MLM News

Blog

LifeVantage Recognized as One of Direct Selling Association’s Top 20 Leading Companies

Company Also Ranked 67th in Direct Selling News Global 100

LifeVantage Corporation, has been named as one of Direct Selling Association’s top 20 companies based on 2014 net sales within the United States. In addition to its top 20 ranking by the DSA, LifeVantage has been ranked the 67^th largest direct selling company in the world by Direct Selling News– based on 2014 reported net revenue. This is the fourth consecutive year that LifeVantage has been recognized within the annual DSN Global 100.

The Direct Selling Association is the national trade association for companies that market products and services directly to consumers through an independent, entrepreneurial sales force. LifeVantage has been an active member of the DSA since 2010. Direct Selling News has been serving direct selling and network marketing executives since 2004.

“Congratulations to our Distributor leaders and our corporate staff for achieving this great accomplishment,” said LifeVantage President and Chief Executive Officer Darren Jensen. “It is always a tremendous honor for LifeVantage to be recognized as a leader within our industry. But it is my belief that we have not even begun to scratch the surface of our potential success. I look forward to partnering with our leaders and making LifeVantage one of the great companies in the world.”

About LifeVantage Corporation:

LifeVantage Corporation, is a science based network marketing company dedicated to visionary science that looks to transform health, wellness and anti-aging internally and externally at the cellular level. The company is the maker of Protandim®, the Nrf2 Synergizer® patented dietary supplement, the TrueScience™ Anti-Aging Skin Care Regimen, Canine Health, and the AXIO™ energy product line. LifeVantage was founded in 2003 and is headquartered in Salt Lake City, Utah.

LifeVantage Recognized as One of Direct Selling Association’s Top 20 Leading Companies
EOW to probe if IIFA awards organiser took money from Qnet

#Qnet #IIFA #EOW

According to the complainant, the money spent sponsoring the IIFA awards, belonged to victims of the Qnet scam. He also requested for an investigation into the company’s link with Bollywood.

The Economic Offences Wing (EOW) of the Mumbai police has launched an inquiry into the allegation that Wizcraft International Entertainment Pvt Ltd, which organised the International Indian Film Academy (IIFA) awards, took money from Qnet. The EOW is carrying out an investigation against Qnet for its alleged involvment in a Rs406-crore scam.

The complaint was filed by one Gurupreet Singh Anand, alleging that the IIFA platform was being used by QNET to further its scam in India. Anand requested a thorough investigation into the trail of the money that went into the award function.

According to the complainant, the money spent sponsoring the IIFA awards, belonged to victims of the Qnet scam. He also requested for an investigation into the company’s link with Bollywood.

Confirming the development, joint commissioner of police (EOW) Dhananjay Kamlakar said, “We have started an inquiry into the allegations but can’t share details at this point of time.”
Four held in Qnet case

Four persons have been held today for their alleged involvement in the multi-level marketing ‘Qnet’ case, police said.

The four persons, identified as V Bal Reddy, Gautam Desai, Dasari Nagaraju and Cheemakurti Manikanta, were arrested today and Rs 15 lakh, deposited in different bank accounts, were seized from them, district Police Commissioner A

B Venkateswara Rao said.

The accused were nabbed by Economic Offences wing of the Commissionarate and the key person involved in the alleged fraud, Gangadhar from Vijayawada, is absconding and is currently said to be in Dubai, the senior officer said.

The five persons were associated with multi-level international marketing firm Qnet, a company founded by one Vijay Eswaran, a Malaysian citizen based in Hong Kong, in 1998, where the company agents extracted huge money from people by offering them lucrative incentives, he said.

The company also operated in India with other names like ‘Qen’ and ‘Quest, police said.

Eswaran had appointed one Vihan Direct Selling, owned by Gangadhar, as the sole selling company in India, where the firm had assigned some agents to recruit salesmen under the direct selling system.

According to police, the agents had appointed 134 first level salesmen by collecting Rs 1,16,55,000 and another 13,400 second level salesmen were joined by the 134 sales persons.

In the meantime, one of the salesmen suspected company’s activities and lodged a complaint with the police and the four accused were arrested after investigations.

Rao said if necessary, a red corner notice will be issued against Gangadhar.

He said Qnet is facing many charges in the country and some of the cases against the company are pending in courts.

A decade back, the company was involved in a Rs 11 crore case of alleged fraud in Chennai. It has also been facing some cases in Mumbai, the officer said.

Four held in Qnet case
Frame Guidelines to Keep Check on Direct selling

#DirectSelling #MultiLevelMarketing #MLMNews

CHENNAI: In a bid to stop multi-level marketing businesses from cheating people by floating attractive but unviable schemes, the Madras High Court asked the State government to look beyond just prosecuting the offenders and to take preventive measures, including giving appropriate publicity among the public.

The first bench comprising Chief Justice S K Kaul and Justice T S Sivagnanam passed the orders on a PIL moved by V R Othisamy seeking direction to the government to frame appropriate guidelines to prevent and stop MLM in the State.

When the petition came up for hearing, the bench said, “The greed for extracting money without realising the pitfalls has resulted in public being misled into investing in MLM schemes.” Pyramid scheme have not proved to be sustainable.
Enforcement Directorate Attaches Moonlife Teamworks India’s Properties

On friday properties worth of Rs.4.12 crores of Moonlife Teamworks India Private Limited got attached by Enforcement Directorate department at Hyderabad.

The properties belonged to Moonlife Teamworks India Private Limited, its managing director P. Narayanachary and Sri Chandra Farms and Resorts India Limited in a MLM fraud case.

The ED officials, in a press release, stated that the properties were attached under the Prevention of Money Laundering Act.

Investigation revealed that Moonlife company, its managing director and others wrongfully gained Rs. 4.12 crore through multi-level-marketing, dealing in residential plots, they said.
Third Asia-Pacific Wellness Tour launched by Herbalife in Hanoi, Vietnam

HONG KONG, CHINA – Herbalife, a global nutrition company, has announced the launch of its third Asia-Pacific Wellness Tour, which will kick off in Hanoi, Vietnam on 3 April 2015. As part of its continuous effort to raise public awareness of the importance of balanced nutrition as part of a healthy active life in the Asia Pacific region, the latest edition of the Tour will run from 3 to 26 April, with seven Herbalife Nutrition Advisory Board (NAB) members visiting 28 cities in Australia, Cambodia, Hong Kong, India, Indonesia, Japan, Korea, Macau, Malaysia, New Zealand, Philippines, Singapore, Taiwan, Thailand and Vietnam. The Herbalife Nutrition Advisory Board (NAB) is comprised of leading experts in the fields of nutrition and health who help inform, educate and train Independent Herbalife Members and members of the public on the principles of good nutrition and regular physical activity.

Open to medical practitioners, industry partners, sports professionals and the general public, the 2015 Asia-Pacific Wellness Tour will feature a series of seminars led by the Herbalife NAB members. At each of these seminars, the NAB members will address key health and nutrition topics, including rising obesity across the region, brain health and aging, skin health and sports nutrition. The NAB members will also provide practical tips on how selective nutritional intake can go a long way in countering the effects of a wide-range of health issues.

“The past two Asia-Pacific Wellness Tours in 2014 were enthusiastically received, with an attendance of 43,000 across the region. As a result of these events, we have seen a marked increase in awareness on current health trends, and a heightened understanding of the importance of leading a healthy active life among consumers. Through this year’s Tour and the addition of two new NAB members to bring fresh perspectives to the region, we hope to build on the momentum and make a bigger impact on the lives of Asia Pacific consumers through the sharing of practical balanced nutrition tips and positive lifestyle habits to help them live healthier lives,” said Mr William M. Rahn, senior vice president and managing director, Herbalife Asia Pacific.

The Asia-Pacific Wellness Tour returns this year with the addition of two new Herbalife NAB members – Dr. Louis Ignarro and Dr. Chin-Kun Wang. Dr. Ignarro is known for his exceptional contributions to cardiovascular science. His efforts in the discovery of nitric oxide and its range of benefits to the human body was recognized with the award of the Nobel Prize in Physiology or Medicine. Dr. Wang, an expert in metabolism and nutrition, has been focusing his research on human metabolism and the clinical evaluation of nutritional supplements, nutraceuticals, functional foods and herbs. Dr. Ignarro and Dr. Wang will be leading the Tour in Japan and Singapore respectively.

About Herbalife Ltd.
Herbalife is a global nutrition company that has been changing people’s lives with great products since 1980. Our nutrition, weight-management, energy and fitness andpersonal care products are available exclusively to and through dedicated Independent Herbalife Members in more than 90 countries. We are committed to addressing the global obesity epidemic by offering high-quality products, one-on-one coaching with an Independent Herbalife Member and a community that inspires customers to live a healthy, active life.

We support the Herbalife Family Foundation (HFF) and its Casa Herbalife programs to help bring good nutrition to children in need. We also sponsor more than 250 world-class athletes, teams and events around the globe, including Cristiano Ronaldo, the LA Galaxy and champions in many other sports.

The company has over 7,400 employees worldwide, and its shares are traded on the New York Stock Exchange (NYSE: HLF) with net sales of US$5 billion in 2014.

Media Enquiries:
Herbalife Asia Pacific
Daliea Mohamad-Liauw
VP, Corporate Communications, Asia Pacific
DID: +852 3589 2643

Source : sys-con
Direct Selling sector as a retailing medium in India is yet to gain momentum

#DirectSelling #Retail #Amway #Oriflame #Tupperware

The past history of direct marketing dates back to the days, perhaps, when we used to acquire vegetables as well as family products from the cart vendors. Gradually, the principle as a tool of selling gained approval, yet, the section has actually not attained its best position in the country. A closer Look!

Direct selling is a worldwide market, running in over ONE HUNDRED nations, with a market dimension of USD 167 billion. It describes the selling of products and services to the customers, far from a taken care of retail outlet, normally in their residences, work environment etc, via description and demo of the item by direct sellers. (more…)
Three QNet representatives arrested in Mumbai

#Crime #QNetcase #MLM #SayanChatterjee #SameerNaik #AbhinavSharma #arrested

On wednesday, three more representatives of QNet, mlm company allegedly involved in a Rs 425-crore fraud have been arrested from the mumbai city.

The accused arrested are Sayan Chatterjee, Sameer Naik and Abhinav Sharma.

“The accused were produced before a court which remanded them in police custody till January 12,” said N Kapase, Inspector (Economic Offences Wing). (more…)
Alert issued against ponzi mlm schemes by Reserve Bank Of India

#RBI #MLMScam #PonziScheme

Lots of fly by night ponzi mlm schemes have duped millions of investors in India. On Thursday Reserve Bank of India notified investors against MLM companies that promise high returns and run on hefty member subscription fees.

Any break in the chain leads to the collapse of the pyramid, and the members lower down in the pyramid are the ones that are affected the most,” the Reserve Bank of India said in a circular on Thursday.

Multi-level marketing (MLM) is a marketing strategy in which the sales force is compensated not only for sales they generate, but also for the sales of the other salespeople that they recruit. This recruited sales force is referred to as the participant’s “downline”, and can provide multiple levels of compensation.

source: indiainfoline
NMart properties attached by Andhra Pradesh CID

#AndharaPradesh #CID #CorporateFraudsWatch #CrimeInvestigationDepartment #KolliRaghuramReddy #GopalSinghShekhawat

In a fresh move, Surat based mlm company NMart’s properties got attached by the Andhara Pradesh CID. In total, fixed deposits of 2,61 crore and properties worth of Rs. 9.27 crore were attached in the process by the AP, Crime Investigation Department. (more…)

Blog

Company Also Ranked 67th in Direct Selling News Global 100