Many distributors comment on this website that because a great organization like Ernst and Young gave Dallin Larsen an Entrepreneur Of The Year award, MonaVie must be a great product. However, on closer examination that couldn’t be further from the truth.
If you read the Ernst and Young article you start to see how the claim unravels. For instance it mentions that he has been “honing his business acumen since grade school”, which seems like glowing praise, but it ignores the audio of the illegal medical claims he made in his fireside chats when with Royal Tongan Limu juice (sound familiar to MonaVie – it should). This lead to Royal Tongan Limu’s closure by the FTC and DOJ. How Ernst and Young missed this clear evidence is testament that Ernst and Young dropped on the ball on this one.
The explanation is simple, every company makes mistakes. Microsoft had Microsoft Bob. Ernst and Young has it’s Dallin Larsen as an Entrepreneur of the Year. It happens…
… or does it? Let’s dig a little deeper and see what else we can find…
Methodology for Choosing Entrepreneur of the Year
If you look at the FAQ for how an Entrepreneur of the Year is chosen we get a lot of information:
“Who are the judges?
The regional and national panels of judges include entrepreneurs and prominent leaders from academia, business, and the media…. Each independent panel of judges is allowed complete discretion in determining categories and award recipients.”
So, in short, we know that Ernst and Young only appointed judges, they did not endorse and do not endorse Dallin Larsen. It is very possible that Ernst and Young could completely disapprove of the winner, but have to award it anyway, since the panel of the judges made the decision. Furthermore, by setting it up the judging by regions, MonaVie gets the advantage of votes from other multi-level marketing companies that are traditionally focused in Utah.
By not knowing who the panel of judges are, we really can’t tell if there was bias involved in the judging or not. We don’t even know what criteria they used to make their decision.
Was Dallin Larsen really awarded Entrepreneur of the Year?
No, he was voted Emerging Entrepreneur of the Year. It was Tom Adams, President & CEO, Rosetta Stone Inc. who was Entrepreneur of the Year (see article above). If a MonaVie distributor tries to tell you Dallin Larsen was Entrepreneur of the Year, the distributor is trying to mislead you.
Should Dallin Larsen have been awarded Emerging Entrepreneur of the Year?
Perhaps he should have been awarded Emerging Entrepreneur of the Year. Let’s look at what he has accomplished:
- He has conned people into paying a $45 retail price for a juice that lacks the nutrition of a $4 juice.
- He has conned the 99.64% of the ENTIRE MonaVie sales to work hard at selling the product when while they LOSE money.
- This sales force is so brainwashed, that they even threaten to kill people like me who point out the above two facts.
I could probably add a few more bullet points, but I think that gets the message across. Let’s give a little credit to the guy where credit is due. Dallin Larsen rakes in millions while consumers of the juice and salesman of the juice lose. Shame on the consumers and salesmen of MonaVie.
I don’t know how I missed this before. Anyway, Anonymous Aussie in the comments points out that there are a couple of other proven scammers who have won the Ernst and Young award:
“Let’s consider Stein Bagger, former CEO of IT Factory â€“ awarded Danish Entrepreneur of the Year in 2008 by Ernst and Young.
Following his award, this young â€œentrepreneurâ€ subsequently declared bankruptcy, was found to have falsified his credentials, was charged with forgery and was also convicted of fraud! He was sentenced to 7 years imprisonment on June 11, 2009 after it was found that his company was operating like a ponzi scheme â€“ he had been forging large sales orders thus creating fictional revenue.
The scam which defrauded banks and private investors to the tune of US $225 billion is considered the biggest most recent scam in Denmark’s history!
This isn’t a once off â€œmistakeâ€ either â€“ take Byrraju Ramalinga Raju who was awarded Ernst & Young Entrepreneur of the Year Services Award 1999 AND Ernst & Young Entrepreneur of the Year 2007.
This scammer founded Satyam Computers but was subsequently forced to resign from the board in 2009 after admitting to corporate fraud whereby he’d cheated 6 million shareholders out of US $1.5 billion, many of which have lost their entire life savings.”
Let’s not credit Ernst and Young’s awards as a guarantee of good character or business acumen.
Originally posted 2010-09-08 10:00:46. Republished by Blog Post PromoterThe above article is intended to be accurate at the time of its original posting. MonaVie may change its pricing, product, or other policies at any time without notice.
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