Overpriced juice and self care products? How unique! =[

https://www.google.com/?gws_rd=ssl#q=Monson%2C+implant%2C+confidential+surgery%2C+LDS+leader

I recall a founding salesman who bore his testimony about Mona-Vie in a 2013 Sacrament meeting. He was reprimanded, but still you can view it on YouTube.

"dramatic crash that will wipe out all shareholder value in the South Jordan company. "


How many mormons will lose their homes ?

I love the comments from the Tribune readers. You'd think that people in Utah, and yes I'm gonna say it, Mormons would know better by now.

They probably listened to the still small voice telling them to buy into it.

haha. Silly company. Serves them right.

How many more to go? I bet the bosses made out like bandits though.

From the article:

"The lawsuit was filed on behalf of employees who were part of the ESOP [employee stock ownership program]. The proposed class action lawsuit says MonaVie principals sold shares valued at $186 million to an ESOP they had created in 2010 but that the company shares quickly fell nearly 100 percent in value."

The scammers keep on going in Utah. Unfortunately innocent people are hurt. Greed is often the starting point for innocent people hoping for easy money and the scammers take advantage of church membership or affinity fraud with the promise of wealth.

" From its start in 2005, MonaVie grew to $854 million in revenue in 2008 and had recruited 1 million distributors, Larsen said at the time."

Math, people. That's revenue of $854 per distributor. Not much.

It's kinda like politicians "over '10' years we save/it costs X..."

Nothing would make me happier than to see all Utah MLM companies fold up and move -- to the 3rd world countries they rip off!

Yes, especially the Morg

Him. I have a nephew who does computer support there. Unemployed again, I guess.

for Nature's Sunshine Products.

I'd check to see if they're still in business but I just don't care.

A Mormon friend was going to make his fortune from this company and tired to get me into it. I begged off. Wonder what he lost.

Ha. My friend bought into that several years ago. Now it's some miracle vitamin that's supposed to fix all mental issues.

for fastest growing companies in Utah, just a couple of years ago. MonaVie took one of the top awards. I think a couple of the other top 5 awards went to multi-level marketing companies as well.

It's amazing to me how quickly these companies rise and fall in Utah. At the time I predicted they would disappear quickly, based only on the type of business they are. Meanwhile, the company I attended with continues to grow, but more slowly.

When will people learn that you can't build a reliable business based on pumping individuals to buy stuff from you, and then selling it to their friends, who also live in your insular (Mormon) network?