Latest News: Technology |  Celebrity |  Movies |  Apple |  Cars |  Business |  Sports |  TV Shows |  Geek

Trending

Filed under: News | Other Stuff

 

FBI Herbalife Probe is an Ongoing Affair

The FBI has led an investigation into Herbalife which is a company that sells health shakes and powders. The probe is an ongoing matter currently.

1 Updates
FBI Herbalife Probe is an Ongoing Affair
Herbalife
 
 

YouTube Videos Comments

Full Story

FBI Herbalife Probe is an Ongoing Affair

The head of Herbalife, William Ackman has called it a pyramid scheme. But his company is currently under the keen gaze of the Federal Bureau of Investigation. This news sent the stocks tumbling down 14%. 

The FBI Herbalife probe has been going on for some time and it is expected to continue until some solid proofs are collected. While no arrests have been made, things at Herbalife look suspicious alright. 

However, the FBI refused to comment any further on the matter when contacted. The private business ethics of the company seem to have been called into question. Within its ambit lay the recruitment policies of the firm. 

The textual materials owned by Herbalife are under the FBI’s microscope as well. And while the FBI and Herbalife have not gotten in each other’s ways up until now, it is standard practice at the Bureau to snoop around without telling others about it. 

The whole story began when the FTC requested Herbalife to pay closer attention to its working practices. The organizational policy of discrimination against ethnic minorities remained the main issue at hand. 

And as far as Ackman’s $13 billion hedge fund is concerned, it came up a billion dollars short. This has the potential for fraudulent practice. The fact that Herbalife may get a complete pardon depends on several factors. 

One Massachusetts resident especially bears grudges against the company. According to him, the company has a tendency to target those who are vulnerable and it literally fleeces them. 

The future looks precarious for the Herbalife which has its prospects teetering on the verge of both success and failure. Either the FBI will act decisively especially if it notices any further hanky-panky or it will leave the matter alone. That is yet to be seen though. 

Source: Reuters

 

iPad Air Giveaway. Win a free iPad Air.

You Might Also Like

Updates


Sponsored Update


Advertisement


More From the Web

Shopping Deals

 
 
 

<a href="/latest_stories/all/all/20" rel="author">Sumayah Aamir</a>
Sumayah Aamir (Google+) has deep experience in analyzing the latest trends.

 

 

Comments

blog comments powered by Disqus

Latest stories

Apple iPhone 6 Display Delay creates New Hurdles
Apple iPhone 6 Display Delay creates New Hurdles
Display screen delay and related problems in the Apple iPhone 6 has created new hurdles for the suppliers of the company.
 
 
Iggy Azalea is an Asset for the Regular Music Circuit
Iggy Azalea is an Asset for the Regular Music Circuit
The Aussie, Iggy Azalea has become an asset for the regular music circuit. She will furthermore be a headliner for the SLS party which is to take place in Las Vegas, Nevada.
 
 
Lauryn Hill dedicates her Song Black Rage to Ferguson Citizens
Lauryn Hill dedicates her Song Black Rage to Ferguson Citizens
The Fugees singer, Lauryn Hill has dedicated her song Black Rage to the citizens of Ferguson, Missouri.
 
 
Digital Textbooks are the Best Things since PDAs
Digital Textbooks are the Best Things since PDAs
The devices known as digital textbooks are the best things since PDAs (personal digital assistants). They are the supplement to teachers and teaching.
 
 
 

About the Geek Mind

The “geek mind” is concerned with more than just the latest iPhone rumors, or which company will win the gaming console wars. I4U is concerned with more than just the latest photo shoot or other celebrity gossip.

The “geek mind” is concerned with life, in all its different forms and facets. The geek mind wants to know about societal and financial issues, both abroad and at home. If a Fortune 500 decides to raise their minimum wage, or any high priority news, the geek mind wants to know. The geek mind wants to know the top teams in the National Football League, or who’s likely to win the NBA Finals this coming year. The geek mind wants to know who the hottest new models are, or whether the newest blockbuster movie is worth seeing. The geek mind wants to know. The geek mind wants—needs—knowledge.

Read more about The Geek Mind.