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  1. #1
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    Are The Herbalife Rats Scurrying?

    http://americasmarkets.usatoday.com/...sts-herbalife/

    Senior management of nutritional drink company Herbalife have “hired or are looking to hire their own criminal defense counsel,” hedge fund billionaire Bill Ackman declared at a conference in New York on Monday.
    Herbalife has faced investigation by the Federal Trade Commission, the Securities and Exchange Commission and the Department of Justice.

    Speaking at the 2015 Active-Passive Investor Summit hosted by research firm 13D Monitor, Ackman said senionor management’s shopping for criminal lawyers suggests those probes are gaining traction.

    “The fact that management is hiring its own defense counsel, we think is a very significant,” Ackman said at the 2015 Active-Passive Investor Summit hosted by research firm 13D Monitor.

    “It means people are at risk of going to jail.”

    But people tied to Ackman’s Pershing Square have also faced probes by federal prosecutors and the Federal Bureau of Investigations, FBI, over concerns about market manipulation of Herbalife stock.

    Ackman recently said on television that he has not been contracted as part of the FBI probe into manipulation, but confirmed that people linked to Global Strategy Group, a consultancy firm he hired, have received subpoenas.

    Ackman, who has been short Herbalife for close to three years, attributed the information about senior management shopping for criminal defense counsel to “a source that we deem reliable.”

    “I know it to be true,” Ackman added, saying he is “not at liberty to disclose my source.”

    Ackman shorted Herbalife in 2012, calling it a pyramid scheme. But his ability to prove his investment and make money on the short has proved elusive three years later.

    Herbalife has fought back hard and adamantly denied that it is a pyramid scheme. The company also succeeded in winning support from other high-profile hedge fund managers like Carl Icahn, who has seats on Herbalife’s board.

    Ackman shorted the stock around $47 a share in 2012. He needs the shares to fall to the mid-30s or lower to make money given the amount of money he’s plowed into backing his short thesis.

    On Monday, the stock closed down 2.2% to $42.84 a share.
    Originally Posted by nomaxim
    Sorry there ''ohein56', but it appears that 'Joecool44' does not have the position that you envision on this topic.

    'Joecool44' has, as a matter of routine, refuted most of your accusations
    Quote Originally Posted by Jax74 View Post
    Some people have the ability to think critically, some do not. ohein obviously doesn't.

  2. #2
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    Re: Are The Herbalife Rats Scurrying?

    I would say the only people likely to go to jail are Ackman and his cohorts for stock manipulation.

  3. #3
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    Re: Are The Herbalife Rats Scurrying?

    Quote Originally Posted by ChrisDoyle View Post
    I would say the only people likely to go to jail are Ackman and his cohorts for stock manipulation.
    Same could be said of Icahn.
    Originally Posted by nomaxim
    Sorry there ''ohein56', but it appears that 'Joecool44' does not have the position that you envision on this topic.

    'Joecool44' has, as a matter of routine, refuted most of your accusations
    Quote Originally Posted by Jax74 View Post
    Some people have the ability to think critically, some do not. ohein obviously doesn't.

  4. #4
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    Re: Are The Herbalife Rats Scurrying?

    Quote Originally Posted by ChrisDoyle View Post
    I would say the only people likely to go to jail are Ackman and his cohorts for stock manipulation.
    There's nothing illegal about shorting a stock.

  5. #5
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    Re: Are The Herbalife Rats Scurrying?

    http://www.fool.com/investing/genera...pell-doom.aspx

    Hedge fund manager Bill Ackman continues to battle with Herbalife (NYSE: HLF). At a conference on Monday, the activist investor said that top executives at the multi-level marketer are looking to hire criminal defense attorneys. If true, it would be a major development for the company, and for Ackman's campaign, lending significant legitimacy to his long-held belief that government regulators could ultimately intervene to shut down Herbalife.

    Ackman's allegations
    According to Reuters, Ackman, speaking at the 13D Monitor Active Passive Investor Summit, said that Herbalife executives "have been or are looking to hire criminal defense council." .

    Ackman has made many allegations against the company and its management, but this could be one of the most significant. If Herbalife's executives are, as Ackman claims, lawyering up, it suggests they fear criminal prosecution.

    U.S. law allows the operation of legitimate multi-level marketing companies, but pyramid schemes are illegal -- and operating them is a criminal offense. Since December 2012, Ackman has vigorously argued that Herbalife is a pyramid scheme. If Ackman is right, and the government agrees with his claims, it's possible Herbalife's executive team and many of its top distributors would face criminal charges.

    The Federal Trade Commission and several state attorneys general are investigating the company. Various reports have indicated that the FBI is also looking into Herbalife's practices, though management maintains it has no knowledge of any FBI investigation.

    If the FBI is looking to bring criminal charges against Herbalife's management, it could be in conjunction with an FTC injunction. The FTC is the primary regulator of pyramid schemes, and it has used its injunctive power alongside other regulatory agencies to seize the assets of companies suspected of operating pyramid schemes in the past, including, most recently, Fortune Hi-Tech Marketing.

    Even if they accept a plea bargain, or are ultimately exonerated, such charges would likely spell doom for Herbalife shareholders, as both investor and distributor confidence would be ripped to shreds overnight. A headline declaring "Herbalife Executive Arrested on Charges of Operating an Illegal Pyramid Scheme" would be met with -- to put it mildly -- significant selling pressure.
    Originally Posted by nomaxim
    Sorry there ''ohein56', but it appears that 'Joecool44' does not have the position that you envision on this topic.

    'Joecool44' has, as a matter of routine, refuted most of your accusations
    Quote Originally Posted by Jax74 View Post
    Some people have the ability to think critically, some do not. ohein obviously doesn't.

  6. #6

    Re: Are The Herbalife Rats Scurrying?

    < yawn >

    New to scam.com? This is what you can expect from MLM critics in support of their claims ....


    Why the f-u-c-k do you need evidence all the time? - Zapticon
    You know that I don't provide proof of my claims - Once Upon A Time
    I have the information but I'm not posting it - Joecool


  7. #7
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    Re: Are The Herbalife Rats Scurrying?

    Quote Originally Posted by IBOFightBack View Post
    < yawn >
    There's so much dirt on Herbalife that you now find it boring?
    Originally Posted by nomaxim
    Sorry there ''ohein56', but it appears that 'Joecool44' does not have the position that you envision on this topic.

    'Joecool44' has, as a matter of routine, refuted most of your accusations
    Quote Originally Posted by Jax74 View Post
    Some people have the ability to think critically, some do not. ohein obviously doesn't.

  8. #8

    Re: Are The Herbalife Rats Scurrying?

    Quote Originally Posted by Joecool44 View Post
    There's so much dirt on Herbalife that you now find it boring?
    Ackman may have shovel fulls of the stuff, but it's not dirt.

    But yeah, it's getting boring.

    New to scam.com? This is what you can expect from MLM critics in support of their claims ....


    Why the f-u-c-k do you need evidence all the time? - Zapticon
    You know that I don't provide proof of my claims - Once Upon A Time
    I have the information but I'm not posting it - Joecool


  9. #9
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    Re: Are The Herbalife Rats Scurrying?

    Quote Originally Posted by IBOFightBack View Post
    Ackman may have shovel fulls of the stuff, but it's not dirt.

    But yeah, it's getting boring.
    On the contrary, if Ackman is right about this issue, things might be getting interesting.
    Originally Posted by nomaxim
    Sorry there ''ohein56', but it appears that 'Joecool44' does not have the position that you envision on this topic.

    'Joecool44' has, as a matter of routine, refuted most of your accusations
    Quote Originally Posted by Jax74 View Post
    Some people have the ability to think critically, some do not. ohein obviously doesn't.

  10. #10

    Re: Are The Herbalife Rats Scurrying?

    Quote Originally Posted by Joecool44 View Post
    On the contrary, if Ackman is right about this issue, things might be getting interesting.
    you and the shorts have been saying much the same thing for .... oh .... nearly 2.5 years?

    booorrrinnngggggggg.........................

    New to scam.com? This is what you can expect from MLM critics in support of their claims ....


    Why the f-u-c-k do you need evidence all the time? - Zapticon
    You know that I don't provide proof of my claims - Once Upon A Time
    I have the information but I'm not posting it - Joecool


  11. #11
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    Re: Are The Herbalife Rats Scurrying?

    Quote Originally Posted by IBOFightBack View Post
    you and the shorts have been saying much the same thing for .... oh .... nearly 2.5 years?
    Well, you don't have to make any comments if it bores you.
    Originally Posted by nomaxim
    Sorry there ''ohein56', but it appears that 'Joecool44' does not have the position that you envision on this topic.

    'Joecool44' has, as a matter of routine, refuted most of your accusations
    Quote Originally Posted by Jax74 View Post
    Some people have the ability to think critically, some do not. ohein obviously doesn't.

  12. #12

    Re: Are The Herbalife Rats Scurrying?

    Quote Originally Posted by Joecool44 View Post
    Well, you don't have to make any comments if it bores you.
    showing you for the fool you are doesn't bore me.

    New to scam.com? This is what you can expect from MLM critics in support of their claims ....


    Why the f-u-c-k do you need evidence all the time? - Zapticon
    You know that I don't provide proof of my claims - Once Upon A Time
    I have the information but I'm not posting it - Joecool


  13. #13
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    Re: Are The Herbalife Rats Scurrying?

    Quote Originally Posted by IBOFightBack View Post
    showing you for the fool you are doesn't bore me.
    And allowing you to make a fool out of yourself (as usual) is entertainment for me.
    Originally Posted by nomaxim
    Sorry there ''ohein56', but it appears that 'Joecool44' does not have the position that you envision on this topic.

    'Joecool44' has, as a matter of routine, refuted most of your accusations
    Quote Originally Posted by Jax74 View Post
    Some people have the ability to think critically, some do not. ohein obviously doesn't.

  14. #14

    Re: Are The Herbalife Rats Scurrying?

    Quote Originally Posted by Joecool44 View Post
    And allowing you to make a fool out of yourself (as usual) is entertainment for me.
    surprising to learn you have such patience. Is that your only virtue?:sun_smiley:

    New to scam.com? This is what you can expect from MLM critics in support of their claims ....


    Why the f-u-c-k do you need evidence all the time? - Zapticon
    You know that I don't provide proof of my claims - Once Upon A Time
    I have the information but I'm not posting it - Joecool


  15. #15
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    Re: Are The Herbalife Rats Scurrying?

    Quote Originally Posted by IBOFightBack View Post
    surprising to learn you have such patience. Is that your only virtue?:sun_smiley:
    Memory is a virtue too. I remember a lot of your tricks and lies.
    Originally Posted by nomaxim
    Sorry there ''ohein56', but it appears that 'Joecool44' does not have the position that you envision on this topic.

    'Joecool44' has, as a matter of routine, refuted most of your accusations
    Quote Originally Posted by Jax74 View Post
    Some people have the ability to think critically, some do not. ohein obviously doesn't.

  16. #16

    Re: Are The Herbalife Rats Scurrying?

    Quote Originally Posted by Joecool44 View Post
    Memory is a virtue too. I remember a lot of your tricks and lies.
    Apparently you've the word "memory" mixed up with something else

    New to scam.com? This is what you can expect from MLM critics in support of their claims ....


    Why the f-u-c-k do you need evidence all the time? - Zapticon
    You know that I don't provide proof of my claims - Once Upon A Time
    I have the information but I'm not posting it - Joecool


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