Sen. Calls For Probe Into Herbalife Pyramid Scheme Claims

Law360, New York (January 23, 2014, 2:57 PM EST) -- Sen. Edward Markey, D-Mass., called Wednesday for an investigation into the business operations of nutrition and weight-loss company Herbalife Ltd., which has been accused of running a pyramid scheme and taking advantage of investors in low-income and minority communities.

In separate letters sent to the U.S. Securities and Exchange Commission, the Federal Trade Commission and Herbalife itself, Markey said he had “serious questions” about the business practices of Herbalife and its domestic subsidiary Herbalife International of America, which sell weight-loss products through a network of individual...
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