Herbalife Agrees to Settle Deceptive Practices Charges for $200m

Herbalife agreed to settle FTC charges by paying $200 million to reimburse consumers, who lost money on its nutrition supplements and will also make major changes in its sales and distribution practices including its compensation structure, which were allegedly deceiving consumers about how much money they could make selling its products. Although it did not describe the Company as a pyramid scheme, the FTC made clear that it found its practices deceptive and unfair. Click here to read more.