NEW YORK--(BUSINESS WIRE)--Pershing Square Capital Management, L.P. announced today that multi-level marketing expert Robert FitzPatrick will replace Connie Chung as the moderator of the Friday, May 2, 2014 panel discussion with former Herbalife distributors.
The panel discussion will follow the screening of a brief documentary featuring more than a dozen former Herbalife distributors recounting their experience with the company and how they were harmed by the Herbalife pyramid scheme.
Chung, who required as a condition to appear as an unpaid, independent journalist, said: "I intended to fully vet every aspect of this complicated story but concluded I needed a team of researchers, which I did not have at my disposal. There were too many levels and sides to the story."
A Pershing Square spokesman said: “The focus of this event has always been the victims. While we’re disappointed Connie Chung isn’t able to moderate the panel, we’re pleased Robert FitzPatrick, an expert in multi-level marketing schemes, will lead the discussion.”
Journalists, community and advocacy groups and elected leaders are invited to attend the event, which will take place in New York City. For more information about attending, please contact Farrell Sklerov at Rubenstein Associates.
About Robert FitzPatrick
Robert L. FitzPatrick is an expert in examining and revealing deception and fraud in Ponzi schemes, pyramid schemes and bogus home-based businesses. He is an author, teacher and internationally recognized authority in multi-level marketing schemes and pyramid sales fraud. A catalyst and leader in the international effort to end fraud in the direct selling industry, Robert founded and serves as president of Pyramid Scheme Alert, the first international association to expose and prevent pyramid scheme fraud.
He is co-author of False Profits, the first book to critically examine the recent rise in pyramid and Ponzi schemes in home-based businesses. He was featured on NBC Dateline, ABC World News, and he was interviewed by correspondent Mike Wallace on CBS 60 Minutes. He has been interviewed live on NBC Today show, Canada's CBC National News, Christian Broadcasting Network, and on several BBC radio news programs aired in the UK. He has been quoted in many newspapers around the world, including the New York Times and Wall Street Journal.
About Pershing Square Capital Management, L.P.
Pershing Square Capital Management, L.P. ("Pershing Square"), based in New York City, is a SEC-registered investment advisor to private investment funds. Pershing Square manages funds that are in the business of trading — buying and selling — securities and other financial instruments. Funds managed by Pershing Square are short the stock of Herbalife Ltd. Pershing Square may increase, decrease, dispose of, or change the form of its investment in Herbalife for any or no reason, at any time. Pershing Square may change its views about or its investment positions in Herbalife at any time, for any reason or no reason. Pershing Square may buy, sell, cover or otherwise change the form or substance of its Herbalife investment. Pershing Square disclaims any obligation to notify the market of any such changes. Please see the full Disclaimer appearing on websitewww.factsaboutherbalife.com.