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Herbalife

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Herbalife announced that it had changed its name from Herbalife Ltd. to Herbalife Nutrition Ltd. The company also announced that its shareholders had approved a two-for-one stock split. In January 2019, Herbalife announced that it was replacing Goudis after learning of comments he had made before taking over as CEO that were “contrary to the company’s expense-related policies and business practices” and inconsistent with the company's standards and culture”. Former CEO Johnson subsequently took over the role on an interim basis.
516: 748:) presented a series of arguments outlining why his firm believed that Herbalife operated a "sophisticated pyramid scheme" and contended that its stock would hit zero. Ackman alleged after a year-long investigation that the majority of distributors lose money, that the chance of making the testimonial-implied headline income is approximately one in five thousand, and that the company materially overstates its distributors' retail sales and understates their recruiting rewards. 608:
required that distributors are only able to earn one-third of their rewards based on recruitment. In the U.S., the company now differentiates between individuals who join as a member to buy discounted products and those who join as a distributor seeking a business opportunity. Discount buyers are unable to earn rewards or sell products. Herbalife Nutrition is also required to have its practices monitored by an outside party for seven years to ensure compliance.
560:, for use in many of the company's products. Before extracts are processed, they undergo a botanical identification program and are tested several times throughout the production process. The processed raw materials from the extraction facility are used at all of the company's branded manufacturing facilities as well as by its partners. As of 2015, 58% of the company's nutrition products were manufactured at Herbalife-owned facilities. 40: 5403: 732:, asked questions about the company's business and sales models during the Q1 earnings call, setting off suspicions that Einhorn had a short position. These suspicions were proved correct in January 2013 when at an investor meeting Einhorn revealed that he had profited through a short position against the company. Einhorn said the short had been closed before the end of 2012. 623:) filed on July 16, 2003, the plaintiffs alleged that some of Herbalife International's distributors used pre-recorded telephone messages and autodialers to contact prospective customers in violation of the Telephone Consumer Protection Act. The case was resolved with Herbalife and its distributors paying $ 7 million into a fund for class members part of the suit. 799:. Herbalife responded to the probe by saying it "welcomes the inquiry given the tremendous amount of misinformation in the marketplace, and will cooperate fully with the FTC. We are confident that Herbalife is in compliance with all applicable laws and regulations". However, in the press conference, Herbalife was declared not necessarily not a pyramid scheme. 660:
report concluding: "The analyses of these cases and information regarding their circumstances have not allowed us to establish a causal relationship" between liver anomalies and Herbalife's dietary supplements. The panel attributed the cases to metabolic changes from overzealous and unsupervised dieting.
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On September 27, 2019, the SEC announced that Herbalife has agreed to pay $ 20 million to settle charges of making false and misleading statements about its business model and operations in China between 2012 and 2018. The company did not admit or deny the charges but agreed to the settlement terms.
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that had previously been linked to consumption of Herbalife products and concluded that using "the liver specific Council for International Organizations of Medical Sciences scale, causality was probable in 1 case, unlikely and excluded in the other cases. Thus, causality levels were much lower than
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In January 2009, the Scientific Committee of the Spanish Agency for Food Safety and Nutrition (AESAN) reached the same conclusion. After reviewing cases implicating Herbalife products in Spain, Switzerland, Israel, Finland, France, Italy, Iceland and Portugal, the 12-member scientific panel issued a
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Herbalife's products are produced at the company's five manufacturing facilities in the U.S. and China, as well as by third-party manufacturing partners. The company's production process is based on a "seed to feed" strategy, which the company initiated in the 2010s that allows it to trace where the
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By 1988, the company had expanded its reach to Japan, Spain, New Zealand, Israel, and Mexico, and it increased its worldwide sales to $ 191 million in 1991. In 1993, the company underwent a secondary offering of five million shares. The company launched a line of personal care products in 1995 which
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In the past, company management considered the number and retention of distributors a key parameter and tracked it closely in financial reports. By January of each year, sales leaders are required to requalify. In February of each year, individuals who did not satisfy the sales leader qualification
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The company announced in November 2016 that Chief Operating Officer Richard Goudis would take over the position of CEO in June 2017 and Johnson would transition to executive chairman. In August 2017, the company announced that it would repurchase up to $ 600 million of its stock. On April 25, 2018,
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In July 2016, Herbalife agreed to change its business model and pay $ 200 million in a settlement with the FTC. Partial refund checks were mailed to roughly 350,000 Herbalife distributors in January 2017. The FTC said in a press release about the settlement "it's virtually impossible to make money
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According to a number of financial commentators, Ackman bet roughly $ 1 billion against the company; soon after remarks to the press, the price of the stock decreased such that Ackman would have made $ 300 million if he had closed his short position then. In March 2015, federal prosecutors and the
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In 2008, Herbalife was sued after laboratory tests indicated that levels of lead in several Herbalife products were in excess of California state law and could lead to liver problems over an extended period of time. The company commissioned its own lab testing and found that those products did not
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sued the company for making inflated claims about the efficacy of its products. The company suffered as a result of the lawsuit and was forced to lay off nearly 800 employees by May 1985. The company settled the suit for $ 850,000 without admitting wrongdoing. In 1986, Herbalife became a publicly
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As a result of the 2016 FTC settlement, the company is required to prove that at least 80 percent of its sales are made to individuals outside of its distributor network. Distributors are responsible for providing receipts for sales and proving they have legitimate customers. The settlement also
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In February 1980, Mark R. Hughes began selling the original Herbalife weight management product from the trunk of his car. Hughes often stated that the genesis of his product and program stemmed from the weight loss concerns of his mother Joanne whose premature death he attributed to an eating
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Herbalife has been accused of deceiving consumers about potential returns, and that most returns are made from distributors that one recruits. The company agreed to "fundamentally restructure" its business in the United States, and pay a $ 200 million fine as part of a 2016 settlement with the
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The lawsuit alleged that Herbalife deceived consumers into believing they could earn substantial income from the business opportunity or big money from the retail sale of the company's products. In addition, the complaint charged that one of the fundamental principles of Herbalife's business
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In 1999, Hughes attempted to take the company private after asserting that Wall Street was undervaluing the company. While the board approved the buyout offer, shareholders of the company filed a suit against the firm because they believed the share price they were offered was unfair. Hughes
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Schoepfer, Alain M.; Engel, Antoinette; Fattinger, Karin; Marbet, Urs A.; Criblez, Dominique; Reichen, Juerg; Zimmermann, Arthur; Oneta, Carl M. (October 2007). "Herbal does not mean innocuous: Ten cases of severe hepatotoxicity associated with dietary supplements from Herbalife® products".
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Elinav, Eran; Pinsker, Galia; Safadi, Rifaat; Pappo, Orit; Bromberg, Michal; Anis, Emilia; Keinan-Boker, Lital; Broide, Efrat; Ackerman, Zvi; Kaluski, Dorit Nitzan; Lev, Boaz; Shouval, Daniel (October 2007). "Association between consumption of Herbalife® nutritional supplements and acute
643:, and kraska. The products were sent to Bio-Medical Research Design LTD (B.R.D), to a private U.S. laboratory, and to Israel's Forensic research laboratory. A study of the cases funded by the Israeli Ministry of Health concluded that there was a causative relationship. Herbalife's SEC 647:
filings stated that the Israeli Ministry of Health did not establish a causal relationship between the product and liver ailments. In 2009, an Israeli woman sued Herbalife International and Herbalife Israel, claiming that her liver damage resulted from the use of Herbalife products.
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FBI revealed that they were investigating whether or not individuals paid by Ackman and otherwise had made false statements about Herbalife's business model to regulators and others in order to lower the company's stock price and influence authorities to conduct an investigation.
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in order to influence their media coverage. In response, Herbalife committed $ 40 million to resolve the issues, and began negotiations with both the DOJ and SEC. In August 2020, Herbalife agreed to pay $ 123 million to the DOJ and the U.S. Securities and Exchange Commission.
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segment on multi-level marketing focused on Herbalife; it strongly condemned the company for its structure resembling a pyramid scheme and cited the FTC report, which implied the company had been operating illegitimately. Oliver criticized Herbalife for its exploitation of
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Critics of the company's structure have contended that it has operated as a pyramid scheme. They have also argued that the company does not sufficiently work to curb abuses by individual distributors, though Herbalife Nutrition has consistently denied the allegations.
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Manso, Gloria; López-Rivas, Laureano; Salgueiro, M. Esther; Duque, Jose M.; Jimeno, Francisco J.; Andrade, Raúl J.; Lucena, M. Isabel (October 2011). "Continuous reporting of new cases in Spain supports the relationship between Herbalife® products and liver injury".
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A 2004 settlement resolved a class-action suit on behalf of 8,700 former and current distributors who accused the company and distributors of "essentially running a pyramid scheme". A total of $ 6 million was to be paid out, with defendants not admitting guilt.
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model—incentivizing distributors to buy products and to recruit others to join and buy products so they could advance in the company's marketing program, rather than in response to actual consumer demand—is an unfair practice in violation of the FTC Act.
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Herbalife Nutrition's products include weight-loss and protein shakes, as well as protein bars, teas, aloes, vitamins, and sports hydration, energy, and personal care products. The company's original product is the Formula 1 protein shake, a soy-based
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In 2004, Israel's Health Minister began an investigation into Herbalife's products after four persons using Herbalife's products were found to have liver problems. The company was accused of selling products containing toxic ingredients such as
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reported that Ackman had "largely exited" his bet against the company, while others reported that the bet against Herbalife had cost his company hundreds of millions of dollars and damaged the confidence of investors in his hedge fund.
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Scientific studies in 2007 by doctors at the University Hospital of Bern in Switzerland and the Liver Unit of the Hadassah-Hebrew University Medical Center in Israel found an association between consumption of Herbalife products and
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Wie alle Formula-Diäten ist auch Herbalife nicht als alleinige Maßnahme geeignet, das Gewicht langfristig zu reduzieren, denn die Anwender lernen mit diesen Produkten keine ausgewogene, fettreduzierte und kohlenhydratreiche
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guidelines, which advise that the original paper should remain available but prominently marked as retracted. According to one of the co-authors of the paper, this retraction happened because Herbalife engaged DSK Legal, a
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This paper examined the connection between Herbalife slimming products and a case of fatal acute liver failure in one patient in India. In December 2020, the journal retracted the aforementioned article, contrary to the
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eventually abandoned his attempt to buy the company and settled the suit with shareholders. On May 20, 2000, Mark Hughes died at age 44. Following his death, the company was led by Christopher Pair until October 2001.
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Elinav, Eran; Pinsker, Galia; Safadi, Rifaat; Pappo, Orit; Bromberg, Michal; Anis, Emilia; Keinan-Boker, Lital; Broide, Efrat; Ackerman, Zvi; Kaluski, Dorit Nitzan; Lev, Boaz; Shouval, Daniel (October 1, 2007).
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requirements during the preceding 12 months are removed from that rank. For the latest 12-month requalification period ending January 2019, approximately 67.9 percent of the eligible sales leaders requalified.
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filed criminal charges against the company in November 1984 for misleading medical claims in advertisements. As a result of the complaints, the company modified its product claims and reformulated the product.
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hitherto proposed". In a separate review published less than a year earlier, the same author described the relationship between Herbalife products and reported hepatotoxicity cases as "highly probable".
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In March 2020, John Agwunobi was named as its next chief executive. Agwunobi departed Herbalife Nutrition in October 2022 and Michael O. Johnson was named Chairman and interim Chief Executive Officer.
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Stickel, F; Droz, S; Patsenker, E; Bögli-Stuber, K; Aebi, B; Leib, SL (2009). "Severe hepatotoxicity following ingestion of Herbalife nutritional supplements contaminated with Bacillus subtilis".
2568: 1087: 3253: 5066: 4562: 2195: 4619: 4443: 2595: 1234: 4975: 1952: 4864: 4585: 3751: 2477: 4912: 3421:"REMOVED: Slimming to the Death: Herbalife®-Associated Fatal Acute Liver Failure—Heavy Metals, Toxic Compounds, Bacterial Contaminants and Psychotropic Agents in Products Sold in India" 940:, a Democratic lobbyist and an adviser to Herbalife, questioned Tribeca's credibility after claiming that the film was "bought and paid" for by Ackman "to make good on his stock bet". 834:(FCPA). They were accused of bribing Chinese officials in order to procure sales permits and to influence an investigation into Herbalife. They were also accused of offering bribes to 1930: 4697: 4473: 1204: 5345: 2269: 1659: 1174: 4178: 3874: 1896: 3780: 5376: 5097: 2372: 3389: 6040: 4412: 681:
Slimming to the Death: Herbalife®-Associated Fatal Acute Liver Failure-Heavy Metals, Toxic Compounds, Bacterial Contaminants and Psychotropic Agents in Products Sold in India.
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s FOIA request. The FTC stated that the wording it used in its response to the FOIA request was incorrect; the FTC could not confirm or deny an investigation into Herbalife.
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Philips, Cyriac A.; Augustine, Philip; Rajesh, Sasidharan; John, Solomon K.; Valiathan, Gopakumar C.; Mathew, Jos; Phalke, Sameer; Antony, Kuruveetil L. (March 1, 2019).
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and rebranded itself as Herbalife International. However, as a result of the negative publicity from the FDA lawsuit, the company posted a $ 3 million loss that year.
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Hospitals in Israel, Spain, Switzerland, Iceland, Argentina, and the United States have reported liver damage in a number of patients who used Herbalife products.
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In November 2017, Ackman closed out his short position after Herbalife shares increased by 51 percent over the year, and replaced it with a less aggressive
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included fragrances and facial cleansing products. The company was sued in civil court by two former distributors in 1997 for withholding earned income.
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in 1980, and it employs an estimated 9,900 people worldwide. The company operates in 95 countries through a network of approximately 4.5 million
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claimed that Herbalife Nutrition was one of the most profitable companies in Los Angeles County and directly benefited from its business model.
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In March 2014, the FTC opened an investigation into Herbalife in response to calls from consumer groups and members in both houses of the
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Herbalife's claims of health benefits from its products have met scrutiny from the medical community, consumers, and government agencies.
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Duque, JM; Ferreiro, J; Salgueiro, E; Manso, G (2007). "Hepatotoxicity associated with the consumption of herbal slimming products".
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shake. The product debuted in 1980 and, as of 2015, was the company's best selling product accounting for nearly 30% of total sales.
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were removed from Herbalife products in 2002 after several U.S. states banned supplements containing such herbs. In April 2003,
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communities, and overstatement of its products' health benefits. One reviewer wrote that it appeared to be largely based on
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has been named 'Herbalife Nutrition Women's Basketball Super League' for three years starting the 2019-2020 regular season.
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ingredients in its nutritional products originated. Since 2013, the company has operated a botanical extraction facility in
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Chen, Gary C; Ramanathan, VS; Law, D; Funchain, P; Chen, GC; French, S; Shlopov, B; Eysselein, V; et al. (2010).
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after its sales increased from $ 386 thousand to $ 423 million over the previous five years. That same year, the
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JĂłhannsson, M; OrmarsdĂłttir, S; Olafsson, S (2010). "Hepatotoxicity associated with the use of Herbalife".
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Evans, D. (April 11, 2002). "Herbalife, Other Ephedra Marketers Face Soaring Insurance Rates".
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Chao, S.; Anders, M.; Turbay, M.; Olaiz, E.; Mc Cormack, L.; Mastai, R. (December 2008). "".
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In 2019, the DOJ charged two of Herbalife's employees with conspiracy in violation of the
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was appointed as Chairman and interim Chief Executive Officer following the departure of
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of 14.5 million common shares at $ 14 per share, netting the owners $ 1.3 billion.
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reported on February 4, 2013, that Herbalife was subject to a pending probe from the
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By 1985, Herbalife was considered the fastest-growing private company in America by
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Manso, Gloria; López-Rivas, Laureano; Duque, José María; Salgueiro, Esther (2008).
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When The Wolves Bite: Two Billionaires, One Company, and an Epic Wall Street Battle
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designed to help people manage their weight. He structured his company using a
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by Scott Wapner discusses Ackman's short of the company and his battle with
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disorder and an unhealthy approach to weight loss. His first product was a
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Schmidt, Michael S.; Lipton, Eric; Stevenson, Alexandra (March 9, 2014).
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between 2010 and 2013. Herbalife has also sponsored the basketball club
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On May 7, 2014, the company announced that it entered into a deal with
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Teschke R, Wolff A, Frenzel C, Schulze J, Eickhoff A (November 2012).
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In 2021, the company announced a partnership with the LA Galaxy on an
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The company remains under investigation as of early 2019 both by the
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contain high enough amounts of lead to require special labeling.
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Teschke, R; Frenzel, C; Schwarzenboeck, a; Eickhoff, A (2013).
2321:"Herbalife's Newly Renovated California Manufacturing Facility" 1615: 636: 564: 450: 339:. The company has been alleged to have fraudulently operated a 2960: 2871: 2823:"Acute liver injury induced by weight-loss herbal supplements" 2776: 958:, and caused no immediate change in Herbalife's stock prices. 469:
In 2002, the company was acquired for US$ 685 million by
6004: 5989: 5949: 5674: 5579: 5544: 5519: 5338:"New book chronicles the Ackman-Icahn rivalry over Herbalife" 3049:"Hepatotoxicity of herbal and dietary supplements: an update" 2740: 540:, China. The facility produces botanical extracts, including 537: 250: 4497:"Herbalife Settles Pyramid Probe as FTC Seeks Major Changes" 2347:"Comatose Sneak peek inside Herbalife's Winston-Salem plant" 2297:. Wholesale & Distribution International. Archived from 1391:"History of Herbalife International, Inc. – FundingUniverse" 1358:"Herbalife's Claims Drawing Medical Fire, Government Probes" 826:
U.S. Department of Justice investigation of bribery in China
415:
for claims made about certain products and the inclusion of
5800: 5714: 4466:"Herbalife Settlement With F.T.C. Will Force Major Changes" 4436:"Herbalife Soars After Saying It's Close to FTC Resolution" 3011: 2266:"Herbalife launches botanical extraction facility in China" 571:. In the U.S., the company has manufacturing facilities in 563:
In China, the company's manufacturing sites are located in
490: 4786:"Herbalife Sets Aside $ 40 Million for Bribery Settlement" 4724:"Herbalife to Pay $ 20 Million to Settle SEC Fraud Claims" 3647:"Hedge fund manager alleges Herbalife is 'pyramid scheme'" 3418: 3335: 1644:"Mark R. Hughes, 44; Founded Nutrition Supplement Concern" 1159:"Mark R. Hughes, 44; Founded Nutrition Supplement Concern" 894:
fan experience. It also has a multi-year sponsorship with
4825:"Herbalife pays $ 123m to resolve Chinese bribery claims" 3112:
Appelhans, Kristy; Smith, C; Bejar, E; Henig, YS (2011).
2820: 541: 5147:"Tribeca Fest: 'Betting on Zero' stirs Herbalife waters" 4672:"Herbalife to Pay $ 20 Million for Misleading Investors" 3111: 2701: 2536:"Herbalife Cuts Sales Guidance; Exceeds Key FTC Mandate" 1108: 485:
joined Herbalife as CEO following a 17-year career with
3858: 2044:"Herbalife to Expand Manufacturing Operations in China" 910:. In 2023, Herbalife became an official partner of the 875:
since 2012. In July 2020, Herbalife also sponsored the
411:
model. In 1982, Herbalife received complaints from the
275: 3235:
Herbalife Responds to Spain's Ministry of Health Alert
2196:"Herbalife Bringing Life to Massive Former Dell Plant" 1385: 1383: 1255: 6041:
Nutritional supplement companies of the United States
4022:"There's No Law Against Bill Ackman Talking His Book" 3958:"Ackman Defends Calling Herbalife a 'Pyramid Scheme'" 3667:. Icelandreview.com. December 6, 2005. Archived from 3651:
Stuart Pfeifer and Walter Hamilton, Los Angeles Times
2933: 1258:"After Big Bet, Hedge Fund Pulls the Levers of Power" 883:. In addition to these team and player sponsorships, 4495:
David McLaughlin; Matthew Townsend (July 15, 2016).
5485: 4079:"FBI Probes Ackman Fund for Herbalife Manipulation" 1380: 4586:"FTC says Herbalife refund checks are in the mail" 4201:"Is Bill Ackman's Private Hedge Fund Career Over?" 2502:"Herbalife Leads Lean, Mean Pack of Profitability" 2248:"Herbalife Changsha Extraction Plant Open in 2013" 2108: 465:J.H. Whitney & Company and Golden Gate Capital 5305:"John Oliver delivers epic takedown of Herbalife" 3898:"Herbalife CEO accused of running 'Ponzi scheme'" 2017:"Herbalife Nutrition Announces Leadership Change" 1197:"Herbalife Nutrition Announces Leadership Change" 1048:Bartz, Diane; Flaherty, Michael (July 15, 2016). 663:A July 2013 peer-reviewed study published in the 6017: 4915:. CB Gran Canaria. April 4, 2018. Archived from 4140:"Bill Ackman is Capping His Losses on Herbalife" 3514:"Legal demand from DSK Legal based in New Delhi" 2670:"HERBALIFE LTD. Form 10-K - Annual Report, 2007" 2170:"HERBALIFE LTD. Form 10-K - Annual Report, 2009" 1787:United States Securities and Exchange Commission 1743:"HERBALIFE LTD. Form 10-K - Annual Report, 2005" 6026:Companies listed on the New York Stock Exchange 3425:Journal of Clinical and Experimental Hepatology 1927:"Herbalife changes name to Herbalife Nutrition" 1844:"Herbalife to Buy Back $ 266 Million in Shares" 677:Journal of Clinical and Experimental Hepatology 159:Los Angeles, California, U.S.; legal domicile: 3889: 3719:. Herbalife. February 19, 2013. Archived from 3233:There's been no proven link to liver problems. 3046: 2644:"Herbalife Quarterly Report to SEC, June 2006" 2250:. Herbridge. December 14, 2012. Archived from 1447:"Herbalife Lays Off 573, Blames Slowing Sales" 343:. Some products sold by Herbalife have caused 5471: 4405:"FTC Launches Herbalife Inquiry, Shares Fall" 4334: 3683: 3219:. reuters.com. April 23, 2008. Archived from 3047:Stickel, Felix; Shouval, Daniel (June 2015). 2636: 2475: 1047: 1043: 1041: 696: 355:, with its corporate headquarters located in 27:American global multi-level marketing company 5900:European Grouping of Marketing Professionals 5090:"Indian Olympic team gets Herbalife backing" 4132: 3988:"Bill Ackman enters the city of Stalingrad," 2559: 2557: 2395:"Das Geschäft mit den ĂĽberflĂĽssigen Pfunden" 2373:"Herbalife Sets Employee Volunteer Projects" 988: 986: 984: 982: 621:Mey v. Herbalife International, Inc., et al. 4618:. Federal Trade Commission. July 15, 2016. 4365: 4047:Matthews, Christopher M. (March 12, 2015). 4019: 3951: 3949: 3836:"Einhorn Profited on Bet Against Herbalife" 2567:. Federal Trade Commission. July 15, 2016. 2425:"Herbalife says group retracts lead claims" 2268:. Nutra ingredients USA. October 18, 2010. 902:, Herbalife Nutrition was a sponsor of the 374:and members. In October 2022, previous CEO 5478: 5464: 4746: 4396: 3497:|...|intentional=yes}} 3259:(in Spanish). Aesan.msc.es. Archived from 1535:Biddle, Frederic M. (September 14, 1999). 1326:Research, Center for Drug Evaluation and. 1038: 1022:. MarketWatch. May 1, 2018. Archived from 626: 500:to repurchase $ 266 million of its stock. 335:(MLM) corporation that develops and sells 94: 38: 5680:Juice Plus AKA National Safety Associates 3806:"Herbalife faces rising Einhorn pressure" 3436: 3353: 3312: 3302: 3139: 3129: 2988: 2978: 2848: 2838: 2554: 2529: 2527: 2323:. Reuters. March 14, 2011. Archived from 2222:"Herbalife Botanical Extraction Facility" 1963: 1611:"But where are the distributors' yachts?" 979: 922:In April 2016, a documentary directed by 617:Minton v. Herbalife International, et al. 5144: 4433: 4340: 4286: 4263: 4046: 3946: 2198:. Winston-Salem Journal. June 15, 2013. 2103: 2101: 1868: 1495: 1464: 1462: 514: 4287:Celarier, Michelle (February 5, 2013). 4266:"Salve for shorts | New York Post" 4264:Celarier, Michelle (February 4, 2013). 3930:. Business Insider. December 20, 2012. 3779:. Files.shareholder.com. Archived from 3741: 3550: 2676:from the original on September 14, 2016 2349:. The Business Journal. June 11, 2013. 2214: 1869:Masunaga, Samantha (November 2, 2016). 885:Turkish Women's Basketball Super League 816:U.S. Securities and Exchange Commission 14: 6018: 5366: 5317:from the original on February 28, 2018 5285:from the original on December 12, 2017 5237: 4583: 4534:from the original on February 26, 2021 4476:from the original on September 6, 2016 4374:"Herbalife hit by US 'pyramid scheme'" 4371: 4168: 4000: 3956:David, Javier E. (December 20, 2012). 3934:from the original on December 25, 2012 3928:"Bill Ackman's Herbalife Presentation" 3864: 3565:from the original on December 20, 2020 3188: 3164:"HERBALIFE LTD. 10-Q Quarterly Report" 2662: 2583: 2533: 2524: 2375:. Winston-Salem Journal. February 2018 2289: 2287: 2162: 2150:from the original on November 11, 2022 2135: 1735: 1713:"Suppress Your Appetite For Herbalife" 1710: 1641: 1534: 1338:from the original on November 11, 2020 1156: 842: 347:. The business is incorporated in the 5459: 5238:Moreno, Carolina (November 7, 2016). 5159:from the original on October 27, 2017 5100:from the original on October 19, 2021 5069:from the original on October 19, 2021 5056: 4893:from the original on February 4, 2018 4822: 4783: 4752: 4596:from the original on January 17, 2017 4565:from the original on January 18, 2017 4446:from the original on December 8, 2016 4402: 4295:from the original on February 8, 2013 4120:from the original on January 15, 2019 4107: 4101: 3968:from the original on October 19, 2017 3955: 3895: 3754:from the original on December 4, 2013 3511: 3197:from the original on October 21, 2011 2469: 2272:from the original on October 20, 2010 2098: 2041: 1811: 1767: 1577:from the original on December 7, 2019 1468: 1459: 1276:from the original on January 14, 2017 1207:from the original on October 31, 2022 6036:Retail companies established in 1980 5367:Gurdus, Elizabeth (April 25, 2018). 5335: 5270: 5087: 4837:from the original on August 29, 2020 4584:Craver, Richard (January 11, 2017). 4552: 4415:from the original on August 26, 2017 4289:"FTC corrects language on Herbalife" 3742:Pfeifer, Stuart (December 3, 2013). 3691:"Herbalife - Belgian Court Decision" 2780:Pharmacoepidemiology and Drug Safety 2589: 2478:"Herbalife Sued Over Product Safety" 2141: 1996: 1846:. Wall Street Journal. May 7, 2014. 1711:Barker, Robert (December 20, 2004). 1427:from the original on January 6, 2010 1325: 1294: 769: 390:(FTC) following these accusations. 5189:from the original on March 28, 2020 5145:Zeitchik, Steven (April 22, 2016). 4804:from the original on April 22, 2020 4734:from the original on March 25, 2020 4353:from the original on March 13, 2014 3997:, Bronte Capital, December 28, 2012 3908:from the original on April 26, 2019 3896:Neate, Rupert (December 21, 2012). 3551:Philips, Abby (December 20, 2020). 3384: 3170:from the original on August 7, 2011 2650:from the original on March 18, 2018 2457:from the original on April 17, 2011 2284: 2202:from the original on March 20, 2018 2144:"Herbalife Names Goudis as New CEO" 1907:from the original on March 19, 2018 1850:from the original on March 13, 2016 1824:from the original on August 9, 2015 1692:from the original on March 21, 2018 1496:Whitaker, Barbara (June 23, 2000). 1401:from the original on March 24, 2019 1368:from the original on April 23, 2018 1000:from the original on August 6, 2016 812:United States Department of Justice 615:In a California class action suit ( 24: 5348:from the original on June 11, 2020 5219:from the original on July 31, 2024 5038:from the original on July 31, 2024 5008:from the original on July 31, 2024 4978:from the original on July 11, 2021 4949:from the original on July 31, 2024 4887:"Herbalife, new nutrition sponsor" 4867:from the original on July 31, 2024 4823:Rocco, Matthew (August 28, 2020). 4753:Tokar, Dylan (November 15, 2019). 4652:from the original on July 31, 2024 4384:from the original on June 11, 2020 4341:La Roche, Julia (March 12, 2014). 4322:from the original on July 31, 2024 4245:from the original on July 31, 2024 4213:from the original on July 31, 2024 4181:from the original on March 1, 2018 4089:from the original on July 31, 2024 4059:from the original on April 1, 2018 3877:from the original on March 1, 2018 3846:from the original on June 11, 2020 3816:from the original on June 11, 2020 3697:from the original on July 31, 2024 3627:from the original on July 31, 2024 3597:from the original on July 31, 2024 3532:from the original on July 31, 2024 3400:from the original on July 31, 2024 3166:. Getfilings.com. March 31, 2005. 3105: 3093:from the original on July 31, 2024 3040: 3005: 2954: 2927: 2892: 2865: 2814: 2620:. Ir.herbalife.com. Archived from 2610: 2571:from the original on June 28, 2019 2512:from the original on March 9, 2011 2353:from the original on June 20, 2013 2123:from the original on April 8, 2019 1997:Fine, Howard (November 15, 2019). 1933:from the original on June 11, 2020 1877:from the original on July 31, 2024 1793:from the original on April 8, 2019 1749:from the original on April 8, 2019 1723:from the original on April 8, 2019 1662:from the original on July 10, 2022 1623:from the original on July 31, 2024 1307:from the original on July 31, 2024 1177:from the original on July 10, 2022 1090:from the original on June 28, 2019 1060:from the original on July 16, 2016 946:Last Week Tonight with John Oliver 325:Herbalife International of America 25: 6072: 6056:1980 establishments in California 5395: 5379:from the original on July 2, 2018 5252:from the original on May 12, 2017 4765:from the original on May 20, 2020 4622:from the original on June 6, 2019 4553:Fair, Lesley (January 10, 2017). 4434:Townsend, Matthew (May 5, 2016). 4316:"FTC Press Conference: Herbalife" 4020:John Carney (December 20, 2012). 4008:"What's Ackman's Herbalife game?" 3512:Anand, Rishi (October 17, 2019). 2598:from the original on June 6, 2019 2228:from the original on May 30, 2019 2176:from the original on May 30, 2019 2054:from the original on May 16, 2019 1999:"Herbalife Names Agwunobi as CEO" 1469:Evans, David (December 8, 2004). 1237:from the original on June 6, 2019 994:"Herbalife LTD. Income Statement" 849:France's national volleyball team 589: 477:. Concurrently, plant sources of 5401: 5360: 5336:Noto, Anthony (April 26, 2018). 5329: 5297: 5264: 5231: 5201: 5171: 5138: 5112: 5081: 5050: 5020: 4990: 4961: 4931: 4905: 4879: 4849: 4816: 4777: 4716: 4690: 4664: 4634: 4608: 4577: 4546: 4516: 4488: 4458: 4427: 4403:Vardi, Nathan (March 12, 2014). 4314:Ramirez, Edith (July 15, 2016). 4307: 4280: 4257: 4225: 4193: 4162: 4150:from the original on May 6, 2019 4108:Moyer, Liz (February 28, 2018). 4071: 4040: 4010:Reuters Blogs, December 31, 2012 3355:10.1111/j.1478-3231.2012.02864.x 2542:from the original on May 3, 2018 1812:Cohan, William D. (April 2013). 1642:Copage, Eric V. (May 23, 2000). 1547:from the original on May 9, 2018 1516:from the original on May 9, 2018 1157:Copage, Eric V. (May 23, 2000). 6031:Multi-level marketing companies 5271:Bort, Ryan (November 7, 2016). 4974:(in Turkish). October 2, 2019. 4169:Benoit, David (March 1, 2018). 4013: 3980: 3920: 3865:Benoit, David (March 1, 2018). 3828: 3798: 3766: 3735: 3709: 3657: 3639: 3609: 3577: 3544: 3505: 3412: 3378: 3329: 3278: 3246: 3227: 3209: 3189:Linder, Ronny (June 24, 2011). 3182: 3156: 2590:Fair, Leseley (July 15, 2016). 2494: 2476:Deborah Crowe (June 10, 2008). 2443: 2417: 2387: 2365: 2339: 2313: 2258: 2240: 2188: 2066: 2035: 2009: 1990: 1945: 1919: 1889: 1862: 1836: 1805: 1783:"Herbalife Ltd. Form 10-K 2004" 1775: 1761: 1704: 1674: 1635: 1603: 1589: 1567:"A Wonder Offer From Herbalife" 1559: 1528: 1489: 1439: 1413: 1350: 1319: 1295:Helm, Janet (August 28, 2023). 1288: 818:(SEC) for corruption in China. 598:company. A 2010 article in the 432:Department of Justice of Canada 331:, is an American multinational 323:(with a U.S. subsidiary called 6061:1980s initial public offerings 6051:Companies based in Los Angeles 5451:Company profile by MarketWatch 5057:Sturm, Uriel (July 20, 2021). 4889:. FC Barcelona. June 2, 2010. 4784:Tokar, Dylan (March 2, 2020). 4372:McCrum, Dan (March 12, 2014). 3717:"Herbalife 2012 Annual Report" 2618:"Herbalife Investor Relations" 2534:Wapner, Scott (June 4, 2017). 2224:. Food Processing Technology. 2079:. October 2009. Archived from 1249: 1219: 1189: 1150: 1102: 1072: 1012: 735: 13: 1: 5418:Business data for Herbalife: 4146:. Reuters. November 1, 2017. 3617:"Herbalife Sets More Layoffs" 3026:10.1016/s0025-7753(07)72547-2 2646:. Sec.gov. January 28, 2008. 2453:. FOXNews.com. May 20, 2008. 2142:Chen, I-Chun (June 1, 2017). 2074:"Herbalife Corporate Profile" 2042:Prior, Anna (July 31, 2014). 1362:tribunedigital-chicagotribune 972: 898:of the LA Galaxy. During the 859:since 2007 and has sponsored 832:Foreign Corrupt Practices Act 803:selling Herbalife products." 577:Winston-Salem, North Carolina 498:Bank of America Merrill Lynch 388:U.S. Federal Trade Commission 321:Herbalife International, Inc. 5585:Discount Home Shoppers' Club 5575:Crowd Sourcing International 4318:. Federal Trade Commission. 2936:Acta Gastroenterol. Latinoam 2506:Los Angeles Business Journal 2483:Los Angeles Business Journal 2003:Los Angeles Business Journal 1301:U.S. News & World Report 774:Based on information from a 601:Los Angeles Business Journal 519:Herbalife Nutrition products 413:Food and Drug Administration 256:US$ 2.80 billion (2023) 7: 5925:International Heritage Inc. 5088:King, Tom (July 19, 2021). 3291:World Journal of Hepatology 3118:World Journal of Hepatology 2827:World Journal of Hepatology 1473:. Bloomberg. Archived from 904:Olympic Committee of Israel 863:since 2013. They sponsored 665:World Journal of Hepatology 510: 446:California Attorney General 366:The company was founded by 244:US$ 142 million (2023) 232:US$ 356 million (2023) 119:; 44 years ago 10: 6077: 5985:United Sciences of America 5829:Nature's Sunshine Products 5605:Fuel Freedom International 4024:. Cnbc.com. Archived from 3466:10.1016/j.jceh.2019.12.005 3438:10.1016/j.jceh.2018.08.002 2980:10.1016/j.jhep.2008.05.007 2913:10.1016/j.jhep.2008.08.017 2756:10.1016/j.jhep.2007.06.014 2717:10.1016/j.jhep.2007.06.016 1128:10.1016/j.jhep.2007.06.016 908:Indian Olympic Association 776:Freedom of Information Act 697:Pyramid scheme allegations 667:reexamined known cases of 471:J.H. Whitney & Company 393: 6046:Pyramid and Ponzi schemes 5915:Fortune Hi-Tech Marketing 5867: 5798: 5512: 5494: 5342:New York Business Journal 5032:www.directsellingnews.com 5002:www.directsellingnews.com 4592:. Winston-Salem Journal. 3068:10.1007/s00204-015-1471-3 679:published a paper titled 594:Herbalife Nutrition is a 270: 260: 248: 236: 224: 210: 179: 166: 151: 141: 113: 103: 86: 56: 46: 37: 4313: 3993:January 1, 2013, at the 3394:Science Integrity Digest 2110:"The Siege of Herbalife" 1231:Federal Trade Commission 1084:Federal Trade Commission 996:. Yahoo! Finance. 2017. 917: 847:Herbalife has sponsored 786:Federal Trade Commission 372:independent distributors 317:Herbalife Nutrition Ltd. 33:Herbalife Nutrition Ltd. 5819:LifeVantage Corporation 5635:The Longaberger Company 5595:Forever Living Products 3871:The Wall Street Journal 3840:The Wall Street Journal 2048:The Wall Street Journal 1395:www.fundinguniverse.com 762:The Wall Street Journal 746:Pershing Square Capital 627:Liver disease inquiries 573:Lake Forest, California 487:The Walt Disney Company 5745:Southwestern Advantage 4730:. September 27, 2019. 3131:10.4254/wjh.v3.i10.275 3056:Archives of Toxicology 2840:10.4254/wjh.v2.i11.410 1573:. September 12, 1993. 873:Herbalife Gran Canaria 797:United States Congress 740:On December 20, 2012, 709:In November 2011, the 520: 449:traded company on the 5935:Koscot Interplanetary 5885:Black Oxygen Organics 5849:Usana Health Sciences 5785:World Financial Group 5550:Arbonne International 5487:Multi-level marketing 4206:The New York Observer 3593:. December 22, 2020. 3489:|...}} 3460:(Retracted, see 3388:(December 20, 2020). 3304:10.4254/wjh.v5.i7.353 3240:May 29, 2008, at the 2967:Journal of Hepatology 2901:Journal of Hepatology 2744:Journal of Hepatology 2705:Journal of Hepatology 2672:. February 26, 2008. 2172:. February 23, 2010. 1297:"Herbalife Nutrition" 1116:Journal of Hepatology 934:Tribeca Film Festival 912:Indian Premier League 596:multi-level marketing 518: 409:multi-level marketing 333:multi-level marketing 108:Multi-level marketing 5910:Excel Communications 5905:European Home Retail 5690:North American Power 5685:Neal's Yard Remedies 5410:at Wikimedia Commons 5313:. November 8, 2016. 5004:. January 27, 2021. 4943:The Esports Observer 4861:SportsBusiness Daily 4704:. September 27, 2019 4678:. September 27, 2019 3842:. January 23, 2013. 3653:. December 20, 2012. 2401:on November 21, 2011 2021:www.businesswire.com 1688:. October 19, 2001. 1619:. October 20, 1997. 1423:. December 1, 1985. 1203:. October 31, 2022. 1201:www.businesswire.com 900:2020 Summer Olympics 778:(FOIA) request, the 304:33.8572°N 118.2919°W 175:(Chairman & CEO) 5834:Nu Skin Enterprises 4972:www.hurriyet.com.tr 4919:on January 24, 2021 4790:Wall Street Journal 4759:Wall Street Journal 4648:. January 9, 2019. 4175:Wall Street Journal 4053:Wall Street Journal 4028:on December 3, 2013 3723:on December 3, 2013 3671:on January 15, 2013 2327:on January 17, 2013 1686:Wall Street Journal 1541:Wall Street Journal 1026:on October 23, 2019 932:, premiered at the 896:Jonathan Dos Santos 853:Major League Soccer 843:Sports sponsorships 475:Golden Gate Capital 337:dietary supplements 300: /  262:Number of employees 192:protein supplements 187:Dietary supplements 34: 18:Herbalife Nutrition 5875:Aman Futures Group 5770:Usborne Publishing 5755:Success University 5215:. April 12, 2016. 5185:. April 11, 2017. 4470:The New York Times 4085:. March 12, 2015. 3621:The New York Times 3254:"AESAN Evaluation" 3223:on April 19, 2021. 2624:on January 1, 2020 2023:. October 31, 2022 1929:. April 27, 2018. 1745:. March 14, 2005. 1648:The New York Times 1502:The New York Times 1421:"Unbridled Growth" 1262:The New York Times 1163:The New York Times 836:China Economic Net 724:On May 1, 2012, a 521: 483:Michael O. Johnson 376:Michael O. Johnson 309:33.8572; -118.2919 173:Michael O. Johnson 117:February 1980 92:KYG4412G1010  32: 6013: 6012: 5980:The Trump Network 5960:Royal Tongan Limu 5790:YTB International 5406:Media related to 5213:New York Magazine 5152:Los Angeles Times 4945:. July 13, 2020. 4646:Los Angeles Times 4530:. July 15, 2016. 4472:. July 16, 2016. 4241:. April 5, 2018. 4209:. April 5, 2018. 3748:Los Angeles Times 2786:(10): 1080–1087. 2703:hepatotoxicity". 2508:. July 19, 2010. 2490:on June 17, 2008. 2431:. August 22, 2008 1976:Los Angeles Times 1959:. April 24, 2018. 1477:on April 19, 2005 1452:Los Angeles Times 1233:. July 15, 2016. 1086:. July 15, 2016. 892:augmented reality 861:Cristiano Ronaldo 770:FTC investigation 759:. In March 2018, 423:, and food-grade 284: 283: 218:5.06 billion 16:(Redirected from 6068: 5775:Vector Marketing 5670:Modi Enterprises 5480: 5473: 5466: 5457: 5456: 5414:Official website 5405: 5389: 5388: 5386: 5384: 5364: 5358: 5357: 5355: 5353: 5333: 5327: 5326: 5324: 5322: 5301: 5295: 5294: 5292: 5290: 5268: 5262: 5261: 5259: 5257: 5235: 5229: 5228: 5226: 5224: 5205: 5199: 5198: 5196: 5194: 5175: 5169: 5168: 5166: 5164: 5142: 5136: 5135: 5133: 5131: 5126:. March 29, 2023 5116: 5110: 5109: 5107: 5105: 5085: 5079: 5078: 5076: 5074: 5054: 5048: 5047: 5045: 5043: 5034:. June 1, 2018. 5024: 5018: 5017: 5015: 5013: 4994: 4988: 4987: 4985: 4983: 4965: 4959: 4958: 4956: 4954: 4935: 4929: 4928: 4926: 4924: 4909: 4903: 4902: 4900: 4898: 4883: 4877: 4876: 4874: 4872: 4863:. June 5, 2013. 4853: 4847: 4846: 4844: 4842: 4820: 4814: 4813: 4811: 4809: 4781: 4775: 4774: 4772: 4770: 4750: 4744: 4743: 4741: 4739: 4720: 4714: 4713: 4711: 4709: 4694: 4688: 4687: 4685: 4683: 4668: 4662: 4661: 4659: 4657: 4638: 4632: 4631: 4629: 4627: 4612: 4606: 4605: 4603: 4601: 4581: 4575: 4574: 4572: 4570: 4550: 4544: 4543: 4541: 4539: 4520: 4514: 4513: 4511: 4509: 4492: 4486: 4485: 4483: 4481: 4462: 4456: 4455: 4453: 4451: 4431: 4425: 4424: 4422: 4420: 4400: 4394: 4393: 4391: 4389: 4369: 4363: 4362: 4360: 4358: 4347:Business Insider 4338: 4332: 4331: 4329: 4327: 4311: 4305: 4304: 4302: 4300: 4284: 4278: 4277: 4275: 4273: 4261: 4255: 4254: 4252: 4250: 4238:Business Insider 4229: 4223: 4222: 4220: 4218: 4197: 4191: 4190: 4188: 4186: 4166: 4160: 4159: 4157: 4155: 4136: 4130: 4129: 4127: 4125: 4105: 4099: 4098: 4096: 4094: 4075: 4069: 4068: 4066: 4064: 4044: 4038: 4037: 4035: 4033: 4017: 4011: 4004: 3998: 3984: 3978: 3977: 3975: 3973: 3953: 3944: 3943: 3941: 3939: 3924: 3918: 3917: 3915: 3913: 3893: 3887: 3886: 3884: 3882: 3862: 3856: 3855: 3853: 3851: 3832: 3826: 3825: 3823: 3821: 3812:. May 14, 2012. 3802: 3796: 3795: 3793: 3791: 3786:on March 4, 2016 3785: 3778: 3770: 3764: 3763: 3761: 3759: 3739: 3733: 3732: 3730: 3728: 3713: 3707: 3706: 3704: 3702: 3687: 3681: 3680: 3678: 3676: 3661: 3655: 3654: 3643: 3637: 3636: 3634: 3632: 3623:. May 30, 1985. 3613: 3607: 3606: 3604: 3602: 3590:Retraction Watch 3581: 3575: 3574: 3572: 3570: 3548: 3542: 3541: 3539: 3537: 3531: 3522:Retraction Watch 3518: 3509: 3503: 3502: 3500: 3498: 3490: 3479:Retraction Watch 3458: 3440: 3416: 3410: 3409: 3407: 3405: 3382: 3376: 3375: 3357: 3333: 3327: 3326: 3316: 3306: 3282: 3276: 3275: 3273: 3271: 3266:on April 7, 2009 3265: 3258: 3250: 3244: 3231: 3225: 3224: 3213: 3207: 3206: 3204: 3202: 3186: 3180: 3179: 3177: 3175: 3160: 3154: 3153: 3143: 3133: 3109: 3103: 3102: 3100: 3098: 3092: 3053: 3044: 3038: 3037: 3014:Medicina Clinica 3009: 3003: 3002: 2992: 2982: 2958: 2952: 2951: 2931: 2925: 2924: 2896: 2890: 2889: 2869: 2863: 2862: 2852: 2842: 2818: 2812: 2811: 2792:10.1002/pds.2180 2774: 2768: 2767: 2738: 2729: 2728: 2699: 2686: 2685: 2683: 2681: 2666: 2660: 2659: 2657: 2655: 2640: 2634: 2633: 2631: 2629: 2614: 2608: 2607: 2605: 2603: 2587: 2581: 2580: 2578: 2576: 2561: 2552: 2551: 2549: 2547: 2531: 2522: 2521: 2519: 2517: 2498: 2492: 2491: 2486:. Archived from 2473: 2467: 2466: 2464: 2462: 2447: 2441: 2440: 2438: 2436: 2421: 2415: 2414: 2412:Ernährungsweise. 2408: 2406: 2391: 2385: 2384: 2382: 2380: 2369: 2363: 2362: 2360: 2358: 2343: 2337: 2336: 2334: 2332: 2317: 2311: 2310: 2308: 2306: 2291: 2282: 2281: 2279: 2277: 2262: 2256: 2255: 2254:on July 3, 2013. 2244: 2238: 2237: 2235: 2233: 2218: 2212: 2211: 2209: 2207: 2192: 2186: 2185: 2183: 2181: 2166: 2160: 2159: 2157: 2155: 2139: 2133: 2132: 2130: 2128: 2112: 2105: 2096: 2095: 2093: 2091: 2086:on March 2, 2013 2085: 2078: 2070: 2064: 2063: 2061: 2059: 2039: 2033: 2032: 2030: 2028: 2013: 2007: 2006: 1994: 1988: 1987: 1985: 1983: 1967: 1961: 1960: 1949: 1943: 1942: 1940: 1938: 1923: 1917: 1916: 1914: 1912: 1893: 1887: 1886: 1884: 1882: 1866: 1860: 1859: 1857: 1855: 1840: 1834: 1833: 1831: 1829: 1809: 1803: 1802: 1800: 1798: 1779: 1773: 1772: 1765: 1759: 1758: 1756: 1754: 1739: 1733: 1732: 1730: 1728: 1708: 1702: 1701: 1699: 1697: 1678: 1672: 1671: 1669: 1667: 1639: 1633: 1632: 1630: 1628: 1607: 1601: 1600: 1593: 1587: 1586: 1584: 1582: 1563: 1557: 1556: 1554: 1552: 1532: 1526: 1525: 1523: 1521: 1493: 1487: 1486: 1484: 1482: 1466: 1457: 1456: 1443: 1437: 1436: 1434: 1432: 1417: 1411: 1410: 1408: 1406: 1387: 1378: 1377: 1375: 1373: 1354: 1348: 1347: 1345: 1343: 1323: 1317: 1316: 1314: 1312: 1292: 1286: 1285: 1283: 1281: 1253: 1247: 1246: 1244: 1242: 1223: 1217: 1216: 1214: 1212: 1193: 1187: 1186: 1184: 1182: 1154: 1148: 1147: 1106: 1100: 1099: 1097: 1095: 1076: 1070: 1069: 1067: 1065: 1045: 1036: 1035: 1033: 1031: 1016: 1010: 1009: 1007: 1005: 990: 881:Overwatch League 877:Guangzhou Charge 711:Commercial Court 526:meal-replacement 315: 314: 312: 311: 310: 305: 301: 298: 297: 296: 293: 280: 277: 253: 227:Operating income 219: 202:sports nutrition 127: 125: 120: 99: 98: 42: 35: 31: 21: 6076: 6075: 6071: 6070: 6069: 6067: 6066: 6065: 6016: 6015: 6014: 6009: 5970:Sunshine Empire 5863: 5794: 5508: 5490: 5484: 5447: 5398: 5393: 5392: 5382: 5380: 5365: 5361: 5351: 5349: 5334: 5330: 5320: 5318: 5303: 5302: 5298: 5288: 5286: 5269: 5265: 5255: 5253: 5245:Huffington Post 5236: 5232: 5222: 5220: 5207: 5206: 5202: 5192: 5190: 5177: 5176: 5172: 5162: 5160: 5143: 5139: 5129: 5127: 5118: 5117: 5113: 5103: 5101: 5086: 5082: 5072: 5070: 5055: 5051: 5041: 5039: 5026: 5025: 5021: 5011: 5009: 4996: 4995: 4991: 4981: 4979: 4967: 4966: 4962: 4952: 4950: 4937: 4936: 4932: 4922: 4920: 4911: 4910: 4906: 4896: 4894: 4885: 4884: 4880: 4870: 4868: 4855: 4854: 4850: 4840: 4838: 4830:Financial Times 4821: 4817: 4807: 4805: 4782: 4778: 4768: 4766: 4751: 4747: 4737: 4735: 4722: 4721: 4717: 4707: 4705: 4696: 4695: 4691: 4681: 4679: 4670: 4669: 4665: 4655: 4653: 4640: 4639: 4635: 4625: 4623: 4614: 4613: 4609: 4599: 4597: 4582: 4578: 4568: 4566: 4551: 4547: 4537: 4535: 4522: 4521: 4517: 4507: 4505: 4493: 4489: 4479: 4477: 4464: 4463: 4459: 4449: 4447: 4432: 4428: 4418: 4416: 4401: 4397: 4387: 4385: 4378:Financial Times 4370: 4366: 4356: 4354: 4339: 4335: 4325: 4323: 4312: 4308: 4298: 4296: 4285: 4281: 4271: 4269: 4262: 4258: 4248: 4246: 4231: 4230: 4226: 4216: 4214: 4199: 4198: 4194: 4184: 4182: 4167: 4163: 4153: 4151: 4138: 4137: 4133: 4123: 4121: 4106: 4102: 4092: 4090: 4077: 4076: 4072: 4062: 4060: 4045: 4041: 4031: 4029: 4018: 4014: 4005: 4001: 3995:Wayback Machine 3985: 3981: 3971: 3969: 3954: 3947: 3937: 3935: 3926: 3925: 3921: 3911: 3909: 3894: 3890: 3880: 3878: 3863: 3859: 3849: 3847: 3834: 3833: 3829: 3819: 3817: 3810:Financial Times 3804: 3803: 3799: 3789: 3787: 3783: 3776: 3772: 3771: 3767: 3757: 3755: 3740: 3736: 3726: 3724: 3715: 3714: 3710: 3700: 3698: 3689: 3688: 3684: 3674: 3672: 3663: 3662: 3658: 3645: 3644: 3640: 3630: 3628: 3615: 3614: 3610: 3600: 3598: 3583: 3582: 3578: 3568: 3566: 3549: 3545: 3535: 3533: 3529: 3516: 3510: 3506: 3492: 3484: 3482: 3459: 3417: 3413: 3403: 3401: 3383: 3379: 3348:(10): 1543–56. 3334: 3330: 3283: 3279: 3269: 3267: 3263: 3256: 3252: 3251: 3247: 3242:Wayback Machine 3232: 3228: 3215: 3214: 3210: 3200: 3198: 3193:. Haaretz.com. 3187: 3183: 3173: 3171: 3162: 3161: 3157: 3110: 3106: 3096: 3094: 3090: 3051: 3045: 3041: 3010: 3006: 2959: 2955: 2932: 2928: 2897: 2893: 2870: 2866: 2819: 2815: 2775: 2771: 2739: 2732: 2700: 2689: 2679: 2677: 2668: 2667: 2663: 2653: 2651: 2642: 2641: 2637: 2627: 2625: 2616: 2615: 2611: 2601: 2599: 2588: 2584: 2574: 2572: 2563: 2562: 2555: 2545: 2543: 2532: 2525: 2515: 2513: 2500: 2499: 2495: 2474: 2470: 2460: 2458: 2449: 2448: 2444: 2434: 2432: 2423: 2422: 2418: 2404: 2402: 2393: 2392: 2388: 2378: 2376: 2371: 2370: 2366: 2356: 2354: 2345: 2344: 2340: 2330: 2328: 2319: 2318: 2314: 2304: 2302: 2301:on May 30, 2019 2293: 2292: 2285: 2275: 2273: 2264: 2263: 2259: 2246: 2245: 2241: 2231: 2229: 2220: 2219: 2215: 2205: 2203: 2194: 2193: 2189: 2179: 2177: 2168: 2167: 2163: 2153: 2151: 2140: 2136: 2126: 2124: 2107: 2106: 2099: 2089: 2087: 2083: 2076: 2072: 2071: 2067: 2057: 2055: 2040: 2036: 2026: 2024: 2015: 2014: 2010: 1995: 1991: 1981: 1979: 1969: 1968: 1964: 1951: 1950: 1946: 1936: 1934: 1925: 1924: 1920: 1910: 1908: 1895: 1894: 1890: 1880: 1878: 1867: 1863: 1853: 1851: 1842: 1841: 1837: 1827: 1825: 1810: 1806: 1796: 1794: 1781: 1780: 1776: 1766: 1762: 1752: 1750: 1741: 1740: 1736: 1726: 1724: 1709: 1705: 1695: 1693: 1680: 1679: 1675: 1665: 1663: 1650:. p. B11. 1640: 1636: 1626: 1624: 1609: 1608: 1604: 1597:"SEC 10-k 2005" 1595: 1594: 1590: 1580: 1578: 1565: 1564: 1560: 1550: 1548: 1533: 1529: 1519: 1517: 1494: 1490: 1480: 1478: 1467: 1460: 1455:. May 29, 1985. 1445: 1444: 1440: 1430: 1428: 1419: 1418: 1414: 1404: 1402: 1389: 1388: 1381: 1371: 1369: 1356: 1355: 1351: 1341: 1339: 1324: 1320: 1310: 1308: 1293: 1289: 1279: 1277: 1254: 1250: 1240: 1238: 1225: 1224: 1220: 1210: 1208: 1195: 1194: 1190: 1180: 1178: 1155: 1151: 1107: 1103: 1093: 1091: 1078: 1077: 1073: 1063: 1061: 1046: 1039: 1029: 1027: 1018: 1017: 1013: 1003: 1001: 992: 991: 980: 975: 956:Betting on Zero 929:Betting on Zero 920: 845: 828: 772: 738: 699: 629: 592: 513: 467: 396: 345:acute hepatitis 308: 306: 302: 299: 294: 291: 289: 287: 286: 274: 263: 249: 241: 229: 214: 206: 169: 158: 129: 123: 121: 118: 93: 82: 61: 28: 23: 22: 15: 12: 11: 5: 6074: 6064: 6063: 6058: 6053: 6048: 6043: 6038: 6033: 6028: 6011: 6010: 6008: 6007: 6002: 5997: 5992: 5987: 5982: 5977: 5972: 5967: 5962: 5957: 5952: 5947: 5942: 5937: 5932: 5927: 5922: 5917: 5912: 5907: 5902: 5897: 5892: 5887: 5882: 5877: 5871: 5869: 5865: 5864: 5862: 5861: 5856: 5851: 5846: 5841: 5836: 5831: 5826: 5821: 5816: 5811: 5805: 5803: 5796: 5795: 5793: 5792: 5787: 5782: 5777: 5772: 5767: 5762: 5757: 5752: 5747: 5742: 5737: 5732: 5727: 5722: 5720:Rodan + Fields 5717: 5712: 5707: 5702: 5697: 5692: 5687: 5682: 5677: 5672: 5667: 5662: 5660:Market America 5657: 5652: 5647: 5642: 5637: 5632: 5627: 5622: 5617: 5612: 5610:Grupo Omnilife 5607: 5602: 5597: 5592: 5587: 5582: 5577: 5572: 5567: 5562: 5560:BioPerformance 5557: 5552: 5547: 5542: 5537: 5532: 5527: 5522: 5516: 5514: 5510: 5509: 5507: 5506: 5504:Direct selling 5501: 5495: 5492: 5491: 5483: 5482: 5475: 5468: 5460: 5454: 5453: 5448: 5446: 5445: 5440: 5435: 5430: 5425: 5419: 5416: 5411: 5397: 5396:External links 5394: 5391: 5390: 5359: 5328: 5296: 5263: 5230: 5200: 5170: 5137: 5111: 5080: 5049: 5019: 4989: 4960: 4930: 4904: 4878: 4848: 4815: 4776: 4745: 4715: 4689: 4663: 4633: 4607: 4590:JournalNow.com 4576: 4545: 4515: 4487: 4457: 4426: 4395: 4364: 4333: 4306: 4291:. Nypost.com. 4279: 4256: 4224: 4192: 4161: 4131: 4100: 4070: 4039: 4012: 4006:Felix Salmon, 3999: 3986:John Hempton, 3979: 3945: 3919: 3888: 3857: 3827: 3797: 3765: 3734: 3708: 3693:. Scribd.com. 3682: 3656: 3638: 3608: 3576: 3543: 3504: 3431:(2): 268–272. 3411: 3386:Bik, Elisabeth 3377: 3328: 3277: 3245: 3226: 3208: 3181: 3155: 3124:(10): 275–77. 3104: 3039: 3004: 2953: 2926: 2891: 2864: 2813: 2769: 2750:(4): 521–526. 2730: 2711:(4): 514–520. 2687: 2661: 2635: 2609: 2582: 2553: 2523: 2493: 2468: 2442: 2416: 2386: 2364: 2338: 2312: 2283: 2257: 2239: 2213: 2187: 2161: 2134: 2097: 2065: 2034: 2008: 1989: 1962: 1944: 1918: 1888: 1861: 1835: 1804: 1774: 1770:Bloomberg L.P. 1760: 1734: 1703: 1673: 1634: 1602: 1588: 1558: 1527: 1488: 1458: 1438: 1412: 1379: 1349: 1318: 1287: 1248: 1218: 1188: 1149: 1122:(4): 514–520. 1101: 1071: 1037: 1011: 977: 976: 974: 971: 961:The 2018 book 919: 916: 844: 841: 827: 824: 814:(DOJ) and the 790:New York Post' 771: 768: 737: 734: 698: 695: 669:hepatotoxicity 628: 625: 591: 590:Business model 588: 538:Hunan Province 512: 509: 466: 463: 405:direct-selling 395: 392: 368:Mark R. Hughes 349:Cayman Islands 341:pyramid scheme 319:, also called 282: 281: 272: 268: 267: 264: 261: 258: 257: 254: 246: 245: 242: 237: 234: 233: 230: 225: 222: 221: 212: 208: 207: 205: 204: 199: 194: 189: 183: 181: 177: 176: 170: 167: 164: 163: 161:Cayman Islands 153: 149: 148: 146:Mark R. Hughes 143: 139: 138: 115: 111: 110: 105: 101: 100: 90: 84: 83: 81: 80: 74: 64: 62: 57: 54: 53: 51:Public company 48: 44: 43: 26: 9: 6: 4: 3: 2: 6073: 6062: 6059: 6057: 6054: 6052: 6049: 6047: 6044: 6042: 6039: 6037: 6034: 6032: 6029: 6027: 6024: 6023: 6021: 6006: 6003: 6001: 5998: 5996: 5993: 5991: 5988: 5986: 5983: 5981: 5978: 5976: 5973: 5971: 5968: 5966: 5963: 5961: 5958: 5956: 5955:Nouveau Riche 5953: 5951: 5948: 5946: 5943: 5941: 5938: 5936: 5933: 5931: 5928: 5926: 5923: 5921: 5920:Holiday Magic 5918: 5916: 5913: 5911: 5908: 5906: 5903: 5901: 5898: 5896: 5893: 5891: 5888: 5886: 5883: 5881: 5880:Beautycounter 5878: 5876: 5873: 5872: 5870: 5866: 5860: 5857: 5855: 5852: 5850: 5847: 5845: 5842: 5840: 5837: 5835: 5832: 5830: 5827: 5825: 5824:Morinda, Inc. 5822: 5820: 5817: 5815: 5812: 5810: 5807: 5806: 5804: 5802: 5797: 5791: 5788: 5786: 5783: 5781: 5778: 5776: 5773: 5771: 5768: 5766: 5763: 5761: 5758: 5756: 5753: 5751: 5750:Stream Energy 5748: 5746: 5743: 5741: 5738: 5736: 5733: 5731: 5728: 5726: 5723: 5721: 5718: 5716: 5713: 5711: 5708: 5706: 5705:Pampered Chef 5703: 5701: 5698: 5696: 5695:Ong Kean Swan 5693: 5691: 5688: 5686: 5683: 5681: 5678: 5676: 5673: 5671: 5668: 5666: 5663: 5661: 5658: 5656: 5653: 5651: 5648: 5646: 5643: 5641: 5638: 5636: 5633: 5631: 5628: 5626: 5623: 5621: 5618: 5616: 5613: 5611: 5608: 5606: 5603: 5601: 5598: 5596: 5593: 5591: 5588: 5586: 5583: 5581: 5578: 5576: 5573: 5571: 5568: 5566: 5563: 5561: 5558: 5556: 5555:Avon Products 5553: 5551: 5548: 5546: 5543: 5541: 5538: 5536: 5533: 5531: 5528: 5526: 5523: 5521: 5518: 5517: 5515: 5511: 5505: 5502: 5500: 5497: 5496: 5493: 5488: 5481: 5476: 5474: 5469: 5467: 5462: 5461: 5458: 5452: 5449: 5444: 5441: 5439: 5436: 5434: 5431: 5429: 5426: 5424: 5421: 5420: 5417: 5415: 5412: 5409: 5404: 5400: 5399: 5378: 5374: 5370: 5363: 5347: 5343: 5339: 5332: 5316: 5312: 5311: 5310:New York Post 5306: 5300: 5284: 5280: 5279: 5274: 5267: 5251: 5247: 5246: 5241: 5234: 5218: 5214: 5210: 5204: 5188: 5184: 5180: 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