Bill Ackman

Hedge fund manager Bill Ackman has called Herbalife a pyramid scheme in which most independent distributors lose money, while a lucky few who got in early get rich by getting commissions from others they brought into the business. He's bet $1 billion that Herbalife shares will fall. The company denies the allegations, saying many of its distributors sign up only to get a discount for personal consumption.
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( Scott Eells / Bloomberg / December 20, 2012 )

Hedge fund manager Bill Ackman has called Herbalife a pyramid scheme in which most independent distributors lose money, while a lucky few who got in early get rich by getting commissions from others they brought into the business. He's bet $1 billion that Herbalife shares will fall. The company denies the allegations, saying many of its distributors sign up only to get a discount for personal consumption.

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