Herbalife: We Have No Knowledge of Any Probe

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April 11 (Bloomberg) –- Bloomberg’s Olivia Sterns reports on Herbalife’s response to the investigation by the Justice Department and the FBI, saying they have no knowledge on the probe. She speaks on Bloomberg Television’s “Street Smart.” (Source: Bloomberg)

Welcome back to bloomberg.

Want to bring you an update on this breaking news story on herbalife.

We told you we had learned from a person familiar with the matter that herbalife is being investigated by federal authorities.

Herbalife has put out a statement saying they have no knowledge of any ongoing probe run the department of justice nor the fbi, so herbalife is denying the story.

Bloomberg news is reporting.

It was earlier reported in "the financial times, but herbalife says they have no knowledge of any of these probes.

A few weeks ago, the company to disclose they were being probed by the federal trade commission.

We do know that senator ed markey, a democrat from new jersey, asked the ftc and fcc to look into business practices.

Herbalife has been accused of operating a pyramid scheme.

This text has been automatically generated. It may not be 100% accurate.


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