Tagged: Herbalife FCPA

Episode 160 — A Deep Dive into the Herbalife FCPA Settlement

DOJ and the SEC settled concluded its long-pending FCPA investigation of Herbalife Nutrition Ltd (“Herbalife”). Herbalife entered into a 3-year deferred prosecution agreement (“DPA”) with DOJ and an administrative order with the SEC, and agreed to pay $55 million in criminal penalties and $67 million in disgorgement and prejudgment interest to the SEC. In this Episode, Michael Volkov reviews the Herbalife FCPA settlement. Listen HERE.

Herbalife’s China Bribery Scheme (Part II of III)

Herbalife’s bribery scheme in China stretched across the 28 provinces of China and even involved an Herbalife senior executive in its headquarters in Los Angeles, California.  DOJ has indicted Yangling Li, aka Jerry Li, and Hongwei Yang, aka Mary Yang, two Chinese nationals who carried out the scheme. The Statement of Facts provides some important details about the scheme.  Herbalife’s business in China depended on...

Herbalife Settles FCPA Charges and Agrees to Pay $123 Million (Part I of III)

DOJ and the SEC settled their long-pending FCPA investigation of Herbalife Nutrition Ltd (“Herbalife”).  Herbalife entered into a 3-year deferred prosecution agreement (“DPA”) with DOJ and an administrative order with the SEC, and agreed to pay $55 million in criminal penalties and $67 million in disgorgement and prejudgment interest to the SEC.  In light of the criminal penalties, the SEC declined to impose any civil...

DOJ Charges Two Herbalife Executives with Criminal FCPA Violations

Last week, DOJ announced the indictment of two former Herbalife executives in China for participating in a bribery scheme over a ten-year period.  Herbalife, a multi-level marketing company, was not charged and its investigation is ongoing. The criminal; indictment, which was returned in the Southern Dustrict of New York, charges Yangling Li, aka Jerry Li, and Hongwei Yang, aka Mary Yang.  Li was the former...