The former head of Herbalife Nutrition Ltd. ’s China subsidiary has been ordered to pay about $550,000 after he failed to respond to U.S. Securities and Exchange Commission allegations that he bribed Chinese officials.
Yanliang Li, also known as Jerry Li, was ordered by a Manhattan federal court judge to pay a civil penalty after defaulting in an SEC lawsuit against him, the agency announced on Monday.
Source: Former Herbalife China Executive Ordered to Pay Fine After Defaulting in SEC Case – WSJ
