Who is short selling Medifast stock?
So who is short selling Medifast (NYSE:MED) stock? I’m not, but apparently plenty of other people are. (No, Medifast, I have no idea who it is, nor do I care who it is. That’s your problem. Not mine.) As my readers already know, Medifast is on the hunt for anyone who would dare to say [...]
Acquisition by Usana Health Sciences gets them into China (legally, this time)
A few years ago, I was involved in an investigation of multi-level marketing company (MLM) Usana Health Sciences (NASDAQ:USNA). One of the allegations that came out during that investigation was that Usana was illegally conducting business in China. China has strict laws against multi-level marketing, making it impossible for the company to do business there [...]
Another reason why more anti-SLAPP legislation is needed
I am currently on the receiving end of a SLAPP suit, thanks to my good friends at Medifast (NYSE:MED) and their scam-like pyramid-like multi-level marketing division Take Shape For Life (TSFL). SLAPP = Strategic Lawsuit Against Public Participation It goes like this… Someone criticizes your company. You get mad. You decide to use your millions [...]
MonaVie lawyers are again threatening critics
These stories never get old. People criticize multi-level marketing in general, and particular MLMs specifically, and the lawyers come running. They cry that the bloggers are saying bad things about their companies, and that can’t be allowed to happen. Mona Vie doesn’t want you to know that their distributors are losing money left and right [...]
Questions raised about the figures reported in USANA’s SEC filings
USANA Watchdog just posted an article this morning which questions the active associate count of USANA Health Sciences (NASDAQ:USNA) and whether there is illegal recruiting of associates in China. Watchdog’s analysis of the numbers found some very curious things: Associates in Hong Kong have increased by 300% in the last three years, when the rest [...]
Penn & Teller on multi-level marketing and pyramid schemes
Last month, Penn & Teller’s Showtime show Bullshit! featured multi-level marketing. They did an excellent job of hitting the high points on why MLMs almost guarantee failure for all the participants. Sure, there will be a couple of people at the top of the pyramid that make money, but that’s only because hundreds or thousands [...]
United First Financial is being shopped to private equity groups
Recently, the cat has been let out of the bag that UFirst Financial, the company selling the worthless “Money Merge Account” software via a multi-level marketing business model is on its last legs. Top members of the salesforce are plotting how to oust other sales people and keep the profits for themselves. The numbers show [...]
Ufirst Financial software users jumping ship
This interesting information was posted on a Canadian discussion board where the members were talking about United First Financial. As you saw here, some of the top people in UFF see that the company is going under, and are looking for a way to take this horrible software to a new company, and leave all [...]
Medifast is abusing the legal system to punish critics of Take Shape For Life
Earlier this year, Medifast (NYSE: MED) filed a $270 million lawsuit against Barry Minkow, me, and several other defendants for what it has alleged are false statements and a conspiracy to damage the stock price of the company. This lawsuit is nothing more than the typical big company suing a critic to shut her up. [...]
Ufirst Financial: This is what a collapsing pyramid looks like
The demise of United First Financial is apparently imminent. The company has had anemic sales for more than a year, and it seemed it was only a matter of time before Ufirst folded. The end is coming nearer, as people at the top of the pyramid are looking to the best people (not those bad [...]
