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Originally Posted by Zeke
@sammyg2, look I get your point and no one is kidding anyone about MLM sales structures. And yet, there they and many others are, still in business and still selling product. I've never participated selling or buying. I have a cousin who sells some nutrient product and he makes a living whereas beforehand he couldn't keep a steady job because of some mental issues like undue stress and not being able to focus. Let's not diagnose him, just approve of the fact that he can do MLM and no one has taken a shot at him after 10 years. Go figure.
I'm known here as sometimes a devil's advocate. The truth of the matter is that I do not regard anyone's opinion about anything as useful unless this person is my doctor and I will question him. I take every piece of information at face value and don'tfollow trends. Avoid them if I can just so I'm not ever recognized as a part of a trend.
Bill Ackman lost his ass and Herbalife is still there in the big building on the 405. That's fact. Fines? Common as flies in the business world. How many fines has your oil industry paid out?
The wooden stake may now have been taken out towards MLM operatives because of the new tax laws. Being in a MLM offered a nice tax write off if the money wasn't great. I mean how easy is it to keep a driving log and happen to have an appointment at the far end of any day's errands. All you need is a PO box in a shopping center nearby and after you pick up your mail, you've left the office and mileage is (was) deductible. As is your phone, etc.
Look at the real world and turn Fox news off along with a comedian who mocks news stories. BTW, I hated Jon Stewart. Nothing funny about that guy. Stephen Colbert, just a clone idiot.
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MLMs are pyramid schemes with victims. Over 99% of all people who get involved lose money (according to the federal trade commission). Good for your cousin for getting into the pyramid early
Yes, Herbalife is still around, so if the mafia.
Herbalife does more damage and rips more people off.
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$200 million fine by the FTC is not common. It is extraordinary.
When lifelock was caught lying to customers, the FTC fined them $12 million
How about tiktok? $5.7 million, a record.
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FTC Fines Owners of TikTok App $5.7 Million for Illegal Collection of Children's Data
The fine is the largest ever in the U.S. for violations of children's privacy
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Google got fined $22.5 million for stealing and selling everyone's personal information.
If you add up all the fines levied against all the robocallers in history, the total is just over $200 million. Or about the same as they fined Herbalife.
And the oil industry does not belong to me. I wish it did. I'd be really rich.
I don't even work in the oil industry, haven't for a few years.
I'm getting paid to do research on biomass renewables, with your tax money. Thanks
But since you brought it up: Exxon was fined $25 million, plus costs and restitution for the exxon valdez spill.
BTW that Ackman guy on off the 405 who lost his ass?
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William Ackman · Net worth
$1.12 billion USD
(2019)
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