The saga of the Usana Health Sciences insider continues. In essence the insider alleges that Usana had $22 million in income tax expense for 2006 (confirmed with the 10-K), paid about $13 million of that, leaving a $9 million income […]
Today the Securities and Exchange Commission filed a lawuit against Kan King Wong and his wife Charlotte Ka On Wong Leung, both of Hong Kong. The SEC lawsuit alleges that between April 13 and April 30, they bought 415,000 shares […]
How long are Myron Wentz, Dave Wentz, and Gil Fuller going to carry on this charade? From the Usana Health Sciences 10-Q from the first quarter of 2007: During the first quarter of 2007 we received some negative press due […]
This is interesting information from an alleged employee of Usana Health Sciences. According to the employee, Usana has drawn down its $25 million loan and used the proceeds to buy back stock.
In 2005, I worked briefly on a case involving Andrew Bandy, a property manager for Mallory Properties. Mallory Properties is one of the businesses owned by Milwaukee’s “Guiffre Brothers.” The company purchases distressed properties, renovates them, and rents them out. […]
It has been suggested that discussing the inventory issues at Overstock.com is a waste of time. Surely there is more interesting stuff going on. like Sith Lords and such. So I’ll explain why it’s so important. Inventory is a financial […]
This was posted yesterday on the Yahoo message board for Usana Health Sciences. It has some details that I think could easily be proven or disproven. This is not the first I have heard of cancelled auto-ship and lower recruiting […]
Susicious trades of Dow Jones & Co. stock just prior to the announcement of News Corp.’s offer to purchase are under investigation by the New York attorney general and the Securities and Exchange Commission. Dow Jones received an unsolicited offer […]
Oklahoma City hand surgeon Houshand Seradge is being accused of Medicare and Medicaid fraud, and the federal government is going after $40 million from him, his family, and his associates. A civil suit against Seradge alleges 6,400 false claims filed […]
The Wall Street Jouranl reports that home buyers who signed contracts when the market was hot are now trying to get out of them.? The buyers are claiming that they were scammed into homes they couldn’t afford or that they […]
