So from an outside perspective, it seems that Herbalife is a multi-level marketing company, or MLM. If you've ever wondered if Herbalife is a pyramid scheme, you're not alone. Legally, Herbalife is not considered a pyramid scheme, although there is controversy surrounding this, as it focuses on recruitment. According to hedge fund manager Bill Ackman, Herbalife, a global MLM scheme that is also prevalent in India, is worthless, according to hedge fund manager Bill Ackman, who gave a detailed presentation on why consumers should avoid buying the company's products and stay away from the MLM.
This is the first part of a three-part series. On a warm Sunday afternoon, you might find a group of young and old people embracing each other, for example, at Café Coffee Day, listening to a very lively team leader, motivating them and giving a very passionate speech. Come closer, you will hear the team leader motivating all members of the group to generate leads to create more “businesses” and, at the same time, “educate” them about various (dubious) products to sell. What is this “business” they are talking about? You come up and ask.
They will sell a nourishing powder, which you haven't seen anywhere else and which is supposed to make you strong and muscular. But this goes beyond the nutritional supplement. This is Herbalife, a multilevel marketing (MLM) scheme that is prevalent not only in India but all over the world. Along with QNet and SpeakAsia, Herbalife has been in the spotlight recently.
Herbalife only sells its dubious products here. In the United States, it is a publicly traded stock. If you believe well-known hedge fund manager Bill Ackman, the company operates one of the largest pyramid schemes. Herbalife is just one of hundreds of pyramid or MLM schemes.
All of them will impoverish you. Pay attention to what the billionaire activist and hedge fund manager and his outstanding team of researchers have discovered. Herbalife is an MLM program that “sells” nutritional and weight management products in up to 84 countries and has been doing so since 1980. They are a “nutrition club”, a hiring tool for Herbalife, which is a multilevel marketing plan (MLM, also known as a pyramid scheme), and to which they add Herbalife to their beverages.
Their response is to mock and manipulate, but if it's an Herbalife nutrition club, it's probably also a lie. Herbalife nutrition clubs that pose as family health stores and lie about their products and business practices are false and dishonest. MLMs exploit personal networks and, with nutrition clubs, are doing the same at the community level, taking away opportunities for honest small business owners. Louis Ignarro, PhD, is a member of the editorial board of the Herbalife Nutrition Institute and a member of the Herbalife Nutrition Advisory Board.