Tag: Michael O. Johnson
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URGENT >> BULLETIN >> MOVING: Herbalife Must ‘Fundamentally Restructure Its Business,’ FTC Says In Settlement Announcement; Agency Brings Complaint In Federal Court That Alleges ‘Deceptive And Unlawful Acts And Practices’
URGENT >> BULLETIN >> MOVING: (13th Update 3:45 p.m. EDT U.S.A.) The FTC is going to federal court in the Central District of California, alleging that Herbalife engaged in “deceptive and unlawful acts and practices.” Separately, the agency announced a settlement with the company that will have Herbalife pay $200 million and change the way…
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DEVELOPING: Herbalife V. Twitter: More Latino Polarization?
UPDATED 3:33 P.M. EDT U.S.A. Herbalife International of America Inc. has sued Twitter Inc. in a reported bid to out the identity of a person posting on Twitter as @AfueraHerbaLIES and then potentially sue that person for defamation, Reuters and other media outlets are reporting. The PP Blog this morning identified the action as case…
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ACKMAN: ‘We Can Fight Pyramids With Our Own Pyramid’
2ND UPDATE 3:23 P.M. ET U.S.A. In another swipe at Herbalife and perhaps MLM recruiting schemes in general, activist investor Bill Ackman says he’s out to combat pyramid schemes by creating one himself. Ackman’s apparent tongue-in-cheek approach adopts a typical “tell five” MLM marketing technique as part of a bid to create Internet virality for…
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Ackman Channels TelexFree Ad Technique In New Herbalife Slam
Perhaps you remember the TelexFree ad by a promoter who introduced “Aunt Ethel” by way of an artist’s rendering and accompanying narration. Ads for MLMs and network-marketing “programs” that depict an artist’s hand “drawing” the story are somewhat common. The ads are designed to make you want to jump right in. After all, if the…
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EDITORIAL: Herbalife And Polarization In The Latino Community
The PP Blog’s take on Bill Ackman’s take on Herbalife is that the Los Angeles-based MLM firm dupes prospects into believing they’re boarding the bus to Disneyland, but it’s really the bus to Jurassic Park. Latinos, African Americans and other vulnerable populations pile on bus after bus and become financial protein for the pyramid scheme…