Herbalife
American global multi-level marketing companyHerbalife Nutrition Ltd., also called Herbalife International, Inc. or simply Herbalife, is an American multinational multi-level marketing (MLM) corporation that develops and sells dietary supplements. The company has been alleged to have fraudulently operated a pyramid scheme; under an SEC agreement in 2016 the compensation and other benefits were restructured to include tying distributor rewards to verifiable sales. Some products sold by Herbalife have caused acute hepatitis. The business is incorporated in the Cayman Islands, a tax haven, with its corporate headquarters located in Los Angeles, California.
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Timeline
AI Generated- February 1980Mark R. Hughes began selling the original Herbalife weight management product from the trunk of his car.
- 1980Herbalife was founded by Mark R. Hughes.
- 1982Herbalife received complaints from the Food and Drug Administration.
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