So the NY Post reported that Canada’s top consumer regulator has launched a formal inquiry into pyramid scheme complaints made against Herbalife.
Federal Trade Commission Chair Edith Ramirez is also feeling the heat to investigate it.
Herbalife, a multi-level marketer, has strongly denied allegations it is a pyramid scheme. The FTC said a company can be considered a pyramid scheme if its distributors make more money from recruitment than from selling product to consumers outside the network.
Multi-level marketing, network marketing….ponzi scheme? As far back as I could remember these things have come and gone. Amway, Mary Kay etc etc. Some are also saying that Organo Gold also qualifies as a pyramid scheme.1040 US Singapore
I am by no means criticizing the business model. After all, it does work for those that get in early enough. To everyone else….good luck!