Pyramid Scheme

In late December 2012, hedge fund manager, Bill Ackman gave a 342 slide presentation explaining why he thought MLM company, Herbalife (NYSE: HLF), was an illegal pyramid scheme and why he had taken at least a 20 million share short position. Despite losing as much as $500 million over the past...

Investors appeared to be nervous going in to yesterday's close, a sentiment which continued at today's open. With little encouraging data coming out of the holiday shopping figures, investors and traders nervously await Friday's Labor Department November jobgs report which could help determine...

Activist investor Bill Ackman believes Herbalife (NYSE: HLF) is a pyramid scheme. He has said so and backed it up with a $1 billion short position. Some Hispanic organizations agree with Ackman’s assessment and have urged state attorney generals to take action against the company. Brent Wilkes...

Despite having lost millions thanks to his short position in Herbalife (NYSE: HLF), activist investor, Bill Ackman is holding firm. In fact, Ackman told MBA students at Oxford’s Saïd Business School last week that the company would eventually close. In a wide-ranging talk, now posted on...

“While it is difficult to predict the impact of the public disclosure of product quality issues on Herbalife (NYSE: HLF), pyramid schemes are inherently confidence games,” wrote Bill Ackman in a letter to Pershing Square investors. One of Ackman’s biggest announcements came at the end of his...