{"id":1074,"date":"2007-11-05T09:50:09","date_gmt":"2007-11-05T15:50:09","guid":{"rendered":"http:\/\/www.sequence-inc.com\/fraudfiles\/2007\/11\/05\/fraud-discovery-institute-issues-a-report-on-herbalife\/"},"modified":"2012-12-20T19:03:01","modified_gmt":"2012-12-21T01:03:01","slug":"fraud-discovery-institute-issues-a-report-on-herbalife","status":"publish","type":"post","link":"https:\/\/www.sequenceinc.com\/fraudfiles\/fraud-discovery-institute-issues-a-report-on-herbalife\/","title":{"rendered":"Fraud Discovery Institute Issues a Report on Herbalife"},"content":{"rendered":"<p>Multi-level marketing company Herbalife (NYSE:HLF) is the target of the most recent investigation done by Barry Minkow and Fraud Discovery Institute. <a href=\"http:\/\/www.doomedbydesign.com\/\">A new website, Doomed By Design<\/a> has been developed, and <a href=\"http:\/\/www.sequence-inc.com\/fraudfiles\/wp-content\/uploads\/2007\/11\/herbalife_final_report.pdf\">a written report<\/a> has been released. <a href=\"http:\/\/www.doomedbydesign.com\/video\/DoomedByDesign_trailer.wmv\">A short video clip is included<\/a>, and a full documentary will be released later this year.<\/p>\n<p>Herbalife is the world&#8217;s largest multi-level marketing (MLM) company. Barry Minkow and team found that the company is illegally doing business in China. Chinese laws prohibit multi-level marketing businesses from existing in China, and do not even permit their products in the country.<!--more--><\/p>\n<p>Why the focus on China? As U.S. consumers slowly become aware of the scam behind MLM (or have already been burned by it), China represents a nearly untapped market for MLM. With a population of over 1 billion, the opportunities to profit by introducing a MLM scheme there are lucrative.<\/p>\n<p>The report on Herbalife is long&#8230; I&#8217;ll summarize the key points later.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Multi-level marketing company Herbalife (NYSE:HLF) is the target of the most recent investigation done by Barry Minkow and Fraud Discovery Institute. A new website, Doomed By Design has been developed, and a written report has been released. A short video [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[827,184],"tags":[1143,1154,1163,202,51],"class_list":["post-1074","post","type-post","status-publish","format-standard","hentry","category-public-companies","category-pyramid-schemes-mlm","tag-cheating-in-china","tag-doomed-by-design","tag-fraud-discovery","tag-herbalife","tag-usana"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p6Z0e-hk","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/posts\/1074","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/comments?post=1074"}],"version-history":[{"count":0,"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/posts\/1074\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/media?parent=1074"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/categories?post=1074"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/tags?post=1074"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}