Work from Home (expose of Herbalife MLM scam)

How not to buy a brick in a box off the back of a truck.
User avatar
Abdul Alhazred
Posts: 70322
Joined: Mon Jun 07, 2004 1:33 pm
Title: Yes, that one.
Location: Chicago
Has thanked: 3038 times
Been thanked: 1135 times

Work from Home (expose of Herbalife MLM scam)

Post by Abdul Alhazred » Mon Apr 04, 2005 5:13 pm

Long read
http://www.cockeyed.com/workfromhome/wo ... ome_s.html
Cannot post his pics here due to copyright issues.

Sample:
There are about 23,958 of these signs in Sacramento. That is an exaggeration, but they really are everywhere. They are nailed to telephone poles and zip-tied to chain-link fences. There are new designs all the time. All of them have a mysterious lack of information regarding what company or scheme they are promoting.

I was always sure they were promoting a scam, I mean, people with a real money-making opportunity don't have to post it on telephone poles. They guard it with encrypted emails, copyrights and lawyers. I never bothered calling the numbers, although I was curious. When I was working at MCI back in 1998, I learned that all toll-free numbers reveal your phone number when you call them, so I didn't want to call from my home phone. ...
Image "If I turn in a sicko, will I get a reward?"

"Yes! A BIG REWARD!" ====> Click here to turn in a sicko
Any man writes a mission statement spends a night in the box.
-- our mission statement plappendale

User avatar
Nigel
Posts: 7987
Joined: Thu Jun 10, 2004 1:33 am
Location: Brinsby

Post by Nigel » Mon Apr 04, 2005 5:52 pm

That's one hell of an article. Thanks Abdul. Yes, it is long, and I can't vouch for his math regarding the exponential numbers of recruits, but the principle of the thing is something to be commended. Here's a regular shmoe who got tired of seeing these ugly signs around, and did the legwork finding out who was behind it. It won't end up changing the world, but every bit that gets the word out on this kind of crap is worth it.
If you can't laugh, what good are you?

I thought I won't submit this...but who cares...let it roll. -Pillory

User avatar
Anaxagoras
Posts: 21223
Joined: Wed Mar 19, 2008 5:45 am
Location: Yokohama/Tokyo, Japan
Has thanked: 1361 times
Been thanked: 1150 times

Re: Work from Home (expose of Herbalife MLM scam)

Post by Anaxagoras » Fri Jan 24, 2014 9:52 am

A fool thinks himself to be wise, but a wise man knows himself to be a fool.
William Shakespeare

User avatar
Anaxagoras
Posts: 21223
Joined: Wed Mar 19, 2008 5:45 am
Location: Yokohama/Tokyo, Japan
Has thanked: 1361 times
Been thanked: 1150 times

Re: Work from Home (expose of Herbalife MLM scam)

Post by Anaxagoras » Mon Jan 16, 2017 3:21 am

FTC Sends Checks to Nearly 350,000 Victims of Herbalife’s Multi-Level Marketing Scheme
January 10, 2017

The Federal Trade Commission is mailing checks to nearly 350,000 people who lost money running Herbalife businesses. The checks are the result of a July 2016 settlement with the FTC that required Herbalife to pay $200 million and fundamentally restructure its business. This represents one of the largest redress distributions the agency has made in any consumer protection action to date.

“We are pleased to announce that hundreds of thousands of hard-working consumers victimized by Herbalife’s deceptive earnings claims will receive money back,” said Jessica Rich, Director of the agency’s Bureau of Consumer Protection. “Along with changes the company will make to its business structure, this is a win for consumers.”

The FTC used Herbalife’s records to determine who would receive a refund and the amount of each check. Generally, the FTC is providing partial refunds to people who ran an Herbalife business in the United States between 2009 and 2015, and who paid at least $1,000 to Herbalife but got little or nothing back from the company. Most checks are between $100 and $500; the largest checks exceed $9,000.

Also today, the FTC released Redress checks and compliance checks: Lessons from the FTC’s Herbalife and Vemma cases, which, for multi-level marketing companies, provides guidance drawn from the FTC’s cases against Herbalife and Vemma, including four key principles on compliance.
:De_Bunk:
A fool thinks himself to be wise, but a wise man knows himself to be a fool.
William Shakespeare

User avatar
Doctor X
Posts: 67090
Joined: Fri Jun 04, 2004 8:09 pm
Title: Collective Messiah
Location: Your Mom
Has thanked: 3318 times
Been thanked: 2096 times

Re: Work from Home (expose of Herbalife MLM scam)

Post by Doctor X » Mon Jan 16, 2017 3:24 am

I still see Herbalife decals and signs on cars.

I laugh to myself.

--J.D.
Mob of the Mean: Free beanie, cattle-prod and Charley Fan Club!
"Doctor X is just treating you the way he treats everyone--as subhuman crap too dumb to breathe in after you breathe out."--Don
DocX: FTW.--sparks
"Doctor X wins again."--Pyrrho
"Never sorry to make a racist Fucktard cry."--His Humble MagNIfIcence
"It was the criticisms of Doc X, actually, that let me see more clearly how far the hypocrisy had gone."--clarsct
"I'd leave it up to Doctor X who has been a benevolent tyrant so far."--Grammatron
"Indeed you are a river to your people.
Shit. That's going to end up in your sig."--Pyrrho
"Try a twelve step program and accept Doctor X as your High Power."--asthmatic camel
"just like Doc X said." --gnome

WS CHAMPIONS X3!!! NBA CHAMPIONS!! Stanley Cup! SB CHAMPIONS X5!!!!!
2

User avatar
Anaxagoras
Posts: 21223
Joined: Wed Mar 19, 2008 5:45 am
Location: Yokohama/Tokyo, Japan
Has thanked: 1361 times
Been thanked: 1150 times

Re: Work from Home (expose of Herbalife MLM scam)

Post by Anaxagoras » Mon Jan 16, 2017 3:39 am

But good news for Herbalife:

Herbalife Stock Rises After FTC Chairwoman Resigns (HLF)
Federal Trade Commission (FTC) Chairwoman Edith Ramirez, who took leadership of the commission on March 4, 2013, announced on Friday that she will be stepping down from her post effective Feb. 10.

The news, first reported by the New York Post, sent shares of Herbalife Ltd. (HLF) rising as much as 4.5% Friday to a session high of $52.20. The Post noted that Ramirez's departure will leave only two FTC Commissioners – one Democrat and one Republican – on a five-person governing body. (See also: History of the U.S. Federal Trade Commission.)

Investors see this as a positive development for Herbalife, given that Ramirez has been a strong opponent of the multi-level marketing businesses – the type that Herbalife runs. Ramirez was "urged to leave" the panel altogether by the Trump administration and not merely resign as chairwoman, a source told the Post, which noted that she was seen as an antitrust activist given her position to block various mergers, including Office Depot (ODP) and Staples (SPLS).

The new interim FTC Commissioner will be Republican Maureen Ohlhausen, according to the Post, which also said Ramirez's record includes bringing nearly 400 law enforcement actions covering a range of consumer protection issues. One of these actions involves Herbalife, which last year agreed to a $200 million settlement with the FTC involving its dealings with its distributors.
One wonders what the FTC will do under the Trump administration. I guess we'll find out!
A fool thinks himself to be wise, but a wise man knows himself to be a fool.
William Shakespeare

User avatar
Doctor X
Posts: 67090
Joined: Fri Jun 04, 2004 8:09 pm
Title: Collective Messiah
Location: Your Mom
Has thanked: 3318 times
Been thanked: 2096 times

Re: Work from Home (expose of Herbalife MLM scam)

Post by Doctor X » Mon Jan 16, 2017 3:54 am

What are you implying, Anax?

--J.D.
Mob of the Mean: Free beanie, cattle-prod and Charley Fan Club!
"Doctor X is just treating you the way he treats everyone--as subhuman crap too dumb to breathe in after you breathe out."--Don
DocX: FTW.--sparks
"Doctor X wins again."--Pyrrho
"Never sorry to make a racist Fucktard cry."--His Humble MagNIfIcence
"It was the criticisms of Doc X, actually, that let me see more clearly how far the hypocrisy had gone."--clarsct
"I'd leave it up to Doctor X who has been a benevolent tyrant so far."--Grammatron
"Indeed you are a river to your people.
Shit. That's going to end up in your sig."--Pyrrho
"Try a twelve step program and accept Doctor X as your High Power."--asthmatic camel
"just like Doc X said." --gnome

WS CHAMPIONS X3!!! NBA CHAMPIONS!! Stanley Cup! SB CHAMPIONS X5!!!!!
2

User avatar
Witness
Posts: 15993
Joined: Thu Sep 19, 2013 5:50 pm
Has thanked: 1923 times
Been thanked: 2611 times

Re: Work from Home (expose of Herbalife MLM scam)

Post by Witness » Mon Jan 16, 2017 3:57 am

Rejoice, you will get screwed in more than one way. :twisted:

User avatar
Anaxagoras
Posts: 21223
Joined: Wed Mar 19, 2008 5:45 am
Location: Yokohama/Tokyo, Japan
Has thanked: 1361 times
Been thanked: 1150 times

Re: Work from Home (expose of Herbalife MLM scam)

Post by Anaxagoras » Mon Jan 16, 2017 5:14 am

Doctor X wrote:What are you implying, Anax?

--J.D.
Only that apparently, stock traders see this as good news for Herbalife.

Which is why didn't go any farther. Like I said, we'll just have to wait and see what actually happens.

Although generally Republicans have more of a reputation for being laissez faire about regulations, so maybe it's not totally unfounded. Plus things that Trump himself has said (whether they apply specifically to the FTC, or to Herbalife, is another question):

Vowing To Roll Back Regulations, Trump Faces Uphill Task
President-elect Donald Trump says he has a simple goal in mind when it comes to federal regulations. In a video he released Monday, Trump said he "will formulate a rule that says that for every one new regulation, two old regulations must be eliminated. So important."
Two other relevant points:
Trump taps Carl Icahn for regulations busting post
Trump's transition office said Wednesday that activist investor Icahn "will be a leader in helping American entrepreneurs shed job-killing regulations that stifle economic growth."
. . .
"It's time to break free of excessive regulation and let our entrepreneurs do what they do best: create jobs and support communities," Icahn said in the announcement. "President-elect Trump is serious about helping American families, and regulatory reform will be a critical component of making America work again."

Icahn, who has advised Trump on some of the people picked to run regulatory agencies, claims an expertise "in seeing stupid things being done" by government agencies. Icahn says agencies like the Environmental Protection Agency are ruining businesses for no reason.

"I'm not anti regulation. I'm anti the stupidity of some of these regulations and it has just run amok," he told CNN.
And who happens to be a top shareholder in Herbalife?
Herbalife top shareholder Icahn says he may boost stake to half
Icahn, speaking Tuesday at the Delivering Alpha conference conducted by cable channel CNBC, said he is serious enough about the possibility of owning half of Herbalife — up from 21.1 percent now — to discuss it with the Federal Trade Commission.

The agency’s permission is required for an investor to take a major stake in any company.
So, am I wrong?
A fool thinks himself to be wise, but a wise man knows himself to be a fool.
William Shakespeare

User avatar
Doctor X
Posts: 67090
Joined: Fri Jun 04, 2004 8:09 pm
Title: Collective Messiah
Location: Your Mom
Has thanked: 3318 times
Been thanked: 2096 times

Re: Work from Home (expose of Herbalife MLM scam)

Post by Doctor X » Mon Jan 16, 2017 5:19 am

Why do you hate Capitalism, Commie?!

--J.D.
Mob of the Mean: Free beanie, cattle-prod and Charley Fan Club!
"Doctor X is just treating you the way he treats everyone--as subhuman crap too dumb to breathe in after you breathe out."--Don
DocX: FTW.--sparks
"Doctor X wins again."--Pyrrho
"Never sorry to make a racist Fucktard cry."--His Humble MagNIfIcence
"It was the criticisms of Doc X, actually, that let me see more clearly how far the hypocrisy had gone."--clarsct
"I'd leave it up to Doctor X who has been a benevolent tyrant so far."--Grammatron
"Indeed you are a river to your people.
Shit. That's going to end up in your sig."--Pyrrho
"Try a twelve step program and accept Doctor X as your High Power."--asthmatic camel
"just like Doc X said." --gnome

WS CHAMPIONS X3!!! NBA CHAMPIONS!! Stanley Cup! SB CHAMPIONS X5!!!!!
2