Why A Hedge Fund Guru Calls This Weight Loss Company a Pyramid Scheme
Herbalife is a multi-level marketing company that sells weight loss products and nutritional supplements. On the surface, there’s nothing illegal about that. But one prominent investor, hedge fund guru Bill Ackman, is convinced that Herbalife is a scam. According to Ackman, who runs an $11 billion hedge fund called Pershing Square, Herbalife is actually a “pyramid scheme.” …
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