FBI Probes Ackman Fund for Herbalife Manipulation
Ackman: No One at Pershing Square Contacted by FBI
This article is for subscribers only.
The long-running U.S. probe of Herbalife Ltd. and possible manipulation of its stock by billionaire fund manager Bill Ackman has extended to one of his firm’s outside consultants, people familiar with the inquiry said.
The FBI is investigating a contractor hired by Ackman’s Pershing Square Capital Management LP and whether false statements were made to regulators, said two people familiar with the matter. Ackman and his firm haven’t been served with a subpoena, one of the people said.