Key Highlights: Herbalife to pay US$200 million in settlement of complaints of misrepresentation The company to restructure its compensation plan Distributor to be paid based on actual retail sales NEW YORK – The U.S. Federal Trade Commission cleared Herbalife, a direct sales nutrition company, of the allegation of being an illegal pyramid scheme. However, said […]
Herbalife shares rose to 7% despite Ackman’s pyramid scam charges against the company
The shares of Herbalife Ltd rose up to 7% on Friday. This has come as a surprise in spite of current attacks from its activist investors Bill Ackman about the nutrition firm being a pyramid scam. A pyramid scam is defined as a scam wherein the company or members of the company promise its investors […]