In November 2019, the DOJ announced that Yanliang Li (a citizen of China and former Managing Director of a Chinese division of Herbalife) and Hongwei Yang (a citizen of China and former head the External Affairs Department of a Chinese division of Herbalife) were criminally charged “for their roles in a scheme to violate the anti-bribery and the internal controls provisions of the FCPA.” Li was charged with one count of conspiring to violate the FCPA, one count of perjury and one count of destruction of records in a federal investigation. Yang was charged with conspiracy to violate the FCPA.
In addition, the SEC charged Li with violating the FCPA’s anti-bribery provisions and aiding and abetting books and records and internal controls violations.
Recently, Judge J. Paul Oetken (S.D.N.Y.) granted the SEC’s motion for a $550,092 default judgment against Li.