Bill Ackman declared: 'Herbalife has actually been shut down by the FTC, they just haven't realized it yet'
But Herbalife management, and Carl Icahn, said that the FTC had determined it was not a pyramid scheme despite the $200M fine.
The chair of the FTC denied that they determined it was not a pyramid scheme - but at the same time, they carefully didn't say it was.
I'm just saying you can't really treat the FTC as the ultimate authority, because even they don't know.
Bill Ackman declared: 'Herbalife has actually been shut down by the FTC, they just haven't realized it yet'
But Herbalife management, and Carl Icahn, said that the FTC had determined it was not a pyramid scheme despite the $200M fine.
The chair of the FTC denied that they determined it was not a pyramid scheme - but at the same time, they carefully didn't say it was.
I'm just saying you can't really treat the FTC as the ultimate authority, because even they don't know.