Tag: nutrition and weight loss company

FBI conducting a probe into Herbalife: sources

(Reuters) – The FBI is probing Herbalife Ltd, the nutrition and weight loss company that hedge fund manager William Ackman has called a pyramid scheme, sources familiar with the investigation said on Friday. The news, first reported by the Financial Times, sparked a sharp sell-off that sent the stock price down nearly 14 percent. One source briefed on the matter said that the investigation has been going on for some time, but declined to give […]