Tag: MLM

FMA slap permanent ban on multi-level marketing firm Validus

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The Financial Markets Authority (FMA) has issued a permanent ban on multi-level marketing firm Validus, after the High Court dismissed the company's appeal. The permanent stop order prohibited US-registered Validus and associated people from repeating "unlawful behaviour that may cause…[Continue Reading...]

Operator of functional coffee MLM hit with permanent injunction, $7.3 million fine

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The former principal of a multilevel marketing organization selling a mushroom-infused coffee has been permanently banned from operating such a business and has been slapped with a $7.3 million fine. A federal court brought the contempt of court ruling against…[Continue Reading...]

MLM Fraud: Three People Arrested in Separate Incidents in Hyderabad

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Hyderabad: The Hyderabad Central Crime Station police nabbed three persons on charges of cheating people in the guise of Multi-level Marketing (MLM) schemes, in separate incidents here on Tuesday. The arrested persons are G.Rajesh Khanna from Bengaluru, Maneesh from Himayathnagar…[Continue Reading...]

Beachbody misclassified coaches as independent contractors, worker alleges in class-action lawsuit

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Dive Brief: The Beachbody Co., a multilevel marketing company that sells workout videos, nutritional supplements and other diet- and wellness-related goods and services, misclassified its sales workforce as independent contractors, a direct sales coach has alleged in California lawsuit According…[Continue Reading...]

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