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 Database Publishes Listed Medicine Compliance Review Results To monitor the safety, quality and efficacy of listed medicines and ensure they meet all requirements once they are on the…

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Foods

  Soft Drinks and Junk Foods Forced to Ditch 'Misleading' Energy Labels Soft drink and junk food manufacturers will be forced to remove "misleading" energy icons from labels, in a…

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Cosmetics and TGA Listed Sunscreens

  Sunscreen Chemicals Found in Blood Plasma The results of a study by the US Food and Drug Administration (FDA) were released recently and confirmed concerns raised in a study…

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Marketing News:

  Odd Spot: Dead Monkey in NZ Shipping Container A dead monkey in a shipping container saw biosecurity officers swing into action in Whāngārei, New Zealand. A staff member at BBS…

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Complementary medicines ('Dietary supplements')

  Safety Review of Coumarin in Topical Listed Medicines and Sunscreens Coumarin is a naturally occurring chemical found in several food products such as cinnamon. Coumarin is currently permitted for…

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Foods

  FSANZ Final Report - Review of Food Derived Using New Breeding Techniques Food Standards Australia New Zealand today released the Final Report on its review of food derived using…

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