Illinois investigates Herbalife as federal, state probes grow

[riky]

Illinois investigates Herbalife as federal, state probes grow

<p><a href="http://news.yahoo.com/illinois-investigates-herbalife-federal-state-probes-grow-190732437--sector.html"><img src="http://l2.yimg.com/bt/api/res/1.2/7xPUYLKRWFHEX41ClPLong--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9NzU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2014-04-17T190914Z_1_CBREA3G1H7G00_RTROPTP_2_HERBALIFE-RESULTS.JPG" width="130" height="86" alt="An Herbalife logo is shown on a poster at a clinic in the Mission District in San Francisco" align="left" title="An Herbalife logo is shown on a poster at a clinic in the Mission District in San Francisco" border="0" /></a>By Svea Herbst-Bayliss BOSTON (Reuters) - Illinois Attorney General Lisa Madigan's office said on Thursday it is investigating Herbalife Ltd, joining other state and federal probes of allegations that the weight loss and nutrition company is running a pyramid scheme. Madigan's office was urged to look into the company months ago by civil rights groups, which claimed it was a pyramid scheme targeting minorities. Hedge fund manager William Ackman was the first to call Herbalife a fraud and placed a $1 billion bet against the company in 2012. The company denies the allegations, and high-profile investors such as Carl Icahn, George Soros and Daniel Loeb have supported the company in the past by taking stakes.</p><br clear="all"/>

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