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Share price drops 38% in trading.
January 16, 2014
By: TOM BRANNA
Editor
After authorities in China said they would look into accusations that Nu Skin Enterprises operates a pyramid scheme in the country, shares of Nu Skin were halted four times today. At press time, shares were down 30%. The People's Daily, the Communist Party mouthpiece, said on Wednesday that NU Skin had been exaggerating its influence and creditworthiness in company brochures by passing advertisements for news reports, and organising “brainwashing” gatherings. In a statement, Nu...
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