Google search done by someone at Herbalife’s headquarters
When the company’s own employees are doing a Google search like this, it says something, doesn’t it?
herbalife greg probert fraud
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About the Author
Tracy Coenen is a forensic accountant and fraud examiner in Chicago and Milwaukee who investigates white collar crimes, including cases of financial statement fraud, embezzlement, tax fraud, and insurance fraud. She is the author of Expert Fraud Investigation and Essentials of Corporate Fraud and more than 100 articles on fraud featured in industry publications.
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Comments (3)
Hello my name is Barnett Bando and I have been a HL distb for almost 7 yrs and have realized tremendous benefits in my health and finances. HL is a MLM not a pyramid, the definition of pyramid is the exchange of money with out any product or service. The resignation of Greg Probert has absolutely zero to do with the incredible products and the visionary concept by the founder of HL 28 years ago. Pyramids do not get to be listed on the N.Y. Stock Exchange.
Hello Barnett,
So… you say “the definition of pyramid is the exchange of money with out any product or service”…
I would advise you to look up in google the following keywords: “Equinox”, “Omnitrition”, “Burnlounge”, “SkyBiz.com”, “2Xtreme Performance International”, “JewelWay”.
There are more examples available, however I think these ones should provide you with enough evidence to conclude otherwise.
Also, read what FTC has to say about product-base pyramid schemes:
http://www.ftc.gov/speeches/other/dvimf16.shtm
Herbalife, I’m afraid, is facing hard times ahead, with or without a New York Stock Exchange listing…
Best Regards
Pedro Menard
Herbalife needs to recruit people to keep the machine going. The products aren’t the primary source of profits – plus, the produtcs are overpriced.
It’s very clear when one reads the mispresentations revealed by the FDI
“they grow the company through minimum purchases made by those wishing to
become supervisors and the minimum purchases of newly recruited distributors.”
http://frauddiscovery.net/Herbalife/misrepresentations_herbalife.pdf
It’s time to wake up. This may come as a shock for those who believe in this company, but Herbalife is a fraud.