Herbalife To Pay $200M To Members Who Lost Money; Must Change Business Model

Herbalife To Pay $200M To Members Who Lost Money; Must Change Business Model

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]

PayPal’s Venmo Peer-To-Peer Payment Service Under Federal Investigation

PayPal’s Venmo Peer-To-Peer Payment Service Under Federal Investigation

Venmo is a PayPal-owned money-transfer service that allows users to send payments to each other over the internet. Yesterday, PayPal revealed that Venmo is currently under investigation by federal regulators. [More]

Herbalife Working On Settlement To Resolve FTC Investigation Into Business Practices

Herbalife Working On Settlement To Resolve FTC Investigation Into Business Practices

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]

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]