FTC Investigating Herbalife

FTC Investigating Herbalife

For more than a year, some have accused nutritional supplement company Herbalife of operating a pyramid scheme and called for federal authorities to investigate the business. Today, the company confirmed that it is indeed under investigation by the Federal Trade Commission, though it did not reveal exactly why. [More]

(Herbalife)

Shares Of Herbalife Fall After It Defends Itself Against Pyramid Scheme Accusations

Herbalife has been scrambling to do damage control and defend itself against accusations that it’s a fraud or as one hedge fund manager called it, a pyramid scheme. But after stating its case to the contrary yesterday, it seems investors are still unsure about whether they should risk their money in the company’s stock. [More]