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Mitt Romney's Money Man

Posted: Sat Feb 25, 2012 10:05 pm
by Lambkin
http://www.dailyfinance.com/2012/02/24/ ... ndersloot/
Now we turn our attention to Frank L. VanderSloot, the billionaire businessman whose privately-held company, Idaho Falls-based Melaleuca, is one of the biggest donors to the super PAC backing Mitt Romney (Restore Our Future). He's also national finance co-chair of the former Massachusetts governor's campaign (somehow avoiding the legal barriers that are intended to keep super PACs separate from candidates' campaigns).
Melaleuca is essentially a pyramid scheme -- or, more politely, a "multilevel marketing firm," like Amway or Herbalife (HLF) -- in which so-called independent marketing executives make money by peddling the company's dietary supplements and cleaning products, as well as recruiting more salespeople (the newer recruits being on the lower levels of the pyramid).

Re: Mitt Romney's Money Man

Posted: Sat Feb 25, 2012 11:45 pm
by Doc Bunkum
Careful, Lambkin.

As that link also points out..
Writing about VanderSloot is a riskier endeavor than covering Adelson or Friess: As Glenn Greenwald of Salon.com has explained, VanderSloot is in the habit of threatening to sue just about anyone who puts his name in print, from local bloggers to Forbes magazine.
That might just be you he's looking for next. :whistle:

Re: Mitt Romney's Money Man

Posted: Sun Feb 26, 2012 4:54 pm
by soapboxmom
Frank Vandersloot is a lying sack of dukie and most obviously completely math imparied:

http://www.realscam.com/f9/melaleuca-scam-51/#post574

How can a guy who is unable to do calculations any self respecting junior high student could perform effortlessly get a job as the co-chair of finance????

Soapboxmom

Re: Mitt Romney's Money Man

Posted: Sun Feb 26, 2012 6:25 pm
by Number Six
I guess that explains why the Wikipedia article on him is so limited: http://en.wikipedia.org/wiki/Frank_L._VanderSloot

I have never been afraid of the consequences of telling the truth. The best action films out there have as their theme Davids battling Goliaths.

Re: Mitt Romney's Money Man

Posted: Sun Feb 26, 2012 9:01 pm
by Lambkin
Hey I never said anything about Malalucre anyway, I just pointed out a news article relating to MLM. I'm sure he was framed. Please don't sue me, kind master.

Re: Mitt Romney's Money Man

Posted: Wed Feb 29, 2012 2:27 am
by Doc Bunkum
Frank VanderSloot Honored as Entrepreneur of the Year from Idaho, by Newt Gingrich

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WASHINGTON, DC – Former Speaker of the House and General Chairman of American Solutions, Newt Gingrich, recently honored Mr. Frank L. Vandersloot, CEO of Melaleuca, Inc., as American Solutions’ 2009 Entrepreneur of the Year from Idaho. Speaker Gingrich recognized Mr. Frank Vandersloot at an American Solutions awards dinner on September 23, 2009 at the Capitol Hill Club in Washington, DC.
Wonder if Newt might want his plaque back?