Interesting Bloomberg article (Retiree With Sixth-Grade Education Says Herbalife Shakes Cost Him $30,000) below is the video commentary.
We’ve heard time and time again claims from Bill Ackman that Herbalife Ltd. (NYSE:HLF) is a pyramid scheme, while the company and Carl Ichan say those claims are without merit. In March, the FTC opened an investigation and the Illinois Attorney General has been looking into complaints filed by a group of 13 Latinos who claim they were duped out of their life’s savings and Herbalife is to blame. Bloomberg has been looking into those claims to get a sense of what investigators have cut out for them.
Last year was a bumper year for hedge fund launches. According to a Hedge Fund Research report released towards the end of March, 614 new funds hit the market in 2021. That was the highest number of launches since 2017, when a record 735 new hedge funds were rolled out to investors. What’s interesting about Read More
Is Bill Ackman Right? Following the Herbalife Claims