We have to digress from Genting a bit given that this story is probably worth telling. We shall get back to Genting soon, hopefully the stock stays low!
Ok, Herbalife, as most people would know, is an MLM scheme. MLM stand for multi-level marketing which is a legalized form of pyramid or ponzi scheme. We shall get into this in more detail later. Back to Herbalife. Herbalife sells some nutrition stuff by recruiting people to sell to their friends and their friends hopefully sell to even more friends. Herbalife claims that its products are healthy, very good for the body and apparently also help with weight management! What's more, the seller can make impressive passive income by become a distributor selling Herbalife products to others. It has operations all over the world, including Singapore and it has made huge monies. In recent years, revenue is close to USD 5 ......