Herbalife was fined $200 million by the FTC a few years ago. Bill Ackman declared: 'Herbalife has actually been shut down by the FTC, they just haven't realize

Herbalife was fined $200 million by the FTC a few years ago. Bill Ackman declared: 'Herbalife has actually been shut down by the FTC, they just haven't realized it yet' But Herbalife management, and Carl Icahn, said that the FTC had determined it was not a pyramid scheme despite the $200M fine. The chair of the FTC denied that they determined it was not a pyramid scheme - but at the same time, they carefully didn't say it was. I'm just saying you can't really treat the FTC as the ultimate authority, because even they don't know.