The Federal Trade Commission has determined that Herbalife is not a pyramid scheme, but the nutritional supplement marketer will still be required to pay $200 million to consumers and "fully restructure" its "unfair" business in a comprehensive settlement, the FTC confirmed Friday.
The settlement comes after a two-year investigation by the FTC, which has probed Herbalife over accusations that the company focuses on recruiting more sales people instead of selling its products.
09:45 This Startup Is Telling Everyday Investors It Will Be The Next Uber30
21:32 Betsy DeVos hits hard reset on student loan servicing contracts12
14:35 Eagles will sign former Patriots RB LeGarrette Blount to one-year deal19
11:26 Labour manifesto: Extra £48.6bn in tax revenue to fund pledges25