www.reuters.com/article/2015/11/17/us-investment-filings-herbalife-idUSKCN0T603Q20151117
Today it was announced that the Soros Fund (which is no longer controlled by George Soros) has dumped 2 millions 'Herbalife' shares. However the person who was apparently responsible for making this amoral investment, no longer works for the Soros Fund.
More than 2 years ago I published an in-depth analysis of how, and why, the name of George Soros had appeared in the tragicomic 'Herbalife/MLM' fairy story.
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mlmtheamericandreammadenightmare.blogspot.fr/2013/10/george-soros-and-herbalife-hlf-racket.html
At the beginning of August 2013, it was reported that the Soros Hedge Fund had bought a large stake in 'Herbalife,' causing shares in the counterfeit 'direct selling' company immediately to jump 9%; for it was also implied that the messianic billionaire, George Soros, had personally been responsible for making this trade.
The temporary re-inflation of the market price of 'Herbalife' shares, meant that (on paper) Bill Ackman was around $300 millions down on his $1.2 billion short-selling bet that 'Herbalife' is a fake enterprise which will soon be closed down, whilst (again on paper) Carl Icahn and the Soros Hedge Fund, were hundreds of millions of dollars up on their own long bet against Bill Ackman's short position.
The person who was largely-responsible not only for the Soros Hedge Fund buying a significant chunk of 'Herbalife' shares, but also for making sure that the rest of the world knew about it, is Wall St. whiz -kid, Paul Sohn. He is reported as boasting to a gathering of fellow Wall St. whiz kids (whom, for obvious reasons, he wanted to pile in on the 'Herbalife' deal) that :
'George Soros broke the Bank of England..! He can break the back of Bill Ackman!'
Not surprisingly, Mr. Sohn's reckless behaviour surrounding his 'Herbalife' trade, immediately became the subject of an insider trading complaint filed by Bill Ackman, with the US Securities and Exchange Commission.
nypost.com/2013/08/28/sec-looking-at-soros-herbalife-trading/
With a level of hypocrisy (and irony) that is close to exquisite, in public, young Mr. Sohn and his wife, Sarah, have professed to being enthusiastic supporters of 'LIFT' - a charity which 'aims to combat poverty and expand opportunity for all people in the USA.' In private, young Mr. Sohn seems to have become so bedazzled by an opportunity to make quick and easy money, that he has completely failed to apply his professed-morality, let alone commercial common-sense, to his deeds. For there is absolutely no doubt that 'Herbalife' has been part of an ongoing financial, and psychological, holocaust (with a small 'h') which has secretly consumed countless millions of vulnerable individuals by brainwashing them into believing that 'Multi-Level Marketing' is a viable, and legitimate, 'business opportunity,' in which failure to make money, is always entirely the fault of the participants never the sponsors. Sadly, whether he cares to face reality or not, Paul Sohn has risked a large quantity of other people's money, supporting an effectively-valueless, and demonstrably-criminal, enterprise dressed up as a 'business.'