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Of the two main UK companies, Kleeneze the brand name and IP was bought by a large company who is using it on the high street to sell cleaning products such as brushes, dustpans and similar items.
A lot of the Kleeneze distributors split off into various other networking companies such as Avon and Oriflame although the original UK MD set up his own company and a number of people including myself joined that. 3 years later we are still going and IMO getting better all the time, but I'm biased.
Betterware the 2nd UK company, again someone bought the IP and set up their own catalogue company although they seem to have recently decided to change it from a catalogue company to mainly working online with only small special catalogues being printed. Personally I much prefer to work with catalogues but everyone to their own. I'm probably old fashioned.
No idea on Agel, the Australian Spice Company or the other UK company sorry, but as far as I am aware they are still shut down and probably never going to return.
Sorry for the delay replying haven't been on here in a while, Longaberger was sold from bankruptcy to Xcel Brands and relaunched, they sell various high prices products now not just baskets. It's nothing to do with the Rochons or JRJR33 ant more.
https://en.wikipedia.org/wiki/The_Longaberger_Company
https://longaberger.com/
I have just been told about this on a facebook group, very interesting, this is the only post I have found so far so i will keep looking and try to find more details. $3.2 million between 6 of them and it states no more action can be taken against them, which is the only downside.
https://behindmlm.com/companies/jrjr33-executives-settle-fraud-with-trustee-for-3-2-million/#more-70498
Off topic but a number of former Kleeneze distributors are spamming people about CashFX, tellling everyone who will listen it's massive and they have taken out thousands of pounds, well they have stopped paying out now, it looks like they are about to collapse.
https://behindmlm.com/companies/cashfx-group/cashfx-group-disables-withdrawals-ahead-of-shopping-season/
Racial discrimination that's a new one, the MD of Kleeneze and then Betterware in the UK was of asian origin so I can't see that getting anywhere but who knows.
I haven't been on here in a while, I have a few google alerts on the Rochon's and JRJR etc. that's usually where I find any interesting stories but nothing has come up for a while.
The following is the only recent one I've seen:
https://www.xycinews.com/jrjr33-and-youngevity-settle-spice-jazz-fraud-lawsuit/
Personally I can't see any company were they to receive an offer from Senior being even the slightest bit interested. They only need to do a little bit of research on him and they will see what he did to all the companies he bought. They only need to contact a couple of the former company directors, which should be easy to do, to get the story on what the Rochon's actually did whilst they owned those companies, rather than his story and surely they would run a mile from him.
It's all over the internet about the Rochon family so unless they are absolutely desperate or Rochon suggests he will share his ill gotten gains with any struggling company directors I can't see it. He would be better off retiring to some Caribbean Island with his money that he has allegedly hidden in Russia or other offshore tax havens.
From what I understand the sisters are effectively skint, so IF true I suppose your principles are ignored if you can't pay the bills.
If I remember correctly the original sale of Longaberger was partly or fully paid for in JrJr shares rather than cash, so unless they sold them all, which they may not have been allowed to do so, they are now worthless.
It must have cost a fortune to take the Rochons / JrJr33 to court and even though they won, with the company going bankrupt I presume they will be at the back of the long list of creditors and have no chance of getting their costs paid, so presumably they have had to pay their side of the costs themselves.
Therefore the speculation and I'm not saying it's true, is one of if not both sisters had to do a deal to become the public face of XCel / Longaberger.
Unfortunately it doesn't surprise me, from what I have seen the products Excel Brands are selling are overpriced and easily found cheaper elsewhere.
I suspect the court / lawyer fees they would have to pay have probably caused their financial problems. They would be left with all the costs of their side of the legal case even though they effectively won, as JRJR and all the other companies that Senior owned went bankrupt.
Meanwhile Rochon may allegedly have money squirreled away abroad seeing as he has links to Companies as far away as Russia.
So it seems JGB Collateral appealed against the earlier court decision not to allow them to repossess and sell Rochon Senior's house and they won.
https://www.thelawyersdaily.ca/articles/20246/judge-made-several-errors-in-finding-undue-influence-in-loan-transaction-rules-appeal-court
Bishop was sentenced to 8 years in prison if you look at the top of this page below "crime" it tells you the category. I'm not sure if we can say what it was on a public forum.
https://www.texastribune.org/library/data/texas-prisons/inmates/michael-arthur-bishop/1221155/
So interesting news, it seems the Trustees of Longaberger have filed an Adversary Complaint against the Rochon's and all the previous directors of JrJr33 for "Thorough self dealing, gross incompetence and gross mismanagement, John P Rochon, with the help of his children, pillaged and decimated more than a dozen companies under his control. Exorbitant insider management fees and expenses destroyed any significant asset value of the Debtors and their affiliates........"
It includes Michael Bishop who allegedly filed a lawsuit against JrJr33 himself for $1 million. The interesting thing is Bishop is currently incarcerated in a Texas jail.
I suspect the Rochon's will still get away with it and this will fail but hopefully not.
So interesting news, it seems the Trustees of Longaberger have filed an Adversary Complaint against the Rochon's and all the previous directors of JrJr33 for "Thorough self dealing, gross incompetence and gross mismanagement, John P Rochon, with the help of his children, pillaged and decimated more than a dozen companies under his control. Exorbitant insider management fees and expenses destroyed any significant asset value of the Debtors and their affiliates........"
It includes Michael Bishop who allegedly filed a lawsuit against JrJr33 himself for $1 million. The interesting thing is Bishop is currently incarcerated in a Texas jail.
I suspect the Rochon's will still get away with it and this will fail but hopefully not.
So interesting news, it seems the Trustees of Longaberger have filed a lawsuit against the Rochon's and all the previous directors of JrJr33 for
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?.-85 32 1;5 54136> .0B 1;5/6 .22/-/.15 including Michael Bishop who allegedly filed a lawsuit against JrJr33 himself for $1 million. The interesting thing is Bishop is currently incarcerated in a Texas jail.
At one stage I would have said yes they will be back but it's looking like maybe they pi...d off to many people this time because they still have to hide their profiles from the public even after all this time.
I think it was Junior who recently popped up on LinkedIn and he didn't last long before disappearing again from all the abuse he got.
So I have no idea, maybe they are up to something on the quiet or maybe they have decided they have enough money stashed away in the tax havens / Russia to tide them over for now, who knows.
I think it's Senior who comes up with the ideas anyway.
Rochon Senior has got to keep at least one of his houses, the one in Ontario County, after JGB Collateral tried to repossess it as part of the bankruptcy. It was in his wife's name only and the judge decided she signed the loan documents under "undue influence" and didn't know what she was signing.
Details here, you may need to register, if so there is nothing to say you have to put your details.
https://www.thelawyersdaily.ca/business/articles/14853/commercial-lender-won-t-get-woman-s-home-undue-influence-in-agreement-court-finds
Cheers for the post Following JR, the real owners are the Rochon's unfortunately not the hedge funds etc., they were just secured or unsecured creditors. Senior and his companies own 56.94% of the shares and Junior 13.45%, so as they own 70%+ of the shares they don't need to ask any of the other shareholders permission to do it. Quite why they are doing it who knows, I would guess it sounds like Senior is going to start up again using the CVSL name!!
This is in the full report on the JrJr website SEC filings section "The purpose of the name change is to better align the Company’s name with its current business model and to rebrand the Company in anticipation of the completion of a Chapter 11 reorganization under the United States Bankruptcy Code, which the Company initiated on June 23, 2018."
Found a bit more details taken from here:
https://seekingalpha.com/filing/3735142
In connection with the Company’s obligations under the Notes, the Company and its domestic subsidiaries and certain foreign subsidiaries (collectively, the “ Subsidiaries ”) entered into a Security Agreement with the Purchasers and JGB Collateral, LLC (the “ Security Agreement ”) on October 19, 2017, pursuant to which the Company and the Subsidiaries granted a lien on all assets of the Company, subject to certain existing security interests (the “ Collateral ”), for the benefit of the Purchasers, to secure the Company’s obligations under the Notes...................... Each of the Subsidiaries has guaranteed all of the Company's obligations under the Notes pursuant to the terms of a Subsidiary Guarantee, entered into by the Subsidiaries on October 19, 2017 (the Subsidiary Guarantee). John Rochon, the Company's Chief Executive Officer and President and his wife each provided a personal guaranty of certain assets, including real property interests, to guarantee the Company's obligations under the Notes.
I still can't find an address for the property / properties but I don't think it was in Dallas or even Texas but I may be wrong.
Thanks James, I haven't found the details of the house being put up as collateral so far, so maybe I was mistaken but I am still sure I saw it somewhere. There were reports the Rochon's have moved back to Canada, I have no proof of this though seeing as they have deleted all their social media accounts. I do know they were kicked out of / left the JrJr offices and penthouse suite where they were living, as it's up for rent again. All the different businesses were put up as collateral including Trillium Pond which was used to buy Kleeneze and Betterware.
You may be correct, I just remember reading through the documents filed and noticed there was at least one house put up as collateral. All the US businesses owned by JrJr were also put up as collateral as well so maybe the hedge fund decided that was enough? We all know what senior's and the dodgy accountants BS valuations of the businesses were so maybe they thought they were quid's in. I think the document is linked further back in the thread so I'll see if I can find it.
Cheers for trying James it doesn't work for me, maybe you can give the case number and I may be able to find it that way, Pete.
Re the loan by the hedge fund, from what I remember when the loan was signed and the T+C's were put on the JrJr website the loan was secured on one of Senior's houses so it looks like he will lose that, what a shame!!
Can someone tell me where you can view the full filing please, I was hoping they would have to put it on the JrJr website but they haven't, I presume it will be on the court website but which?
It was always going to end this way Josh, there were virtually no companies left still trading in the group so how could JrJr earn any money.
There was no way they were ever going to pay Tami a cent of what she was owed.
Any money they still have you can almost guarantee will have been stashed away in the Swiss bank accounts or Russian Company's accounts.
Following JR, Senior did have to put a house up as collateral for the final $5 miilion loan so presumably he may lose that. Maybe that's why Longaberger hasn't officially gone bankrupt yet, because he is trying to find a way to keep his house?
ty7 how are they going to make these massive profits? Almost all the companies they own are now closed so they have no one to sell any goods and therefore make any profits. How are they going to make profits, magic them out of thin air? Actually from what I know of the Rochons they may well do so, that's where their figures seem to come from.
Anyone who is considering selling their struggling business to the Rochons will see what has happened to the previous ones they bought and back off quickly. Not only will they know the Rochons will strip the company of anything not tied down but they will NOT pay what they owe for buying the company in the first place.
You can also guarantee that all the people who have lost their income will be hounding the Rochons and making sure any company that even considers doing business with them will be told all about the Rochons past and exactly what they do when they buy a business.
Cheers Josh Taeger and wiretransfergcc, I've just looked and the judgement is online on the Franklin County Clerk of Courts website. If anyone else wants the details you can view the Tami Longaberger arbitration documents by going to the Franklin County Ohio Clerk Of Courts online resources Website.
This is the case number, 18 CV 001483
Look at any of the the Exhibits with a pdf file filed 04/27/18.
It is a 4 page document.
Latest on the Longaberger / JrJr law suit by the sisters.
https://www.bizjournals.com/columbus/news/2018/04/18/longaberger-sisters-lawsuits-against-new-company.html
To Xrouter, I don't know you Xrouter but I would love to know how you think JrJr can now be profitable, just do some research into the companies that are left that they own.
There are none left in a decent state, the only ones still trading are Longaberger, Tomboy Tools and Paperly.
Longaberger has struggled for years ever since being taken over by CVSL as it was then called, now JrJr, it could very well go the same way as Kleeneze + Betterware soon.
Agel has closed down although the Rochon's have not said anything in public however there are numerous posts on social media from agents going back months wanting to know when they can buy stock, however the former owner Michael Bishop has launched a law suit against them for $1 million+ and has closed the factories that he still owns, so they cannot produce any products.
My Secret Kitchen and Your Inspiration at Home both closed well over 12 months ago and UpperCase Living's website has been "down for maintenance" for months, the last time it was crawled by the wayback machine was 8th October 2017, so it's possibly been "down for maintenance" for 7 months, if they can't sell products on their own website where else do they sell it?
So Longaberger, Tomboy Tools and Paperly are the only businesses now left trading the rest are closed down or in adminstration.
If JrJr have no businesses left to sell products they have no earnings and cannot be profitable.
Someone asked what's left so here is a list of the companies they own taken from the JrJr website:
Kleeneze in administration
Betterware in administration
Longaberger in trouble and probably the next to go.
Tomboy Tools has a rubbish website that I could do better, I doubt they sell much on there.
Agel also effectively closed.
My Secret Kitchen shut down long since
Paperly don't know much about them but only a tiny company from what I understand and finally
Upper Case Living again I don't know much about them but their website is "down for maintenance" so i suspect they have effectively closed as well.
So as Gold says on the yahoo forum the Rochon's are a bunch of conmen and I cant see JrJr as a whole lasting much longer, no doubt the Rochon's will find some other poor companies to feed off though when they finally shut this one down.
Kleeneze one of the companies JrJr bought has gone into administration today. I guess that's another to add to the list of companies the Rochon's have successfully turned round after buying.
http://www.bbc.co.uk/news/business-43746835
Following JR it's on the front page of the investor relations page of the jrjrnetworks website, named conference call - April 6th 2018.
Josh Taeger that's the way I heard it as well.
Thanks wiretransfergcc, I have read about what they have actually done and the numerous things they allegedly were told versus the truth before but it's always good to read about it in a legal form.
wiretransferfcc do you have a link where we can read these documents please? Thanks.