- 'Herbalife' is a 'Multi-Level Marketing /Direct Selling Company' - a shining example of a form of lawful enterprise which has been examined (and approved) by regulators around the world and has been self-regulated by 'Direct Selling Associations.'
- participants made a completely free-choice to sign-up with 'Herbalife.'
- they were 'Independent Business Owners/ Distributors / Members, etc.,' (not employees) and, therefore, responsible for their own actions.
- anyone can earn income, and ultimately retire on a residual income, from participating in 'Herbalife.'
- only persons who never quit and who develop 100% unquestioning belief in their own future success, can achieve success in 'Herbalife.'
- failure to make any money was, therefore, entirely the fault of the individual 'Herbalife' participant (who didn't develop 100% unquestioning belief and quit) and not the fault of the organisation or its (lawful) 'MLM Business/ Income Opportunity.'
- any financial losses could in no way be the legal responsibility of 'Herbalife.'
The latest, thought-stopping, jargon-laced chapter of the pernicious 'Herbalife' fairy story (as contained in the 75 page document linked above and partly-posted below) makes fascinating reading. Particularly, when you know that 90% of 'Herbalife's' claimed adherents (currently 4.1 millions world-wide) have been quietly abandoning the organisation each year to be replaced by a never-ending chain of new hopefuls. Only an insignificant % of 'Herbalife' adherents have been able to persist with their economically-suicidal activity for more than 5 years. Typically, the hidden overall churn / loss rate for participation in the 'Amway' copy-cat blame-the-victim 'MLM Income Opportunity / Prosperity Gospel' cultic racket, has been effectively 100%. For decades, no one who has signed a take-it-or-leave-it contract with 'Herbalife' has ever been made aware of this key-information, and consequently, no one who has become involved with 'Herbalife' has ever done so as a result of his/her fully-informed consent.
Indeed, 'Herbalife's' latest reality-inverting 10-Q filing to the US Securities and Exchange Commission, itself seeks to dissimulate decades of mass-fraud and obstruction of justice world-wide and, thus, forms part of an overall pattern of ongoing major racketeering activity (as defined by the US federal Racketeer Influenced and Corrupt Organisations Act, 1970); for this tragicomic document should really have been introduced with the phrase:
Once upon a time in the land of 'Herbalife...'
David Brear (copyright 2016)