FBI conducting a probe into Herbalife: sources

[riky]

FBI conducting a probe into Herbalife: sources

<p><a href="http://news.yahoo.com/fbi-conducting-probe-herbalife-source-211828762--sector.html"><img src="http://l.yimg.com/bt/api/res/1.2/JW1hTRmSQqYufO11VJhohQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9NzU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2014-04-11T235724Z_3_CBREA3A1N6Z00_RTROPTP_2_USA.JPG" width="130" height="86" alt="The Herbalife logo is seen on a building housing some of their offices in downtown Los Angeles, California" align="left" title="The Herbalife logo is seen on a building housing some of their offices in downtown Los Angeles, California" border="0" /></a>By Emily Flitter and Svea Herbst-Bayliss NEW YORK/BOSTON (Reuters) - The FBI is probing Herbalife Ltd, the nutrition and weight loss company that hedge fund manager William Ackman has called a pyramid scheme, sources familiar with the investigation said on Friday. The news, first reported by the Financial Times, sparked a sharp sell-off that sent the stock price down nearly 14 percent. A spokesman for the Federal Bureau of Investigation in Boston declined to confirm or deny the investigation. Former Herbalife distributors reached by Reuters said they had been contacted by agents who were interested in finding out more about the multilevel marketing company's business practices, including how it recruits new members into its distribution scheme.</p><br clear="all"/>

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