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Nutrition for Life distributor, stock purchaser suit alleges an illegal pyramid scheme.

This article was originally published in The Tan Sheet

Executive Summary

NUTRITION FOR LIFE DISTRIBUTOR, STOCK PURCHASER FILE SUIT against the multi-level marketing company, claiming that it operated an illegal pyramid scheme, failed to disclose the criminal convictions of a key employee, and issued misstatements about its performance and prospects that caused stock prices to rise artificially . Plaintiffs Victoria des Versailles and Jean Fandoux filed the complaint, which seeks class-action status, in U.S. District Court in Houston on Aug. 19.
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