the second quarter is bad and this is the way to prove it. over fifty percent of our income is the automatic shipping requiring credit cards all processed through paymentech. paymentech in the past credited to our jp morgan chase […]
The Wall Street Journal is reporting that Ladd McNamara, a high level distributor for Usana Health Sciences Inc. has quit the company’s medical board following a report by Barry Minkow and the Fraud Discovery Institute that McNamara lied about his […]
20/20 did a hidden camera investigation for 3 months, going to Mannatech sales pitches around the country. The meetings start with disclaimers that the products don’t cure anything. Yet the meetings are full of testimonials from people who claim they […]
Barry Minkow and the Fraud Discovery Institute have just released a report indicating that Ladd McNamara, the Usana spokesperson, Advisory Board member, and high level distributor lost his medical license in Ohio due to fraud. It was previously reported by […]
The Fraud Discovery Institute released the following today: According to an affidavit by Christopher Crane, “Dr.” Ladd McNamara has been praciticing medicine in California without a license. According to the affidavit, Mr. McNamara prescribed medications for Mr. Crane on more […]
Quite a lot happened this past week at Overstock.com. Is the house of cards finally falling down? Some think so. Gary Weiss even wrote a blog post entitled “Will the Last Overstock.com Director Please Turn Out the Lights.” And Sam […]
One vocal supporter of Usana has been Len Clements, an owner of a multi-level marketing company. Len Clements has called himself a “watchdog” of MLM, but it seems he’s most interested in keeping the MLM business model alive (for obvious […]
Supporters of Usana Health Sciences have suggested that Usana’s invitation to ring the Nasdaq closing bell earlier this week somehow gives the company credibility. As if Nasdaq is somehow endorsing Usana, its business model, and the questionable integrity of the […]
The Wall Street Journal ran a story this morning about another product-based pyramid scheme, Mannatech. The company is a typical multi-level marketing company (MLM). They have a product (generally overpriced and of marginal quality), but the “real” business is in […]
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 […]
