How Herbalife’s Gospel of Health and Wealth Fuels a Billion-Dollar Deception
…lement with the FTC. Those comments boosted Herbalife’s share prices and renewed speculation about whether Ackman’s bet would pay off. Since its inception in 1980, Herbalife has survived an investigation from the state of California, a Senate inquiry, the dramatic death of its charismatic founder, and plenty of bad press. It wouldn’t be surprising if it survives Ackman, too. But even if things are legally on the level, a certain kind of razzle-daz…
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