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    Ackman Accuses Herbalife Of Breaking Laws In China

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    Wochit Headline News

    by Wochit Headline News

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    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.