A new report by Fraud Discovery Institute contrasts the two Usanas that exist. There is one Usana story told to potential distributors (make lots of money!) and a different story told to Wall Street (only 12% actually want to make […]
This has got to be “Education Fraud” or something… Stacy Snyder, a recent graduate of Millersville University has been denied her teaching certificate because of a picture of her posted on MySpace. What’s the content of that photo, you ask? […]
Recall a couple of weeks ago when Usana executives said on their quarterly earnings call that Usana distributors couldn’t lose money unless they bought vitamins and threw them in the garbage?Well a Usana distributors’ group that calls themselves Income for […]
Altanta attorney Ulysses Thomas Ware has been convicted of one count of securities fraud and one count of conspiracy to commit securities and wire fraud. The conviction follows a two-week jury trial in federal court. According to evidence presented at […]
This is hilarious. Roy Pearson, a ?Washington D.C. administrative law judge sued a dry cleaner because they lost his pants. And he wants $65,462,500. He says he’s entitled to that $65 million because he’s had? .mental suffering, inconvenience and discomfort.. […]
A full-page ad in the Wall Street Journal, Chicago Tribune, and Washington Post by the U.S. Chamber Institute for Legal Reform (a pro-business group) suggests that lawsuit abuse costs the average American family $3,520. That is the alleged increase in […]
Today another class action suit was filed against Usana Health Sciences today, with a class period of July 18, 2006 to March 14, 2007. The twist: ?The lawsuit was filed in the United States District Court for the District of […]
An alleged Usana employee has suggested that Usana did not have the 153,000 “active” associates that it claimed in its December 31, 2006 10-K. I hope the SEC asks for proof of this number.
I issued a report to Fraud Discovery Institute about many of the financial issues raised in the Usana Health Sciences matter. The report clarifies the issues and why they’re important from an accounting perspective, specifically regarding Generally Accepted Accounting Principles […]
Marilee Jones, the dean of admissions for Massachusetts Institute of Technology, has resigned after it was discovered that she falsified her credentials. She claimed on her 1979 application to MIT that she had a bachelor’s and master’s degree from Rensselaer […]