Advertising Console

    Ackman Accuses Herbalife Of Breaking Laws In China

    Wochit Headline News

    by Wochit Headline News

    Billionaire investor William Ackman renewed his attack on Herbalife saying he has evidence showing the nutrition and weight loss company is breaking direct-selling laws in China, its fastest growing market. The company said it follows local laws, and Chinese regulators have yet to comment on the matter. Ackman, who has placed a $1 billion short bet against Herbalife, said the company is breaking the law by making recruits pay an entry fee and by letting distributors recruit new members.