By Svea Herbst-Bayliss BOSTON (Reuters) - Herbalife is still engaged in improper recruiting tactics and is likely violating multi-level market restrictions in China, activist hedge fund manager William Ackman wrote to his investors on Monday. The billionaire investor on Monday told clients in a letter, seen by Reuters, that he would soon be releasing findings that his own investigation into the nutrition and weight loss company has turned up. Herbalife prohibited "lead generation" methods to find new distributors at the end of June, but Ackman said the practices, promoted by the company's top distributors, are still being used. Herbalife spokeswoman Barbara Henderson said the company has no comment.
via Health News Headlines - Yahoo News http://news.yahoo.com/ackman-sticks-herbalife-short-sale-promises-information-2014-204436095--sector.html
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