Learn about BETTING ON ZERO on 'Last Week Tonight' with John Oliver: https://www.youtube.com/watch?v=s6MwGeOm8iI Controversial hedge fund titan Bill Ackman is on a crusade to expose global nutritional giant Herbalife as the largest pyramid scheme in history while Herbalife executives claim Ackman is a market manipulator out to bankrupt them and make a killing off his billion dollar short. Caught in the crossfire are ordinary Americans forging their financial future, working-class Latinos seeking justice, and a business model affecting the lives of millions around the world. BETTING ON ZERO weaves uncertainty, deception, hubris, intrigue, and greed in a surprising, deeply emotional dive into the world of money, deception and the American Dream. Written and directed by acclaimed filmmaker Ted Braun (Darfur Now), BETTING ON ZERO premiered at TriBeCa Film Festival in April, 2016, where it earned a special jury mention for investigative filmmaking. Hours after BETTING ON ZERO premiered at TriBeca Film Festival, where paid contractors distributed leaflets attempting to discredit the film, Herbalife launched an attack website. The website, bettingonzero.com, is a repository of false and misleading information about the film and is subject to periodic wild and dramatic revisions. The initial version made the case that BETTING ON ZERO was funded by Bill Ackman, whose campaign to draw regulatory attention to Herbalife's business practices is one of the subjects of the film. This was a lie, and the company knew it was a lie, as it appears to admit on an updated version of the website in its description of its numerous meetings with director Ted Braun. After the FTC announced it would force Herbalife to pay $200 million in restitution and completely restructure its business, the film's financier publicly discussed his involvement with the film in this interview on CNBC, and the company changed its tune. Here is the new version of bettingonzero.com, which argues that critics of multilevel marketing companies cannot be trusted to speak honestly about multilevel marketing companies, and that people who manage money for others cannot support documentaries about business and financial subjects that reflect their personal beliefs. Incidentally, paid contractors posing as 'community activists' also leafletted the August 6 screening in East Hampton, NY, but at least on that occasion they admitted to one of the producers that they had no idea what the film was about. Most recently, Herbalife's lobbying firm bought up more than 170 tickets to the Washington, DC premiere on October 7. Either they invited a lot of friends who didn't show up or they didn't want people to see it. The core findings of Betting On Zero are practically identical to the core findings of the FTC after its multi-year investigation of Herbalife. This is not a coincidence.
Visibility: 37716
Duration: 1m 53s
Rating: 228