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Browse: Home / 2022 / July / 14 / Former Herbalife China Executive Ordered to Pay Fine After Defaulting in SEC Case – WSJ

Former Herbalife China Executive Ordered to Pay Fine After Defaulting in SEC Case – WSJ

By Securities Docket on July 14, 2022, 7:56 am

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

Posted in SEC, Top, Uncategorized | Tagged Default Judgment

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