Ackman profiles another Herbalife "perpetrator"

|About: Herbalife Ltd. (HLF)|By:, SA News Editor

Today's Herbalife (HLF -1.3%) success story for Bill Ackman to take aim at is Founder Circle Member Leslie Stanford. Stanford served on Herbalife's board from 2002-05 and owned 1.33M shares of company stock as of the end of September 2005.

No surprise, Ackman makes the case that Stanford's success is from recruiting others into the Herbalife "scheme," not from moving product.