all MLM busters

  • MLM
    • 1. Lost Money

    • 2. Lost reputation

    • 3. Lost time

    • 4. Lost selfesteem

Herbalife Slammed by FTC, Stock Goes Higher

Herbalife announced generally higher product volume numbers during their quarterly report on May 5, 2016, but also reported they are in deep doo-doo with the FTC and probably other agencies, federal and state. The stock went up about 9% based on the numbers, but whoever was trading the stock ignored other critical information: It should be noted Herbalife’s prior quarterly report did not mention the probable $200 million fine (which should be considered a minimum), and also stated nothing could come of the FTC investigation, and now that option was taken off the table, leaving only an injunction or a contested lawsuit. This is a landmark case, as Herbalife is a huge MLM that is publicly traded, and comes on the heels of the Vemma smackdown.

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