Why Herbalife Ltd. (HLF) Will Collapse: Bill Ackman

Herbalife Ltd. (NYSE:HLF)’s stock was  down by 11% on Monday after hedge fund manager, Bill Ackman, made claims that the company was a pure scam engaged in illegal activities and that it was only a matter of  time before the company collapses. Pershing Square’s manager Bill Ackman told CNBC explained why Herbalife was a large fraud in terms of scale, involving a number of countries.

Herbalife Ltd. (NYSE:HLF)

“You are going to learn why Herbalife is going to collapse. And that is a pretty strong statement, but this is the largest fraud, public fraud in terms of scale, of countries involved, harm to people, but we are going to show you with particularity,” said Bill Ackman.

Ackman is looking forward to revealing the wrongs about the nutrition club that Herbalife Ltd. (NYSE:HLF) normally runs claiming that what the company says about the clubs is not what actually goes down there.

The talk will be held at the AXA Equitable center Manhattan, where Ackman has said they will present hundreds of hours of recorded video and audio as well as internal documents handed over by concerned employees at Herbalife Ltd. (NYSE:HLF). Ackman has already rubbished reports that the last time they held a live report about Herbalife on December 20, 2012, they did not invite Herbalife management team to defend itself; this time around, all the management team at Herbalife has been invited for the live event.

“The last time we did a live presentation in person was on December 20 of 2012, and Michael Johnson said that we would not allow him to come to the presentation that is false. I want to make it clear that Michael Johnson and his senior management team is welcome to come to the presentation,” said Mr. Ackman.

Ackman has already reiterated that they will go as far as allowing Herbalife to answer any questions during the presentation. The billionaire has already alleged that this will be the largest presentation he has made in his career awaiting to see the impact it will have on Herbalife Ltd. (NYSE:HLF).

Herbalife Ltd. (NYSE:HLF) has also come out fighting claiming that Ackman is the worst of Wall Street with the latter maintaining he has not paid anyone to spread bad information about Herbalife.

Disclosure: none

Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

On the Move: The 10 Fastest Growing Businesses in 2015

Fast Money: The 10 Highest Paying Fast Food Restaurants

Mixing It Up: The 14 Best Music Mashups of 2014

Rito Pls Buff: The 10 Least Played Champions in LoL Season 4

10 Covers of Popular Songs that are Better than the Originals

Must See TV: The 9 Most Anticipated Shows of 2015

The 15 Biggest Box Office Bombs of All Time

10 Things The World Can’t Stand About Americans

Picture Perfect: The 6 Smartphones with the Best Cameras

The 10 Best Countries To Work In the World

A Profitable Day At The Track: 5 Tips For Betting On Horses

Tearing You Apart: 6 Bad Habits That Ruin Relationships

Learning on the Job: The 6 Biggest Mistakes Parents Make

Shopaholics Rejoice: The 12 Biggest Malls in the World

Fright Night: 10 Horror Movies Based on True Stories

Mach Mania: The 10 Fastest Jets in the World

Military Heavyweights: The 10 Countries with the Most Tanks

All In: The 7 Richest Poker Players in the World

Abracadabra: The 10 Best Magicians in the World

The 10 Richest Asian Countries in the World in 2014

Eyes in the Sky: 10 Things You Need to Know About Drones

Rising Stars: The 6 Best Silicon Valley Startups

Military Muscle: The 5 Most Advanced Armies in South America

All that Glitters: The 7 Most Luxurious Jewelry Brands in the World

5 Things You Didn’t Know About ISIS but Should

Empowering Your Money: The 5 Best Energy Stocks to Invest In

The 11 Best Android Apps You Can’t Get on iOS

The 10 Most Important International Conflicts in 2014

Mood Enhancers: The 20 Most Uplifting Songs of all Time

Lover Beware: The 8 Countries that Cheat the Most

Breath of Fresh Air: The 25 Countries with the Best Air Quality on the Planet

Singles Beware: The 8 Worst Mistakes Made on First Dates

Healthy and Happy: The 10 Countries with Lowest Healthcare Costs

The 6 Best Company Team Building Activities to Build Workplace Camaraderie

Ships Ahoy: The 10 Busiest Shipping Ports in the World

10 Productivity Tips to Save You Time and Help You Do More With Less

Grab a Bite: The Most Popular Fast Food Restaurants in America

Friday Night Thirst: The 10 Most Popular Cocktails in the World

The 6 Greatest Unsolved Mysteries We May Never Figure Out

7 Useless Products You Never Should’ve Bought

The 5 Reasons Why You’re Single and Miserable

The 7 Most Addictive Foods in the World We Can’t Stop Eating (Even Though We Should)

5 Amazing Places You Can Swim with Dolphins

The Top 7 Most Livable Countries In The World

The 10 Most Expensive Baseball Cards Ever Pulled From A Pack

The 5 Easiest Second Languages to Learn for English Speakers

Silver Spoon: The 6 Richest Families in the World

The 20 Countries with the Largest Prison Populations in the World

The Top 10 Richest Actors in the World

The 10 Best Airline Stocks to Invest In Before They Fly Too High

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!