Ackman's Pershing Square Releases Another Video on Herbalife (HLF)

Bill Ackman's Pershing Square Capital Management, L.P. (“Pershing Square”) released the 13^th in a series of videos showing that Herbalife (NYSE: HLF) continues to make false and misleading claims about its fraudulent business opportunity to entice new recruits into its pyramid scheme. The videos are available at www.FactsAboutHerbalife.com.

Today’s video features Herbalife Millionaire Team member Leila Jelloule speaking at a training event that was posted to YouTube in 2015. Ms. Jelloule claims:

“Within two years, I started making over $10,000 a month … from today, what if in 2017, or earlier, you were making $10,000 a month? … If I could tell you, this is the path. In two years or less, you can make over $10,000 a month.”

Speaking onstage at a 2015 Herbalife event, Ms. Jelloule explained the importance of recruiting:

“Find your method. Master it and duplicate it.”

Despite her misleading claims, Ms. Jelloule has been promoted by Herbalife as a role model to other distributors. The company even sent her to Washington D.C. in May 2016 to speak to members of Congress about Herbalife.

Herbalife’s compensation plan incentivizes recruiting which fosters misleading and fraudulent distributor behavior. Herbalife remains a pernicious pyramid scheme in which 99% of distributors earn less than minimum wage and 86% earn $0 from the company.

A company is deemed a pyramid scheme if the participants make money primarily from recruiting rather than sales to actual customers.

To watch the videos and learn more about Herbalife visit: www.FactsAboutHerbalife.com.

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