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King of the Swamp – Bill Ackman and His Billion Dollar Bet to Sink Herbalife

It’s been awhile since I’ve written about Bill Ackman and his pathetic vendetta against Herbalife. Some new developments have taken place and I thought it might be time for an update.
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Bill Ackman: The Dumbest Investor on Wall Street

How many times does Crony Capitalist William “Bill” Ackman’s allegations about Herbalife Nutrition’s business need to be proven wrong before he loses all credibility and ceases to be taken seriously?
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Herbalife Has A Plan That Could “Squeeze” Hedge Fund Billionaire Bill Ackman

Hedge fund billionaire Bill Ackman's short position in Herbalife is looking awfully shaky.
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Carl Icahn Wins Again on His Bet on Herbalife

Hedge fund investor Bill Ackman placed a billion dollar short bet on nutrition supplement maker Herbalife.
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Bill Ackman Starts Over

Not to put too fine a point on it, but Bill Ackman’s at something of a low ebb. After the annus horribilis of 2016, the Pershing Square Capital Management founder needed things to start going right, big time, just as soon as the ball dropped, if possible
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FOX BUSINESS

Joe Biden’s Beef with Bill Ackman Sparks Heated Exchange and Presidential Chatter

Some say former Vice President Joe Biden is too old to run for president in 2020, but he still knows how to throw a verbal punch -- just ask financier Bill Ackman.
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Seeking Alpha

Time For Bill Ackman To Stand Down On His War Against Herbalife

It's time for Bill Ackman to tell us what he actually has against Herbalife.
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Canada Free Press

Cronyism Kills Capitalism

His bet turned out bad, yet he has continued his war on the company that has extended from 2012 to today.
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Clash Daily

DRAIN THE SWAMP: Can We Start With THIS Billionaire Crony Capitalist?

The ongoing saga between Pershing Square Billionaire Bill Ackman and the company Herbalife will be a great example of which way the wind is blowing for crony capitalists.
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Washington Examiner

The Fake News About Herbalife

Fake news may be taking the political world by storm, but investors have been dealing with it for so long there's actually infrastructure in place.
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iPatriot

Class Warfare – Short Sales, Herbalife and Billionaire Justice

Billionaire hedge fund manager Bill Ackman of Pershing Square Capital Management, L.P. decided to short sell Herbalife Ltd (NYSE: HLF) beginning sometime in December of 2012.
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DealBreaker

Brits Not Exactly Queuing Up For A Piece Of Bill Ackman

Bill ackman beachThe year 2016 was a rough one for Bill Ackman, and 2017—occasional bright spots notwithstanding—isn’t shaping up much better.
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The New York Times

Apologies. Really. And I Will Definitely Grow Up.

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Fortune

The Siege of Herbalife

Hedge fund titan Bill Ackman has been on a nearly three-year quest to bring down the $5 billion-in-revenue nutrition giant. Call it destructive activism. But worth asking: Do short-sellers make good regulators?
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The Washington Times

BILL ACKMAN PIONEERS NEW VARIETY OF UNFAIR TRADING

The SEC, Herballife and Congress intersect
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The Huffington Post

MOVING STOCK PRICE BY SECRET LOBBYING LAW ENFORCEMENT

There’s a first time for every novel unfairness in the securities industry or otherwise. There has to be. If novelty justified stasis, the law would become a petrified forest.
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Red State

Bill Ackman: Tilting At Windmills

I made the mistake of paying to watch the mediocre documentary, “Betting on Zero”. The documentary follows the ongoing saga between billionaire hedge fund manager Bill Ackman, founder of Pershing Square Capital Management, and mega nutrition company Herbalife.
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Seeking Alpha

Where Are The Investors’ Yachts?

While Bill Ackman has had some big winners for investors in his multi-billion-dollar hedge fund, Pershing Square, he also has cost his clients a ton of money over the years due to his high-risk bets on stocks.
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New York Times

Hedge Fund Titan’s Surefire Bet Turns Into a $4 Billion Loss

A little over two years ago, William A. Ackman, one of Wall Street’s brashest and most self-assured hedge fund managers, was on top of the world.
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ValueWalk

Will Betting On Zero Turn Out To Be A Zero For Ackman?

The film Betting on Zero, a documentary to be released in select theaters Friday, is a film that speaks on several levels.
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Money Morning

Bill Ackman’s Three Worst Investments Of All Time

Money manager Bill Ackman's hedge fund Pershing Square once boasted extraordinary returns. For instance, in 2014, the fund beat out the S&P 500 by a whopping 27%, with 40% gains.
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The Washington Post

Wall Street’s brutal arithmetic: Hedge fund CEO profits, while investors bear loss

Wall Street math can be a wonderful thing. If you’re on the right side of it, that is.
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Bloomberg

How to Lose $4 Billion: Bill Ackman’s Long Ride Down on Valeant

Ackman reiterated confidence in company just two weeks ago. Investment in drugmaker was sucking up time, resources.
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Fortune

Bill Ackman Lost $7.7 Million Per Day on Valeant Stock

By the time Bill Ackman gave up and cashed out of his Valeant Pharmaceuticals stock earlier this week, everyone, even the hedge fund manager, knew it had been a big mistake.
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Prosecutors Interview People Tied to Ackman in Probe of Potential Herbalife Manipulation
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Yahoo! Finance

Bill Ackman Bails On His Massive, Money-Losing Bet on Valeant

Activist investor Bill Ackman, the CEO of $11 billion Pershing Square Capital, has exited his massive, money-losing bet in Valeant Pharmaceuticals.
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ForexLive

Thus Ends One Of The Worst Trades Of All Time

There is justice in all the money Bill Ackman lost in drugmaker Valeant. He reportedly sold all his holdings at $11 per share.
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New York Times

William Ackman Sells Pershing Fund’s Stake In Valeant

William A. Ackman, a billionaire investor, staked his reputation as a savvy stock picker on his ability to oversee a turnaround at Valeant Pharmaceuticals International.
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The Street

All the Talk Is of Ackman and Valeant

There is lots of talk in the media today about Bill Ackman's Pershing Square hedge fund dumping the last of his stock in Valeant Pharmaceuticals (VRX) and taking a loss of about $2.8 billion, overall.
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The Huffington Post

Betting on Zero – A Propaganda Piece For A Crony Capitalist

“Betting on Zero” is a new infomercial masking as a documentary about the direct selling industry. The movie premiers today and it is important to understand that the movie is a propaganda piece favorable and pushed by “activist investor” Bill Ackman.
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Townhall

Fake News In The Movies With The Documentary “Betting on Zero”

While “fake news” may be a relatively new addition to the nation's political lexicon, the phenomenon itself is not uncommon in Hollywood.
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The Street

Ackman Lost Bet on Herbalife

Judging by stock market indications, hedge fund boss Bill Ackman has lost his $1-billion short bet on Herbalife (HLF) .
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Andrew Harrer/Bloomberg/Getty Images
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Forbes

Billionaire Bill Ackman Sells Disastrous Valeant Investment After Nearly $4 Billion Loss

Billionaire Bill Ackman has exited one of the most disastrous hedge fund investments ever, selling his hedge fund’s remaining shares in Valeant Pharmaceuticals.
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Patriot Update

Bill Ackman Invested in Oreo Cookies While Trying to Destroy a Healthy Food Company Herbalife

Bill Ackman, the hedge fund manager who has for years been in a battle to destroy health foods company Herbalife, has recently invested in more than 99 million shares of Mondelez International, the company that make Oreo cookies and a number of other “junk” food products
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Herbalife Ackman
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Fortune

Herbalife Paid a $200 Million Fine. Then the FTC Screwed it Up

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Western Free Press

The Wall Street White Whale: Herbalife

He tasks me, said Ahab of the white whale – eventually riding the beast he was obsessed with punishing to his own doom.
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Chris Goodney/Bloomberg/Getty Images
article

Townhall

Fake News Is Not New – It Used To Be Called …

I was taught propaganda was fake news distributed to the masses to mislead and control them. The best example of it in the world in the late 1980’s was the Russian Newspaper called Pravda.
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William "Bill" Ackman, founder and chief executive officer of Pershing Square Capital Management LP, pauses during a Bloomberg Television interview in London, U.K., on Wednesday, Jan. 14, 2015. Billionaire activist investor Ackman considered investing in British retailer Tesco Plc, which announced a series of cost cuts to reverse a slide in profit. Photographer: Chris Ratcliffe/Bloomberg via Getty Images
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Wealth Daily

Why Investors Fail

I've been in the investment newsletter biz for nearly 20 years. I came in right after the Asian currency crisis and subsequent Russian default. I saw the Internet bubble grow and pop. I saw Greenspan attempt to buy his way out of a recession with debt. Then the housing bubble and crash...
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Business Insider

‘Fake News’ Has Not Spared the…

As much as we may not want to hear it, there is nothing new about the phenomenon known as fake news. Combatting it has proven to be a viable business for
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Daily Kos

Bill Ackman: A Progressive Charlatan

Hedge fund billionaire Bill Ackman is the poster child for what is wrong on Wall Street. He has made large amounts of money for himself and his investors by price gouging consumers who purchase drugs.
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Rare

Hedge Fund Billionaire Bill Ackman’s Use of Crony Capitalism Sets a Dangerous Precedent

One hedge fund billionaire’s quest to destroy a reputable company by deploying crony capitalism tactics has set a dangerous precedent for successful companies going forward.
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The Huffington Post

Beginning of the End for Swaggering Hedge Fund Billionaire?

Whom the Gods would destroy, they first make arrogant. William A. Ackman of Pershing Square Capital Management (PSCM), a billionaire hedge fund manager, seems exemplary.
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Red State

One Hedge Fund Billionaire’s Wall Street Alamo

Is it possible for a billionaire hedge fund manager to blow it all? Yes and Bill Ackman, founder of the hedge fund Pershing Square Capital Management, is showing us how.
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The Huffington Post

Counting Cards…

Wall Street is a kind of casino, let’s start with that...  
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The Blaze

Activist Investors Play Dangerous Game

“Activist Investors” is the nice term for the 1980s phrase “Corporate Raiders,” made famous by the character Gordon Gekko in the movie Wall Street.
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The Huffington Post

Hedge Fund Manager Bill Ackman Masquerades…

To paraphrase from the New Testament (Matthew 9: 24): “[I]t is easier for a camel to go through the eye of a needle, than for someone who is [a hedge fund manager] to enter the Kingdom of God.”
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The Daily Caller

One Rich Beggar: Crony Capitalist Hits Up…

When a billionaire hedge fund crony comes to Washington claiming the “Moral High Ground” you know something’s fishy.
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The American Spectator

Cronyism Loses: Time for a Relaxing Summer

A crony who gives capitalism a bad name just lost. How nice! For supporters of the free market, one of the highlights of the year is Congress’s summer recess. It’s normally a time to relax and relish the fact that Congress isn’t passing laws, plotting to pass laws, and throwing away ...
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The Hill

The FTC Got It Right on Herbalife Settlement

Last week, the FTC announced a settlement with Herbalife, a 36-year old California nutrition company. The FTC rejected the years-long PR campaign funded by hedge-fund manager Bill Ackman, who demanded that the FTC brand Herbalife a pyramid scheme and shut it down...
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Liberty Unyielding

Hedge Fund Sabotage for Profit

In an episode of the hit NBC sitcom “Seinfeld,” Kramer made a bet at an airport that a Pittsburgh flight would be delayed. Coincidentally, his rowdy friend Jerry was on that plane and held up the takeoff. Unfortunately for Kramer, Earl — his counterpart in the deal — caught on. He took back ...
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Bill Ackman
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Motley Fool

Bill Ackman’s 3 Worst Bets

Hedge fund manager Bill Ackman is one of more controversial figures on Wall Street. The head of the $12 billion Pershing Square Capital Management fund has gained the ire of several peers, including Carl Icahn and Dan Loeb, and was even called "despicable" by Starbucks CEO Howard Schultz.
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Bloomberg

Ackman Takes Another Blow

Valeant Pharmaceuticals' 47 percent plunge Tuesday means it's a rough day for a lot of hedge funds. But for Bill Ackman, what will be harder than reversing those stomach-churning losses is trying to repair the damage done to his reputation as an investor.
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Bill Ackman's Herbalife short is backfiring — again
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USA Today

Bill Ackman’s Herbalife short is backfiring again

It was little more than two months ago, in early January, when hedge fund honcho Bill Ackman was on top of the world. His hedge fund, Pershing Square Capital, was crowned the top fund of 2014 after posting gains over 40%, well above the industry average of closer to 2%.  What’s ...
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NY Times

Bruised, Herbalife Swings Back at an Accuser

This Wall Street brawl began with a billion-dollar bet. Then William A. Ackman, the investor who landed the first blow with his bet againstHerbalife, escalated the fight. He called the multibillion-dollar nutritional supplements company a “pyramid scheme,” likening its practices to those of ...
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Shareholder Activism is Okay, As Long as It's Honest
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Investor's Business Daily

Shareholder Activism Is Ok, As Long As It’s Honest

Also, Pershing and various outside groups have pressured federal, state and local governments to investigate Herbalife. Press reports cropped up this spring that the FBI is investigating potentially illegal payments to individuals in exchange for false public statements designed to drive down ...
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William "Bill" Ackman, founder and chief executive officer of Pershing Square Capital Management LP, speaks during a television interview at the Robin Hood Investors Conference in New York, U.S., on Friday, Nov. 22, 2013. The activist investor said he will take his Herbalife Ltd. bet to the end of the earth even as losing as much as $500 million on the investment. Photographer: Peter Foley/Bloomberg via Getty Images
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Townhall

Cronyism in the “Short Sale” Market

In the classic 1976 movie “Network,” there is a famous scene where a character played by the late Peter Finch shouts, “I’m mad as hell and I’m not gonna take it anymore!” I feel that same sentiment is growing throughout America, as the cost of our debt and regulatory state has ...
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Stock Market Manipulation
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Capitol Gamed

Stock Market Manipulation

William Ackman Ackman is best known for his activist investing tactics – making huge bets against established companies to manipulate their stock prices. In December 2012, Ackman announced a $1 billion bet against Herbalife, a publicly traded, 35-year-old global nutrition company. If the ...
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Shut Down Investors like Bill Ackman using Influence to Undermine the Short Sale Market
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The Daily Caller

Shut Down Investors Using Influence To Undermine Trust In Government

As recently as a few years ago, there were Democratic politicians throughout the Deep South at both the federal and statewide levels. Today, this is no longer the case. The dearth of elected Democrats coincides with increased distrust in government. Because I spent most of my adult life as an ...
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Herbalife fights critics with TV ads, downtown L.A. rally
article

LA Times

Herbalife fights critics with TV ads, downtown L.A. rally

Amid relentless attacks on its business model, Los Angeles nutritional products company Herbalife Ltd. is firing back at its critics with its first Southern California television advertisements in more than a decade. With a big rally in downtown Los Angeles, the company kicked off a massive ...
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LA Times

Ackman confirms federal subpoena of contractor he hired to attack Herbalife

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REPORT: The FBI is Interviewing People and Asking for Documents About Bill Ackman and Herbalife
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Business Insider

REPORT: The FBI is Interviewing People and Asking for Documents About Bill Ackman and Herbalife

The FBI and federal prosecutors are interviewing people related to hedge fund manager Bill Ackman for potential Herbalife stock manipulation, The Wall Street Journal reports. They've asked for documents related to the stock. Neither Ackman nor his hedge fund, Pershing Square, has been served ...
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Herbalife Comments on Supportive Ruling by United States Court of Appeals for the Ninth Circuit
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Market Watch

Herbalife Comments on Supportive Ruling by United States Court of Appeals for the Ninth Circuit

LOS ANGELES, Jun 02, 2014 (BUSINESS WIRE) -- Herbalife a leading global nutrition company, today commented on the recent ruling by the Ninth Circuit Court of Appeals in its decision in FTC v. BurnLounge, Inc. Herbalife issued the following statement: Today’s decision by the United States ...
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Herbalife Shares Jump After Re-Audit of Books
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New York Times

Herbalife Shares Jump After Re-Audit of Books

Updated, 5:06 p.m. | Another day has brought more bad news for William A. Ackman’s bet against Herbalife. The nutritional supplements maker disclosed on Monday that its auditor, PricewaterhouseCoopers, had finished re-auditing its books for its last three fiscal years, as well as for the current ...
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Bill Ackman's Herbalife Nightmare Gets 100 Percent Worse
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Forbes

Bill Ackman’s Herbalife Nightmare Gets 100 Percent Worse

Seven months ago, billionaire hedge fund manager William Ackman stood on a New York City stage at an unorthodox event that he had organized and declared that Herbalife’s stock was going to collapse because the controversial nutritional supplements seller was a pyramid scheme. But Herbalife’s ...
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Why Bill Ackman is Bullish on America's Largest Private Prison Company
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Business Insider

Why Bill Ackman is Bullish on America’s Largest Private Prison Company

Bill Ackman is frequently known for the companies he attacks, but here's one he likes: Corrections Corp of America (CXW). It's the largest manager of private prisons in the country, and jailing convicts is a growth business. MarketFolly got a copy of the presentation he recently gave at the ...
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