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FTC Settles with Herbalife
- ccvannorman 10y agoSo, Herbalife IS a pyramid scheme according to the FTC's own definition, but they WON'T call it such, and will extract $200M from Herbalife and allow it to continue. This is the worst possible result for anyone who is not the FTC or Herbalife.
- rahimnathwani 10y agoThe settlement included a bunch of changes to Herbalife's business practices in the US. This sounds like it will be good for potential victims in the US, but won't help potential victims outside the US.
- exhilaration 10y agoSo does this mean Bill Ackman has failed? Referring to his short selling strategy: https://news.ycombinator.com/item?id=11095715 https://news.ycombinator.com/item?id=11095715