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William Ackman, Hedge fund manager and the founder of Pershing Square Capital

Herbalife Branded A Pyramid Scheme By Hedge Fund Manager Bill Ackman

Herbalife, which sells weight management and skincare products, is being denounced as a pyramid scheme by Bill Ackman, a hedge fund manager. Ackman claims Herbalife’s goal is not to sell products but getting individuals duped into selling business opportunities to their friends who, in turn, sell it to their friends.

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