- what has become popularly-known as 'Multi-Level Marketing' is nothing more than an absurd, cultic, economic pseudo-science.
- the impressive-sounding made-up term 'MLM,' is, therefore, part of an extensive, thought-stopping, non-traditional jargon which has been developed, and constantly-repeated, by the instigators, and associates, of various, copy-cat, major, and minor, ongoing organised crime groups (hiding behind labyrinths of legally-registered corporate structures) to shut-down the critical, and evaluative, faculties of victims, and of casual observers, in order to perpetrate, and dissimulate, a series of blame-the-victim rigged-market swindles or pyramid scams (dressed up as 'legitimate direct selling income opportunites'), and related advance-fee frauds (dressed up as 'legitimate training and motivation, self-betterment, programs, recruitment leads, lead generation systems,' etc.).
President Donald Trump has been deeply-involved in 'MLM' racketeering, both as a paid-pitchman for 'ACN' and as another parasite - peddling the secrets of how to achieve success to the transient adherents of various 'MLM' rackets around the world. I personally would contend that, had he been held fully to account for these many crimes, Donald Trump would currently be sat in a federal prison cell. Mysteriously, to date, neither the mainstream media nor the FBI has ever pursued a rigorous investigation of these shameful matters.
|Carl C. Icahn (b. 1936)|
'With President Trump's blessing, I ceased to act as special adviser to the president on matters relating to regulatory reform.'
With an irony close to exquisite, yesterday Donald Trump's long-time pal, Carl Icahn, announced that he is no longer the President's (unofficial non-salaried) 'special adviser on regulatory reform.' That said, it has also been reported that Carl Icahn was fired earlier this week, but how anyone can be fired from an unofficial post has not been explained.
|Patrick Radden Keefe|
Perhaps it's just a coincidence, but these tragicomic developments have so-far been completely overshadowed by the headline-grabbing departure of Steve Bannon. However, they came just before a major article by Patrick Radden Keefe was published online cataloguing some of Carl Icahn's extraordinary conflicts of interest.
Although the 'New Yorker' article appears to be comprehensive, it doesn't detail the following.
In the last 4 years, Carl Icahn has acquired around 22.9 millions shares (or 24% of the shares outstanding) of the legally-registered 'MLM' racketeering front-company known as 'Herbalife.' On paper, this ultimately-valueless holding still appears to be worth more than one billion US dollars. This is despite the fact that, after a protracted investigation (and timid ruling) by the US Federal Trade Commission, it is now public knowledge that 'Herbalife's' declared revenues have mainly derived unlawfully via tens of millions of ill-informed persons around the world having been lured into, and churned through, the pay-through-the-nose-to-play pernicious 'Prosperity Gospel' game of make-believe known as the 'Herbalife MLM Income Opportunity.'
'Herbalife's' jaw-dropping defence (which Carl Icahn has enthusiastically supported) is that:
this never-ending chain of 'Herbalife' recruits (who, since the company's instigation in 1980, have been arbitrarily defined in their contracts as 'Distributors/Independent Business Owners' i.e. non-salaried commission sales agents) weren't unwitting losing victims in a fraudulent pyramid scheme: they were 'Herbalife's customers' - the fully-informed 'Members' of a form of 'discount club.'
Since the FTC launched its investigation, the 'Herbalife' bosses have altered the wording of the company's take-it-or-leave-it annual contracts.
Fraudulent 'Herbalife' material like this, has supposedly now been banned by the FTC, but for decades, senior US regulators have been turning a blind eye to this form of blame-the-victim cultic racketeering.
During the administration of George W. Bush, Timothy Muris ( an attorney who had worked for 'MLM' racketeers) was appointed as the Chairman of the FTC. However, this is just the tip of an iceberg of regulatory corruption.
'MLM' racketeers have been allowed to infiltrate US regulatory bodies simply by offering lucrative employment contracts to senior US regulators (like Pamela Jones-Harbour who currently works for 'Herbalife').
David Brear (copyright 2017)