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. […]
The Motely Fool recently published a bit on Usana Health Sciences and the ongoing SEC investigation that was started based upon the investigation done by Barry Minkow and Fraud Discovery Institute. I have a few comments on some of the […]
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 […]
One of the criticisms leveled against Usana Health Sciences in Fraud Discovery Institute’s original report on the company is the lack of retail sales. Usana acknowledges the importance of retail sales in its 2005 10-k, on page 16 (bold added […]
One of the hallmarks of a product-based pyramid scheme is the absence of sales to retail customers. Examine a multi-level marketing company like Usana or Mary Kay, and you will see that for the most part, their distributors do not […]
An astute reader found this at the bottom of a Quixtar (Amway) website: “This site is protected by U.S. Patent 6,980,962” Protected by a patent? A business scam like Amway, Quixtar, whatever it’s called this week? Surely the United States […]
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 […]
Ladd McNamara apparently has no regard for the rules of agencies that license physicians. Yesterday he opened a brand new blog, which he titles “Dr. Ladd McNamara’s Blog.” Too bad that on May 31, 2007, Barry Minkow and Fraud Discovery […]
One more in a series of posts by the Usana insider on a Yahoo message board: on august 10 when we first got news of the nasd delisting and bought 130,000 shares through d a davidson. we spent exactly 4,793,659.00 […]
Helen Malmgren has written another article on Usana Health Sciences. The article says that Mr. Ladd MacNamara (not Dr.) sent NBR a letter regarding their reporting of his Usana situation:
