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Work From Home News
TelexFree President Sentenced
James Merrill, former president of TelexFree, was sentenced on March 22 to six years in prison and three years of probation. Merrill pleaded guilty last October to one count of wire fraud conspiracy and eight counts of wire fraud.
Merrill founded TelexFree with business partner Carlos Wanzeler, who is a fugitive living in Brazil.
Merrill's lawyer submitted dozens of written statements from friends and relatives of Merrill, describing a generous, naive man who could not have masterminded a complicated pyramid scheme. Prosecutors said that although Wanzeler was the "prime mover" in the enterprise, Merrill chose not to tell authorities that the company was engaged in fraud and continued to profit from it.
"Despite knowing that Telexfree was a pyramid scheme, Mr. Merrill profited for years at the expense of the hard-working individuals who invested in the fraudulent company," acting U.S. Attorney William D. Weinreb said in a statement.
- Agents Seize Approximately 20 Million in Scheme to Launder TelexFree Funds
- TelexFree President Pleads Guilty
Isagenix Celebrates 15 Years in Business
GILBERT, Ariz. , March 24, 2017 -- Isagenix, a global health and wellness products and solutions company, celebrated a significant milestone Thursday, March 23 . The date marked 15 years that Isagenix has been helping thousands transform their lives across the world. Today, Isagenix is the largest company headquartered in Gilbert, Arizona , with nearly $1 billion in annual sales and a life-to-date cumulative revenue of $5 billion as of March 23 . The company currently operates in 12 countries and will soon launch operations in Europe with the opening of the U.K. market in April.
"Isagenix is not only our business; it is our family," said Kathy Coover , Isagenix owner and executive vice president. "Our customers mean so much to us, and our employees, associates, and vendors work together across the world to make this amazing company succeed. We have come a long way, and we are so grateful for everyone who has been a part of our growth in the past 15 years."
Jim Coover , Isagenix owner and CEO, also commented, "Isagenix is proud to be headquartered in the Town of Gilbert and the State of Arizona . We appreciate the support we have received from this outstanding community, and we look forward to many more years with our Arizona family."
In honor of its crystal anniversary, Isagenix offices celebrated across the globe. Gilbert Mayor Jenn Daniels and Gilbert Chamber of Commerce CEO Kathy Tilque helped Isagenix kick off the celebration, joining the company's owners and employees at their world headquarters to proclaim March 23 as Isagenix Day in Gilbert, Arizona.