Quoth the Raven's  Instablog

Quoth the Raven
Send Message
Quoth the Raven has been a part time investor for the last ten years, specializing in technology and emerging markets. QTR loves playing option spreads on volatile stocks that are leading up to a binary news event. Disclosure : I am not a stockbroker or financial advisor. I am a casual investor... More
  • Herbalife Clears Up DeSimone Rumors  0 comments
    Aug 4, 2014 2:39 PM | about stocks: HLF

    There were tons of rumors floating around the weekend with regards to what appears to be a mugshot of the CFO, John DeSimone. Someone had found this picture and posted it on Twitter under the $HLF tag:

    (click to enlarge)

    That began the speculation that John DeSimone could have possibly been involved in the Homestore.com fraud from 2001. The complaint in the matter, however, listed John "R." DeSimone and Herbalife's current CFO is John "G." DeSimone.

    It appears that an Intelius report incorrectly linking the two was the cause of the speculation:

    (click to enlarge)

    It looks like, from a background check that I've conducted, that DeSimone's mug shot is from a missed court appearance having to do with a speeding ticket he got in Florida in 2003:

    (click to enlarge)

    Herbalife's PR machine took to Twitter to dispell the rumors on Monday afternoon:

    This should clear this matter up.

    Now, if DeSimone could just explain:

    - the China "Hourly Consulting Pay"

    - why he used SICAD I for Venezuela

    - what Herbalife earnings would have been from a GAAP standpoint

    ...we'd be all good.

    Disclosure: The author is short HLF.

    Additional disclosure: I hold puts and calls but am positioned short.

    Stocks: HLF
Back To Quoth the Raven's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

  • 15 Insane (But True) Reasons The Herbalife Fraud Should Be Shut Down Today $HLF http://seekingalpha.com/a/1niux
    Dec 26, 2014
  • Chapman And Hempton On Herbalife: The Blind Are Leading The Blind $HLF http://seekingalpha.com/a/1g2i3
    Aug 17, 2014
  • If you missed it, SA Contributor Tom Shaugnessy absolutely NAILED his RDX call on SecretCaps.com this past week - 25%+ gains.
    Aug 15, 2014
More »
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.