• Why Usana’s Ringing of the Nasdaq Bell Is mManingless

    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 […]

  • Mannatach Under Scrutiny for Health-Related Claims

    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 […]

  • The Usana Health Sciences “Insider” Posts

    In order to complete the record, I’m posting here the first four Yahoo message board postings by the alleged Usana insider. The insider has been revealing some pretty interesting things, and time will tell if these are fact or fiction…

  • Great Post on the Realities of Multi-Level Marketing

    Since I have gathered quite a following from the pro-MLM and anti-MLM people alike, I thought this would be a great piece to mention. Of course, I found it because Lee linked to me first. Lee Distad’s opinion on multi-level […]

  • Usana Insider Information – Unpaid Income Taxes?

    The saga of the Usana Health Sciences insider continues. In essence the insider alleges that Usana had $22 million in income tax expense for 2006 (confirmed with the 10-K), paid about $13 million of that, leaving a $9 million income […]

  • Usana’s Definition of “Misinformation”

    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 […]

  • More Information From an Alleged Usana Insider

    This is interesting information from an alleged employee of Usana Health Sciences. According to the employee, Usana has drawn down its $25 million loan and used the proceeds to buy back stock.

  • Alleged Insider Information From Usana

    This was posted yesterday on the Yahoo message board for Usana Health Sciences. It has some details that I think could easily be proven or disproven. This is not the first I have heard of cancelled auto-ship and lower recruiting […]

  • Interesting claims made by Usana distributors

    Recall a couple of weeks ago when Usana executives said on their quarterly earnings call that Usana distributors couldn’t lose money unless they bought vitamins and threw them in the garbage?Well a Usana distributors’ group that calls themselves Income for […]

  • Another class action suit against Usana – this one a little different

    Today another class action suit was filed against Usana Health Sciences today, with a class period of July 18, 2006 to March 14, 2007. The twist: ?The lawsuit was filed in the United States District Court for the District of […]