Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

To The Credibility Of Herbalife's Statements About Pedro Cardoso

|Includes: Herbalife Ltd. (HLF)

Herbalife claims they knew nothing about Brazilian prosecutors charging Pedro Cardoso with money laundering in 2008 until the story broke a couple of days ago.

Pedro Cardoso currently is an Herbalife board member and was or is Chairman's Club distributor profiled here. Curious, I looked him up myself. Here is what I found on Forbes:

Note that Mr. Cardoso has been and independent Herbalife Member for 22 years. At the Herbalife IR website we find:

ok, it says he has been a member for 17 years. Maybe Forbes just made a typo because this announcement filed with the SEC in 2009 also says 17 years:

But then this proxy statement from 2013 says:

Fascinating, now it is 21 years with the addition: "His tenure as a distributor provides valuable insight into the Company's growth and development over the 21 year period."

I agree and like to add that we are gaining insight into the companies credibility as well.

Disclosure: The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.