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December 23, 2013 AT 1:01 PM
Activist hedge fund manager William Ackman wrote to his investors on Monday, saying Herbalife is still engaged in improper recruiting tactics and is likely violating multi-level market restrictions in China, . The billionaire investor on Monday told clients in a letter, seen by Reuters, that he would soon be releasing findings that his own investigation into the nutrition and weight loss company has turned up.