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Keyword: herbalife

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  • Enough is Enough, Bill Ackman

    07/15/2017 10:43:55 AM PDT · by Kaslin · 8 replies ^ | July 15, 2017 | Brian McNicoll
    Bill Ackman has spent the last five years trying to drive the supplement company Herbalife out of business.He took a $1 billion short position in the company in December 2012, after which its stock dropped 10 percent in six seconds, which led to a temporary trading halt.He informed investors at a 3 ˝-hour slide show presentation in Manhattan that same month in which he plodded through a 342-slide presentation that characterized the company not as a multilevel firm that marketing energy and diet drinks, vitamins and skin products but as “the best-managed pyramid scheme in the history of the world.”He...
  • Herbalife under FBI investigation; shares tumble

    04/12/2014 4:51:28 PM PDT · by Olog-hai · 33 replies
    Los Angeles Times ^ | April 11, 2014, 3:15 p.m. | Walter Hamilton and Richard Serrano
    Shares of Herbalife Ltd. suffered their biggest loss in more than a year Friday following a report that criminal authorities are investigating the Los Angeles nutritional products company. The FBI has launched a criminal investigation of Herbalife and its web of independent distributors, a federal law enforcement source told The Times. A federal law enforcement official in New York confirmed Friday that the FBI had opened an inquiry into Herbalife but did not know first-hand the extent of the investigation. “I can’t give any guidance on where it’s headed,” the official said. …
  • Is this George Soros and Carl Icahn-backed firm running a "pyramid scheme"?

    03/13/2014 1:59:34 PM PDT · by mgist · 12 replies
    London loves business ^ | 3/13/14 | Sophie Hobson
    Is this George Soros and Carl Icahn-backed firm running a "pyramid scheme"? 13 March 2014 | By Sophie Hobson George Soros and Carl Icahn both hold stakes in it, but controversial US firm Herbalife has come under consistent fire from rival investor William Ackman over its allegedly dubious operations. Now it’s being investigated by the US Federal Trade Commission (FTC) over claims it might be running a “pyramid scheme”. The key accusation against Herbalife, which makes weight loss and nutritional supplements and is listed on the New York Stock Exchange, is that it makes most of its money from signing...
  • Herbalife Hires Antonio Villaraigosa, Preps For Battle With Latino Lawmakers Over Pyramid Scheme

    09/08/2013 3:05:17 PM PDT · by nickcarraway · 23 replies
    LA Weekly ^ | Fri., Sep. 6 2013 | Gene Maddaus
    In his retirement, former L.A. Mayor Antonio Villaraigosa has decided to enter the exciting world of multi-level marketing, taking on a new role as adviser to Herbalife, the Amway of nutritional supplements. The move comes as Herbalife hires lobbyists and gears up for a battle on Capitol Hill over its business model. Congresswoman Linda Sanchez has asked the Federal Trade Commission to investigate whether the company is actually operating as a pyramid scheme. villaraigosaherbalife2.jpg Wikipedia Another silly photoshop image Herbalife looks to be signing up Democrats who might have some sway with the Obama administration. Today, the New York Post...
  • Go Bold: Top Five IBD 100 Stocks In Sound Base Patterns

    09/28/2010 11:23:39 AM PDT · by Slyscribe · 1 replies
    IBD's Capital Hill ^ | 9/27/2010 | Ed Carson
    The IBD 100 lists the very best companies in terms of fundamentals and technicals. But after a rally is under way for several weeks, many leading stocks can become extended. IBD helps investors find stocks with quality base patterns that merit further study by putting their charts in a bold border. Here are the top five. 13. VMWare (VMW) The virtualization software maker helps companies dramatically improve the productivity of their servers. Revenue growth has accelerated from 0% to 48% over the last four quarters. Earnings per share surged 70% in the latest quarter, the best in 10 quarters.
  • CA: Dead executive's estate sues Hollywood private eye over wiretaps (Herbalife/Anthony Pellicano)

    02/03/2007 8:54:30 AM PST · by NormsRevenge · 3 replies · 405+ views
    Former Hollywood private eye Anthony Pellicano, who is awaiting a federal trial on wiretapping and racketeering charges, has been sued by executors for the estate of the late Herbalife International founder Mark Hughes. The federal lawsuit claims that Pellicano wiretapped the executive on behalf of his former wife, Suzan Hughes, while the couple was going through a divorce. The complaint alleges that Suzan Hughes used information from Pellicano's alleged wiretaps to negotiate a "highly advantageous" divorce settlement in march 1998. Hughes, who built Herbalife into a billion-dollar nutritional supplement business, died in 2000 from a drug and alcohol overdose. Besides...
  • Information about Herbalife - {Vanity - Apologies offered}

    07/07/2005 4:39:44 PM PDT · by MikefromOhio · 20 replies · 770+ views
    me | today | me
    Sorry for the vanity here, but I am going to the best source for information that I can find.... My wife has received information for a company called Herbalife. It seems that by selling this stuff, she could make money. Do any of my fellow FReepers have any opinions of this company, what they sell, and how their process works?
  • Herbalife Halts Sale of Product in Israel

    02/13/2005 8:58:23 AM PST · by Nachum · 2 replies · 795+ views ^ | Sunday February 13, 11:04 AM EST | Reuters
    JERUSALEM (Reuters) - Herbalife Ltd. (HLF) said on Sunday it had halted sales of one of its products in Israel amid an investigation by Israel's Health Ministry over complaints from customers that it caused liver problems. Yona Fichman, general manager of Herbalife Israel, said the company was cooperating with the ministry even though there had yet to be a link between the product and what he called abnormal liver test results. A health ministry spokeswoman said eight people reported liver problems over a year and a half, five of whom had consumed Herbalife's Sesame Herb product. She noted that there...