The 3 Most Notorious Ponzi Schemes in History

Direct selling companies can often appear to be similar in structure to Ponzi Schemes. The difference being that bona fide multi-level marketing (MLM) companies derive genuine profit from real world sales, whereas Ponzi schemes make no real profit and exist only as long as new investors keep up the payments to earlier investors. Read about 3 infamous examples of what can go wrong for individuals, companies and even countries when investment eggs are all placed in the Ponzi basket.   Source: Hakki Ozmorali, World of Direct Selling Ponzi history

RFA Provides Comprehensive Training In Regulatory Affairs - Late Winter Special! 20% discount on September and October bookings

Are you looking to expand your knowledge or are you new to Australian regulations related to the supply of foods, cosmetics and/or complementary medicines? Then check out the full list of courses we offer on the Robert Forbes & Associates website www.rfaregulatoryaffairs.com/training-courses . There are 20 courses to choose from and any of these can be undertaken either singly or in groups, from within our Glebe, Sydney office, at your office or remotely via Skype. We are offering a special 20% discount on all courses if you enrol in the month of September or October. Contact our training manager Kate Durey This email address is being protected from spambots. You need JavaScript enabled to view it.  to receive the latest information on these training courses at this discount offer. See you in the classroom!

Quote for the month:

“I never liked training, but I said ‘Don’t quit’. Suffer now and live the rest of your life as a champion”   Mohammed Ali

RFA Breaking News

Complementary Medicines (‘Dietary supplements’):

  TGA Warns Against Use of Performance and Image Enhancing Drugs Performance and image enhancing drugs are a diverse group of drugs that some people use with the aim of…

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Foods:

  Australia and New Zealand Ministerial Forum on Food Regulation Communiqué The Australia and New Zealand Ministerial Forum on Food Regulation met on 16 August 2019 to consider a range…

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Cosmetics and TGA Listed Sunscreens

  View: RFA Regulatory Affairs You Tube Video (Cosmetics Regulation)   ACCC Appeals 'Flushable' Wipes Decision The Australian Competition & Consumer Commission has appealed the Federal Court’s decision to dismiss…

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Marketing News:

  The 3 Most Notorious Ponzi Schemes in History Direct selling companies can often appear to be similar in structure to Ponzi Schemes. The difference being that bona fide multi-level…

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Complementary Medicines (‘Dietary supplements’):

  TGA Advises on Updating Medicine Ingredient Names In order to bring the naming of medicine ingredients in line with international standards, the TGA instituted a programme in 2017 to…

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Cosmetics and TGA Listed Sunscreens

  Everything You Ever Wanted to Know About Sunscreens (but were too afraid to ask) This article explains what to look for when choosing a sunscreen, and steps you can…

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