Posted on 11/17/2015 10:54:13 AM PST by Fractal Trader
Federal agencies including the Department of Justice will announce on Tuesday criminal and civil actions related to unlawful advertising and sale of dietary supplements.
Shares of dietary supplement makers GNC Holdings Inc were down 24 percent in afternoon trading, while those of Vitamin Shoppe fell nearly 8 percent and Herbalife Ltd 2.5 percent.
Herbalife spokesman Alan Hoffman said in an email the investigation had nothing to do with the company.
Representatives of GNC and Vitamin Shoppe were not immediately available for comment.
The DoJ said it would hold a news conference at 3:30 p.m. ET to announce the results of its investigation.
The DoJ said the news conference would be attended by representatives of the U.S. Food and Drug Administration, the U.S. Postal Inspection Service, the Federal Trade Commission, the Department of Defense and the U.S. Anti-Doping Agency.
GNC Holdings came under scrutiny from the office of New York Attorney General Eric Schneiderman earlier this year related to certain ingredients used in its herbal supplements.
(Excerpt) Read more at reuters.com ...
This is either directly or indirectly against the policies stated in federal law.
Follow the $$$$$.
Like the CBF and other issues, with this I’m in the odd quandary of feeling obligated to stand up and fight in favor of something I’m not in favor of. I want to live the lesson of the old “first they came for...” parable, conflicted by the weirdness of defending something against legislation when I’d otherwise berate it at length.
Ask Dr. Oz, when the SHTF with Dear Leader being questioned, he will throw everyone he can under the bus.
The next comment from Dear Leader might be about Sheen.
I get the impression the federal government would be happier if we were all dead and they can replace this with a nice little Muslim slaves
yes and yes and a lot of good points are being posted here
but still.. .there are some advertisements (even on ‘conservative talk radio’ programs) making claims for products that are patently untrue, or for which there is little or no reliable evidence
such as ‘lose 35 pounds of belly fat,’ buy A****400 pills’
the public deserves some basic truth in advertising, is all I’m saying. (If a product is not dangerous, I still believe it should be available for purchase...we consumers are entitled to honesty tho....the fake or unsubstantiated claims really should be cleaned up!)
Drug companies can’t stand the fact that simple vitamin supplements can do what their multibillion dollar drugs do in some cases.
What!? And we’re still reeling from the shock of the Obama tanning bed tax!
Wonder if this has something to do with that? If so, well, I like the idea of "truth in advertising".
thanks. there are some crooks out there who advertise stuff to lose weight or make little wimps into giant=sized powerful machismo machines, or to make 70 year old people instantly look 17 again
they sell tons of their products
and must make millions and millions and millions
the advertising needs to be cleaned up, its just unfair to take advantage of people this way
[ yes and yes and a lot of good points are being posted here
but still.. .there are some advertisements (even on âconservative talk radioâ programs) making claims for products that are patently untrue, or for which there is little or no reliable evidence
such as âlose 35 pounds of belly fat,â buy A****400 pillsâ
the public deserves some basic truth in advertising, is all Iâm saying. (If a product is not dangerous, I still believe it should be available for purchase...we consumers are entitled to honesty tho....the fake or unsubstantiated claims really should be cleaned up!) ]
We as a society have failed teaching our children the concept of “Buyer Beware”, instead opting for the nanny state to protect and coddle the widdle dawlings.
buyer beware is not the complete answer when we are subjected to outright false advertising
the agora, free market... has to be honest...we can then add buyer beware on that, an honest marketplace
imho.
this opinion is worth what you paid for it, ha!
but in a civilized society there is no call for crooked or misleading advertising, which when you think about it really undermine the entire premise or concept of
informed decisions in the marketplace
Hey! That sea choral worked great! No teeth left and a bit dicey coming out, but I feel good!
ha!
good 4 u!
the weight loss ads i mentioned are fake... there are no serious studies can find to support them
the transform-into-a-sex-monster ads... are pretty much false too (except for a couple small studies of aged men, NOT middle age or younger men)
so.... we need an honest marketplace, or the public will eventually replace it completely with something we all dislike
I despise the way companies are allowed to stretch the truth and outright lie about food content. Organic is not entirely organic, sugar free is not really sugar free, and so on. I’d like to see severe crackdowns/penalties/prison time over such behavior.
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