NEW YORK - Herbalife, the seller of supplements and weight-loss products currently under federal investigation as a potential pyramid scheme, overstated its worldwide membership growth in 2015.
NEW YORK (AP) — Herbalife, the seller of supplements and weight-loss products currently under federal investigation as a potential pyramid scheme, overstated its worldwide membership growth in 2015.
NEW YORK (AP) — Herbalife, the seller of supplements and weight-loss products currently under federal investigation as a potential pyramid scheme, overstated its worldwide membership growth in 2015.
The Los Angeles-based company cited a database error as the cause, saying "it had limited visibility into the likely rate of change" in the metric plan, which it began using last year. Herbalife has defended its business practices, saying it is confident in the fundamentals of its business model, which it has said operates like a multi-level marketing company similar to Avon, Amway and Mary Kay.
Ian Bremmer is the president of Eurasia Group.
See more video by Ian Bremmer about oil, the global economy, politics and the news on his Facebook page: www.facebook.com/ianbremmer
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