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Cryp Trade Capital Review: 361% annual crypto trading ROI?

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Cryp Trade Capital provide no information on their website about who owns or runs the business. The Cryp Trade Capital website domain (“cryp.trade”) was privately registered on August 1st, 2016. The company does provide an incorporation document dated December 20th, 2016, purportedly showing incorporation for “Cryp Trade Capital Holding SL” through Spain’s Agencia Tributaria. The [Continue reading…]

Source: Cryp Trade Capital Review: 361% annual crypto trading ROI?

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5Linx co-founders arrested, criminal charges filed

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The beef between 5Linx’s former CEO Craig Jerabeck and former partners Jason Guck and Jeb Tyler has escalated, following criminal charges filed by the DOJ. Arrest warrants were issued for Jerabeck, Guck, Tyler earlier this week, in conjunction with a criminal complaint filed on March 21st. Back in January it was revealed Guck and Tyler, through 5Linx, [Continue reading…]

Source: 5Linx co-founders arrested, criminal charges filed

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SEC sues Keith Laggos for promoting Zeek Rewards Ponzi scheme

Keith Laggos was involved with Zeek Rewards almost from inception. Laggos joined Zeek Rewards as a paid consultant around June 2011 and shortly after, the company switched from guaranteeing a 125% ROI on every bid purchased, to paying a variable ROI over 90 days. Laggos publicly credited himself as the prime instigator of the change [Continue reading…]

Source: SEC sues Keith Laggos for promoting Zeek Rewards Ponzi scheme

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5Linx Partners Charged With Cheating Investors

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The original partners of 5Linx, once one of Rochester’s fastest growing companies, cheated investors out of more than $4 million, federal authorities allege according to an article in the Democrat & Chronicle.

The illegally gained money could be as much as $11 million, court papers allege.

The three partners — Craig Jerabeck, Jason Guck and Jeb Tyler — were charged today in federal court with defrauding investors between 2009 and 2015. The three were released on bond of $100,000 a piece.

5Linx was once a highly successful network marketing company, with products ranging from nutritional supplements to wireless security systems. However, there have been clear strains in recent years between past and current 5Linx management.

The Democrat and Chronicle previously reported on allegations in a lawsuit against Jerabeck, who had left the company.

Jerabeck was accused of stealing company employees when he went to a new venture. Guck and Tyler responded, claiming Jerabeck lied to would-be lenders about the financial stability of 5Linx.

“Jerabeck, Tyler, and Guck engaged in a scheme to defraud investors by causing millions of dollars to be diverted from 5LINX into their own personal bank accounts or onto their debit cards without the knowledge or approval of the investors”

Assistant U.S. Attorney Craig Gestring stated in a news release.

An affidavit from FBI Special Agent Kristin Gibson alleges that the three engaged in fraud by:

• Establishing shell companies to illegally divert company revenues to themselves.

• Funneling bonuses to themselves illegally.

• Directing employees to adjust computer codes so Tyler received money above that to which he was entitled.

Attorney Matthew Parrinello, who represents Tyler, said lawyers are waiting for thousands of pages of evidence from federal prosecutors. He said additional compensation may be justified under the employment contracts the three worked under.

Parrinello also questioned why federal authorities arrested the three on Thursday morning. The investigation has been ongoing for months, and the three would have willingly turned themselves in, he said.

Noting that the accused have substantial assets, U.S. Magistrate Judge Jonathan Feldman released the three on $100,000 bond apiece. They also have to surrender passports and firearms.

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Avon General Counsel And Compliance Chief Set To Retire

 

Avon Products is on the hunt for a new general counsel and chief ethics and compliance officer.

The man who currently holds those titles, Jeff Benjamin, is retiring from the beauty company. He will step down when Avon names a successor. Benjamin came on board in 2012, as the cosmetics maker faced a federal investigation into bribery allegations related to its China business.

The charges were settled in 2014, with Avon agreeing to pay a total of $135 million to the U.S. Department of Justice and the Securities and Exchange Commission.

“With the announcement of Jeff’s retirement, in the coming months we will be working to ensure a smooth transition to a new General Counsel & Chief Ethics and Compliance Officer,” said Sheri McCoy, Avon Products CEO. “I would like to thank Jeff for his counsel and support throughout the past four and a half years, and I wish him and his family good health and happiness.”

Before joining Avon, Benjamin spent 37 years with Novartis Corp., the U.S. division of Swiss drug maker Novartis AG, taking on a variety of general counsel roles. He also held the position of chief ethics and compliance officer at Novartis beginning in 1997.

Benjamin’s successor will join the Avon Products team in the United Kingdom, where the company transitioned its corporate headquarters earlier this year. The move is part of a three-year plan to reverse declining sales at the beauty company, which recently spun off its North American business in a deal with private equity firm Cerberus Capital Management.

About Avon Products, Inc.

Avon is the company that for more than 125 years has stood for beauty, innovation, optimism and, above all, for women. With nearly $9 billion in annual revenue, Avon products are sold through 6 million active independent Avon Sales Representatives worldwide.

Avon products include color cosmetics, skincare, fragrance, and fashion and home, featuring such well-recognized brand names as Avon Color, ANEW, Avon Care, Skin-So-Soft, and Advance Techniques.

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Herbalife Family Foundation Raises $1.7 Million For Youth Worldwide

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The Herbalife Family Foundation (HFF), a U.S. non-profit corporation dedicated to improving children’s lives by helping organizations provide healthy nutrition to vulnerable youth, announced it raised $1.7 million to support Casa Herbalife programs around the world.

The monies raised were donated by employees and independent distributors attending an annual fundraising event held during their annual meeting, this year in Charlotte, North Carolina.

“I am always touched and amazed by the financial and volunteering generosity demonstrated by our employees and our independent distributors,” said Jenny Perez, director of the Herbalife Family Foundation. “The money raised tonight and throughout the year by the Herbalife Family Foundation supports organizations around the world that are dedicated to improving children’s lives.”

The Casa Herbalife Program, established in 2005, helps bring good nutrition to children living in orphanages, using after school centers, and other non-profit facilities around the world tasked with helping underserved young people. In addition to the annual financial grants made by the Herbalife Family Foundation, the organizations receive local financial and volunteer support from independent Herbalife Nutrition distributors, as well as Herbalife Nutrition employees.

In 2016, the program provided more than $2.7 million in funding and volunteer assistance to more than 130 programs in more than 50 countries. These funds bring nutrition to more than 100,000 children in 50 countries on a daily basis.

In 2016, Herbalife Nutrition employees volunteered more than 2,670 hours in their local communities.

About Herbalife Family Foundation

Herbalife Family Foundation (HFF) is a U.S. non-profit corporation devoted to providing good nutrition and nutrition education to the world’s children. HFF supports over 130 programs, promoting children’s healthy growth and development every day. We are committed to ensuring children are provided with good nutrition for a brighter future. HFF also often supports relief efforts in response to natural disasters.

About Herbalife:

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 and personal care products are available exclusively to and through dedicated Herbalife Independent Members in more than 90 countries.

We are committed to fighting the worldwide problems of poor nutrition and obesity by offering high-quality products, one-on-one coaching with an 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 190 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 8,000 employees worldwide, and its shares are traded on the New York Stock Exchange (NYSE: HLF) with net sales of $4.5 billion in 2015.

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