Five months after Herbalife was reported to be working on a settlement to resolve a federal probe into its often controversial business practices – or what some people claim is a pyramid scheme – the company has agreed to restructure its business model and pay $200 million to consumers who purchased large quantities of its products and lost money. [More]
Nearly two years ago nutritional company Herbalife revealed that it was under investigation by the Federal Trade Commission for its often controversial business practices, or what some people claim is a pyramid scheme. Now, it looks like the company is ready to put the federal probe behind it. [More]
For more than a year, some have accused nutritional supplement company Herbalife of operating a pyramid scheme and called for federal authorities to investigate the business. Today, the company confirmed that it is indeed under investigation by the Federal Trade Commission, though it did not reveal exactly why. [More]
Amway! There, we just saved you the trouble of reading Pro-Sumer Power!, Bill Quain’s riveting get-rich-quick book from 2000, which Alan Scherstuhl found in a thrift store recently and recaps for your amusement over at the Village Voice. You see, producers make money. Consumers spend money. And Pro-sumers make money while they spend. Still not clear? You’re a banana when you should be some sort of banana-gorilla hybrid.