Arab Today, arab today \us launches probe into weight loss company herbalife\
Last Updated : GMT 21:32:48
Arab Today, arab today
Arab Today, arab today

\'US launches probe into weight loss company Herbalife\'

Arab Today, arab today

Arab Today, arab today \'US launches probe into weight loss company Herbalife\'

New York - AFP

US authorities have opened a criminal probe into the nutrition and weight loss company Herbalife Ltd., according to media reports Saturday. The New York Times reported that sources said the case has been under investigation for several months. The daily added that officials it contacted say it is possible that authorities will opt not to take action against Herbalife. The Times wrote that the investigation focuses on Herbalife's direct-selling business model. Herbalife distributes its diet shakes, supplements and other products through a network of sales representatives, which some, including billionaire hedge fund manager William Ackman, say is really a pyramid scheme -- an allegation which the company has staunchly denied. Shares in the Los Angeles based company have fallen sharply in recent months amid the allegations. The Federal Trade Commission says it has launched a civil inquiry into Herbalife, and the company has revealed that it also is being investigated by the Securities and Exchange Commission. But the company issued a statement on Friday, responding to "media reports and rumors in the marketplace," saying it was unaware of any criminal investigation. "We have no knowledge of any ongoing investigation by the DOJ (Department of Justice) or the FBI, and we have not received any formal nor informal request for information from either agency," the Herbalife statement said

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today \us launches probe into weight loss company herbalife\ Arab Today, arab today \us launches probe into weight loss company herbalife\

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today \us launches probe into weight loss company herbalife\ Arab Today, arab today \us launches probe into weight loss company herbalife\

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday