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Here come the hyper-partisan hounds. A new nonprofit called American Oversight launched this week to combat President Trump's "culture of impunity." The outfit declared itself "nonpartisan" and claims its crusaders will fight for a "transparent and ethical government." But like Waylon Jennings once crooned, "Baby, that dog won't hunt." These Democrat operatives aren't interested in accountability. Their mission is to attack, obstruct and destroy their political opponents at all costs. Executive Director and Obama donor Austin Evers is certainly familiar with the "culture of impunity." He worked as a lawyer at Williams and Connolly -- the firm representing Hillary Clinton...

Democratic presidential candidate Kamala Harris is being slammed by Latino activists for refusing to investigate the Ponzi scheme operated by nutritional supplement marketer Herbalife in exchange for what amounts to bribes masquerading as “donations” from Herbalife lobbyist Heather Podesta. At the time, Harris was the Attorney General of California. Heather Podesta was then married to Tony Podesta, the high-powered lobbyist with longstanding ties to Hillary Clinton. Tony’s brother, John Podesta, was the campaign manager for Hillary 2016 presidential campaign. During her tenure as California attorney general, Kamala Harris refused to investigate the fraudulent pyramid scheme operated by Herbalife, which is...

RUSH: I was rereading today part of the speech that Kamala Harris gave when she announced her presidential campaign, ’cause there’s a controversy about it. Apparently, one of her big supporters is Herbalife, and as attorney general of California, she gave them a pass in prosecuting them for things or ignoring them in instances where they should have been investigated because they’re donors. So in the course of this story, I ran across this little paragraph: “At a rally in late January in her native Oakland, California, U.S. Sen. Kamala Harris announced her intention to seek the presidential nomination by...

Infamous former Turing CEO Martin Shkreli and Howard Schiller, the interim chief executive of the pharmaceutical company Valeant, just faced Congress. Legislators on Thursday wanted them to answer for dramatic drug-price increases that affect the lives of Americans. Shkreli caught national attention when his company purchased a lifesaving drug called Daraprim and then raised the price by over 5,000%. Wall Street was closely watching Schiller; Valeant's stock was a darling until accusations of malfeasance from a short seller and government scrutiny over pricing chopped off a quarter of its stock price last year. At the hearing, Rep. Elijah Cummings (D-Maryland)...

"News that Turing, Valeant Pharmaceuticals International Inc. and other drugmakers have bought rights to old, cheap medicines that are the only treatment for serious diseases and then hiked prices severalfold has angered patients. It's triggered government investigations, politicians' proposals to fight "price gouging," heavy media scrutiny and a big slump in biotech stock prices." "Turing's Shkreli, under fire from all sides, said late last month that he would lower the price of Daraprim, but hasn't so far. A Turing spokesman didn't respond to a request for comment Thursday but recently noted the company is capping patient copayments at $10."

Seventeen years after it was withdrawn from U.S. markets, a synthetic version of the active ingredient in marijuana is going back on sale as a prescription treatment for the vomiting and nausea that often accompany chemotherapy, the drug's manufacturer said Tuesday. Valeant Pharmaceuticals International hopes to begin selling Cesamet in the next two to three weeks, company president Wes Wheeler said. The Costa Mesa, California, company received Food and Drug Administration approval Monday to resume sales of the drug, which it bought from Eli Lilly and Co. in 2004. Valeant currently sells the drug, also called nabilone, in Canada. Lilly...

Last fall, I wrote a piece about Hedge Fund Billionaire Bill Ackman and his unmitigated assault on the health products company Herbalife; Battle of The Hedge Fund Titans. It was an interesting piece about one man’s personal vendetta and attempt to take down a famously successful American company. The short of it (no pun intended), is that Bill Ackman used his hedge fund company, Pershing Square, to take a $1 Billion short position in Herbalife. Thus, banking on the failure of the company to profit immensely, while actually attempting to trigger that failure. Herbalife fought back and the demise of...

Valeant shares plunged as much as 40 percent after an influential short-seller accused the company of fraud, saying it used its relationship with specialty pharmacies to inflate revenue. With the stock’s dramatic swings, Ackman’s portfolio lost as much as $820 million during the day but the loss lessened to roughly $650 million as the price inched up again in mid-afternoon. Cable television station CNBC reported that Ackman bought an additional 2 million shares of Valeant on Wednesday.

Bill Ackman has spent the last five years trying to drive the supplement company Herbalife out of business.He took a $1 billion short position in the company in December 2012, after which its stock dropped 10 percent in six seconds, which led to a temporary trading halt.He informed investors at a 3 ½-hour slide show presentation in Manhattan that same month in which he plodded through a 342-slide presentation that characterized the company not as a multilevel firm that marketing energy and diet drinks, vitamins and skin products but as “the best-managed pyramid scheme in the history of the world.”He...

Shares of Herbalife Ltd. suffered their biggest loss in more than a year Friday following a report that criminal authorities are investigating the Los Angeles nutritional products company. The FBI has launched a criminal investigation of Herbalife and its web of independent distributors, a federal law enforcement source told The Times. A federal law enforcement official in New York confirmed Friday that the FBI had opened an inquiry into Herbalife but did not know first-hand the extent of the investigation. “I can’t give any guidance on where it’s headed,” the official said. …

Is this George Soros and Carl Icahn-backed firm running a "pyramid scheme"? 13 March 2014 | By Sophie Hobson George Soros and Carl Icahn both hold stakes in it, but controversial US firm Herbalife has come under consistent fire from rival investor William Ackman over its allegedly dubious operations. Now it’s being investigated by the US Federal Trade Commission (FTC) over claims it might be running a “pyramid scheme”. The key accusation against Herbalife, which makes weight loss and nutritional supplements and is listed on the New York Stock Exchange, is that it makes most of its money from signing...

In his retirement, former L.A. Mayor Antonio Villaraigosa has decided to enter the exciting world of multi-level marketing, taking on a new role as adviser to Herbalife, the Amway of nutritional supplements. The move comes as Herbalife hires lobbyists and gears up for a battle on Capitol Hill over its business model. Congresswoman Linda Sanchez has asked the Federal Trade Commission to investigate whether the company is actually operating as a pyramid scheme. villaraigosaherbalife2.jpg Wikipedia Another silly photoshop image Herbalife looks to be signing up Democrats who might have some sway with the Obama administration. Today, the New York Post...

The IBD 100 lists the very best companies in terms of fundamentals and technicals. But after a rally is under way for several weeks, many leading stocks can become extended. IBD helps investors find stocks with quality base patterns that merit further study by putting their charts in a bold border. Here are the top five. 13. VMWare (VMW) The virtualization software maker helps companies dramatically improve the productivity of their servers. Revenue growth has accelerated from 0% to 48% over the last four quarters. Earnings per share surged 70% in the latest quarter, the best in 10 quarters.

Former Hollywood private eye Anthony Pellicano, who is awaiting a federal trial on wiretapping and racketeering charges, has been sued by executors for the estate of the late Herbalife International founder Mark Hughes. The federal lawsuit claims that Pellicano wiretapped the executive on behalf of his former wife, Suzan Hughes, while the couple was going through a divorce. The complaint alleges that Suzan Hughes used information from Pellicano's alleged wiretaps to negotiate a "highly advantageous" divorce settlement in march 1998. Hughes, who built Herbalife into a billion-dollar nutritional supplement business, died in 2000 from a drug and alcohol overdose. Besides...

Sorry for the vanity here, but I am going to the best source for information that I can find.... My wife has received information for a company called Herbalife. It seems that by selling this stuff, she could make money. Do any of my fellow FReepers have any opinions of this company, what they sell, and how their process works?

JERUSALEM (Reuters) - Herbalife Ltd. (HLF) said on Sunday it had halted sales of one of its products in Israel amid an investigation by Israel's Health Ministry over complaints from customers that it caused liver problems. Yona Fichman, general manager of Herbalife Israel, said the company was cooperating with the ministry even though there had yet to be a link between the product and what he called abnormal liver test results. A health ministry spokeswoman said eight people reported liver problems over a year and a half, five of whom had consumed Herbalife's Sesame Herb product. She noted that there...