Usana Insider Gil Fuller Makes Over $1.2 Million on Recent Stock Sales

Posted on August 4th, 2008

With the recent settlement of the lawsuit Usana Health Sciences (NASDAQ:USNA) filed against Barry Minkow and Fraud Discovery Institute, the company’s stock price got a nice little boost. And just in time for retiring CFO Gil Fuller to cash in some of his stock options for a tidy little profit of more than $1.2 million.

Like I’ve always said, the real winners in multi-level marketing are the owners and executives (who own via stock held and stock options). These guys get rich at the expense of tons of little distributors who lose hundreds or thousands of dollars “investing” in these scams.

Related posts:

  1. More problems with stock options
  2. Apple Computer stock option problem
  3. IRS Commissioner says CFO’s shouldn’t receive options
  4. Former CEO of Brocade guilty of fraud
  5. Home Depot backdating options

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