FTC Tipping Hand on Multi-Level Marketing Probes?
San Diego (TheStreet) -- The FTC's press conference on weight loss and skin cream claims focused on a few small companies that advertise in the media. It was pretty much a nonevent (except, of course, for those companies and its victims.)
But this was interesting: The New York Post's Michelle Celarier asked whether the agency would be looking into companies that market through other channels, like multi-level marketing. She noted that prior to the press conference there had been some stories wondering whether Herbalife (HLF) or Nu Skin (NUS) might be mentioned.
Jessica Rich, director of the FTC's Bureau of Consumer Protection, replied: "We read those same stories. We can't comment on companies we haven't brought actions on in the past because investigations are nonpublic." Then she quickly added, "We have other investigations going on..."
They could have just said: "No comment."
Interpret at will.
-- Written by Herb Greenberg in San Diego
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