While BehindMLM has a
whole section on LaCore Enterprises
, we’ve never actually reviewed Lacore’s first launch; bHip Global.
bHip Global operates in the nutritional supplement MLM niche. The company was founded in 2007 and is based out of Texas in the US.
BehindMLM first came across Terry LaCore back in 2013, as part of our
coverage on Rippln
.
These days LaCore Enterprises are more open about being behind the MLM companies they launch. Back in 2013 LaCore was much more secretive.
Even in 2013, LaCore (right) had been in the MLM industry for a number of years.
in the 1990s LaCore rose to the top distributor for Strategic Telecom Systems
LaCore secured his first MLM executive role as CEO of Netvision and CitiDirect
after that LaCore was appointed first Vice President, and then CEO of Kaire
Towards the late 90s, LaCore eventually wound up at Natural Health Trends Corp.
LaCore’s time at Natural Health Trends Corp came to an end in 2005. Three years later the SEC filed a
related civil enforcement action
.
On September 3, 2008, the Commission filed a civil action in the United States District Court for the Northern District of Texas charging two former officers of Natural Health Trends Corp. of Dallas, Texas, with securities fraud and other violations arising from undisclosed related party transactions from 2001 through 2005.
The defendants are Mark D. Woodburn, of Southlake, Texas, NHT’s former president, director and CFO, and Terry LaCore, of Flower Mound, Texas, the former president of NHT’s chief subsidiary and an NHT director.
According to the complaint, from 2001 through August 2005, NHT’s top distributor paid Woodburn and LaCore, directly and indirectly, approximately $2.5 million in undisclosed payments.
As a result of Woodburn and LaCore’s activities, the complaint continues, NHT failed to disclose, or inadequately disclosed, the related party transactions in periodic filings, registration statements, and proxy statements.
LaCore settled the case in late 2008 for $50,000. As part of the settlement, LaCore was banned from being an Officer or Director of any public company for five years.
I’ll cut to the chase and note that, since then, LaCore hasn’t had any further securities fraud related run-ins.
Two years after leaving NHT and a year before the SEC filed suit, LaCore founded bHip Global in 2007.
LaCore would go on to launch LaCore Enterprises in 2011.
Initially an advertising agency, LaCore Enterprises eventually morphed into a fully-fledged white label MLM factory. The main components of LaCore Enterprises are itself and LaCore Labs.
LaCore Enterprises is the business side of the company, LaCore Labs handles products.
In addition to bHip Global, LaCore Enterprises are behind over a dozen MLM companies – all of which operate in the nutritional supplement niche.
Rippln
saw LaCore try to get back into the wireless MLM niche. Launched in early 2013, by early 2014
Rippln had collapsed
.
LaCore Enterprises has stuck t
🤖 Quick Answer
What is bHip Global and its business model?bHip Global is a nutritional supplement multi-level marketing company founded in 2007 and headquartered in Texas, USA. It represents LaCore Enterprises' initial MLM venture, operating within the competitive nutritional supplement sector before the company became more transparent about its portfolio of launched MLM businesses.
Who is Terry LaCore and what is his background in the MLM industry?
Terry LaCore is an MLM executive with decades of experience in the sector. During the 1990s, he achieved top distributor status at Strategic Telecom Systems. He subsequently held CEO positions at Netvision and CitiDirect, and later served as Vice President before assuming additional executive roles in MLM companies.
When did BehindMLM first document LaCore Enterprises' activities?
BehindMLM initially documented Terry LaCore's activities in
🔗 Related Articles
- Swiss Gold Global Review v2.0: Securities and recruitment
- Sosana Review: Crypto manipulation securities fraud
- Herbalife cops $122 mill criminal fine over fraud in China
- Bitcoiin’s John DeMarr arrested on securities fraud charge
- PM International sues TV2 over pyramid & “sugar powder” claims
