Seeking Alpha

Ackman profiles another Herbalife "perpetrator"

  • Today's Herbalife (HLF -1.3%) success story for Bill Ackman to take aim at is Founder Circle Member Leslie Stanford. Stanford served on Herbalife's board from 2002-05 and owned 1.33M shares of company stock as of the end of September 2005.
  • No surprise, Ackman makes the case that Stanford's success is from recruiting others into the Herbalife "scheme," not from moving product.
Comments (61)
  • Quoth the Raven
    , contributor
    Comments (1820) | Send Message
     
    Ackman is systematically dismantling this company one ugly truth at a time.
    12 Feb, 11:31 AM Reply Like
  • barttart
    , contributor
    Comments (29) | Send Message
     
    How so? Seems to me the stock is doing GREAT!! He has nothing but pissed off people that tried to sell something they knew nothing about, its a shame I could not be happier with HL
    12 Feb, 11:57 AM Reply Like
  • Mr toolman
    , contributor
    Comments (854) | Send Message
     
    How, by issuing another installment of "Profiles of Famous Distributors? He really wanted to get JFK to reprise his narrator role, but, well you know..... Actually, Ms. Stanford is responsible for a lot of product being sold.
    12 Feb, 01:14 PM Reply Like
  • samd77
    , contributor
    Comment (1) | Send Message
     
    Correction, "one ugly lie" @a time. So many people making money on HLF are not Ackman's best friends, in fact they are not even his only friends. He shorted tons of HLF stocks hoping to make millions, and now he sees the seeds do not ripen.
    12 Feb, 02:02 PM Reply Like
  • K. Herbert
    , contributor
    Comments (749) | Send Message
     
    "How so? Seems to me the stock is doing GREAT!"
    For how much longer? That response is as constructive as yesterdays Herbalife response.
    13 Feb, 08:37 AM Reply Like
  • herbs4mike
    , contributor
    Comments (1914) | Send Message
     
    more institutions just reported jumping on the long side.... then earnings.!!
    13 Feb, 01:32 PM Reply Like
  • K. Herbert
    , contributor
    Comments (749) | Send Message
     
    "more institutions just reported jumping on the long side.... then earnings.!!"
    Doesn't look like it, Morgan Stanley reduced by 4.2 million shares
    Earnings were already pre-announced, expected decline of income for the next quarter - not all that good.
    13 Feb, 01:38 PM Reply Like
  • Rob from NY
    , contributor
    Comments (2) | Send Message
     
    The published stats from Herbalife show just how pathetically small the chances of real success are. I was asked by a friend, several years ago about Herballife. At the presentation she went to there were all sorts of success stories. One thing they don't tell you - 90+% will ultimately not make much money, no less a living.
    12 Feb, 11:57 AM Reply Like
  • Cestlavie
    , contributor
    Comments (114) | Send Message
     
    It takes work and effort to succeed and most will not do that work in anything other than a job.
    15 Mar, 08:42 AM Reply Like
  • gielie
    , contributor
    Comments (4) | Send Message
     
    Admitting being wrong is tough for Ackman. Pride is very dangerous.
    12 Feb, 12:00 PM Reply Like
  • Andrei Volgin
    , contributor
    Comments (584) | Send Message
     
    Probably. But since he is right that Herbalife is a pyramid scheme, there is nothing to admit here.
    12 Feb, 12:03 PM Reply Like
  • Mr toolman
    , contributor
    Comments (854) | Send Message
     
    Andrei, Andrei, Andrei,,,,, when are you going to learn that just because it's your opinion, doesn't make it fact? I've been doing the biz for ~ 10 years now and have lots of satisfied customers.
    12 Feb, 01:16 PM Reply Like
  • K. Herbert
    , contributor
    Comments (749) | Send Message
     
    Mr toolman
    "I've been doing the biz for ~ 10 years now and have lots of satisfied customers."
    Ok, let's talk about your successful business.
    How many people in your immediate down line and how many people total in your down line?
    What are the total gross sales of your down line and your personal sales to unaffiliated retail customers.
    How many people get recruited in your down line every year and how many quit.
    what is your net income, the net income of non-supervisor distributors and your down-line supervisor distributors.
    I keep hearing how all the evidence presented by Ackman is just "opinion", but I see no evidence to refute any of Ackman's claims by any distributor or the company. Why is that? Why does the business model have to be so secretive? Only information that could be beneficial to an ongoing pyramid scheme is released. Weird or telling?
    13 Feb, 08:48 AM Reply Like
  • herbs4mike
    , contributor
    Comments (1914) | Send Message
     
    If Ackman is right then why has he changed his strategy..... cause he knows Shane was wrong. Shane was totally busted out by fusion research right here on SA just about 1 year ago. And I witessed it all. Ackman knows the FTC won't act on his supplication because he now knows Herbalife is within the limits of the law by a long ways. So he will try his plan 'B' to destroy Herbalife's sales and reputation with his distributor attacks. But it wont work..... why? Cause too many people getting results on the products. And Product results will continue to drive herbalife's sales. and more institutional investors are jumping on board..... The short squeeze is coming, and I can't wait.
    13 Feb, 01:41 PM Reply Like
  • herbs4mike
    , contributor
    Comments (1914) | Send Message
     
    @herbert, yeah... so secretive..... you can only google it to see it
    13 Feb, 01:42 PM Reply Like
  • 50 cent it is
    , contributor
    Comments (1090) | Send Message
     
    Has any truth ever come out of ankle mans mouth?
    It's all nastiness and harmful innuendo and he does it with impunity
    He has become a man you love to hate
    Why doesn't someone sue him for defamation and liable and put him out of his miserableness? A H
    13 Feb, 07:16 PM Reply Like
  • laltha
    , contributor
    Comments (9) | Send Message
     
    Is pyramid scheme is a ponzie scheme ? Just wondering who is right Ackman or Icahn.
    12 Feb, 12:14 PM Reply Like
  • herbs4mike
    , contributor
    Comments (1914) | Send Message
     
    @Rob.... I see you're new to SA with 1 post. I've been distributing for 19 years. And I'll tell you this. Every distributor that wants to make money does. Most members (that is the correct terminology now) don't sign up for the business. Most sign up to get the discount because they are repeat customers. I do it to almost all of my repeat customers. I save them money. they save me time, cause after they are members, I don't have to do everything for them anymore, and I can move on to finding new people that want to lose weight.

     

    As for Ackman singling out Leslie, Leslie sells product. To say that she doesn't is incorrect. She even states when she started Herbalife she needed to make 2 grand in 2 weeks. You can only do that by retailing the products in Herbalife. Signing people up will not get you fast cash in Herbalife, only Retailing the products will.

     

    But I'm convinced that Bill Ackman will do whatever he must (lie, bribe, coerce, etc) to make Shane Dinneen's faulty analysis, and Ackman's lack of DD, and Ackman's bad bet somehow pay off. He knows Herbalife is legal though. He is still playing the "role". But his switch in tactics from attacking the company to attacking the distributors is very telling. He knows Herbalife is within the law. It's just too bad, except for Icahn, Loeb, and everybody who got in around $30, because if Shane would have presented Ackman with the correct research, he wouldn't be out hundreds of millions of dollars. And earning is coming out soon...... You all better be long. On the street, where nobody reads Ackman's propaganda, Herbalife is hot and being bought. And I know this to be true.... Cause I'm here doing and seeing it everyday
    12 Feb, 12:17 PM Reply Like
  • alfanando
    , contributor
    Comments (34) | Send Message
     
    100% with You!... Ackman's is in the "lose" side because The Good and Greatest Things about Herbalife never has been mention and that's why he has been more than a year trying and trying to recoup part of his wrong investment.  the positive of Herbalife and the real opportunity and the positive impact in the whole world... That is the true behind all this Ackman's game that sooner or later the shorts that are on his side will regret not to be in the right side and had lost a great opportunity.. But that's life Again My advice Go Long Now that you have a Chance
    12 Feb, 01:09 PM Reply Like
  • trondtarald
    , contributor
    Comments (108) | Send Message
     
    herbs4mike I wholeheartedly agree With you, although With slightly Shorter experience as a distributor. However, I was very surprised to see that Leslie Stanford is number 2 on Ackman's list of perpetrators. She is quite the opposite. In addition to hearing her on many occasions as a speaker in big events, I have also met her personally when she came to Norway a few years ago. She gives sound advice, and it is all about taking good care og Product customers. Good Product is the life blood of Herbalife.
    13 Feb, 07:59 AM Reply Like
  • herbs4mike
    , contributor
    Comments (1914) | Send Message
     
    yep,..... I've gotten this from her as well. She is very product oriented. and a product of the product as well. I saw her in Paris a few years back, and she was thin. No fat on her then
    13 Feb, 01:45 PM Reply Like
  • 50 cent it is
    , contributor
    Comments (1090) | Send Message
     
    Herbsy
    Personally I like a little fat on a women
    A little in the front ,a little in the back yeh baby
    Sounds like she overdosed and lost her perspective as far as I'm concerned
    Nothing left for the buzzards
    13 Feb, 07:02 PM Reply Like
  • toddyogi
    , contributor
    Comments (95) | Send Message
     
    The first page of Acman's ditty on Leslie Stanford says it all: "The statements made in this report are made on the basis of good faith belief after reasonable investigation. Although Pershing Square believes the statements it makes in this report are accurate in all material respects, Pershing Square cannot guarantee the accuracy of those statements."
    The report is chock full of blather- an obvious and desperate attempt to throw mud.
    It will not stick!

     

    It reminds me of Ackman's initial 400 page power point presentation. Why so long winded? To scare, to confuse, to obfuscate, to throw as much mud as possible and hope enough of it sticks.
    12 Feb, 12:43 PM Reply Like
  • Sk8ter2013
    , contributor
    Comments (122) | Send Message
     
    Throw mud that's what herbalife does.
    12 Feb, 09:07 PM Reply Like
  • BornIn87
    , contributor
    Comments (92) | Send Message
     
    Why is this news item not written objectively?
    12 Feb, 12:54 PM Reply Like
  • 50 cent it is
    , contributor
    Comments (1090) | Send Message
     
    Born in 87
    Shorts have made false accusations,started false rumors and have used whatever devious means available to discredit companies that they have short positions in.
    They seem to be able to do so with impunity although there has been talk regarding regulating shorts negative and hurtful activities.
    Their activities can be hurtful to a company's reputation and business and a huge distraction.
    As you can see by the many comments surrounding HLF,decent people get their backs up
    when they see these unscrupulous accusations and tactics
    For now we live with it but it is a blot on our wonderful free market system
    13 Feb, 08:51 AM Reply Like
  • Distributor Dan
    , contributor
    Comments (313) | Send Message
     
    Leslie Stanford is one of the nicest people you could ever meet. She's smart, intelligent, warm hearted and has a super sharp sense of humour. She's made a lot of money in Herbalife and she deserves it. She's a great leader, trainer, and motivator and her success is derived from building and leading a huge world wide salesforce of Distributors, looking after people, customer by customer, Distributor by Distributor, day by day, month by month, year on year. She was recognised by PeaceJam in 2009: http://bit.ly/1dIoe5e

     

    Just so you know the truth.

     

    As toddyogiabove points out above, Ackman will no doubt use his disclaimer at some point in the future. This is not a "success story for Bill Ackman" - time will show that this is another page in his chapter of embarrassment.

     

    12 Feb, 01:05 PM Reply Like
  • Sk8ter2013
    , contributor
    Comments (122) | Send Message
     
    Oh and Michael Johnson worked for Disney, he must be a great guy! Scammers come in all shapes and size's.
    13 Feb, 01:01 AM Reply Like
  • DrMalito
    , contributor
    Comments (6) | Send Message
     
    Rob from NY: I love HLF products, many people are distributors just because of that. So, I do not see any problems with the stock. I will keep buying them no matter what.
    12 Feb, 01:16 PM Reply Like
  • CrimeBustersNow
    , contributor
    Comments (1366) | Send Message
     
    Long story short, as we maintained since at least 2007.... Herbalife is an insidious pyramid scheme. Ackman is merely spending the inordinate time and money required to expose the insidious truth in the details for the benefit of society.

     

    David Thornton
    Concerned Canadian Citizen: Simply doing what WE can to expose and eradicate fraud.Waiting Feb 8 3:45 "tsalvatore" point of view ....."I think one or more insiders may flip
    12 Feb, 01:16 PM Reply Like
  • Mr toolman
    , contributor
    Comments (854) | Send Message
     
    CBN, your opinion does not make it the truth.
    12 Feb, 02:00 PM Reply Like
  • 50 cent it is
    , contributor
    Comments (1090) | Send Message
     
    But you can't prove your allegations and neither has anyone else
    Your nothing but a mud slinger
    12 Feb, 09:54 PM Reply Like
  • Street Instincts
    , contributor
    Comments (92) | Send Message
     
    I do not believe it is a pyramid scheme. There is a product that can be sold and it is up to the person who makes the decision to decide whether or not they can sell it at a profit.
    12 Feb, 01:40 PM Reply Like
  • jcllier3
    , contributor
    Comments (31) | Send Message
     
    It is up to the person to decide whether or not they can work their way up the pyramid far enough that they make money. Only reason the product exists is to exploit loopholes in anti-pyramid scheme law.

     

    So funny watching these "wholesale customers" defend HLF... of course they realize it's a pyramid scheme, but they're in deep enough that they have no choice but to defend it.
    12 Feb, 02:07 PM Reply Like
  • Sk8ter2013
    , contributor
    Comments (122) | Send Message
     
    You are correct my friend.
    12 Feb, 09:07 PM Reply Like
  • Binhoff
    , contributor
    Comments (4) | Send Message
     
    Pyramid scheme or not, I have always hated MLM companies and anyone who tries to scam me with this junk will no longer be a friend of mine. I wish Mr. Ackman success, and hope he drives this company to the pink sheets.
    12 Feb, 02:16 PM Reply Like
  • 50 cent it is
    , contributor
    Comments (1090) | Send Message
     
    A pyramid scheme by definition falls of its own weight
    I still see hlf standing
    Hello shorts
    What do you say to that ah
    13 Feb, 07:07 PM Reply Like
  • vitotheking
    , contributor
    Comments (7) | Send Message
     
    i am not a HLF Distributor or a stockholder. But I have been a distributor for other MLM's It is true that the failure rate is high. The reason is very simple. People enter the business and try it out. they have no idea how hard it is... Most people are not cut out for sales. The can't do it and drop out. That is why in ALL of commerce, sales people are usually the highest compensated in the company . WHY? Because it is a hard job and the skills and personality to be successful are not inherent in everyone. In my MLM organization, I have had about 500 people that signed up, enthusiastic about the success that can be achieved. And now have only 122 that are still involved. But those 120 are happy. Whether they are making $500 a month, $5,000 or $10,000 a month. I have others who thought they could sell but can't.... but are still users of the products because they like them. If people are being prayed upon or lose money it is because they "buy products" for inventory thinking that they will resell them. That doesn't work. Either you are a sales person or not. I can't be responsible for stupid people. They aren't true to themselves and hope against hope...But I can say that people who are serious about being in the Network marketing business can make a decent living if they have a product that people will buy on a consistent basis. I have customers who have been buying my products every month for years and years. Why would they do it if it doesn't work for them?
    12 Feb, 04:03 PM Reply Like
  • 50 cent it is
    , contributor
    Comments (1090) | Send Message
     
    Crime bust and Vito in that order
    Grow up!
    12 Feb, 05:29 PM Reply Like
  • Garnaut
    , contributor
    Comments (68) | Send Message
     
    @ Andrei Volgin
    'Probably. But since he is right that Herbalife is a pyramid scheme, there is nothing to admit here.'

     

    I dont think you will enjoy this.

     

    http://bit.ly/1cPsynB
    12 Feb, 06:05 PM Reply Like
  • 50 cent it is
    , contributor
    Comments (1090) | Send Message
     
    Now I know what they mean by a bag of hot air
    12 Feb, 06:26 PM Reply Like
  • Jeffjacobjames
    , contributor
    Comments (239) | Send Message
     
    Some interesting facts I found comparing legal vs. illegal pyramid schemes. Very informative! http://bit.ly/18wErtr
    12 Feb, 08:38 PM Reply Like
  • trondtarald
    , contributor
    Comments (108) | Send Message
     
    Jeffjacobjames Wow, that is some article! Have just copied all 19 pages and will look forward to Reading them over the weekend. The headlines promise some interesting Reading and thus the opportunity to Learn more about the fascinating network marketing industry. Unfortunately, it is obvious that many that are making comments have not taken the time to study the industry, they just follow the mainstream commentary or their gut feeling. Thank you!
    14 Feb, 04:32 AM Reply Like
  • Ren4Health
    , contributor
    Comments (5) | Send Message
     
    Respect is earned. Honesty is appreciated. Trust is gained. Loyalty is returned. that is what customers of Herbalife love. Above the line thinking = solution based and 100% responsibility. Below the line thinking people = blame! Stop hurting the little people (members) with all the accusations! Herbalife is not the problem, it is people that don't follow company rules that cause these problems! Ackman will lose...
    12 Feb, 09:05 PM Reply Like
  • K. Herbert
    , contributor
    Comments (749) | Send Message
     
    I watched some of the videos and listened to some of those "training calls". It's just amazing to me that there are still people that deny or can't see that this is a pyramid scheme. The evidence is just overwhelming! Even though they are laboriously avoiding to show a pyramid outright, everyone of these "recruit to make money" videos and audios paints a picture of a pyramid scheme.
    The most impressive tidbits I took away from this:
    1. Stanford’s statements on this call demonstrate that in many cases Herbalife “sponsors” are not coaches or mentors at all, but are simply higher-level distributors who have mastered online recruitment. Indeed, Stanford tells members, “I get royalties or bonuses from over 65 countries every month . . . and I’ve never even been to a lot of those countries. So does anybody want to find out how to get international business?”
    2. One presentation, attached as Exhibit P, promotes a business development system developed by Herbalife called “Get 20 Keep 20!”[6] That presentation tells members they can earn $511,500 a year by recruiting new distributors into the scheme and pressing them to qualify as Supervisors immediately.
    3. When Dahl resigned from Herbalife in June 2013, Herbalife organized a conference call ...Stanford and Morgan turned the call over to President’s Team member Cynthia Robinson, who told distributors that they could continue to use OBS if they downgraded their memberships). Stanford had previously appeared on a training call for Online Business System (“OBS”), an online recruiting and lead generation business run by Dahl, along with Herbalife CEO Michael Johnson. See http://bit.ly/1mcooMh.
    4. Note that Stanford states: “I love seeing people succeed against all odds,” suggesting that any disclaimers will not constrain those who are committed.
    5. There is some evidence that WH Intermediate Holdings Ltd. is, or was at one time, the parent company of Herbalife International, Inc. See, e.g., http://buswk.co/1mcooMm.
    I can't fathom why this company still exists.
    13 Feb, 08:30 AM Reply Like
  • 50 cent it is
    , contributor
    Comments (1090) | Send Message
     
    It exists because it is successful
    13 Feb, 09:02 AM Reply Like
  • Bouchart
    , contributor
    Comments (726) | Send Message
     
    The ones who deny it is a pyramid scheme are the ones at the top of the scheme.
    13 Feb, 11:37 AM Reply Like
  • herbs4mike
    , contributor
    Comments (1914) | Send Message
     
    Herbalife exists because you, Herbert, do not know the laws governing legal MLMs. that's why you don't understand. This is also the reason that Herbalife will not be shut down and is also the reason that Ackman has changed his tactics and is not really attacking the company anymore, just distributors. Shane Dinneen's analysis was faulty and Ackman knows it....NOW. You are just later than Ackman in realizing it
    13 Feb, 02:00 PM Reply Like
  • 50 cent it is
    , contributor
    Comments (1090) | Send Message
     
    I'm sorry herb but after reading your "stuff" all I can say is that you are full of it
    13 Feb, 07:08 PM Reply Like
  • trondtarald
    , contributor
    Comments (108) | Send Message
     
    K. Herbert. "Get 20 keep 20" refers to customers. In order to keep the customers you must provide good service and follow-up. That is the base for any sound business. In order to get a different Outlook you might try changing Your glasses.
    14 Feb, 04:42 AM Reply Like
  • K. Herbert
    , contributor
    Comments (749) | Send Message
     
    trondtarald
    Please look at the exhibit
    http://bit.ly/1dsb7ty
    It says:
    "Duplicate 5 Supervisors who get 20 Customers per month" You forgot the "duplicate 5 supervisors" part and it says nothing about "good service" or "follow up"
    Then it shows a picture of a pyramid 3 levels down, 3 branches each level and then 5 branches each level and shows the math of how much money you could make with royalty overrides production bonuses if all that recruiting goes on.
    I look at this exhibit and I see a pyramid no matter whether I use reading glasses, sun glasses or rose colored glasses.
    The most disturbing about this presentation is that it shows how they promise you (and want you) to derive almost all your income from multiple level down-line recruitment which is obviously an unsustainable pyramid scheme and very very far from a sound business.
    14 Feb, 08:43 AM Reply Like
  • K. Herbert
    , contributor
    Comments (749) | Send Message
     
    ...and is also the reason that Ackman has changed his tactics and is not really attacking the company anymore...
    Ackman just called Herbalife a "levered pyramid"
    13 Feb, 02:03 PM Reply Like
  • Bob from Brazil
    , contributor
    Comments (9) | Send Message
     
    All statements in this report are made pursuant to Pershing Square’s disclaimer, available at http://bit.ly/Ultc2P.

     

    I went to the website. I couldn`t find the disclaimer. Why isn`t it at the top of the page. Did anybody else find it? Does it exist?
    13 Feb, 03:05 PM Reply Like
  • CrimeBustersNow
    , contributor
    Comments (1366) | Send Message
     
    “toolman” reminds me…. “CBN, your opinion does not make it the truth.”
    ~~~~~~~
    I would have to agree, “toolman” … my opinions do not make it the truth. No: The facts do that....It is what Ackman is exposing... Facts are what won the judgment in the Superior Court in the failed $10 mil S.L.A.P.P brought against me in 2006.

     

    Our facts, not the contrarian opinions of police, politicians, and government personnel are what ultimately resulted in the 2010 arrest of “The Pigeon King” and these facts, as I laid out to authorities who ignored them, are ultimately what were presented by the prosecutor to the jury who convicted the “The Pigeon King,” facing 9 years prison in March.

     

    And it was our facts against the flawed opinions of the highest police force and government agencies in Canada that ultimately led to the arrest of the creator of TTI-BIM scams and 13 top level recruiters; one a banker; one a teacher.

     

    Those are the now PROVEN facts; notwithstanding, they were always facts. 2x2=4… that is fact. Opinions to the contrary, cannot change that. Herbalife is a provable pyramid scheme - that is fact. Having Herbalife proponents and "distributors" forced to deal with the consequences that fact, is simply a matter of time – and we wait.

     

    David Thornton
    Concerned Canadian Citizen: Simply doing what WE can to expose and eradicate fraud.
    13 Feb, 03:05 PM Reply Like
  • CrimeBustersNow
    , contributor
    Comments (1366) | Send Message
     
    "Garnaut" writes.....

     

    I dont think you will enjoy this.
    http://bit.ly/1cPsynB
    ~~~~~~~
    I don't know "Garnaut"..... it reveals a lot of truth about MLM.

     

    EXCERPT: MLM cartoon…… “Maybe you should start your own business instead of completing leaving your future to chance.”
    ~~~~~~~
    And then for years out of the other side of the MLM mouth in order to bolster “flip flop” propaganda we hear, “90% of businesses fail within the first few years!!!”…. So which is it?
    "Start your own business instead of completely leaving your future to chance," or leaving your future to a 1 in 10 chance of succeeding in business? Or worse 1 in 100 chance of making any real money in MLM ...This is the kind of “double-speak” and deception permeating Herbalife and MLM and a major reason Herbalife and MLM of its ilk should be shut down for the good of society.

     

    And that little cartoon, complete with the insults, also demonstrates how divisive MLM (pyramid schemes) are to families, friendships, to the workplace, social clubs, church groups, law enforcement agencies, universities, colleges, high schools, and now reprehensibly, elementary schools where MLM recruits 14-year-olds.

     

    This is the result of widespread fraud allowed to “run rampant” permeating every sector of society and for that reason as well should be shut down for the good of humanity.

     

    David Thornton
    Concerned Canadian Citizen: Simply doing what WE can to expose and eradicate fraud
    13 Feb, 03:06 PM Reply Like
  • 50 cent it is
    , contributor
    Comments (1090) | Send Message
     
    David
    Your mantra of fighting crime sounds like a knock off of the American Lone Ranger who caught injustice wherever he found it
    The difference is he had Tonto to tell him what to do and you need someone like that to help you identify what is criminal and what is legal
    Hire a sidekick and get smarter
    16 Feb, 11:27 PM Reply Like
  • Cestlavie
    , contributor
    Comments (114) | Send Message
     
    Everyone forgets that the CEO of HLF is best friends of Edith Ramirez the head of the FTC and Obama did a commercial for them as a Senator. Shorts are screwed.
    13 Feb, 09:23 PM Reply Like
  • CrimeBustersNow
    , contributor
    Comments (1366) | Send Message
     
    “Cestlavie” informs us....

     

    “ …that the CEO of HLF is best friends of Edith Ramirez the head of the FTC” concluding with “... and Obama did a commercial for them“as a Senator. Shorts are screwed.”
    ~~~~~~~~~~~
    Would like to have info on the commercial but….. Great example: Good for the public to know. And your innuendo could very well be right on. It is connections like this and corruption that has sustained the likes of Herbalife and their MLM/pyamid/Ponzi ilk, just like Madoff, not because they are credible businesses.

     

    Incredible how you Herbalife supporters keep "feeding" our thesis!

     

    However, for this scenario to succeed, authorities must refuse to act against Herbalife’s pyramid scheme and it will be necessary for investors to maintain the confidence that the government will take no action against pyramid fraud, and that the fraud itself will somehow magically sustain itself while they keep “pumping money into the scam.

     

    But don’t “sell” Edith Ramirez short yet. She may posse the integrity required that supersedes the perceived allegiance to Herbalife.

     

    David Thornton
    Concerned Canadian Citizen: Simply doing what WE can to expose and eradicate fraud
    16 Feb, 09:10 PM Reply Like
  • Cestlavie
    , contributor
    Comments (114) | Send Message
     
    As most, you don't understand how an MLM works or way the Supreme Court worked for months to try and declare it illegal and couldn't, instead they declared Amway and any other MLM legal as long as they did not pay for recruiting and they offered a product buy back policy. Get a grip man, get educated don't parrot Matt and Ackman the rest of your life.
    15 Mar, 08:47 AM Reply Like
  • Garnaut
    , contributor
    Comments (68) | Send Message
     
    @ Crime Man

     

    So sensitive and such a long winded response. Come on!!!!
    You need to watch the link again. You obviously missed some key points!
    14 Feb, 10:46 PM Reply Like
  • 50 cent it is
    , contributor
    Comments (1090) | Send Message
     
    What is crime man whining about? It's not clear
    15 Feb, 09:52 PM Reply Like
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