"Let's be honest with each other, here," Herbalife CEO Michael Johnson told CNBC Thursday. "He's going to donate all of his profits to charity? He's got participants in that(hedge) fund...Who knows where it's really going?"
Two of the richest and most prominent hedge fund managers in Manhattan are locked in a battle over nutritional supplement provider Herbalife. The New York Times reports.
SEC's Director of Enforcement, Robert Khuzami responds to rumor of Herbalife inquiry.
Des Walsh, Herbalife president, responds to claims made by activist investor Bill Ackman that the company is a "pyramid scheme."
Multi-level marketers were a key target of the FTC's Business Opportunity Rule when it was originally proposed. But it turns out the new rule doesn't cover MLMs.
Multi-level marketing critic Robert Fitzpatrick talks about pyramid schemes and the MLM industry.
Industry critic Robert Fitzpatrick calls multi-level marketing "the Main Street bubble" that will eventually burst.
MLM attorney Kevin Thompson says there's currently no law in the U.S. that clearly delineates good companies from bad.
Hedge Fund guru Bill Ackman strongly defended his characterization of Herbalife,as a "pyramid scheme" on Thursday, telling CNBC that the nutrition company was luring "millions of low income people around the world" into a system he called fraudulent.