WASHINGTON, DC–(Marketwired – Might 2, 2014) – Final week’s information in regards to the Los Angeles-based dietary dietary supplements firm Herbalife Ltd. made the headlines after the Monetary Occasions reported that Herbalife was underneath an investigation. When confronted with the information, Herbalife put out an announcement denying any data of such actions. Jeff Ifrah, the founding father of the Washington, DC primarily based regulation agency, Ifrah Legislation, suggested, “If Herbalife is unaware of the investigation, it is presumably an indication that the probe has not but reached a important stage.”
On agency weblog Crimeinthesuites.com, David Deitch and Jeff Ifrah level out that for the Federal Commerce Fee the Herbalife case may represent a worthwhile alternative to outline its guidelines on what constitutes a pyramid scheme and the way it differs from a multi-level advertising (MLM) firm. The 2 attorneys clarify that the one FTC pointers for MLM firms which are presently in impact stem from litigation in 1979 when Amway, a direct promoting firm, was accused of operating an unlawful pyramid scheme. With the continuing development of the MLM trade — based on a examine it was price roughly $30 billion in 2012 — an growing variety of firms are going through the problem of defending themselves in opposition to pyramid scheme accusations. Except for the rules following the Amway case and a employees advisory opinion in 2004, the FTC has offered little to no additional definition on what constitutes a pyramid scheme and the way firms can present that their operations are respectable and authorized.
Due to his in depth expertise, Jeff Ifrah is ideally suited to advise firms that become involved in enforcement issues with the Federal Commerce Fee or different state companies. Jeff helps these companies to ascertain firm insurance policies that present their good religion effort. Jeff began his profession as a trial lawyer and officer within the U.S. Military’s Decide Advocate Basic’s Corps and as trial counsel to the U.S. Military Communications-Electronics Command at Fort Monmouth. He then served as a particular assistant U.S. legal professional within the U.S. Lawyer’s workplace in New Jersey and labored for the worldwide regulation corporations Paul Hastings and Greenberg Traurig earlier than he established his personal regulation agency in Washington D.C.
Jeff Ifrah Legislation: http://www.jeffifrahlaw.com
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