Multi-level marketing giant Herbalife Nutrition Ltd. has agreed to $123 million to settle federal charges that it bribed Chinese officials to advance its business in China, the U.S. Department of Justice said on Aug. 28.
Herbalife, a Los Angeles-based multi-level marketing company that sells health and dietary supplements, admitted to engaging in a decade-long scheme to bribe Chinese officials and falsifying its books to conceal such payments, the department said.
