Allegations of cheating in China are nothing new for Usana Health Sciences (NYSE: USNA). In 2007, the Fraud Discovery Institute accused Usana of doing business illegally in China. The country has very strict laws against multi-level marketing (MLM). It is strictly forbidden. Yet for years Usana has been getting around …
All good multi-level marketing companies have one thing in common: They fail to disclose enough information to allow consumers and regulators to determine if they are in the business of recruiting or selling products. They disclose just enough facts and figures to make it appear that they are being transparent. …
Guest Post by USANA Watch Dog USANA has found a way to possibly expand its multilevel marketing opportunity into every country in the world, including unauthorized regions such as mainland China. An internal USANA document shows virtually no limit to the number of distributors who can sign up using the …
Usana Health Sciences offers vitamins and other nutritional products through a multi-level marketing structure. For years, the company has been dogged by allegations of operating a pyramid scheme and doing business illegally in China. In November 2012, Citron Research released a detailed report on allegations that the company has been …
Usana Watch Dog has been busy compiling more data about the Usana Health Sciences “business model” for distributors. He writes about what I already know from my years of research into multi-level marketing schemes: Nearly everyone loses money in these schemes, and those who do make living are almost always …
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 …
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 …
Almost three 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 …
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:
In the Usanan Health Sciences (NASDAQ:USNA) most recent 10-Q filed with the SEC, the company makes reference to restated financial statements:
