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  "docSlug": "118452fbd911",
  "documentTitle": "Herbalife, Ltd. (HLF)",
  "authorId": "01_Pershing_Square",
  "authorName": "William Ackman",
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  "presentationDate": "2016-07-20 00:00:00",
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  "notes": "This slide is part of a presentation likely by Bill Ackman/Pershing Square regarding their short position on Herbalife.",
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      "text": "Herbalife is a pyramid scheme",
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      "text": "While Herbalife likely negotiated to prevent a “pyramid scheme” label as a condition of its Settlement Agreement with the FTC, the FTC findings make clear:",
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