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U.S. FTC says considering lawmaker's concerns about Herbalife
February 28, 2014 / 9:41 PM / 4 years ago

U.S. FTC says considering lawmaker's concerns about Herbalife

BOSTON, Feb 28 (Reuters) - The U.S. Federal Trade Commission on Friday refused to say whether it is taking any action on allegations made against Herbalife but said it is considering a U.S. lawmaker’s concerns about the company.

The regulator responded to questions raised by Senator Edward Markey, a Massachusetts Democrat, who said several of his constituents had lost a large amount of money by joining in Herbalife’s multi-level-marketing practice.

Herbalife has been accused by billionaire investor William Ackman of running a pyramid scheme, an allegation the company denies.

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