As part of the “we’re not a pyramid scheme, winkwinknudgenudge”
settlement
Herbalife reached with the FTC last year, $200 million will be returned to 350,000 Herbalife victims.
Quoting Jessica Rich, Director of the FTC’s Bureau of Consumer Protection, a January 10th
press-release
issued by the FTC reads;
We are pleased to announce that hundreds of thousands of hard-working consumers victimized by Herbalife’s deceptive earnings claims will receive money back.
Along with changes the company will make to its business structure, this is a win for consumers.
Which Herbalife affiliates qualified for a share of the $200 million was determined via FTC analysis of Herbalife’s records.
Generally, the FTC is providing partial refunds to people who ran an Herbalife business in the United States between 2009 and 2015, and who paid at least $1,000 to Herbalife but got little or nothing back from the company.
Most checks are between $100 and $500; the largest checks exceed $9,000.
The next phase of the FTC settlement will see Herbalife implement a retail centric compensation plan for their US market.
🤖 Quick Answer
What was the FTC's settlement with Herbalife regarding consumer refunds?The FTC required Herbalife to return $200 million to approximately 350,000 consumers who were harmed by the company's deceptive earnings claims. The refunds were distributed to qualifying affiliates based on FTC analysis of Herbalife's business records, alongside structural changes the company implemented to its business operations.
Who was eligible to receive compensation from the Herbalife settlement?
Eligible recipients were individuals who operated an Herbalife business and were identified through the FTC's examination of company records. The agency determined qualification based on documented participation and financial losses resulting from Herbalife's misleading representations about potential earnings and business viability.
What did the FTC consider a significant outcome of this settlement?
According to Jessica Rich, Director of the FTC's Bureau of Consumer Protection, the settlement represented a
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