Madeline Albright is freaking out over her role as a Herbalife
Cheerleader Albright, who started her own advisory firm after she left the State Department, acts as both a business consultant and a brand ambassador for the multilevel marketing company. The lucrative gig has earned her firm an estimated $10 million over the past six years.
But with the company increasingly under fire from state and federal regulators, Albright is worried about attacks on her own reputation and has been in closed-door strategy sessions recently with Herbalife CEO Michael Johnson, The Post has learned.
Herbalife is being probed over allegations that it is a pyramid scheme. The Federal Trade Commission, the Securities and Exchange Commission, the FBI, the Department of Justice and New York Attorney General Eric Schneiderman are investigating the company.
“Unlike the new communications and lobbyist firms that have been hired by the company, Albright herself and her partner James O’Brien have been outspoken paid advocates for the company and its controversial business model,” one source said.
A spokesman for Albright declined to say if she was aware that almost 90 percent of its distributors earn no money, even before expenses, according to the company’s own disclosures. Albright is particularly concerned about New York AG Schneiderman. New York’s Martin Act has tough anti-pyramid language, and the AG can press criminal as well as civil charges.
" The Post reports that sources say " " A spokesman for Albright declined to say "
You bashers are batting 1000% for backing up your facts. Whenever the Post quotes sources......They mean they are making it up for the headlines. Why do you think the Post is regarded as one of the lowest trusted rags in the industry. Anytime the Post reports anything, rest assured they got their info from the bag lady down the street. LMAO