MLMs

With the chairperson of the Federal Trade Commission stepping down on February 10, proponents of multi-level marketers (MLMs) have reason for tentative hope. Edith Ramirez, a known opponent of MLMs, had widely criticized elements of the business model as illegitimate and denounced corporations...

The dramatic saga of Herbalife Ltd. (NYSE: HLF) added a vocal new character over the weekend as John Oliver, host of HBO’s “Last Week Tonight,” weighed in on Herbalife and other multi-level marketing (MLM) companies. Herbalife and its recently-departed former CEO Michael...