Tag archive for ‘pyramid scheme’
Vered Weiss On Monday, January 19th, 2015

Morgan Stanley Cuts Estimates for Herbalife By 30%, Bill Ackman Is Rejoicing

Bill Ackman is probably rejoicing or feeling his prophecy is going to be fulfilled as Barclay’s analyst Meredith Adler slashed earnings projections for the health shake maker by 30 percent. Activist investor More...

Lilach Weissman On Monday, January 12th, 2015

Herbalife Strikes Back Against Ackman

Bill Ackman has been on an Ahab-like quest to harpoon the White Whale that is Herbalife, but Herbalife is striking back with a lawsuit against the activist investor, and claims he is guilty of stock manipulation, More...

Eli Horn On Friday, January 9th, 2015

Herbalife Stock Rebounds as Company Dismisses Bill Ackman’s Latest Criticism

Global nutrition company Herbalife issued an official response to comments made the previous day by activist investor Bill Ackman regarding its business model, claiming they came as no surprise and were only More...

Eli Horn On Thursday, January 8th, 2015

Bill Ackman Compares Herbalife to Bernie Madoff, Stock Takes Hit

Activist investor Bill Ackman renewed his attack on Herbalife during a CNBC interview Wednesday, likening the nutrition and weight management company to convicted fraudster Bernie Madoff. “Herbalife, we’re More...

Vered Weiss On Wednesday, January 7th, 2015

Herbalife Bull Paul Sohn Leaves Soros Management

The portfolio manager behind George Soros’ controversial bet on Herbalife, Paul Sohn, left Soros Capital Management, but a spokesperson told CNBC that “Paul Sohn’s departure is unrelated More...

Eli Horn On Friday, December 19th, 2014

Hedge Fund Titan Bill Ackman Predicts Herbalife Implosion Next Year

Pershing Square Capital Management CEO Bill Ackman appeared on Bloomberg Television on December 17 to discuss a new Herbalife video he’s obtained to back up his allegations that the nutrition and weight loss More...

Vered Weiss On Tuesday, November 4th, 2014

Herbalife Settles, Bill Ackman Is Smiling

  Herbalife settled a lawsuit with a former California distributor who claimed that the company was a pyramid scheme that did not let him make a profit, according to Bloomberg. The Federal Trade Commission, More...

Vered Weiss On Monday, October 13th, 2014

Herbalife Bans Distributor Websites

In an effort to make the company less vulnerable to charges made by Bill Ackman of Pershing Square that it is nothing more than a pyramid scheme, Herbalife is banning distributors’ websites starting More...

Noam Meir On Thursday, July 31st, 2014

Sam Zell Looking to Dump Entire $280 Million Australian Portfolio

– Sam Zell’s CommonWealth REIT has announced that it intends to divest itself of its entire Australian portfolio, worth an estimated $280 million. This according to a report in Australia’s Business More...

Vered Weiss On Tuesday, July 29th, 2014

Bill Ackman’s ‘Death Blow’ to Herbalife Distinctly Harmless

– Herbalife is famously fraught with conflict which is as much about personalities as it is about money. Hedge fund manager Bill Ackman is like a Captain Ahab to the Great White Whale that is Herbalife, More...

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