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...]
PHOENIX — A Peoria man and his affiliated companies have been ordered to pay over $4 million in restitution for allegedly selling unregistered investment contracts to about 400 investors. The Arizona Corporation Commission issued the financial penalty against Jad Morris…[Continue Reading...]
The day Emily Paulson was awarded her new Lexus — gleaming white, topped with a big red bow and a vanity plate reading FREECAR — she was surrounded by more than 100 women with their iPhones aloft, eagerly snapping photos.…[Continue Reading...]
In recent years, multi level marketing (MLM) schemes have spread like wildfire, promising dreams of financial freedom and a flexible work-life balance. Yet, behind the facade of opportunity, lies a sinister reality. MLMs have become a breeding ground for scams,…[Continue Reading...]
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...]
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...]
A new class-action lawsuit alleges that fitness and diet powerhouse Beachbody exploited its workers, leaving more than a quarter of them unpaid. The company, recently rebranded as BODi, “has been able to build its business through unpaid workers for years,”…[Continue Reading...]
Join Beachbody to shed those pounds, help others lose weight, and get rich in the process. That was the Santa Monica, California, fitness company’s sell to attract its fitness coaches, but plaintiffs allege in a class-action lawsuit Monday that they…[Continue Reading...]
Holiday Magic was a company started by William Penn Patrick, who bought into a small makeup brand, dubbed his line Holiday Magic, and began recruiting folks to sell lipstick, blush, powders and creams supposedly made from organic ingredients. For an…[Continue Reading...]
On rare and treasured occasions, a manager can be a close friend to his employees, looking out for and protecting them. But even the best manager’s patience can only be pushed so far before it snaps.The very same happened when…[Continue Reading...]
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