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January 28, 2013
13:34 EDTHLF, NUSFTC alleges Fortune Hi-Tech operated an illegal pyramid scheme
The Federal Trade Commission and the states of Illinois, Kentucky, and North Carolina alleged to a federal court that Fortune Hi-Tech Marketing operated an illegal pyramid scheme. The complaint alleged that FHTM's compensation plan ensured that, at any given time, most participants would spend more money than they would earn. Shares of Herbalife (HLF) and Nu Skin (NUS), two publicly traded multi-level marketing companies, remain in negative territory, as they have been for much of today's session. Shares of Nu Skin are near their lows, down over 5.4% to $42.64, while Herbalife is lower by nearly 8% at $40.12. Reference Link
News For HLF;NUS From The Last 14 Days
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September 15, 2014
12:14 EDTHLFHerbalife expands partnership with American Youth Soccer Organization
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September 14, 2014
16:17 EDTHLFHerbalife near settlement with former distributors, NY Post says
Herbalife is close to reaching a settlement with five former distributors that allege the nutrition company is a pyramid scheme and has victimized thousands, says the NY Post. Reference Link
September 5, 2014
09:10 EDTHLFHerbalife distributor claims fired for web sales, Seeking Alpha contributor says
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