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News and culture through the lens of Southern California. Hosted by A Martínez

Federal Trade Commission investigating Herbalife

by Take Two®

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Specialist Peter Elkins foreground, works at the post thta handles Herbalife, on the floor of the New York Stock Exchange, Thursday, Jan. 23, 2014. Herbalife Ltd. shares fell Thursday after U.S. Sen. Edward Markey called for an investigation into the company's business practices. Richard Drew/AP

The Federal Trade Commission is officially investigating Herbalife. This is the latest twist in the long and interesting drama swirling around the L.A.-based nutritional supplement company.

Billionaire hedge fund manager Bill Ackman, has accused Herbalife of being a pyramid scheme, and has been betting on the company's failure. For more on this we're joined by Duane Stanford with Bloomberg News. Duane, welcome to the program.

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