Miguel Calderon thought he was part of the American Dream when he heard about Herbalife. You put your money to work to make more money, he believed. He started with an $11,000 investment, using his savings that he earned while working at Abbott Laboratories.
But every time the Waukegan resident asked why all of his efforts for the nutrition and diet company failed to yield any profits, he was told he needed to invest more. By the time he realized there were no profits to be had, he had invested more than $20,000 in what a Latino advocacy group says is a pyramid scheme that preys on immigrants, in particular.
"Herbalife knows Latinos are easily victimized because they face barriers in language, and culture and legal status,’’ said Julie Contreras, president of the League of Latino American United Citizens of Lake County. “We came out and supported Attorney General Lisa Madigan in her election, now we want to see her support our community.’’ Read more »