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Herbalife

1980 establishments in California1980s initial public offeringsCitation overkillCompanies based in Los AngelesCompanies listed on the New York Stock Exchange
Multi-level marketing companiesNutritional supplement companies of the United StatesPages with non-numeric formatnum argumentsPyramid and Ponzi schemesRetail companies established in 1980Use mdy dates from May 2021

Herbalife Nutrition Ltd., also called Herbalife International, Inc. (with a U.S. subsidiary called Herbalife International of America) or simply Herbalife, is a global multi-level marketing (MLM) corporation that develops and sells dietary supplements. The company has been alleged to have fraudulently operated a pyramid scheme. 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. The company was founded by Mark R. Hughes in 1980, and it employs an estimated 9,900 people worldwide. The company operates in 95 countries through a network of approximately 4.5 million independent distributors and members. In October 2022, previous CEO Michael O. Johnson was appointed as Chairman and interim Chief Executive Officer following the departure of John Agwunobi.Herbalife has been accused of deceiving consumers about potential returns, and that most returns are made from distributors that one recruits. The company agreed to "fundamentally restructure" its business in the United States, and pay a $200 million fine as part of a 2016 settlement with the U.S. Federal Trade Commission (FTC) following these accusations.

Excerpt from the Wikipedia article Herbalife (License: CC BY-SA 3.0, Authors).

Herbalife
South Vermont Avenue, Los Angeles

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N 33.8572 ° E -118.2919 °
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Bank of the West

South Vermont Avenue
90248 Los Angeles
California, United States
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