Whoa, now you tell me:
The FBI is investigating Herbalife Ltd., the nutrition and weight loss company that hedge fund manager William Ackman has called a pyramid scheme, sources familiar with the investigation said Friday.
The news, first reported by the Financial Times, sent the company's stock price down nearly 14 percent.My first exposure to Herbalife came 25 years ago. We had relatives who used it and sold it. At one point, they suggested it as a replacement for actual cancer fighting medications.
Yes, as a replacement.
In any event, Herbalife is no different than Amway or whatever crap you get roped into selling. It's always been a Ponzi scheme. If it wasn't a Ponzi scheme, it wouldn't have distributors and sellers and people GODDAMNED DESPERATE to get you to buy it so they can climb one rung higher and breathe a little easier before the whole thing crashes down around them.
It's basically just repackaged edible bullshit. That's all. At this rate, it'll be 2089 before the FBI figures out that Scientology is a cult.