so remember when almost every ig attentionisto had herbalife?
they would try to suck you up with dreams of being on their team.
take that as you will.
well it seems like herbalife got sued.
$200m worth of sued.
all those promises of being the next “donald trump” were alleged pipe dreams.
this is the story via the la times…
Herbalife Ltd. agreed Friday to pay $200 million and change its business practices to settle federal regulators’ claims that it falsely told people they could quickly get rich by selling its weight-loss shakes, teas and other supplements.
The Federal Trade Commission issued a stinging rebuke of the Los Angeles-based company’s business model, saying in its complaint that Herbalife had misled people into becoming its distributors or its members with videos and brochures showing mansions, fancy cars and boats and telling them they could quit their jobs.
The “overwhelming majority” of distributors “earn little or no money,” the government said. And many have lost thousands of dollars after being encouraged to lease space to set up “Nutrition Clubs,” where people pay a daily fee to drink a protein shake and tea.
“Herbalife is going to have to start operating legitimately, making only truthful claims about how much money its members are likely to make,” said FTC Chairwoman Edith Ramirez, “and it will have to compensate consumers for the losses they have suffered.”
The company, which had revenues of $4.47 billion last year, said Friday that it disagreed with many of the FTC’s allegations, but had decided to settle to avoid “the financial cost and distraction of protracted litigation.”
Herbalife said it had also agreed to pay $3 million to settle an investigation by the Illinois attorney general’s office. The two settlements resolve all active investigations against Herbalife, the company said.
“The settlements are an acknowledgment that our business model is sound and underscore our confidence in our ability to move forward successfully,” said Herbalife Chief Executive Michael O. Johnson. “Otherwise, we would not have agreed to the terms.”
someone go check on the attentionistos who were selling this.
i always assumed anything where a group need to sell a product,
and it all goes by how many minions you sign up,
then it all added up to:
i could be wrong.
too bad herbalife allegedly turned out to be.
article taken: la times