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

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

6 Ways to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

The 10 Most Controversial Songs Of All Time to Hit (and get Banned from) the Airwaves

The 20 Biggest IPOs in US History

The 10 Best Places to Visit in Mexico that Are Beautiful and Safe

7 Bad Habits that Age You Beyond Your Years

The 40 Best Fortune Cookie Sayings That Will Leave You Bemused, Befuddled, or Beguiled

10 Foods to Eat Before a Workout to Make Every Drop of Sweat Count

The 5 Best Documentaries On Netflix You Must See

The Most Heartwarming and Inspirational Story Of This Halloween Season, It Will Make You Cry and Jump For Joy

10 Best Party Songs of All Time to Bring the House Down With

5 New World Order Conspiracy Theories that Will Strangle the World

The 10 Highest Rated Movies of 2014

The 10 Largest Container Shipping Companies in the World

The 10 Largest Armies in the World: Who Should We Be Afraid Of?

Best Warren Buffett Quotes on Money You Need to Hear

The 10 Highest Suicide Rates by Profession

The 20 Most Underrated Movies of All Time

The 10 Fastest Growing Companies in America

The 10 Biggest Outlet Malls in USA

The 5 Most Popular Rap Songs of All Time

The 10 Countries that Eat the Most Meat

The10 Most Expensive Countries to Fly To

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!