tag:blogger.com,1999:blog-7762286463497378104.post2912336292492857571..comments2024-03-27T23:11:38.102+01:00Comments on 'MLM' The American Dream Made Nightmare: 'Amway/Nutrilite', 'Herbalife', 'Nuskin', etc. The level of 'MLM' corruption in China beggars belief.David Brearhttp://www.blogger.com/profile/11122471861776758998noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-7762286463497378104.post-12568649924406626142018-01-18T00:16:51.457+01:002018-01-18T00:16:51.457+01:00I agree, because if MLM is supposed to be banned u...I agree, because if MLM is supposed to be banned under Chinese law, but in practice it's allowed, then corruption can be the only explanation!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7762286463497378104.post-48184837409591485332018-01-16T17:29:42.938+01:002018-01-16T17:29:42.938+01:00If 'Amway' has been under US federal inves...If 'Amway' has been under US federal investigation concerning some of its activities in China being prohibited by the Foreign Corrupt Practices Act, then clearly the company's failure to disclose this investigation to new recruits would itself constitute fraud. <br /><br />At best, in respect of 'Herbalife', 'NuSkin', 'Usana', etc., the current crop of officials at the SEC have only been looking at pieces of an overall pattern. In the case of 'Amway,' this pattern stretches back almost 70 years. Personally, I'd also like to know who could be investigating the infiltration of US regulatory agencies (incuding the SEC) by 'MLM' racketeers. No one disputes that the modus operandi of 'MLM' racketeers has been to offer juicy bribes (in the form of lucrative employment contracts) to senior regulators.<br /><br />According to the Times report:<br /><br />"Two companies, Herbalife and Usana Health Sciences, disclosed last year that they faced investigations in the United States for their operations in China under the Foreign Corrupt Practices Act, which prohibits American companies from bribing foreign officials. Another, Nu Skin, settled a similar case with the Securities and Exchange Commission in 2016, while Avon Products pleaded guilty in 2014, resulting in a $135 million fine.<br /><br />Amway, which is not public, has not disclosed any inquiries by American regulators."David Brearhttps://www.blogger.com/profile/11122471861776758998noreply@blogger.comtag:blogger.com,1999:blog-7762286463497378104.post-78582552376956536982018-01-16T13:42:22.144+01:002018-01-16T13:42:22.144+01:00This could be what the SEC is investigating.This could be what the SEC is investigating.Anonymousnoreply@blogger.com