Herbalife Pays $123M To Resolve Criminal, Civil Charges From US Investigation Of China Business
SEC: Firm 'Failed To Detect And Prevent Improper Payments And Falsified Expense Reports'
Executive Summary
Direct seller pays fines in settlements with SEC and DoJ on bribery and other charges but two former executives for its operations in China still face criminal charges alleging violations of the Foreign Corrupt Practices Act. They have not been arrested and have remained at large since being charged in November 2019.
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