Five months after Herbalife was reported to be working on a settlement to resolve a federal probe into its often controversial business practices – or what some people claim is a pyramid scheme – the company has agreed to restructure its business model and pay $200 million to consumers who purchased large quantities of its products and lost money. [More]
Nearly two years ago nutritional company Herbalife revealed that it was under investigation by the Federal Trade Commission for its often controversial business practices, or what some people claim is a pyramid scheme. Now, it looks like the company is ready to put the federal probe behind it. [More]
Despite receiving good news from a judge who dismissed a lawsuit against the company recently, it seems Herbalife is still fighting other battles. A new report cites insiders at the company who say federal law enforcement officials have been asking questions at Herbalife, and getting in touch with some members individually.
After two years of accusations calling Herbalife a pyramid scheme, the company has won the dismissal of a lawsuit against it alleging it was set up to only enrich those few at the top of its multi-level marketing business.
When you go to a meeting to learn more about potentially joining a multi-level marketing organization, you expect to hear testimonials about how the product has changed lives. You should not expect to hear about how the company’s products have cured brain tumors and performed other impossible feats. At least, that’s what Herbalife says after undercover reporters from ABC News filmed Herbalife distributors doing just that. [More]
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 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]