This also cleared the way for additional loans to fund stock repurchasing. Meanwhile, activist investor William Bill Ackman (hedge fund manager of Pershing Square) repeated allegations about unethical practices among Herbalife's distributors, as per media sources. Herbalife has been facing accusations since last year by Ackman and the Belgian consumer organization Test-Aankoop regarding its pyramid scheme business model i.e. deceptive marketing practices employed for improving business. The company was accused of making money by recruiting new sales people and not from its sales.