Herbalife @ BehindMLM

Accompanying the FTC’s settlement announcement with Herbalife today was a press-conference held by Chairwoman Edith Ramirez. Ramirez opened the press-conference by reading from a prepared statement for about seven minutes. Despite clearly describing Herbalife’s business model as that of a pyramid scheme, the actual words “pyramid scheme” were noticeably absent from Ramirez’s statement. After Ramirez’s [Continue reading…]

Since the FTC’s announcement earlier today confirming Herbalife was operating as a pyramid scheme, I’ve seen a lot of mis-reporting and distortion of the facts. I suspect much of this arises from most people not having the time to read through the FTC’s 42 page long complaint against Herbalife. Either that or the complaint was [Continue reading…]

In the wake of the FTC’s $200 million dollar fine issued to Herbalife, the biggest question is whether the company will be viable with a new retail-orientated business model. With Herbalife’s previous compensation plan primarily paying affiliates to recruit new affiliates, perhaps the best indicator is a look at how that was going for the [Continue reading…]

Rumors of an FTC investigation into Herbalife began back in 2013 and here at BehindMLM we’ve been covering the story diligently ever since. Today a conclusion to the saga is in sight, with news that the FTC has fined Herbalife $200 million dollars for being a pyramid scheme.

An end to the Herbalife investigation to the FTC might finally be in sight, following a report that a settlement might be announced tomorrow. Citing an unnamed source “close to the matter”, the New York Post are reporting an announcement of a deal could come as soon as Wednesday, although the agreement is not final [Continue reading…]

Personally I’m bit over following the FTC Herbalife saga… at least until we get something concrete. BehindMLM first covered a “pending law enforcement action” back in 2013, and it’s been nothing but speculation ever since. In what may be more speculation, Herbalife are now claiming they expect the FTC to hit them with a $200 [Continue reading…]

Percentages. It’s math that for most of was introduced in late elementary school. Percentages of this, percentages of that… useful for practicing division and multiplication,  and invariably leading onto fractions. So how is it that Herbalife just keeping getting basic math wrong?

Despite a report in The Wall Street Journal claiming ‘government investigations cleared the company of allegations of having a fraudulent business model‘ earlier this month, Herbalife has revealed otherwise in its latest public filing.

We’ve been seeing a lot of private industry back and forth on Herbalife, but not alot on the government side of things. Sure we know that the FTC and FBI are investigating the company, but to date the specifics and status of those investigations remain a mystery. Now, in a report published by New York [Continue reading…]

The following excerpt from a recent New York Post article pretty much says it all: Hollywood heavyweight Michael Lynton waded into the long-running Bill Ackman-Herbalife battle last year (by) helping the CEO of the nutritional-shake maker try to stop a looming regulatory probe. Michael Johnson, the CEO of Herbalife, reached out in an e-mail to [Continue reading…]