Ackman Presses Herbalife Ltd. (HLF) Short, Goes After Individual Distributors

Bill Ackman, true to his word, is pursuing his Herbalife Ltd. (NYSE:HLF) short, this time releasing detailed accounts of individual recruiters who have made big profits bringing in new distributors, starting with former Chairman’s Club member Shawn Dahl. The story starts in 2004 when a Canadian company called Global Online Systems was shut down by court order and its owners, Deborah Stoltz and Marylin Thom, were convicted of operating a pyramid scheme, but before the court’s prohibition orders were put into effect, the business was transferred to Online Business Systems, a company owned by Dahl. “Pershing Square believes that Stoltz…