha Speaker Sumitra Mahajan said. 

When Parliament is not in session, parliamentary panels often submit their reports to the Lok Sabha Speaker or Rajya Sabha Chairman. They are then tabled in Parliament in the next session. 

The panel, headed by former Law Minister M Veerappa Moily, said the model law should have provisions such as "attachment of property, recovery and distribution of proceeds in a stipulated time frame, deterrent penalties with imprisonment, time bound repayments/compensation and provision for class action suits/litigation". 

Observing that broad definition of 'money circulation' is the main reason for the failure of Prize Chits and Money Circulation (Banning) Act, the panel said there should be clear cut definitions so that prohibited schemes do not operate by camouflaging as legitimate schemes like direct selling. 

"These offences should be treated as offences committed against the state analogous to the Indian Penal Code and accordingly made non-bailable and cognisable. 

"The proposed law should also invoke the concurrent administrative jurisdiction of both the central and state governments in the implementation of the law in the light of recent enforcement experiences with the money circulation/ collection schemes," the report said. 

The report is on 'Efficacy of regulation of collective investment schemes (CIS), chit funds, etc'. The arrangement of sharing responsibility over regulation of these schemes between central agencies and state governments needs to continue till a considered decision is taken on the setting up of a separate/principal regulator to be provided for in the proposed law, the panel said. 

Another recommendation is for setting up of economic offence courts in every state to try such crimes and speedy disposal of the cases. 

"In order to complement strict enforcement action, economic offences courts may be set up or designated in every state for trial of such economic offences, including those under Sebi Act, RBI Act, State Depositors Protection Act, Prize Chits and Money Circulation Schemes (Banning) Act, etc," said the panel. 

Also, the committee said there are several cases relating to unauthorised financial schemes pending at different levels for investigation, prosecution, adjudication and compliance. 

A nodal department of the central government, "say Department of Economic Affairs under Ministry of Finance should compile and consolidate updates on these cases and facilitate coordinated action with concerned agencies like SEBI, RBI, Ministry of Corporate Affairs, Department of Financial Services, Department of Financial Services, Department of Agriculture & Cooperation and Ministry of Consumer Affairs through digital backbone," the report noted 

Source - http://bit.ly/1OGJDUf


BTCC CEO Bobby Lee Warns Bitcoin Investors about MMM Ponzi Scheme
MLMNEXT   2015-10-20 20:20:56   0   0

Certain organization such as MMM Global have been accepting bitcoin payments in what appears to be a rehashing of the pyramid scheme of the same name that was started back in the Soviet Union.

Now, CEO Bobby Lee and the BTCC team issued a warning to its customers and potential bitcoin investors that BTCC is in no way affiliated with such schemes, and that investors must consider validating the entity promoting any bitcoin related investments to ensure its legitimacy.


Over the past few months, customers of prominent bitcoin exchanges and investment firms like BTCC and San Francisco-based bitcoin investment firm Pantera Capital have seen an increasing number of investment scams and ponzi schemes.

Last month, anonymous hackers claiming to be Pantera Capital CEO Dan Morehead sent an email blast using the email address dan@panteracapitalinvest.com, to coax Pantera Newsletter subscribers into investing in a highly profitable investment offer.

Although none of the customers were involved with this scam, the professionalism and complexity of the letter convinced many of Pantera Capital investors by imitating Pantera flawlessly.

The letter offered small investment opportunities starting from 0.5 BTC  all the way to 15 BTC, and guaranteed around 2 BTC in profit in less than 30 days of investment.


“We are now accepting subscriptions for the first ever Pantera Blitz Fund. This Fund designed specifically on investing for a short period of time and with a guaranteed fixed returns. Our offer stands for 15% per month subscription limiting max. deposit 50 BTC per person.

Deposit 15 BTC to address: 19QiVvDdyC8sMPNrX8us159TefrCcS6xeB or scan QR code for participation.”


MMM Global Republic of Bitcoin
Sergey Mavrodi, founder one of the largest Ponzi schemes of all time, which stole around US$10 billion worth of funds has initiated another investment scheme with bitcoin and the same brand name.

MMM Global, derived from his previous billion dollar ponzi scheme MMM guarantees 100% profit per month by having its users purchase “Mavros,” which Mavrodi describes as altcoins and invest in a “Global Fund of Mutual Aid.”

“MMM is a community of people providing each other financial help on the principle of gratuitousness, reciprocity and benevolence. We use BITCOIN infrastructure in our transactions. In MMM you don’t have to make contracts or pledge your property. In MMM there are no lenders and no debtors. Everything is very simple: one participant asks for help — another one helps,” the website explains.

The fund has gained popularity from many South African bitcoin users and investors from South East Asia. This time, a lot of new “bitcoin investors” may fall victim to Mavrodi once again, which certainly won’t help Bitcoin’s public image (e.g. MtGox), and that’s something Lee and Bitcoin users will be hoping to avoid this time around.


Source - http://bit.ly/1LBGtLG


Police advise people to be wary of chit funds
MLMNEXT   2015-10-18 20:12:24   0   0

DIMAPUR : Of late, many cases of fraud and cheating have been surfacing in Nagaland. There are fake companies/financial institutions/organizations operating from within and outside of Nagaland running many prize chits and money circulation schemes.

Hundreds of people from Nagaland have already been duped of several lakhs of rupees. Mention may be made of some of those fake companies operating in Nagaland includes Queensberry Foundation, Everlight Realty Infrastructure Limited/Everlight Realcon Infrastructure Limited( ERIL), Progressive Youth Welfare Society, Progressive Youth Thrift and Credit Cooperative Society Ltd etc.

Money Circulation Schemes are being promoted in the name of Direct marketing (DM), multi-level marketing schemes (MLM), network marketing (NWM), referral marketing, introduction marketing, chain marketing etc.

A press statement from SP (Crime) &PRO, PHQ, Nagaland, M Tungoe has stated that these schemes are nothing but camouflaged money circulation schemes. In the front end, the promoters display products and services, at the back end, it is nothing but money circulation schemes banned under the provisions of prize chits and Money Circulation Schemes (Banning) Act 1978.He stated that money circulation scheme means any scheme in which a person has to enroll into the scheme through an already enrolled member by subscribing to the scheme by paying initial kit/membership amount and purchasing goods and services, whereby this introducer will get benefits (easy money) and the company which promotes the scheme earns quick money.

The newly enrolled member again has to enroll further members to get his amount back and also the benefits. Such a system of chain to work endlessly to provide profit to everyone concerned would ultimately breakdown at some stage, resulting in financial benefit to some who joined the scheme at initial stages and financial loss to those who joined at a later stage. By the time the people realize that they were taken for a ride, it would be too late. Money circulation schemes are banned under the provisions of prize chits and Money Circulation Schemes (Banning) Act 1978.

The SP (Crime) cautioned the public to be wary of companies running such schemes and not to fall prey to any enticements offered by them. Police may manage to book the culprits but in such cases it is very difficult to recover the lost money. For instance, recently Police arrested the CEO of one such company but he does not have any money to pay back what he owes. He further stated that if any company approaches with such offers, the Police should be contacted immediately.

Source - http://bit.ly/1LYCuy2


DubLi Network Launches in Brazil
MLMNEXT   2015-10-18 20:03:51   0   0

DubLi Network Brazil to Operate as DubLi E-Commerce Ltda.

SEATTLE, WA and BELLEVUE, WA- DubLi Network, the world's largest e-commerce direct selling company through its Cash Back shopping platform, DubLi.com, today announced the launch of its operations in Brazil, marking the company's official entrance into the South American market. The incorporated entity will operate as DubLi E-Commerce Ltda.

"With the largest economy in South America, a booming ecommerce industry, and one of the top five direct selling markets worldwide, Brazil has significant potential for direct selling companies today and is an important and natural place for DubLi Network," said Michael Hansen, Founder and Executive Vice President of Business Development of DubLi. "By harnessing the Internet to offer e-business network marketing opportunities to entrepreneurs around the globe, DubLi has been able to scale and grow quickly in new markets. We are pleased to support current and prospective independent Business Associates in Latin America and see a promising future for this important, growing region of the world."

DubLi Network is a sophisticated, ecommerce network marketing company based on Cash Back shopping and travel, and the global leader in providing e-business network marketing opportunities to Independent Business Associates in almost 100 countries. DubLi Network offers Business Associates an opportunity earn an income by marketing its online Cash Back shopping portal and selling premium memberships through DubLi.com. For more information, visit www.dublinetwork.com.


In a related announcement, DubLi Network announced today that its parent company, Ominto, Inc., has also incorporated in Brazil as Ominto E-Commerce Ltda.

About DubLi.com 

DubLi.com is a global leader in online shopping and Cash Back rewards to customers worldwide. DubLi is emerging as a leading e-commerce platform offered through network marketing, currently serving customers in more than 120 countries. E-shoppers can browse through different categories, which feature international and local brands, travel, coupons, discounts and vouchers. DubLi has adapted its multilingual and multi-regional e-commerce platform to serve 12 international markets in local language and currency to strengthen its global e-commerce presence and encourage sales in its countries of operation. Depending on the market, DubLi.com features the world's most popular brands including Amazon.in, Walmart, Nike, Hotels.com, Zalando, Groupon and Expedia.

Since its founding by Michael Hansen in 2003, DubLi has offered entrepreneurs the opportunity to create their own distributor organization by joining the direct sales company, DubLi Network (dublinetwork.com). The global network of independent distributors generates traffic and the resulting sales to DubLi.com as well as markets a variety of memberships.

DubLi and DubLi Network are subsidiaries of Ominto, Inc. and are headquartered in Seattle, Washington.


Source - http://on.mktw.net/1W0T3OG


WOR(l)D Global Network Launches Official Headquarters In India
MLMNEXT   2015-10-18 19:56:16   0   0

October 17 and 18 mark the official opening of WOR(L)D Global Network headquarters in Bangalore, India, and with the inauguration of these new offices, it marks the start of the business in India.

Already, over 100,000 Indian consultants have joined WOR(l)D just two months after the Diamond Life tour in Istanbul, where the company first announced the imminent inauguration of the new, official headquarters in India.

It is a highly anticipated and exclusive event, attended by leading representatives of WOR(l)D’s management: President and CEO Fabio Galdi, COO Alessandro Senator, and SVP of Network Walter Presutti. This extraordinary milestone is evidence of WOR(l)D’s global success.

The sky is the limit when you reach with great incentive toward loftier goals, and the reward, once attained, is that much sweeter.

WOR(l)D Global Network has always recognized India’s incredible potential, and now the prelaunch is set to commence in one of the greatest nations in the world. What was once a seemingly unattainable goal impeded by the limitations of time, is now a testament to our success.

As WOR(l)D continues to expand, the company  garners the world’s respect and admiration for its many achievements.

About WOR(l)D GN

WOR(l)D also referred to as World GN is a global multi million dollar company that offers services in the telecommunications, renewable energy, technology and mobile Telecommunication. Its current headquarters is in the United States with its major offices in the United States, United Kingdom, Russia, Moscow, Ireland, China, Singapore and India.

For more information please visit www.worldgn.com


Amway India to launch first express pick-up centre in Gujarat's Anand district
MLMNEXT   2015-10-18 19:37:46   0   0

AHMEDABAD : Direct selling fast moving consumer goods company Amway India will open its first Express Pick-up Centre on October 14 in central Gujarat's Anand district by upgrading its existing set-up. The centre will enable distributors to walk in with their customers and walk out with the orders. 


The company said it will replicate the model elsewhere in the country if the pilot project is successful.
"The Express Pick-Up Centre will give our distributors (opportunity) to touch and feel the products and purchase them over the counter. For the customers, there will be zero wait period as they could get their orders delivered immediately," said Sandeep Prakash, regional head (west), Amway India.
Gujarat is one of the top five markets for the American company in India. 


Source - http://bit.ly/1Gdd2Tl


Vemma Back In Business In The USA
MLMNEXT   2015-10-18 19:28:08   0   0

According to an email from CEO and founder BK Boreyko Vemma is back in business in the USA.

Operations in the rest of the world most likely will take longer to start up.

BK Boreyko:

"We apoloize for the delays you’ve experienced and we feel terrible that you’ve had to go without your favorite Vemma brands for this long. As of today, we’re able to process your orders manually over the phone and by fax.

It’s like 1995 over here, but the energy and excitement is at an all-time high! I apologize in advance for the hold times; we’ve got all of the team answering the phones. The first two days of sales have been incredible, it’s really a blessing to be able to serve you all again.

You can now go to Vemma.com to access your login to your back office and begin connecting to your customers and Affiliates. Changes with your Auto Delivery orders will not be able to be made until we are connected to our new merchant account.

These are the times I wished I went to school for computer programming. After that, Affiliate websites will be going live over the next few weeks. We thank you for your patience as we work to bring Vemma back to full speed and better than ever! Until then, orders will not be able to be placed online, only through phone or fax.

If I can ask for the Affiliates help, can you please reach out to your customers and team and offer to help them process their orders! You can fax us in your orders or changes at 1-480-927-8901 or call Customer Service at 1-800-577-0777.

This will also be the start of our first-ever Thank You Sale! These savings will automatically be given to your fax and phone orders and even receive the Auto Delivery additional discount if you make it a future Auto Delivery order!

We’ve attached the price list to show you the savings. This would be the perfect opportunity for you to reach out and have a conversation about these new lower prices with the hopes of reactivating some of your former customers and affiliates.

I could really use your help to spread the word Vemma is back and committed to be a better, more focused Wellness Company.


Source - http://bit.ly/1hM3eDP


LifeWave Launches Alavida Skincare
MLMNEXT   2015-10-18 19:04:57   0   0

Health and wellness company LifeWave has launched Alavida, a new range of skin care products that claims to address skin related issues from the inside out.

According to the company, until now, most skincare products have only focused on 50 percent of the problem—treating skin from the outside in with moisturizers, ointments and other topical formulas. By addressing skin care from the inside out and the outside in, LifeWave offers the first solution that addresses 100 percent of the problem.

At the heart of this revolutionary approach is the Company’s patented patch technology. The leading provider in phototherapy patches, LifeWave’s proprietary technology uses light to provide a wide range of health and wellness benefits. After years of research and development, LifeWave scientists have now found a way to apply the healing properties of phototherapy to skincare.

According to LifeWave CEO and Founder, David Schmidt: “Light plays an important role in the health of the human body, and the science of phototherapy has been in use for well over 100 years. So using light to illicit very specific reactions within the body is a highly effective and fast way to improve overall health.”

Using light emitted by the body’s own heat, The Alavida Phototherapy Patch stimulates the skin to specifically help reduce oxidative stress and preserve antioxidants inside the body. So without using any drugs or chemicals, the patch helps promote the regeneration of the skin’s radiance from the inside out.

“We conducted a huge study on the Alavida Phototherapy Patch and all of the markers show a reduction in oxidative stress and free radicals,” says Dr. Thorton Streeter, DSc for the Centre for Biofield Sciences. “This is a fantastic endorsement for LifeWave, a perfect kind of skin care that inspires the body to heal itself.”

Developed with a 30-year cosmetic industry veteran, the Daily Refresh Facial Nectar and Nightly Restore Facial Créme complete the Alavida Regenerating Trio. Both of these topical formulas contain 98.6% naturally-derived, plant-based ingredients and both provide hydrating, anti-aging benefits.

“If you really want to have radiant and beautiful looking skin, you need to first have healthy skin,” says David Schmidt. “With the Alavida Phototherapy patch, you can improve the appearance of your skin, by improving its health from the inside out. Combine that with the Nectar and Crème, which work from the outside in, and you have an entirely new approach to skin care.”

About LifeWave

Founded in 2004, LifeWave is a health technology company with product distribution in over 100 countries. LifeWave’s product line includes patented, proprietary patch technology that provides a myriad of health benefits without the need for drugs, stimulants or needles entering the body. LifeWave also offers a breakthrough, caffeine-free, stimulant-free nutrition line, which produces results within minutes of use. Headquartered in San Diego, California, LifeWave is a privately held company and a member of the Direct Selling Association (DSA).


Source - http://bit.ly/1QIRKgx


A Golden Opportunity to become a Millionaire
moksh   2015-10-10 05:49:22   0   0

Get ready to be a new millionaire in 2016 . 
onecoin become new bitcoin
new crypto coin base business opportunity for 2015
free gold coins in every package
double your coin value in 100 days. World's top earner earning 6,25,000 USD per month . You too can earn .
10% direct
10% binary
5000 euro per day capping
worldwide business growth
mining,live exchange,shopping portal 
please sign up free

 

 

Link:  http://onecoin.eu/signup/oncoinworld

 

Phone :  +91 7207647263 


Ethics And Pyramid Schemes In The MLM Industry: A Response To DSA President Mariano
MLMNEXT   2015-10-04 19:24:28   0   0

Summary

  • Are we losing the meaning of words in pursuit of a business opportunity?
  • Churning recruits; low probability, opaque paths to success; and “consumers of the opportunity”.
  • Trade associations as business ethics enforcers and other fantasies.

Direct Selling Association (DSA) President Mariano's press release regarding my last Seeking Alpha claims that I have shown a "blatant disregard for the facts about DSA and direct selling with little to no accountability for his mis-statements." Descriptors such as "irresponsible mud-slinging" and an attempt to "destroy a retail sales channel" pepper the language. Why should investors care?

With a wet finger in the wind, investors look for clues to future behaviors. For example, should Mariano's comments correctly identify weaknesses in my arguments, DSA assurances regarding its members, such as Herbalife (NYSE:HLF) and others, might be given more weight. Alternatively, evidence showing Mariano's complaints prove spurious and inaccurate may raise serious questions about DSA's ability to speak to the behaviors of its members. Recent news regarding GM (NYSE:GM) ignition switches and VW (OTCQX:VLKAY) exhaust tests serve as a clear warning to investors regarding overly friendly relationships between industries, politicians, and regulators.

Rather than destroy a retail channel, or redefine the meaning of retailing, I argue for positive change. Here I respond to Mariano's comments with detailed support:

1) According to Mariano, I was incorrect in implying that ethics played a role in awarding the 2013 ETHOS Award to Vemma, "no such accolade was ever bestowed…to members for ethics." Actually, this 2013 press release contains the full quote, a portion of which I referenced: "'Receiving a DSA ETHOS Award is a testament to the commitment a company has made to being a model for the highest standards in business practices and ethics," said DSA President Joseph Mariano. 'I congratulate this year's winners on their achievement.' A complete list of 2013 ETHOS Award winners and more information on judging criteria can be found at here."

Notice that: a) the linkage between "the highest standards in business practices and ethics" and the ETHOS Award was created by Mariano himself and b) when you clicked on the link provided you likely get "Error 404." Apparently, something is broken at the DSA. Fortunately, this archived version further describes the DSA view of the Award: "The term ETHOS describes the guiding beliefs or ideals that characterize a community, culture or ideology. Likewise, DSA's slate of awards is designed to identify and promote programs that serve as examples of direct selling done right." And, "Designed to identify and promote programs that serve as examples of direct selling at its best, DSA's slate of awards recognizes programs that help define direct selling as a business that helps people live better lives."

I can see why Mariano would be embarrassed by me sharing more broadly his own and DSA language that explicitly links "ethics" and "direct selling at its best" to the 2013 ETHOS Award given to Vemma. Imagine the joy within Vemma at receiving the award and, according to the FTC, the harm to many thousands of its victims.

2) According to Mariano, I was incorrect in stating the DSA tried to distance itself from FHTM and BurnLounge. He writes: "DSA did not need to do so, because neither company was ever a DSA member," FHTM "did not meet DSA's high standards for membership" (unlike Vemma). And, "DSA embraces the U.S. Appellate Court's decision in the BurnLounge case because it provides useful guidance on what constitutes a pyramid scheme: an emphasis on rewarding salespeople for recruiting additional salespeople instead of for selling products."

As I never said FHTM or BurnLounge were DSA members, I will go directly to why the DSA needs to continually distance itself from any MLM accused of operating a pyramid scheme. Here too Mariano is helpful. The day after the FTC action, Mariano clearly distanced the DSA from FHTM: "Following the Jan. 28 announcement that an enforcement action against Fortune Hi-Tech Marketing (FHTM) is being initiated by the Federal Trade Commission (FTC) and several attorneys general for allegedly operating a pyramid scheme, the Direct Selling Association has received numerous inquiries regarding whether FHTM is a member of the Association. 'FHTM is not a member of DSA,' confirmed President Joe Mariano."

After "numerous inquiries" the DSA quite reasonably wanted to set the record straight. However, the real problem the DSA has is described by Mariano: "'Pyramids are bad guys,' Mariano said. 'Their mere existence confuses the marketplace and makes it more difficult for legitimate direct-selling companies to do business and to be understood.'" According to Mariano, pyramid schemes are so similar to some of his members as to cause likely confusion. Or, as he stated in 2013 "there are a lot of pyramid schemes that like to disguise themselves as legitimate direct-selling companies. That creates an environment where there can be confusion." Until we get much better regulatory clarity and required reporting the DSA will necessarily continue to make similar statements.

[I address the issue of the DSA embracing the BurnLounge court decision below.]

3) According to Mariano, my claim that a former DSA Associate General Council helped defend FHTM and BurnLounge was "entirely false" an "Unfounded accusation," yet he does not refute my evidence, instead providing boilerplate language regarding the DSA and ethics. My piece clearly states that organizations cannot control the action of their former employees. But, as illustrated by sponsors who drop ill-behaved athletes, responsible organizations disavow certain behaviors.

There is no doubt that Mr. Luce assisted BurnLounge (his deposition is available) and no doubt that FHTM tried to use his role as advisor in their defense, presumably with his permission. What makes his defense of these two pyramid schemes interesting is, (per his deposition, given under oath) his ongoing roles, first in a legal capacity "promoting the passage of certain types of consumer protection legislation," and later in shaping DSA policy, serving "on the board of directors," helping draft "amendments to the code of ethics," and chairing a committee "charged with the purpose of amending the code of ethics at that time to include consumers of the opportunity, as well as consumers of the product." Mariano seems disinclined to recognize the connection between the DSA and the attempt to defend the BurnLounge pyramid scheme by one of its long-time members who held numerous leadership roles.

Now about that BurnLounge decision. I take issue with Mariano's use of the word "embrace" to describe the DSA's attitude toward that decision. Specifically, Mariano likes the decision "because it provides useful guidance on what constitutes a pyramid scheme: an emphasis on rewarding salespeople for recruiting additional salespeople instead of for selling products." Notice that he does not say who is buying the products.

For approximately one hundred years direct selling offered an alternative retail channel through which independent representatives retailed products to household consumers. Is the DSA's position that "consumers of a business opportunity" constitute retailing? If so, then: a) imagine all the "consumers" that we now typically call franchisees, and b) these "consumers" are not actually retailers. When distributors buy products for their own consumption the parent MLM is the retailer. In the extreme, MLM distributors operate as agents selling a business opportunity to new agents (who buy some product), who then sell the business opportunity to yet more new agents (who buy some product), in a chain-letter like set of behaviors (e.g., Vemma). Though an MLM company may adopt the language of selling "through" its distributors, the evidence suggests that at least some MLM companies have the goal of simply selling "to" their distributors. By conflating participants of a business opportunity with consumers of a product, the language undercuts the meaning of direct selling, shifts attention away from who is then the actual retailer (i.e., the MLM company) and creates the very real possibility for fraud. Most worrisome here is the DSA's desire "to include consumers of the opportunity," which reveals a lack of explicit concern for distributors actually retailing products to non-distributors, and the willingness of Luce to supply a report and deposition in defense of BurnLounge, ruled by two courts to be a pyramid scheme.

Mariano fails to mention other aspects important to the BurnLounge court. Specifically, the Court agreed with the FTC, "...that BurnLounge's focus was recruitment and that the rewards it paid, in the form of cash bonuses, were primarily for recruitment rather than for sales of merchandise." The court warns against rewards reliant "primarily" on recruitment throughout the document. The court goes on to distinguishes between rewards based on purchases by distributors for their own consumption and sales to non-distributors, concluding, "But it is incorrect to conclude that all rewards paid on these sales were related to the sale of products to ultimate users." Ultimately, the court concluded, "rewards BurnLounge paid for package sales were not tied to the consumer demand for the merchandise." Is the DSA willing to embrace that language as well? Or, does the DSA prefer to redefine retailing as something different, something related to and dependent upon "consumers of the opportunity"?

Rather than repeat here my concerns regarding behaviors in this industry and some firms specifically, investors should carefully consider whether the DSA has authentic capacity to offer any reasonable assurance of the type Mr. Mariano delivers in his press release.

Source - http://bit.ly/1iOyeEb


Eureka Forbes eyes doubling of group revenue by 2019
MLMNEXT   2015-10-04 19:18:33   0   0

Home appliances maker Eureka Forbes aims to double its group revenue by 2019 from the current Rs 3,200 crore with a major shift in strategy from a purely direct sales company to an omni-channel business. “By 2019, we are looking at doubling our group revenues with a shift in strategy to focus on omni-channel,” Senior General Manager (Marketing) Eureka Forbes Shashank Sinha told PTI. “In the last fiscal, our market share was 58 per cent and we aim to increase this to 67 per cent by the end of this fiscal buoyed by retail store sales”, he said.

He pointed out that sales of their water purifier Aquaguard had “quadrupled” since March with its introduction in retail outlets. Besides direct sales, the company is also using e-commerce, tele-booking and in-shop promotions to sell its products, under the omni-channel strategy. Eureka Forbes clocked revenues of Rs 20 crore from the digital route and plans to take the number to Rs 100 crore this year, Sinha said.

The company hopes that by 2019 the new business would contribute about 25 per cent of its revenues. The company is also looking to increase its reach to 25,000 outlets from 18,000 and 1,500 towns by the end of the fiscal. “We are making significant investments on strengthening our customer service and response management”, Sinha said.

“By the end of December, we hope to service 95 per cent of our 15 million odd customers within eight hours of the request”, he added. Parallel to Aquaguard, the company is also in the process of restructuring its air purifiers business changing the brand name from EuroAir to Aeroguard, and introducing a fresh range of products.

Source - http://bit.ly/1jI3QMq


Young Living Essential Oils Admitted as Member to Direct Selling Association
MLMNEXT   2015-10-04 19:11:17   0   0

LEHI, UTAH : Young Living Essential Oils, LC, the world leader in essential oils, today announced its admittance and membership into the Direct Selling Association (DSA). This distinction signifies Young Living’s commitment to maintaining the highest level of compliance standards and ensuring customer satisfaction.
DSA’s extensive application process examines prospective members’ business practices and marketing plans to ensure compliance with its Code of Ethics, which sets high standards for ethics and accountability in the marketplace for direct selling.

“Young Living sets the industry standard for quality products with its Seed to Seal® process, culture, customer service and farms around the world,” said Travis Ogden, Chief Operating Officer. “We are honored DSA recognizes our efforts and ongoing commitment to excellence. We are pleased that our high standards conform with DSA’s Code of Ethics.”

The DSA Code of Ethics represents the interests of both consumers and sellers. It ensures that member companies do not make misleading or dishonest statements to consumers or prospective sales members. The Code of Ethics is enforced by an independent administrator who ensures complaint resolutions are resolved timely and honorably.

“DSA membership signifies to our members, partners and employees that Young Living is committed to the highest standard of excellence and honorable business ethics in our industry,” Ogden said.

About Young Living Essential Oils 

Young Living Essential Oils, LC is the world leader in essential oils with a strict Seed to Seal process to produce pure essential oil products for every individual, family, and lifestyle. This process ensures that all products are genuine, free of synthetic chemicals, and pure. This commitment stems from the company’s twenty years of stewardship towards the earth and its people. For more information, visit: http://www.youngliving.com.

Direct Selling Associatio

The Direct Selling Association (DSA) is the national trade association of the leading firms that manufacture and distribute goods and services sold directly to consumers. Approximately 200 companies are members of the association, including many well-known brand names. The cornerstone of the Association's commitment to ethical business practices and consumer service is its Code of Ethics. Every member company pledges to abide by the Code's standards and procedures as a condition of admission and continuing membership in the Association. For more information, visit: http://www.dsa.org.

Source - http://bit.ly/1WGo7jK