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

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

The Most Successful Reality TV Stars

Cheapest Cities to Visit in the US

Most Expensive Summer Camps

Most Expensive Animals in the World

Most Expensive Specialty Crops in the World

Movies That Took Ages to Make

The Longest Hollywood Films Ever Made

Most Expensive Concert Stages

The Richest Bands of all Time

10 Most Corrupt Countries 2013 List

10 Countries with the Highest Quality of Life Index

Most Expensive Mattresses in the World

5 Smallest Countries by Land Area

The Ultimate Heartbreak Songs

Richest Teenagers in the World

10 Most Haunted Places in America

10 Best Places to Retire in Florida East Coast

Top 10 Places to See Before You Die

Top 8 Countries in the World Where Justice Prevails

10 Richest States in America

15 Wealthiest Countries in the World

Richest Singers in the World

Most Expensive Tasting Menu in New York City

Most Expensive Baby Items in the World

Most Expensive Hotel Suites in Vegas

Most Expensive Brunch in New York City

Most Expensive Beef Cuts in the World

25 Best Colleges to Get a Job

Top 10 US Supermarkets

The 25 Most Dangerous Cities in the World to Visit

Most Expensive Xbox Games

Top 11 Cities Where Billionaires Live

Top 10 Most Charitable Companies in America

Most Expensive Seafood in the World

The 10 Wildest Conspiracy Theories

The 10 Best Job Markets in the US

Top 10 Accounting Scandals of All Time

The 25 Biggest Cities in the World

Top 10 Best Paying Virtual Jobs

Most Expensive Leather Shoes in the World

Top 6 Things to Buy in March

The 10 Most Stressful Jobs in America – 2014 List

Top 10 Jobs for Introverted People

Top 10 Honeymoon Destinations in the World

Top 10 Highest Paying Jobs in the World

Most Expensive Day-Care in New York City

The 10 Cheapest Places to Retire Abroad

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!