My recent encounters with MLM pyramid scams: WAKEUPNOW, VISALUS, 5LINX and LIMU
- Thread starter Stuntone
- Start date
King Crimson
Member of a very exclusive gang
"You gotta have heart. They have heart."
Absolutely disgusting. He ought to be ashamed of himself. He knows good and well he'd never be involved in any 5Linx. Between the Rush Card and this, he's dead to me.
chief_keef_stan
lil' haitian nikka
this homeboy at my church was beggin me to get into wakeupnow for 100 bills n I was almost about to
I did research on it online and found out to legit make money the ppl u refer have to always continue to be active
fuk kinda bull is that so I have to make sure all these ppl stay using wakeupnow
couple other of ppl im chill with tryna get me into that veema water bullshyt, I be tellin these nikkas I aint a fukin business man n nikkas I kno aint even fukin with energy drinks like that
man Im boutta lose some good friends ova this bullshyt
fuk yall
I did research on it online and found out to legit make money the ppl u refer have to always continue to be active
fuk kinda bull is that so I have to make sure all these ppl stay using wakeupnow
couple other of ppl im chill with tryna get me into that veema water bullshyt, I be tellin these nikkas I aint a fukin business man n nikkas I kno aint even fukin with energy drinks like that
man Im boutta lose some good friends ova this bullshyt
fuk yall
Isn't he the same dude who posted that Harriet Tubman stuff on twitter?"You gotta have heart. They have heart."
Absolutely disgusting. He ought to be ashamed of himself. He knows good and well he'd never be involved in any 5Linx. Between the Rush Card and this, he's dead to me.
King Crimson
Member of a very exclusive gang
What Harriet Tubman stuff? I'm not up on Twitter like that.
As I was saying about Herbalife 
Herbalife Shares Decline on Criminal Inquiry News
Herbalife shares plunged late Friday afternoon after a news report linked the diet supplements company to a criminal investigation.
The Financial Times reported that federal prosecutors and the F.B.I. were scrutinizing Herbalife, news that ignited a sell-off in Herbalife shares. The stock finished the day down nearly 14 percent at $51.48.
The hedge fund manager William A. Ackman has staked a billion-dollar bet that the company is a pyramid scheme.
But it is unclear whether the F.B.I. investigation has gained much momentum. An official briefed on the matter told The New York Times that the inquiry had continued for several months without Herbalife receiving a subpoena. It is possible, the official said, that the authorities will close the case without taking action against Herbalife.
For its part, Herbalife cast some additional doubt, saying that it was unaware of any criminal inquiry. It would be somewhat unusual for authorities not to contact a company if a monthlong criminal investigation had yielded major breakthroughs.
“We have no knowledge of any ongoing investigation by the D.O.J. or the F.B.I., and we have not received any formal nor informal request for information from either agency,” Herbalife said in a statement. “Herbalife does not intend to make any additional comments regarding this matter unless and until there are material developments.”
The criminal inquiry coincides with civil investigations by theSecurities and Exchange Commission and the Federal Trade Commission. Both regulatory agencies, which face a lower burden of proof than criminal authorities, could fine Herbalife if they conclude its marketing practices amount to a pyramid scheme.
The investigations are focused on Herbalife’s direct-selling business model. The company distributes its diet shakes, supplements and other products through a network of sales representatives.
To show that it is operating within the law, Herbalife might have to demonstrate that it sells a majority of its products outside the sales network to consumers. If authorities conclude that the bulk of Herbalife’s revenue is derived from recruiting rather than sales, then the company could face a regulatory action.
Trading in Herbalife has become something of a blood sport for hedge fund managers and billionaire investors, particularly Mr. Ackman and Carl C. Icahn. For nearly 18 months, the two wealthy investors have squared off over the company, with Mr. Ackman and his firm, Pershing Square Capital Management, wagering the company is an illegitimate pyramid scheme, and Mr. Icahn betting the company will survive all legal scrutiny.
Mr. Ackman heavily lobbied the S.E.C. and F.T.C. to open an investigation into Herbalife’s marketing practices. He has pledged to take to the fight to the “end of the earth.”
Other hedge fund managers have been in and out of Herbalife shares, even as Mr. Ackman and Mr. Icahn have stood their ground. Last year, the billionaire investor George Soros and Daniel Loeb, chief of the hedge fund Third Point, made money by betting that Herbalife’s stock price would rise.
Before Mr. Ackman disclosed in December 2012 that his hedge fund had taken a $1 billion short position against Herbalife, James Chanos, one of Wall Street’s best-known short-sellers, had briefly bet on the stock’s decline.
Short sellers make money by borrowing shares and betting a stock price will decline in hopes of purchasing those shares at a lower price and pocketing the difference after they close out their position. The risk for short sellers is that if a stock continues to rise, their potential losses can become so great they have no choice but to exit the stock.
Shares of Herbalife are about $11 above the price the stock was trading at when Mr. Ackman disclosed that he was betting against the company’s fortunes.
http://dealbook.nytimes.com/2014/04...-criminal-inquiry/?_php=true&_type=blogs&_r=0
My newsfeed already looking different
Herbalife Shares Decline on Criminal Inquiry News
Herbalife shares plunged late Friday afternoon after a news report linked the diet supplements company to a criminal investigation.
The Financial Times reported that federal prosecutors and the F.B.I. were scrutinizing Herbalife, news that ignited a sell-off in Herbalife shares. The stock finished the day down nearly 14 percent at $51.48.
The hedge fund manager William A. Ackman has staked a billion-dollar bet that the company is a pyramid scheme.
But it is unclear whether the F.B.I. investigation has gained much momentum. An official briefed on the matter told The New York Times that the inquiry had continued for several months without Herbalife receiving a subpoena. It is possible, the official said, that the authorities will close the case without taking action against Herbalife.
For its part, Herbalife cast some additional doubt, saying that it was unaware of any criminal inquiry. It would be somewhat unusual for authorities not to contact a company if a monthlong criminal investigation had yielded major breakthroughs.
“We have no knowledge of any ongoing investigation by the D.O.J. or the F.B.I., and we have not received any formal nor informal request for information from either agency,” Herbalife said in a statement. “Herbalife does not intend to make any additional comments regarding this matter unless and until there are material developments.”
The criminal inquiry coincides with civil investigations by theSecurities and Exchange Commission and the Federal Trade Commission. Both regulatory agencies, which face a lower burden of proof than criminal authorities, could fine Herbalife if they conclude its marketing practices amount to a pyramid scheme.
The investigations are focused on Herbalife’s direct-selling business model. The company distributes its diet shakes, supplements and other products through a network of sales representatives.
To show that it is operating within the law, Herbalife might have to demonstrate that it sells a majority of its products outside the sales network to consumers. If authorities conclude that the bulk of Herbalife’s revenue is derived from recruiting rather than sales, then the company could face a regulatory action.
Trading in Herbalife has become something of a blood sport for hedge fund managers and billionaire investors, particularly Mr. Ackman and Carl C. Icahn. For nearly 18 months, the two wealthy investors have squared off over the company, with Mr. Ackman and his firm, Pershing Square Capital Management, wagering the company is an illegitimate pyramid scheme, and Mr. Icahn betting the company will survive all legal scrutiny.
Mr. Ackman heavily lobbied the S.E.C. and F.T.C. to open an investigation into Herbalife’s marketing practices. He has pledged to take to the fight to the “end of the earth.”
Other hedge fund managers have been in and out of Herbalife shares, even as Mr. Ackman and Mr. Icahn have stood their ground. Last year, the billionaire investor George Soros and Daniel Loeb, chief of the hedge fund Third Point, made money by betting that Herbalife’s stock price would rise.
Before Mr. Ackman disclosed in December 2012 that his hedge fund had taken a $1 billion short position against Herbalife, James Chanos, one of Wall Street’s best-known short-sellers, had briefly bet on the stock’s decline.
Short sellers make money by borrowing shares and betting a stock price will decline in hopes of purchasing those shares at a lower price and pocketing the difference after they close out their position. The risk for short sellers is that if a stock continues to rise, their potential losses can become so great they have no choice but to exit the stock.
Shares of Herbalife are about $11 above the price the stock was trading at when Mr. Ackman disclosed that he was betting against the company’s fortunes.
http://dealbook.nytimes.com/2014/04...-criminal-inquiry/?_php=true&_type=blogs&_r=0
My newsfeed already looking different
this homeboy at my church was beggin me to get into wakeupnow for 100 bills n I was almost about to
I did research on it online and found out to legit make money the ppl u refer have to always continue to be active
fuk kinda bull is that so I have to make sure all these ppl stay using wakeupnow
couple other of ppl im chill with tryna get me into that veema water bullshyt, I be tellin these nikkas I aint a fukin business man n nikkas I kno aint even fukin with energy drinks like that
man Im boutta lose some good friends ova this bullshyt
fuk yall
You've been hacking this bullshyt since the Coli started about MLM's. Just Stop it.. Primerica is just like the rest of the bullshyt out there..
I swear I'm going to bring one of these 5linx nikkaz down for ruining one of my homegirls life..Just wait on it
Fraud ass nikkaz taking videos in hotel business conference rooms acting like that's their office..You nikkaz just don't know the type of shyt these nikkaz is pulling out here in ATL.
He is.
Kenny West
Veteran
DrunkenNovice
Superstar
Man, I just left my moms house and I was talking to my young neice about her looking for work. So she says, yeah I'm getting ready to go up to the church with grandma, apparently the pastor told the congregation he has a "great opportunity" for the young people.
As soon as I heard her say that I knew the deal. I said "Ma, so what type of work is he saying he has?" she responds with "Something about prepaid legal" I look at my neice and hit her with
"that shyt is a pyramid scheme, if they ask you to put in money upfront don't do it."I told her to call me when she gets out the meeting to make sure she stayed strong.
TommyHilltrigga
Here comes THE BOOM!
When i was younger my mom used to hussle real hard for Mary Kay...tryna get that pink car...she realized it was all BS
and it would take years for her to get that Pink Car....who even wants to drive a pink car anways
and it would take years for her to get that Pink Car....who even wants to drive a pink car anwaysLook at this nikka frontin breh ..Oh that's your sky office?
this dude is retarded
I know someone who recently started with the whole Wakeupnow BS. Trying to convince her that the time she will spend working on that shyt won't even amount to what you can make with a minimum wage job in the long run.
But that dream they are selling to people is strong. I'll convince her to drop it by the summer though.
But that dream they are selling to people is strong. I'll convince her to drop it by the summer though.