Xango In A Free Fall – Complaints in Russia?
From our reporters in the USA, Russia and Kazakhstan:
The Xango company appears to be in free fall. Right now, the only floors occupied by Xango employees in the USA Home Office is the first floor of building B which houses about 220 employees, down from 600. About a 70% reduction in employees. And the 3rd floor by the founders, international and Beverly’s team.
Dun and Bradstreet, world's leading source of commercial information and insight on businesses downgraded Xango’s credit rating to Class 2 and Xango's Financial Stress rating dropped this week from Class 3 to Class 4, (Class 5 is the lowest) According to D & B: A company's Financial Stress score is an evaluation of the likelihood that a company will go out of business and stop paying its creditors in the next twelve months. The scores assigned to Financial Stress can range from 1 to 5.
A company with a Financial Stress score of 4 is predicted to experience moderate to high Financial Stress in the next year.
Xango has lost a long list of its major distributors and fired much of its Salt Lake City staff. In Russia, Xango was allegedly involved in a cover up of financial wrongdoing that is now flaring into the open as a major public relations disaster. Xango distributors have gone public in complaining about what they say was a fraudulent investment scheme run by the company president, Daniel Laroque.
According to sources here is a partial list of former Xango staff no longer with the company:
- CEO – president of Xango, Robert Conlee.
- Vice president of marketing, Larry MacFarlane.
- Mexican Xango president, Shane Brady.
- Vice president of distributor relations, Scott Smith.
- National Australian director, Ryan Anderson.
- Brian Baxter, director of Russia, Ukraine and Kazakhstan.
- Vice president of product development, Shawn Talbot.
- Director of international markets, Mark Walker.
Likewise most of its star networkers have gone. Former major distributors no longer with the company:
- Pat Petrini
- Cindy Samuelson
- David Butler
- Glen Sparks
- Lennon Ledbetter
- Doug Wead
- Justin Prince
- John Godzich
- Dan Kenison
- Massimo Del Moro
Here is a video of protesters heckling XanGo officials, Aaron Garrity and Daniel Laroque, arriving at an event in Russia. Aaron Garrity is the founder of Xango, Daniel Laroque is the president in twenty countries. There has been some questions about the exact date of the youtube video's, they were posted in July 2012, however other sources indicate they could be older.
Videos and websites coming out of Russia describe Xango leader, Daniel Laroque, as an MLM corporate raider. The accusation is that Mr. Laroque, operating from an offshore company in Malta, has taken over several companies (Ipsum, MIG Art, Vision, Meridian) taking money from the people in the networks.
In the videos below some people are complaining about prison time in Mongolia, where Laroque's networking agents found out too late that they were selling fake art produced on hi quality copy machines.
By the time he took over Meridian Mr. Laroque had allegedly refined his methods. He raised money from his own network people for investments in gold, stock options, an online portal and finally a movie. (MIG Prod).
Below a national television program in Kazakhstan features the greatest movie director in the country attacking Mr. Laroque for unethically using his name to raise money for his movie scheme. Ultimately, the investors were defrauded and allegedly the money, 3 million euros, went into Mr. Laroque's property in the South of France. About 49 seconds into this video there is the picture of Mr. Laroque. The national television journalists warn about fraudulent schemes.
Xango leaders were urged by its new distributors to investigate the fraud and to end the unethical conduct of its leader. Xango employees, including some of its own lawyers reportedly warned against taking on Mr. Laroque. According to an online source, Xango Canadian director, Glen Oliver, who had experience in Russia, was an honest employee who alerted Xango to Mr. Laroque's reputation.
According to sources close to Xango, Glen Oliver was fired the week after his warning to the company and Mr. Laroque was then given power over Europe as well as Russia.
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