He’s ba-aaack!
Herbalife antagonist Bill Ackman has taken aim again at a top Herbalife distributor.
Leslie Stanford, a member of the company’s top-level “Founder’s Circle” and a former member of its board, is a “key player in Herbalife’s recruitment schemes,” who makes “blatantly false claims about making money through Herbalife,” Ackman’s report claimed.
Ackman’s report, the third in a series focusing on distributors, quotes Stanford as saying she has a significant presence in her native Canada.
As exclusively reported by The Post, a Canadian regulator has opened a formal inquiry into Herbalife after members of the public complained it was a pyramid scheme.
Stanford recently took over the business of Shawn Dahl, the controversial Herbalife distributor whose lead-generation business led him to leave the nutritional-supplements distributor in June.
Dahl was recruited by Stanford, according to Ackman’s report, and has been a distributor since 1981. She couldn’t be reached for comment.
“I’m really sad for what brought us to this call, it’s difficult to see Shawn go,” Stanford is quoted as saying on a call to Dahl’s downline distributors.
Stanford told them she would now oversee them. Distributors were also told they could still use Dahl’s banned lead-generation business, Online Business Systems, according to Ackman’s report.
Stanford also runs a side company, “Success Connection,” that teaches recruiting methods, according to the report.
On videos attached to the profile, she is shown giving lessons on how to recruit distributors, the report claims.
“Bill Ackman’s latest attack is solely about generating headlines,” Herbalife said in a statement. It refused to comment further on the Ackman report.
Ackman, who has a $1.16 billion short bet against Herbalife, claims the company is a pyramid scheme.
The company strongly denies the claim.