Articles Posted in Herbalife

Herbalife Attacked as Fraud
Samuels Yoelin Kantor LLP

(December 20) Hedge fund manager William Ackman today launched a detailed attack on the network marketing nutrition company Herbalife, characterizing it as a fraudulent pyramid scheme. During his presentation at the annual Sohn Conference, Ackman cited a 2002 FTC decision (“the organization is deemed a pyramid scheme if the participants obtain their monetary benefits primarily…

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