So who is short selling Medifast (NYSE:MED) stock? I’m not, but apparently plenty of other people are . (No, Medifast, I have no idea who it is, nor do I care who it is. That’s your problem. Not mine.) As my readers already know, Medifast is on the hunt for anyone who would dare to say something less than flattering about the company. I’m being sued, along with others, for having …  Read More →

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 company to do business there under its current MLM model. Usana had legitimate business operations set up in Hong... 

Medifast General Counsel Michael Tanczyn, Esq. at the deposition of Sam Antar. (click to enlarge) I am currently on the receiving end of a SLAPP suit, thanks to my good friends at Medifast (NYSE:MED) and their scam-like pyramid-like multi-level marketing division Take Shape For Life (TSFL). SLAPP = Strategic Lawsuit Against Public Participation It goes like…  Read More →

These stories never get old. People criticize multi-level marketing in general, and particular MLMs specifically, and the lawyers come running. They cry that the bloggers are saying bad things about their companies, and that can’t be allowed to happen. Mona Vie doesn’t want you to know that their distributors are losing money left and right and the overall financial health of the company is being questioned . None of the MLMs want... 

USANA Watchdog  just posted an article this morning which questions the active associate count of USANA Health Sciences (NASDAQ:USNA) and whether there is illegal recruiting of associates in China. Watchdog’s analysis of the numbers found some very curious things: Associates in Hong Kong have increased by 300% in the last three years, when the rest of the territories have seen decreases. Hong Kong has 1 associate for every 135 citizens.... 

Last month, Penn & Teller’s Showtime show Bullshit! featured multi-level marketing. They did an excellent job of hitting the high points on why MLMs almost guarantee failure for all the participants. Sure, there will be a couple of people at the top of the pyramid that make money, but that’s only because hundreds or thousands below them have lost money. Lost money? Yes, MLM is all about losing money. They use a product as a “front”... 

Recently, the cat has been let out of the bag that UFirst Financial, the company selling the worthless “Money Merge Account” software via a multi-level marketing business model is on its last legs .  Top members of the salesforce are plotting how to oust other sales people and keep the profits for themselves. The numbers show that about 75% of MMA’s users have stopped using the software . Now the news is that the powers that... 

This interesting information was posted on a Canadian discussion board where the members were talking about United First Financial . As you saw here, some of the top people in UFF see that the company is going under , and are looking for a way to take this horrible software to a new company, and leave all the dead weight agents behind. Too bad users aren’t actually using the software anymore, according to the below. A little more info:... 

Medifast General Counsel Michael Tanczyn, Esq. at the deposition of Sam Antar. (click to enlarge) Earlier this year, Medifast (NYSE: MED) filed a $270 million lawsuit against Barry Minkow, me, and several other defendants for what it has alleged are false statements and a conspiracy to damage the stock price of the company. This lawsuit is nothing more than the typical big company suing a critic to shut her up. Medifast has far more resources... 

The following press release from Citizens for Responsible Government explains how the Milwaukee County DA’s office investigated political blogger Christopher Liebenthal, and found he was doing his political blogging on taxpayer time. I believe Liebenthal should lose his job and be required to pay back the taxpayers for the wages he stole from them. CRG Network PRESS RELEASE July 12th, 2010 For Immediate Release DA Investigates Taxpayer-Funded... 

The demise of United First Financial is apparently imminent. The company has had anemic sales for more than a year, and it seemed it was only a matter of time before Ufirst folded. The end is coming nearer, as people at the top of the pyramid are looking to  the best people (not those bad ones who just get drain cash from the company …  Read More →

The latest news in the Koss Corporation fraud committed by ex-VP of Finance Sue Sachdeva is a lawsuit filed by the company against Sachdeva and auditors Grant Thornton . It’s unlikely that the company will collect much from Sachdeva, but the auditors are a great target because they have deep pockets (especially in the form of a professional liability insurance policy). Everyone expected Koss to sue …  Read More →

This was left as a comment on an article on this blog. I have no way to verify the accuracy of any of the information, but wanted to share it with my readers. As of June 2010, UFF is all but out of business. They had their last round of lay offs at the home office just yesterday and are now down to about 8 people running both the client and agent support lines. Thats down from around 70 a year ago. All of their last ditch efforts to boost sales... 

Guest Post by Ronald Kral, MBA, CPA, CMA Managing Partner of Candela Solutions LLC All organizations use some form and degree of monitoring in reaching strategic, operational, reporting and compliance objectives. Yet, many organizations do not fully leverage the power of monitoring in reaching objectives or in supporting their regulatory control assessments. This article explores monitoring in an effort to reap the benefits of cost-efficient... 

Let me start out this post by saying that I don’t like it when anyone is taken advantage of. Any individual, any group. I don’t like scammers who prey on the elderly, or those who speak English as a second language, or members of a certain religion or ethnic group, etc. It’s simply wrong. However, I also don’t like sweeping generalizations that put a group of people in the status of “victim” without any hard...