What if Herbalife is a Pyramid/Ponzi scheme?
If the investigating authorities conclude that Herbalife is such a scheme, then what are the ramifications?
Will Herbalife be forced to close? Will the central authority figures in Herbalife face criminal or civil prosecution? It is too early to begin any type of sweeping or final statemenets on the matter.
If Herbalife is found to be a Pyramid scheme, it will be one of the largest in history. Not so much in terms of money as in Bernard Madoff's incredible scheme nor so much in terms of value. The real issue here will be: will all Multi-Level Marketing schemes now be labeled as Pyramid schemes? Will this mean the end of MLM schemes?
It certainly would prompt a more careful review of MLM schemes and would also force the purveyors of MLM scheme to seriously wonder if it is worth it to create such schemes. There probably would issue new laws or regulations concerning such schemes.
If the investigating authorities conclude that Herbalife is such a scheme, then what are the ramifications?
Will Herbalife be forced to close? Will the central authority figures in Herbalife face criminal or civil prosecution? It is too early to begin any type of sweeping or final statemenets on the matter.
If Herbalife is found to be a Pyramid scheme, it will be one of the largest in history. Not so much in terms of money as in Bernard Madoff's incredible scheme nor so much in terms of value. The real issue here will be: will all Multi-Level Marketing schemes now be labeled as Pyramid schemes? Will this mean the end of MLM schemes?
It certainly would prompt a more careful review of MLM schemes and would also force the purveyors of MLM scheme to seriously wonder if it is worth it to create such schemes. There probably would issue new laws or regulations concerning such schemes.
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