Multi-level marketing companies (MLMs) are nothing but legalized scams. Make no mistake… they are pyramid schemes, but the government allows them to operate. Why are these obvious Ponzi schemes (which, by the way, the MLMs will swear up and down they are not… thou doth protest too much) allowed to …
Usana Watch Dog has been busy compiling more data about the Usana Health Sciences “business model” for distributors. He writes about what I already know from my years of research into multi-level marketing schemes: Nearly everyone loses money in these schemes, and those who do make living are almost always …
A few years ago, I was involved in an investigation of multi-level marketing company (MLM) Usana Health Sciences (NASDAQ:USNA). One of the allegations that came out during that investigation was that Usana was illegally conducting business in China. China has strict laws against multi-level marketing, making it impossible for the …
Almost three years ago, Barry Minkow and Fraud Discovery Institute released a report on Usana Health Sciences (NSDAQ:USNA), listing ten red flags of fraud he and his team (which included me) uncovered about the company. The report criticized the company’s business model, essentially calling it a pyramid scheme in which …
Consumers are often left wondering why the Securities and Exchange Commission doesn’t heavily pursue allegations of fraud against public companies like Overstock.com (NASDAQ:OSTK), Usana Health Sciences (NASDAQ:USNA), Herbalife (NYSE:HLF), and the like. I’ve always said the answer is simple: There are not enough resources devoted to investigating and prosecuting fraud …
Back in April I told you that Usana Health Sciences (NASDAQ:USNA) would be rolling out a new “energy drink” at their annual convention: The new product is an energy drink. Apparently, studies by Usana show that you could get a bigger kick from a cup of coffee, but they are …
If you’ve ever been involved in a multi-level marketing (MLM) company of any kind, you know that one of the favorite recruiting grounds is churches. Especially with companies that supposedly promote “Christian” values (like Mary Kay), the church is the logical place to find recruits. Sadly, many pastors have no …
Introduction Behind Different Masks, the Same Face Two companies, BurnLounge Inc.(1) and Usana Health Sciences, are in the spotlight of federal regulators, investors, fraud investigators and business journalists. The fundamental legitimacy of each company is in question. Both are being called calculated and sophisticated frauds. Tens of thousands of consumers …
Are most Usana distributors with the company for the business opportunity or the vitamins? June 20, 2005 Earnings Call Usana CFO Gil Fuller says business opportunity – “We now have 125,000 active associates who are pursuing a home-based business opportunity.” Success From Home Magazine Usana CEO Myron Wentz says business …
I feel like I’m playing Where’s Waldo… Does anyone know where Bradford Richardson went? He is the former VP of Asia Pacific for Usana Health Sciences, and he recently resigned. Rumor has it that he “went to work for a competitor.” I’m just dying to know if my November 14th …
