Herbalife President: Well it’s ALMOST True….

Another top executive is caught lying about his credentials, but we’re supposed to think it’s no big deal. First it was Usana Health Sciences (NASDAQ:USNA) board member Denis Waitley lying about his college degrees. Then it was Usana CFO Gil Fuller lying about being a CPA. Then it was Usana exeuctive Timothy Wood lying about his college degree.

Now it’s the Herbalife (NYSE:HLF) president, Gregory Probert, lying about having an MBA from Cal State. But in typical multi-level marketing company (product-based pyramid scheme) fashion, you are urged to “pay no attention to the man behind the curtain,” in Wizard of Oz fashion.

As reported in today’s Wall Street Journal, the MBA degree was listed in at least 19 Securities and Exchange Commission filings. Probert’s excuse? Vanity. (No, we call that fraud, not vanity.) According to the article:

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Usana: The New Milli Vanilli?

No, I can’t take credit for this bit of brilliance. It was Zac Bissonnette over at Blogging Stocks. All Zac.

Poor Usana Health Sciences. They just can’t catch a break can they? What with Barry Minkow and Company ruining things for them. You know… a few experts like me, Robert FitzPatrick, Dr. Manfred Kroger, Dr. Jon Taylor, Doug Brooks, Esq. Experts with real degrees, credentials, and credibility.

And in the other corner, we have Usana.

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Wall Street Journal story reveals another Usana executive with falsified credentials

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 “error” with his credentials. The fact is that Waitley did not have the Masters degree … Read more Wall Street Journal story reveals another Usana executive with falsified credentials