Pyramid schemes

  • Laurie Schneider


    Deal Judge: Getting Suckers To The Market

    Ed. note: This is a new weekly column by Elie Mystal, Managing Editor of Above the Law Redline, wrapping up the week that was in law and finance. Elie is not a practicing attorney, and anything he says that you listen to can and will be used against you. Issue #1: The law has to […]

    / Dec 5, 2014 at 3:15 PM
  • Hedge Funds

    Carl Icahn, Bill Ackman Still Agreeing To Disagree, Re: Herbalife

    Uncle Carl is loving the totally legitimate diet-shake company’s $266 million share buyback. Bill Ackman hasn’t weighed in on the racist pyramid scheme’s move, but it is safe to say he’s not impressed.

    / May 7, 2014 at 3:36 PM
  • News

    Herbalife Gets Another Chance To Prove Its Shake ‘N Supplements Biz Is Totally Legit

    The good news never stops at Carl Icahn’s favorite diet-shake purveyor, which no doubt welcomes probe number five-ish as another exciting opportunity to show it is totally above-board.

    / Apr 21, 2014 at 3:28 PM
  • billackmanpershingsquare (1)

    Hedge Funds

    Bill Ackman’s Persistent Lobbying Efforts Pay Off

    This week was looking like one that Bill Ackman would want to forget. It began with a New York Times article that read like something Herbalife CEO Michael Johnson and Carl Icahn might have collaborated on. It continued with yesterday’s $300 million Fannie Mae/Freddie Mac hiccup. Even Ackman’s latest presentation on what he very sincerely […]

    / Mar 12, 2014 at 4:33 PM
  • Is this more of a Loeb post? I dunno.


    Dan Loeb Gets In On “The Best Managed Pyramid Scheme In The History Of The World” At A Discount

    An important truism in the financial markets is that there’s no such thing as a “toxic asset,” tout court; everything is toxic/dangerous/Bad at some (high) price and attractive/safe/Good at some other (much lower) price and there’s a wide area in between where things mostly live and you fight about their pricing. You can apply that […]

    / Jan 9, 2013 at 4:17 PM
  • News

    Is Ken Lewis’s Wife Involved In A Pyramid Scheme?

    That’s what some local Charlotte TV station is alleging, claiming that Donna Lewis has been working as a sales rep for FHTM, “a multi-level marketer recently fined as a pyramid scheme.” The wife of KL doesn’t deny working for the company but takes offense to the notion that anything illegal is going down. “It is […]

    / May 27, 2010 at 11:17 AM

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