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Thread: Herbalife going down? Billionaire Bill Ackman takes it on.

  1. #1
    JustTooMuchTime is offline Senior Scambuster
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    Herbalife going down? Billionaire Bill Ackman takes it on.

    From the SaltyDroid:


    "Bill Ackman :: semi-famous hedge fund manager and hero to troublemakers everywhere … gave a three-hour presentation entitled Who wants to be a Millionaire? which argued — scarily conclusively — that Herbalife is an obvious pyramid scheme with no real business model whose stock should be valued at zero."

    "Herbalife is fucked … ask me how!"

    The Great Pyramid {of Herbalife}
    Last edited by JustTooMuchTime; 12-28-2012 at 02:15 PM.

  2. #2
    Soapboxmom's Avatar
    Soapboxmom is offline Administrator
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    Re: Herbalife going down? Billionaire Bill Ackman takes it on.

    Awesome find! I love the Salty Droid!

    We have a nice little thread about that egregious scam here:

    http://www.realscam.com/f9/herbalife-1094/

  3. #3
    Soapboxmom's Avatar
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    Re: Herbalife going down? Billionaire Bill Ackman takes it on.

    Herbalife stock continues plunge - latimes.com

    ...The Los Angeles-based marketer of nutrition powders, bars and vitamins has seen its stock price plummet since New York hedge fund manager Bill Ackman last week called the company's business a pyramid scheme. Its shares have lost about 40% since Ackman lodged his allegations.....

    Ackman has said he will continue shorting, or betting against, Herbalife's stock until it reaches zero.
    Herbalife Ltd.
    NYSE: HLF - Dec 28 3:27pm ET
    29.52+1.22‎ (4.31%‎)


    As the 1 year chart shows, Herbalife is definitely headed off of the cliff!!!

  4. #4
    scratchycat's Avatar
    scratchycat is offline Elite Scambuster
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    Re: Herbalife going down? Billionaire Bill Ackman takes it on.

    Quote Originally Posted by Soapboxmom View Post
    Herbalife stock continues plunge - latimes.com



    Herbalife Ltd.
    NYSE: HLF - Dec 28 3:27pm ET
    29.52+1.22‎ (4.31%‎)


    As the 1 year chart shows, Herbalife is definitely headed off of the cliff!!!
    As it should. While their products are good, the sales pitch is bad and could get you into lots of trouble by pushing these products to customers who might have real medical problems. This I say from experience.
    Don't get ripped off!! Stay informed!

  5. #5
    littleroundman is offline Administrator
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    Re: Herbalife going down? Billionaire Bill Ackman takes it on.

    Quote Originally Posted by scratchycat View Post
    As it should. While their products are good, the sales pitch is bad and could get you into lots of trouble by pushing these products to customers who might have real medical problems. This I say from experience.
    Herbalife has many too years of experience using such words as "may" or "can help" and skirting the FDA regulations for them to be worried about such mundane matters as ethics and morals.

    FDA laws govern the supplements industry in the United States. As representatives of Herbalife or any nutritional supplement, we are legally bound to their rules. In short, the FDA rules state that only a drug can treat or cure a disease. We all know that sailors used to die from a disease called "skurvy". Only after adding limes to their voyage meals were they able to defeat this disease. Hence the term "Limey". So, we ask that you use your own judgement. We believe that we are what we eat and by putting the propper

    nutrition into our bodies, it can do amazing things.
    For more information on the FDA rules visit:

    http://www.fda.gov/bbs/topics/ANSWERS/ANS00994.html

    We don't claim to treat or cure disease. But, it only makes good sense that if you put the right foods into this amazing machine we call the human body, that it can do a better job at all levels of human functioning.

    Herbalife and Diabetes, Herbalife Diabetic, Herbalife blood sugar
    Herbalife and Diabetes "testimonial

    According to Herbalife, even people with such serious and life threatening conditions as type 1 diabetes are fair game for misleading and overhyped sales B/S.

    All for the sake of a dollar, Eh ??
    The only thing necessary for the triumph of evil is for good men to do nothing

  6. #6
    Fgold is offline Banned
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    Re: Herbalife going down? Billionaire Bill Ackman takes it on.

    Quote Originally Posted by scratchycat View Post
    As it should. While their products are good, the sales pitch is bad and could get you into lots of trouble by pushing these products to customers who might have real medical problems. This I say from experience.
    Their products might be considered as "good" in the past but now most of scientific stuff consider such type of products as "junk", useless and not suitable for some specific people. If you pay about 50% less you can buy higher quality products with certification because you wont be paying about 50% or more for this company pimps....

  7. #7
    Luzer is offline Senior Member
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    Re: Herbalife going down? Billionaire Bill Ackman takes it on.

    Quote Originally Posted by Fgold View Post
    Their products might be considered as "good" in the past but now most of scientific stuff consider such type of products as "junk", useless and not suitable for some specific people. If you pay about 50% less you can buy higher quality products with certification because you wont be paying about 50% or more for this company pimps....
    Unfortunately, the FTC did not go after Herbalife and the stock has recovered and Ackman is losing big right now.

  8. #8
    kschang is offline Senior Scambuster
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    Re: Herbalife going down? Billionaire Bill Ackman takes it on.

    FTC haven't gone after Herbalife, but if more Latino lawmakers petition and make noise, and if the republicans would get off their arse stop holding Affordable Care act hostage, FTC may actually have money to go after some real malfesance.
    ---
    A MLM Skeptic (not a Cynic) covering scams, critical thinking, and psychology
    http://amlmskeptic.blogspot.com

  9. #9
    Luzer is offline Senior Member
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    Re: Herbalife going down? Billionaire Bill Ackman takes it on.

    Quote Originally Posted by kschang View Post
    FTC haven't gone after Herbalife, but if more Latino lawmakers petition and make noise, and if the republicans would get off their arse stop holding Affordable Care act hostage, FTC may actually have money to go after some real malfesance.
    I would like to see the FTC close down Herbalife and then re-examine Amway.

  10. #10
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    Re: Herbalife going down? Billionaire Bill Ackman takes it on.

    Herbalife will have to face charges brought by a former distributor who claims the controversial peddler of protein shakes is a pyramid scheme, a judge ruled.

    Los Angeles federal Judge Beverly Reid O’Connell refused to toss out a suit filed by Dana Bostick, a failed Herbalife distributor in California who sued the company. The Oct. 11 ruling was made public on Tuesday.

    The case, which seeks class-action status, is the first to go to court since Herbalife came under attack from hedge-fund activist Bill Ackman, who claims Herbalife is a pyramid scheme that transfers wealth from the vast majority of those at the bottom to those at the top. He has a $1 billion short bet on the company.

    Herbalife says those at the bottom are merely people who signed up as distributors to get a discounted price on the product.

    In her ruling, O’Connell rejected Herbalife’s defense that distributors who use products for their own personal use should be counted as end customers.
    View this document on Scribd

    “Although defendants contend that distributors should be classified as ultimate users, downline distributors are not ultimate users,” she wrote.

    The issue is significant because the determination of whether Herbalife is a pyramid scheme rests largely on whether or not distributors make most of their income from recruiting or from sales to “ultimate users,” according to the Federal Trade Commission and court precedents.

    Because sales are not to ultimate users, “the considerable discounts and advantages offered to supervisors presents the same risk of a recruitment focus,” O’Connell wrote.

    An Herbalife spokeswoman downplayed the ruling, saying that the company “now has the opportunity to demonstrate that Herbalife has the policies in place, such as an aggressive repurchase program, no restocking fees, a satisfaction guarantee and policies that discourage inventory loading.”

    Judge refuses to toss Herbalife suit | New York Post
    "It's virtually impossible to violate rules ... but it's impossible for a violation to go undetected, certainly not for a considerable period of time." Bernie Madoff
    https://www.facebook.com/pages/Scam-...98399986981403

  11. #11
    NikSam is offline AntiCon Artist
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    Re: Herbalife going down? Billionaire Bill Ackman takes it on.

    I believe herbalife stock (HLF) is held primary by brainwashed distributors, no reaction to the news, looks like they trying to bankrupt Ackman,
    and that cult will fight till the end.

    If HLF valued at ~$7B , and for 10 years of trading they fabricated at least 40 financial reports (passing distributor's sales as retail), if proven in court,
    it will open HLF for more chargers and delisting. If stock does not move on such news, and when Ackman accused it is a pyramid it only went up,
    something else is going on here... Is Obama the top distributor ?

  12. #12
    kschang is offline Senior Scambuster
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    Re: Herbalife going down? Billionaire Bill Ackman takes it on.

    Pretty sure it's one of those "rising tide floats all boats" situation.
    ---
    A MLM Skeptic (not a Cynic) covering scams, critical thinking, and psychology
    http://amlmskeptic.blogspot.com

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