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ROD COOK
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Fraud Discovery Institute Retracts ALL Herbalife Accusations
SHOWS CONSUMER AWARNESS INSTITUTE (CAI) FRAUD
LOS ANGELES, Aug 22, 2008 (from PR Release below) -- Herbalife and the Fraud Discovery Institute announced today that the Fraud Discovery Institute retracts its accusations against multi-level marketer Herbalife. Why? To avoid having his pants sued off for lying!
Upon further investigation (under heat) by convicted felon FDI founder Barry Minkow, the Fraud Discovery Institute became convinced that Herbalife employs systematic internal controls, including the use of outside, independent laboratory testing, which ensures their products are manufactured safely and in compliance with California law. It is evident to the Fraud Discovery Institute that Herbalife produces products that are safe, and that the company strives for continuous improvement in product quality.
The Fraud Discovery Institute immediately withdrew accusations against Herbalife, including any Proposition 65 flaky allegations Minkow made related to Herbalife products and any criticism against the Herbalife business model.
Ur Editors strong opinion: So this means all the documentation about MLM and Herbalife produced by the CONSUMER AWARNESS INSTITUTE was a lie too! Jon Taylor and Robert Fitzpatrick proven to be producing fraudulent material and statements about the MLM - Network Marketing industry. So here is a summary of this Editors strong opinion:
THE MLM INDUSTRY THANKS BARRY MINKOW FRAUD DISCOVERY INSTITUTE
THANK YOU BARRY MINKOW FOR RE - INFORCING THE FACT THAT MLM IS A GOOD BUSINESS MODEL AND THAT THE CONSUMER AWARNESS INSTITUE IS A FRAUD! IN FACT WE MIGHT SUM IT UP....... THE FRAUD DISCOVERY INSTITUE GOT CONNED BY THE CONSUMER AWARNESS INSTITUTE RAN BY JON TAYLOR AND ROBERT FITZPATRICK.
HERBALIFE PROVES MINKOW, TAYLOR & FITZPATRICK LIARS
Ur Editors opinion note: Last November (see below) the Fraud Discovery Institute alleged that Herbalife was running a pyramid scheme in China. It is now evident that FDI (fraud discovery institute) just created this myth to drive down the price of Herbalife stock (short selling). The Chinese government has hung people (yes, really) for running pyramid schemes in China. Another FDI myth disproved. The Watchdog has issued opinions that the Fraud Discovery Institute has engaged in "ILLEGAL SHORT SELLING." See (opens new window): MLM lies and myths Minkow, Taylor & Fitzpatrick
Herbalife Receives Approval for Five Provincial Direct-Selling Licenses in China
LOS ANGELES, Jul 20, 2008 (BUSINESS WIRE) -- Herbalife Ltd. (HLF) , a global nutrition and direct selling company, announced that China's Ministry of Commerce has granted five additional licenses for the company to conduct direct-selling business in the provinces of Beijing, Guangdong, Shandong, Zhejiang and Guizhou. All licenses are effective immediately, except Beijing which will be activated after the company opens service outlets.
Herbalife received its first direct-selling license in China in March 2007 for the cities of Suzhou and Nanjing in the Jiangsu province. An additional license was granted in July of the same year to conduct business throughout the entire province.
"We are honored to receive these additional licenses from the Chinese government," said Herbalife Chairman and CEO Michael O. Johnson. "We appreciate this opportunity to expand our business in this important marketplace."
The company today also announced the opening of its store in Shanghai. Herbalife now operates 91 retail stores in 30 provinces in China.
About Herbalife Ltd.
Herbalife Ltd. is a global network marketing company that sells weight-management, nutrition, and personal care products intended to support a healthy lifestyle. Herbalife products are sold in 65 countries through a network of more than 1.8 million independent distributors. The company supports the Herbalife Family Foundation and its Casa Herbalife program to bring good nutrition to children. Please visit Herbalife Investor Relations for additional financial information.
HERBALIFE SAYS NO LEAD ISSUE!
LOS ANGELES, June 8, 2008 – Testing conducted at a leading independent laboratory has confirmed that Herbalife products do not contain levels of lead that would require labeling under California Proposition 65 disclosure requirement. The company added to its ongoing compliance program by conducting extensive retesting of multiple product batches at the prestigious Independent Laboratories Covance (for U.S.) and Eurofins (for EU) before responding to recent allegations.
There was never any health or safety issue with Herbalife products. Inaccurate and misleading information released by a group that calls itself an independent fraud-discovery organization led to sensational media and online news coverage. The group’s founder, Barry Minkow admits profiting from “puts” on Herbalife stock.
“It’s very easy to create fear by using words like ‘lead’ and ‘dangerous’ together,” said Herbalife Chief Scientific Officer Steve Henig, Ph.D. “and then add the word ‘children’ to make it even scarier. It’s a fact that many natural and processed foods including vegetables and dairy products as well as our products, which are made with natural ingredients, contain extremely small amounts of naturally occurring lead that can be detected by today’s highly sensitive analytical methods but are insignificant in posing any risk to consumers.” Rod Cook Ur Editor: Ok, we just saw a convicted felon, Minkow, and his Anti-MLM team Robert Fitzpatrick and Jon Taylor Phd (pud) all caught in a pack of lies...
READ ON: BARRY MINKOW = WAS FRAUD DISCOVERY INSITUTE AND THOSE ASSOCIATED
WORKING ON PULLING AN ILLEGAL STOCK SCAM?
HERBALIFE DEFENDS ON CNBC'S MAD MONEY
May 21 2008 --Jim Cramer host of "Mad Money" stock show goes on a rant about Herbalife and then the CEO of Herbalife comes on the show and does a good defense of Herbalife about Minkow, lead and Spain problems.
HERBALIFE ATTACKED ON LEAD IN PRODUCTS
X-con Minow Attacks Herbalife Again!
May 21 2008 --The Fraud Discovery Institute (FDI), run by convicted felon Barry Minkow, a financial fraud watchdog group, released an alert May 19 alleging dangerously high levels of lead found in six common Herbalife (NYSE: HLF) products. FDI's investigation included product analysis by an FDA-registered lab and a review of medical literature, Herbalife’s product literature and various peer reviewed medical journal articles of Herbalife products and possible hepatoxicity. Minkow is trying to create a drop in the price of the stock because he has “shorted” the stock.
Herbalife fired back this reply, “It is irresponsible to equate Prop 65, which concerns disclosure, with the safety of our products.” The company explained Prop 65 is a consumer disclosure and labeling statute requirement, which mandates disclosure of the presence of any of approximately 800 specified chemicals (including lead) under certain circumstances. “Our products fall within FDA-suggested guidelines for the amount of lead that consumers can safely ingest through their diet and the FDA sets specific limits on lead content in certain foods,” the company countered. “Our products include natural ingredients, and trace levels of naturally occurring lead is present in virtually all natural ingredients.” Herbalife added this is not a question of contamination resulting from the manufacturing process or unsafe handling, noting several common foods, such as chocolate, have come under question of Prop 65 in the past. The company further stated: “We follow established written quality assurance and quality control procedures. We stand behind the safety of our ingredients and products.”
HERBALIFE UNDER ATTACK BY EX - CON AGAIN!
X-con Minow Attacks Herbalife Again!
24 April 2008
Ex-con who claims to have turned fraud fighter ‘Barry Minkow’ has released a press release attacking Herbalife (NYSE: HLF). The convicted felon called the company a "financial crime in progress," he wrote about the "Top Ten Red Flags of Fraud at Herbalife."
Minkow says that the venerable Herbalife is, "a global network marketing company that sells weight-management, nutrition, and personal care products intended to support a healthy lifestyle," but Minkow says it is a fraud.
Minkow wrote about a number of Corporate Executives dumping stock and share repurchases he thinks are indications that the company's business model is not sustainable. He also hired a private Investigator that discovered Gregory Probert, the president and chief operating officer did not have an M.B.A. as he claimed.
Editors Note: In the report Minkow wrote that "Herbalife's expansion has reached over 80 percent of the world's population". Ed. Note: I bet Herbalife wishes this were true!
Minkow disclosed he has a short position in the stock and reported that "In April of 2008, Mr. Minkow once again had an in-person meeting at the Los Angeles office of the Securities and Exchange Commission and informed the Commission that he was now shorting Herbalife stock to finance the continued investigation of Herbalife in China and to produce You Tube videos of Herbalife victims. He also said he gave the FBI and SEC copies of his trading account.
Last year, Minkow pulled a similar trick with Usana Health Sciences (NASDAQ: USNA), another MLM company. The SEC looked and it and dropped it’s investigation NO action. However USANA shares dropped from $40-$50 bucks a share down to $20-30 despite the fact first Quarter earnings 2008 were above first Quarter 2007. At the time of this writing Herblife has dropped from about $46-50 bucks a share to $44-48 not bad.
Tags: barry minkow, BarryMinkow, herbalife, HLF, Minkow, Usana, USNA
Minkows Press Release with his normal hype to get stock to go down:
BARRY MINKOW (WITH SHADY PAST) ATTACKS CHINESE OPERATIONS
Attacks Herbalife operations China claiming they are in violation of their agreement with the Chinese Government. Minkow is the guy that slammed USANA and is being sued by them. Minkow is famous for his junk bond scandal of that put him in jail (actually Club Fed).
Edited: HERBALIFE PRESS RELEASE REPLY
LOS ANGELES, Nov 05, 2007 (BUSINESS WIRE) -- HLF Herbalife (NYSE:HLF) issued a statement in response to a letter written by Barry Minkow of the Fraud Discovery Institute.
We have confidence in our direct-selling business model, our integrity and transparency as a NYSE-listed company and the fundamentals of our business. With regard to our business in the People's Republic of China, the Chinese government thoroughly reviewed our company, our global operating model and our specific operating plan in China as part of the licensing process. We received our first direct-selling license in China in March 2007 and subsequently received an expanded license in July 2007, which further validated the legitimacy of our operating plan in China. We believe our China marketing plan is compliant with all applicable laws, as are our marketing plans and business practices worldwide.
Barry Minkow states in the footnotes to his letter, he is hoping to use video gathered during his investigation as a stepping stone to a weekly television show that will benefit him financially. Minkow is a convicted felon trying to create a sensational story by drafting a 90-page letter, cobbling together one-party consent undercover video and calling it "evidence."
We stand behind the integrity of our company
.
Link to full relelease: http://www.tradingmarkets.com/.site/news/Stock%20News/786843/
BARRY MINKOW (WITH SHADY PAST) NEXT COMMENT
“In fact, if the company can demonstrate that no less than 90 percent of its distributors actually do not fail within 12 to 14 months after starting an Herbalife business, then FDI will recant all of the reports’ findings, take down the doomed by design Web site, stop filming the documentary and write a formal apology to Mr. Johnson and the Board - but the reason no specific answers were given in writing in defense of the company fundamentals - which is the very motive for our report, is that Herbalife knows over 82 percent of all the compensation paid to distributors goes to less than 1 percent of its 1.5 million ‘doomed to failure’ distributors.”
DID MINKOW PULL A COUPE BY SHORTING HERBALIFE STOCK? LIKE USANA?
Don't think so! Dip not a Dive! Click Below
.Tags: barry minkow, BarryMinkow, herbalife, HLF, Minkow, Usana, USNA
