tag:blogger.com,1999:blog-7762286463497378104.post5402031567886443469..comments2024-03-27T23:11:38.102+01:00Comments on 'MLM' The American Dream Made Nightmare: Christine Richard attempts to explain how 'Herbalife (HLF)' racketeers continue to commit fraud by hiding key-data.David Brearhttp://www.blogger.com/profile/11122471861776758998noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-7762286463497378104.post-84365034326761320582018-01-31T13:26:13.746+01:002018-01-31T13:26:13.746+01:00Anonymous - Unfortunately, the pernicious 'MLM...Anonymous - Unfortunately, the pernicious 'MLM income opportunity' fairy story is still out there as well. Elements of it keep being repeated by the so-called regulators at the FTC and even by commentators who are trying to expose the truth.<br /><br /><br /><br />David Brearhttps://www.blogger.com/profile/11122471861776758998noreply@blogger.comtag:blogger.com,1999:blog-7762286463497378104.post-40257097161749622332018-01-31T12:02:15.716+01:002018-01-31T12:02:15.716+01:00The truth is out there. Why do folks continue to ...The truth is out there. Why do folks continue to join HLF?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7762286463497378104.post-29721572798950931192018-01-30T15:05:31.751+01:002018-01-30T15:05:31.751+01:00Anonymous - I think it might be less than 0.4%, bu...Anonymous - I think it might be less than 0.4%, but don't forget these are gross-figures in the disclosure statement. The 'Herbalife' mob never mention their adherents' considerable operational expenses. <br /><br />So, even with $3400 gross-income per month, how can this represent a (worthwhile) net-profit?<br /><br />How can a centrally-controlled rigged-market the beneficiaries of which have hidden its catastrophic results for decades in order to temporarily enslave tens of millions of ill-informed participants, be described as an 'income opportunity?' <br /><br />Overall, since 1980, the % of Herbalife unquestioning contractees who have managed to recruit, and maintain (at their own expense), the required number of further unquestioning contractees to rise to a sufficietly-high level in the ranks to generate a net-profit, is effectively zero.David Brearhttps://www.blogger.com/profile/11122471861776758998noreply@blogger.comtag:blogger.com,1999:blog-7762286463497378104.post-73699896953624802902018-01-30T14:35:43.851+01:002018-01-30T14:35:43.851+01:00To be fair, the disclosure says 3000 got more than...To be fair, the disclosure says 3000 got more than $3400 june-september 2017. Is that about a 1/2 of 1% of 685 000 ?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7762286463497378104.post-68189454604968243142018-01-30T12:10:41.340+01:002018-01-30T12:10:41.340+01:00Anonymous - In brief, the 'Herbalife' mob ...Anonymous - In brief, the 'Herbalife' mob has, in contravention of the FTC's ruling, published misleading gross-'earnings' figures for its transient adherents in the USA - conveniently excluding the vast majority of these persons (approximately 470 000) by arbitrarily defining them as 'preferred members (who had no intention of making money).'<br /><br />Of the approximately 215 000 transient American 'Herbalife' adherents who are arbitrarily defined as 'distributors (who signed with the intention of making money)' only approximately 40 000 have been paid some gross-commission or appeared to have made some profitable retail sales. The approximately 170 000 so-called 'distributors' who weren't in receipt of gross-commission and who didn't make some profitable retail sales, have been ignored - allowing 'Herbalife' falsely to imply that '90% of its distributors have earned income in 2017)' <br /><br />In 'Herbalife's' distorted gross-'earnings' statement there is no reference made to the adherents' operating expenses or to the churn rate of adherents.<br /><br />Behind the mystifying 'Herbalife' fairy story, the reality is that, of all persons under contract to 'Herbalife' in the USA during June to September 2017 (685 000), only around 300 received gross-commission payments and appeared to make some profitable retail sales and were declared as having earned in excess of $14 000 (gross) during this period.<br /><br />Therefore, the actual % of American 'Herbalife' adherents (no matter how they were arbitrarily defined in their contracts) who managed to generate any net-income from their so-called 'businesses,' is almost too small to calculate, let alone be of significance.<br /><br />Since the 'Herbalife' racket was first instigated in 1980, it has been estimated that a never-ending chain currently comprising tens of millions persons have signed annual contracts with its front companies around the world. The overwhelming majority of these transient persons were arbitrarily defined in these reality-inverting documents as 'distributors/independent business owners.'<br /><br /><br />David Brearhttps://www.blogger.com/profile/11122471861776758998noreply@blogger.comtag:blogger.com,1999:blog-7762286463497378104.post-75619522110649362592018-01-30T11:51:59.490+01:002018-01-30T11:51:59.490+01:00Anonymous - I presume you are asking me: which reg...Anonymous - I presume you are asking me: which regulatory/law enforcement agencies keep an eye on so-called 'MLM' companies operating in the UK?<br /><br />The answer being - as far as I'm aware, no agency of UK government or law enforcement has taken any interest in the 'MLM' phenomenon since the Company Investigation Branch of the Dept. Of Trade and Industry tried, but failed, to close 'Amway UK Ltd.' in 2007 via a public interest civil bankruptcy petition filed in the UK High Court.<br /><br />After an appeal was declined,'Amway' was allowed to remain in the UK under certain conditions, one of which was that it should publish an annual declaration of average earnings.<br /><br />As far as I'm aware no one has enforced this condition in respect of 'Amway' in the UK - or any other 'MLM' front company for that matter.<br /><br />Currently, a petition to the UK parliament requests that 'MLM' companies registered in the UK should be obliged to make earnings data publicly available<br /><br />petition.parliament.uk/petitions/208137<br /><br />In reality, the UK Fraud Act 2006 makes it a criminal offence to withhold key-information from people in order to take their money. That said, no one has been enforcing the UK Fraud Act in repect of 'MLM' rackets.<br /><br />David Brearhttps://www.blogger.com/profile/11122471861776758998noreply@blogger.comtag:blogger.com,1999:blog-7762286463497378104.post-79517311038785594882018-01-30T10:51:28.313+01:002018-01-30T10:51:28.313+01:00David can you post your own analysis of these HLF ...David can you post your own analysis of these HLF figures please?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7762286463497378104.post-43999616829716295412018-01-30T09:29:35.637+01:002018-01-30T09:29:35.637+01:00Who tracks what Herbalife distributors earn in Bri...Who tracks what Herbalife distributors earn in Britain?Anonymousnoreply@blogger.com