You’ve heard about them on Facebook. You might have seen them on television. You may even have been solicited by one of their millions of employees promising to save your very existence.
We’re of course talking about Herbalife.
But this isn’t Herbalife as we know it. The company, self-described as a “multinational multi-level marketing corporation” (doesn’t that just stir you with confidence?) may be about to walk the straight and narrow.
That’s because last month, the conglomerate was ordered by the Federal Trade Commission (FTC) to go legit and pay a $200 million fine after falling victim to allegations of “unfair and deceptive practices.”
You’d have to have been living under a rock for the past decade or so to not be aware of just what these “deceptive practices” alluded to, with Herbalife not only promising out-of-whack results for users of their products but also lavish lifestyles for anyone cheap enough to become a distributor.
The fine may be a small dent for a company that boasts annual revenue upward of $3 billion, but as we’ll discuss ahead, every little bit helps in the fight against an international beast.