Pershing Square Releases Sixth in a Series of Videos Showing Herbalife’s False and Misleading Claims Continue

Video Demonstrates Aggressive and Deceptive Recruiting Practices Persist

NEW YORK--(BUSINESS WIRE)-- Pershing Square Capital Management, L.P. (“Pershing Square”) today released the sixth in a series of videos showing that Herbalife 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 distributors making outrageous claims about the business in 2014 and 2015. In the video, Herbalife distributor Sarah Olguin claims:

"Herbalife allows you to make as much money as you want in a day, in a week, in a month, in a year, it’s all about ‘earn your worth.’ … It’s all done online, so you’re never taking a risk. It’s a very riskless business and I think that’s one of the best parts about Herbalife."

Herbalife GET team member Ari Campos Taalib-Din claims:

"You have the opportunity of a lifetime. … This company’s changing lives."

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.

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

About Pershing Square Capital Management, L.P.

Pershing Square Capital Management, L.P. ("Pershing Square"), based in New York City, is a SEC-registered investment advisor to investment funds. Pershing Square manages funds that are in the business of trading — buying and selling — securities and other financial instruments. Funds managed by Pershing Square are short the stock of Herbalife Ltd. and own put options on the company. Pershing Square may increase, decrease, dispose of, or change the size or form of its investment in Herbalife for any or no reason, at any time. Pershing Square may change its views about or its investment positions in Herbalife at any time, for any reason or no reason. Pershing Square may buy, sell, cover or otherwise change the form or substance of its Herbalife investment. Pershing Square disclaims any obligation to notify the market of any such changes. Please see the full Disclaimer appearing on website www.factsaboutherbalife.com and www.herbalifepyramidscheme.com.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160627005163/en/

For Pershing Square Capital Management:
Fran McGill, 212-909-2455
[email protected]

Source: Pershing Square Capital Management, L.P.

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