Hispanic Federation Urges FTC To Investigate Herbalife

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HFA Staff
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Herbalife Ltd. (NYSE:HLF) has been particularly active today, trading up 9 percent. While there are some who cannot get enough of Herbalife, the Latinos are not so happy with the nutritional supplements company. The Hispanic Federation wrote to FTC on Friday, seeking an investigation into Herbalife Ltd. (NYSE:HLF), saying that they had concerns about the company’s business model. The letter asks for a probe into the way the company promises huge gains for the distributors but in reality they end up losing money. The letter alleges that Herbalife’s marketing campaign lures immigrants into buying its products with the promise of big…

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