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  • Conservatism is no excuse for false financial statements, Overstock.com

    I’ve written extensively in the past about the train wreck that is Overstock.com (NASDAQ:OSTK) and its nutty CEO, Patrick Byrne.  Just when I think there couldn’t possibly be more to write about the horrible company and Byrne’s crazy antics, I’m […]

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  • Another Dishonest Public Company Executive Uncovered by Barry Minkow

    According to Barry Minkow, co-founder of the Fraud Discovery Institute, Terrell Herring, President and COO of inVentiv Health Inc. (NASDAQ: VTIV) “claims to have an MBA degree from Pacific Western University, a well known ‘diploma mill’ that ceased to exist […]

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  • 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:

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  • Fraud Discovery Institute Blasts Medifast

    UPDATE: On February 17, 2010, Medifast Inc. filed suit in US District Court, Southern District of California, alleging defamation, violation of California Corporations Code, and unfair business practices. On March 29, 2011, Judge Janis Sammartino dismissed all of Medifast’s claims […]

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  • 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:

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  • More Financial Statement Fraud at Overstock.com

    White collar crime fighter and reformed felon Sam Antar has done it again. He has exposed the most recent financial statement fraud being perpetrated by Overstock.com (NASDAQ:OSTK) and wacky CEO Patrick Byrne. Of course, this doesn’t come as any surprise […]

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  • Evidence of Naked Short Selling? Hardly.

    The tinfoil hat-wearing crew over at Deep Capture thinks they’ve finally demonstrated an actual case of Naked Short Selling damaging a company.  (They’ve been asked repeatedly to prove that naked short selling has ever severely damaged a company, and have […]

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  • MLM Scheme, Mannatech, Pays Millions to Victims for Making False Claims of Cures and Health Benefits

    News from Pyramid Scheme Alert: Mannatech, a long time MLM company, member of the Direct Selling Association and publicly traded on the New York Stock Exchange, has agreed to pay millions of dollars to consumers who were deceived by its […]

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  • 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 […]

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  • Naked Short Selling: A Complete Waste of Resources

    The issue of Naked Short Selling stocks (NSS) is getting some airtime, thanks to the likes of loony Overstock.com (NASDAQ:OSTK) CEO Patrick Byrne. He’s a crusader for NSS, claiming over and over that the practice almost destroyed his company. The […]

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