'Herbalife (HLF)' starts to sink, but the captain will change.

http://www.benzinga.com/news/16/10/8592483/1010-research-claims-herbalife-may-be-attached-to-brazilian-money-laundering-comp

http://cnafinance.com/herbalife-hlf-stock-what-to-think-about-money-laundering-claims/11672

Last week, reports finally started to surface that 'Herbalife's' mystifying 'compensation plan' (in which shill-participants receive losing-commission payments in US dollars from the company on purchases which they make from it using other currencies) has been facilitating money-laundering in South and Central America. 

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'MLM' boss, Michael Johnson.

 , 
http://www.cnbc.com/2016/11/01/herbalife-shares-drop-8-on-earnings-ceo-change-announcement.html

http://fortune.com/2016/11/02/herbalife-ceo-michael-johnson-bill-ackman-carl-icahn/

Effectively-valueless 'Herbalife' shares fell 2% in extended trading Tuesday 1st November (and continue to fall today), after it was revealed that this titanic, blame-the-victim 'MLM' cultic racket is finally starting to sink and that its ostensible captain, Michael Johnson, is going to be be given a slightly different (but no less impressive) rank before 'Abandon Ship' has to be piped.

Richard Goudis.

Mr. Johnson is currently playing the role of 'Chairman and Chief Executive Officer,' but his title will be modified to 'Chief Executive Chairman' June 1st 2017, and Richard Goudis (currently playing 'Chief Operating Officer') will be promoted to 'CEO.'

World-class-liar, Johnson, recited his latest reality-inverting script on CNBC - claiming to be confident in Goudis' ability to serve as CEO and stating that the reason he's 'leaving' has little to do with hedge fund manager, Bill Ackman.

After enthusiastically committing fraud and obstructing justice for years, with an irony close to exquisite, Mr. Johnson now suddenly wants 'Herbalife' to comply with FTC regulations and he wants to see this through 100%.

Johnson also insists that he is proud that he took the company from $1 billion in sales in 2003 to $5 billion in 2016. However, the FTC ruling has confirmed that the vast majority of 'Herbalife's'  multi-billion dollar revenue has never derived lawfully from retail sales to members of the general public. On the contrary 'Herbalife' has been the legally-registered corporate front for a vast 'Amway' copy-cat dissimulated closed-market swindle a.k.a. pyramid scheme, in which billions of dollars of unlawful losing-investment payments (made by a never-ending chain of victims based on their false-expectation of future reward) have been laundered as lawful retail sales (based on value and demand).With an irony that is truly exquisite, Mr. Johnson now pretends that he wishes that he had put measures in place earlier to better identify who the company's customers are.

For obvious reasons, the man who is currently holding the largest stinking pile of effectively- valueless 'HLF' shares, Carl Icahn, continues to pretend that all is well on the good ship 'Herbalife,' but his reality-inverting statements falsely-accusing all persons challenging the authenticity of the 'HLF' fairy story of libel, are themselves part of an overall pattern of ongoing major racketeering activity.

Carl Icahn

'We would like to applaud Michael Johnson for doing a superb job navigating the company through a number of libellous attacks during this period...... I am glad he intends to stay meaningfully involved in the company and I fully support the Board's choice of Rich Goudis becoming CEO while Michael remains actively engaged as Executive Chairman.'

Carl Icahn
November 1st 2016

Sady, in the de facto kleptocracy which is known as the United States of America, it's very doubtful if Mr. Johnson or Mr. Icahn (or indeed Mr. Trump) will ever be held fully to account for all their 'MLM' -related crimes.

David Brear (copyright 2016)