Herbalife Nutrition Ltd.’s “decade-long scheme” of bribing authorities and falsifying business records in China is costing the nutrition and weight loss supplements direct seller $123m in fines to resolve civil and criminal charges filed by US agencies.
While the firm agreed to pay fines in settlements with the Securities and Exchange Commission and the Department of Justice, two former executives for its operations in China still face criminal charges alleging violations of the Foreign Corrupt Practices Act
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