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Herbalife Ltd. Message Board

  • singhlion2001 singhlion2001 Mar 19, 2013 5:59 PM Flag

    FTC/SEC will have no choice but to declare this a Pyramid Ponzi scam and will have to Ban it in USA

    Herbalife INTERNATIONAL AT HOME DISTRIBUTOR Liars, Moneyhungry, Jerk-offs Internet
    *General Comment: Herbalife
    A ferw months ago, I was looking online for a job that I could do at my home to help my boyfriend with our household bills. I stumbled upon a company named Herbalife. I signed up and got my starter kit a few weeks later.

    The website said that there would be no inventory to manage, and no costs, other than the starter kit which was $9.95. A few days into the program, they sent me a sample kit. It cost me $150.00!

    I wasn't too upset about that. But then a week later, during a training phone call, they said I needed to make a supervisor order. I figured that they would be keep the product at their warehouse, and that the order would be paid for when it was bought by other customers.

    They wouldn't tell me how much the order was, and they did not say they would be charging my account. You can imagine my anger and surprise when, a week after that, I open my front door, and see 8 boxes on my doorstep! I looked at the price on the order list, and it was $3,500!

    I recieved an overdraft statement from my bank the next day, and there was the $3,550! On top of that, I had to sign up for their I-office, which was another $9.95. I ended up spending almost $5,000 on a company that promised no additional start-up cost!

    Herbalife is a money hungry, lieing bunch of a**es. Anyone who has thought about or has signed up with them, ditch this company! They will get money out of you anyway they can.

    I still have boxes of product in my house, because I don't have the money to ship it back. They broke me, and then they expected me to pay to ship the product back to them, which would cost me another $116.00!

    Sentiment: Strong Sell

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    • when will criminal watch dogs bark next?lol

      Sentiment: Strong Sell

    • singhlion2001 • 2 hours 22 minutes ago 2users liked this postsusers disliked this posts1Reply
      Herbalife bills itself as “the best business opportunity on the face of the earth” and promises its recruits vast sums of money, but it really distinguishes itself in only one important way: 88% of distributors receive from HLF $0 in “gross compensation” (before expenses)
      Herbalife bills itself as “the best business
      opportunity on the face of the earth” and
      promises its recruits vast sums of
      money, but it really distinguishes itself in
      only one important way:
      88% of distributors receive from HLF
      $0 in “gross compensation” (before
      expenses)

      In its decades of operation, HLF has
      caused millions of consumers
      To suffer harm of
      billions of dollars

      HLF is an organization in which distributors earn more than 10 times as
      much from Recruiting Rewards as they do by selling the company‟s
      overpriced products to bona fide retail customers(1)
      “Herbalife‟s entire business model appears to incentivize primarily the
      payment of compensation that is „facially unrelated to the sale of the
      product to the ultimate users because it is paid based on the suggested
      retail price of the amount ordered from [Herbalife], rather than based on
      actual sales to consumers” (2)
      The deposition of Jacqueline Miller in Herbalife v. Ford, No. CV 07-
      2529 (C.D. Cal. 2009), shows that, between 2006 and 2009, Herbalife
      disciplined fewer than 25 distributors for violating the 70 percent rule
      (fewer than 1 out of every 100,000 distributors)
      “For the latest twelve month re-qualification period ending January
      2005, approximately 60% of our supervisors did not re-qualify and more
      than 90% of our distributors turned over” (3)
      We estimate that in the 2006 – 2012 period ~1.1mm Sales Leaders
      failed and left the business, a ~90% failure rate (4)

      Sentiment: Strong Sell

    • Important Note: The Herbalife warehouse charges a non-refundable shipping and handling fee on every order

      Sentiment: Strong Sell

    • REGARDLESS of whatever whoever declares this...it's still gritty dessicated diet drink blender mix.
      10000s of these on market today - don't have to become a distrib to get (if anyone actually uses these) AND don't have to believe in 'miracles or magic' to use them. hahaha ...everyone knows this mlm stuff is malarky. dunno why everyone mad at Ack for just pointin' out Emps' got no clothes! silly geese...

    • Retail suckers , LION warns you all to get out before it is too late

      MF criminal Carl Icahn is trapped for great kill and Great ACKMAN bait got him trapped

      This pyramid ponzi must face seize and desist orders

      Sentiment: Strong Sell

      • 2 Replies to singhlion2001
      • SINGING LION......GET A LIFE (PLEASE!!)

      • Structural questions about Herbalife's business model include:
        Payment of fees and purchases by participants to gain recruitment-based rewards.
        Reward program that is based on distributor purchases and which one federal court stated, is "facially unrelated to the sale of the product to ultimate users because it is paid based on the suggested retail price of the amount ordered from [Herbalife], rather than based on actual sales to consumers."
        Highly leveraged, multi-level sales chain that serves no sales management function but very effectively siphons funds from a huge base of new recruits to the top recruiters; it also structurally renders the chances virtually nil for the bottom level recruits to rise on the ever-widening chain.
        Payout formulas that transfer the majority of all rewards, per sale, to the 1% at the peak of the sales chain
        Accounting system and compensation policy in which purchases by the supply chain - not open market retail sales - are counted as "final sales" that directly fund the pool of rewards for earlier recruiters.
        Historical Precedent: The Enron Model Analysis

        In modern years, the closest Wall Street has come to a Herbalife-like debate about the business model of a major corporation was the post-mortem analysis of Enron's business model, which in its heyday also claimed to be unique and "innovative." It too dazzled analysts with fast growth and record profits.

        Enron's model was based on the same key characteristics that William Ackman accused Herbalife of exhibiting. Famously designed by the "smartest guys in the room," Enron's model employed mark-to-market accounting that posted current profits based on anticipated events, and placed enormous debt and losses into "special purpose entities" off the balance sheet.

        Distributor Channel Losses as "Special Purpose Entities"

        William Ackman effectively compared the multi-billion dollar losses incurred by millions of Herbalife consumer/distributors to a "special purpose entity" that does not

        Sentiment: Strong Sell

 
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