Usana Health Sciences knows it products are being sold illegally in China
Almost thre years ago, Barry Minkow and Fraud Discovery Institute released a report on Usana Health Sciences (NSDAQ:USNA), listing ten red flags of fraud he and his team (which included me) uncovered about the company. The report criticized the company’s business model, essentially calling it a pyramid scheme in which recruiting is the focus (rather [...]
Does this describe your MLM?
Kevin Thompson hires himself out to multi-level marketing companies to give them legal counsel. Supposedly he knows his way around the legality of MLMs, just like my buddy Gerry Nehra supposedly does.
So I was perusing Kevin’s website and came across this interesting diatribe about what separates “legitimate” MLMs from illegal pyramid schemes. I’ve written a [...]
Usana Health Sciences misrepresenting distributor earnings
written by: terminatedramp
USANA publishes a distributor average earnings chart to be used to recruit new distributors into their business opportunity. See the following USANA website that provides their earnings chart: http://www.usana.com/dotCom/opportunity/payplan/index.
Quoted from their website is the following:
USANA’s sneaky disclosure
In the Usanan Health Sciences (NASDAQ:USNA) most recent 10-Q filed with the SEC, the company makes reference to restated financial statements:
Selling your soul to Usana Health Sciences for $27,000 a year
If you were going to join a multi-level marketing company like Usana Health Sciences (NASDAQ:USNA), what would your goal be? Would you aspire to be one of their million dollar earners? That sounds awfully prestigious, doesn’t it?
Well check out this excerpt from a recent press release by the company, and then catch my comments at [...]
Wondering why frauds at public companies aren’t being pursued by the Feds?
Consumers are often left wondering why the Securities and Exchange Commission doesn’t heavily pursue allegations of fraud against public companies like Overstock.com (NASDAQ:OSTK), Usana Health Sciences (NASDAQ:USNA), Herbalife (NYSE:HLF), and the like. I’ve always said the answer is simple: There are not enough resources devoted to investigating and prosecuting fraud in public companies. Executives are [...]
Massive MonaVie distributors losses demonstrated with the company’s own numbers
Multi-level marketing expert Robert Fitzpatrick discusses the phenomenon of high-level MLM distributors going from company to company. He also explains some distributor numbers released by MonaVie, which show that 91% of distributors receive no commissions from the company, and that the bottom 99% of distributors receive an average of $3.75 a week in commissions. Doesn’t [...]
Consumers easier to scam during tough economic times
The Los Angeles Times did an article this week on consumer scams thriving during difficult economic times. I think their observations and comments were right on the money!
If the searches consumers are using to get to my site are any indication, they’re researching scams more than ever. It seems to me that when consumers get [...]
Searching for Shop to Earn scam
There are still plenty of people searching for “Shop to Earn scam,” ShopToEarn fraud, “is Shop to Earn legitimate,” Shop To Earth scam, and the like. The company has, for the most part, avoided negative commentary on the internet.
It seems important, therefore, to go over some of the finer points of this newer multi-level marketing [...]
