Hey gang get this the Feds are finally figuring ou
Post# of 39368
Posted On: 03/13/2015 8:30:49 AM
Hey gang get this the Feds are finally figuring out what shorters do to steal money :
NEW YORK (TheStreet) – Shares of Herbalife (HLF - Get Report) soared 9% in after-hours trading on the news that people affiliated with the company's chief antagonist and activist investor Bill Ackman are being questioned as part of a federal criminal probe into potential market manipulation of Herbalife's stock.
According to a report in the Wall Street Journal, the Federal Bureau of Investigation and prosecutors with the Manhattan U.S. Attorney's office have interviewed and requested documents from people Ackman hired to lobby regulators against the maker of nutritional supplements.
The investigation is focused on "whether people, including some hired by Mr. Ackman, made false statements about Heralife's business model to regulators and others in order to spur investigations into the company and lower its stock price," according to the Journal.
NEW YORK (TheStreet) – Shares of Herbalife (HLF - Get Report) soared 9% in after-hours trading on the news that people affiliated with the company's chief antagonist and activist investor Bill Ackman are being questioned as part of a federal criminal probe into potential market manipulation of Herbalife's stock.
According to a report in the Wall Street Journal, the Federal Bureau of Investigation and prosecutors with the Manhattan U.S. Attorney's office have interviewed and requested documents from people Ackman hired to lobby regulators against the maker of nutritional supplements.
The investigation is focused on "whether people, including some hired by Mr. Ackman, made false statements about Heralife's business model to regulators and others in order to spur investigations into the company and lower its stock price," according to the Journal.
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