Jeffrey Skilling, the former CEO of Enron is appealing his federal conviction and arguing that his 24 year sentence is unconstitutional. In May 2006, Skilling was convicted of 19 counts of fraud, conspiracy and insider trading in the Enron case. […]
Today (bold added by me): USNAannounced Wednesday that PricewaterhouseCoopers has been hired as the company’s new independent auditor. We are encouraged by this news as we view PwC’s new role as a sign of Usana’s financial legitimacy; however, we are […]
You’d think that management at Usana Health Sciences would be careful about these things, wouldn’t you? Nope. They’re Usana. They don’t have to. They’re Usana, after all. Credit Barry Minkow with uncovering another fraud being committed by Usana. After Barry […]
This is from TerminatedRamp on the Yahoo message board for Usana. He raises an excellent issue. The IRS already has a generally dim view on multi-level marketing because the odds of turning a profit are less than 1:100 (1%). In […]
Can an analyst covering Usana Health Sciences really provide an independent analysis of the company if he is a distributor? Tim Ramey covers Usana for DA Davidson. Isn’t it kind of weird to cover the company and to be a […]
Okay, this commentary is just silly. Integrity at Usana Health Sciences is non-existent. At the very least, the executives and board members lie about their credentials. Then we have the information that is never provided to distributors/recruits and investing community. […]
This is Sam Antar’s final installment in his three part series on all the “unusual” things showing up in Overstock’s financial statements. Unusual because they don’t align with multiple statements made by CEO Patrick Byrne in a variety of interviews […]
Okay, I admit it. That headline comes straight from Zac Bissonette at Bloggingstocks. I couldn’t help it though. It’s just so…. so…. right. In July, the Texas Attorney General filed suit against Mannatech to stop the company from using illegal […]
A few months ago, the issue was raised of the Utah Attorney General, Mark Shurtleff, “endorsing” Usana Health Sciences. Staff at his office told Fraud Discovery Institute associates that the Attorney General would never endorse a company, and we reported […]
Today on the White Collar Fraud Blog, Sam Antar has the first part of a three part series on the inventory numbers at Overstock.com. It’s curious how Overstock’s inventory numbers always seem to create more questions than they answer. Sam […]
