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.
