NZ International Fraud Film Festival

Betting on Zero

3 MAR 2018 — Film

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Fraud Film Festival

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A billionaire investor is an unlikely heroic champion of the people in Betting on Zero. The documentary shows how hedge fund titan Bill Ackman used the resources at his disposal to take on nutritional supplements purveyor Herbalife, a publicly traded company that Ackman accused of being a pyramid scheme.

Aiming for a victory in both moral and monetary senses by shorting stock in the company, betting it would collapse under regulatory scrutiny, Ackman attracts the ire of a rival activist investor. Carl Icahn (who uncoincidentally was an existing adversary of Ackman’s) enters the fray to thwart his plan. As the pair wage a battle over Herbalife’s stock price, Betting on Zero highlights the power of ethical investment and fraud on the broadest corporate scale.

The film will be followed by a half-hour panel discussion featuring industry experts and business journalists.

Betting on Zero

Betting on Zero

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Admission $18