Supplement Tycoon Ordered To Forfeit $33M

Law360, New York (February 28, 2008, 12:00 AM EST) -- A federal jury on Tuesday ordered supplement tycoon Steve Warshak and his company to forfeit $33 million in cash and assets derived in part from sales of the Enzyte "male enhancement" product advertised on late-night television.

Warshak was convicted Friday of dozens of counts of money-laundering, misleading customers, lying to banks and hiding profits from authorities.

According to court documents, Warshak, his company, Berkeley Premium Nutraceuticals, his mother, Harriet Warshak, and four other individuals associated with the company committed mail fraud, wire fraud, bank fraud and...
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