FTC sends checks to more than 300,000 people who fell victims to Herbalife scheme

The Federal Trade Commission is sending checks to nearly 350,000 people who lost money while working for Herbalife.

Back in July, the company settled with the FTC and agreed to pay $200 million to people who lost money due to the company’s unlawful practices.

In that settlement, the FTC also required Herbalife to restructure its business.

The refunds are some of the largest the FTC has made in any consumer protection action to date, the agency said.

“We are pleased to announce that hundreds of thousands of hard-working consumers victimized by Herbalife’s deceptive earnings claims will receive money back,” said Jessica Rich, Director of the agency’s Bureau of Consumer Protection. “Along with changes the company will make to its business structure, this is a win for consumers.”

The FTC said it is using Herbalife’s records to determine who will receive a refund and how much it will be for.

The agency is providing partial refunds to people who ran an Herbalife business in the U.S. between 2009 and 2015, and who paid at least $1,000 to Herbalife but got nothing back from the company.

The reimbursements are between $100 and $500, the largest checks are more than $9,000, the FTC said.

For more information on the redress distributions CLICK HERE.

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