Moreover, if Aflac workers were drawing the bulk of their pay from signing up new employees, the situation has the feel of a multi level marketing ploy, similar to the allegations made against Herbalife (HLF).While no two cases are identical, elements of the allegations made against Aflac resemble those made against Wells Fargo and Herbalife. In both of those cases, Wells Fargo and Herbalife saw steep declines in their share prices. Allegations of fraud and earnings manipulation true or not add instability, and as investors know, the market loathes uncertainty.Aflac expects operating earnings per share of $6.75 to $6.95 for 2017.
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