Thursday, January 31, 2013

Herbalife purchases Ackman domain names

Herbalife appears to be preparing to launch a campaign against Bill Ackman, the billionaire activist investor who accused the dietary supplements company of being "the best managed pyramid scheme in the history of the world".

The company, has purchased several internet domain names featuring Ackman's name. Domain registration documents show Herbalife, which has a $4bn (pounds 2.5bn) turnover, registered the websites on 18 January, shortly after Ackman accused the company of duping some of the world's poorest people out of $3.8bn (pounds 2.4bn) by running an elaborate Ponzi scheme. Ackman, founder and chief executive of hedge fund Pershing Square Capital Management, launched his campaign against Herbalife last month Herbalife, which has dismissed Ackman's accusations as "bogus", did not respond to requests for comment.