When Usana lost auditors Grant Thornton, it filed an unreviewed 10-Q, prompting a delisting warning letter from NASDAQ. Following the hiring of PriceWaterhouseCoopers as the new auditors, Usana filed an amended 10-Q, which brought them back into compliance with SEC […]

Modern pyramid schemes hide behind names like multi-level marketing and network marketing. How do they stay legal? By hiding behind a “product” or “service,” that is usually nothing more than overpriced junk. They’re not selling the product or service, they’re […]

Finally, Ladd McNamara is living in reality. For quite some time, this Usana supporter, high level distributor, and former member of the Usana Medical Advisory Board has been illegally referring to himself as a doctor and an M.D. Illegally? Well […]

An article today on SanDiegoReader.com does an excellent job of highlighting what’s been happening with the Usana case. As if I’d ever let you forget, I will remind you that Usana Health Sciences is being investigated by the Securities and […]

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 […]

Those who have been involved in high-profile fraud investigations and general scam-busting are used to getting threats. The wackos typically like to threaten jobs, reputations, and families, and the levels to which they will stoop seem to have no lower […]

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 […]

Robert FitzPatrick at Pyramid Scheme Alert reported in his recent newsletter on the class action suit that has been brought against Amway (Quixtar) by high-ranking distributors: The lawsuit states: * Quixtar’s (Amway and Quixtar are both part of the same […]

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 […]