An alleged Usana employee has suggested that Usana did not have the 153,000 “active” associates that it claimed in its December 31, 2006 10-K. I hope the SEC asks for proof of this number.
I issued a report to Fraud Discovery Institute about many of the financial issues raised in the Usana Health Sciences matter. The report clarifies the issues and why they’re important from an accounting perspective, specifically regarding Generally Accepted Accounting Principles […]
Zac Bissonnette over at BloggingStocks has another great post about Usana Health Sciences. He listened to the earnings call on Wednesday, and seems to be just as surpised as I was. Surprised? Yes. Surpised that the executives (Dave Wentz and […]
Almost none of the business builders want to make money anyway, according to CFO Gil Fuller, so no one need worry. He says that only about 12% of Usana associates want to actually make any money, and only about half […]
Did you think I meant today’s earnings conference call? Well that deception will be discussed later. Today I am pointing out the lack of a PhD on the part of Denis Waitley. The Wall Street Journal broke the story today: […]
In a stunning release of previously undisclosed information, the ]Fraud Discovery Institute (FDI) released today documented evidence that the entire Usana Health Sciences, Inc. (Nasdaq:USNA) Medical Advisory Board secretly owns large independent Usana multi-level marketing distributorships. “The company presents their […]
NEW YORK, April 11, 2007 — Harwood Feffer LLP today announced that a class action suit has been commenced on behalf of all persons who purchased the common stock of USANA Health Services Inc. (Nasdaq:USNA) (“USANA” or the “Company”) between […]
Zac Bissonnette at AOL’s BloggingStocks nailed it on Usana’s conference call yesterday! He easily pointed out that none of the analysts asked any tough questions and everyone accepted Usana’s “move along, nothing to see here” explanation about all the fraud […]
A story in the Wall Street Journal on Saturday reported on the Denis Waitley credential problem, as well as another Usana executive with credential problems. After trading closed on Friday, Usana announced that director Waitley was stepping down after an […]
After Barry Minkow and Fraud Discovery Institute revealed earlier this week that Denis Waitley (board of directors for Usana) didn’t have the credentials he claimed, Usana is covering for him. They announced late today that he will be retiring, with […]
