Brent Wilkes

As the week ended, multi-level marketing company Herbalife (NYSE: HLF) faced attacks from both ends of the country regarding whether it was an illegal pyramid scheme. Massachusetts Senator Ed Markey on Thursday called for the Securities and Exchange Commission and the Federal Trade Commission...

Activist investor Bill Ackman believes Herbalife (NYSE: HLF) is a pyramid scheme. He has said so and backed it up with a $1 billion short position. Some Hispanic organizations agree with Ackman’s assessment and have urged state attorney generals to take action against the company. Brent Wilkes...