• Pressing Questions for MLM Supporter Len Clements

    Today I got an email from Len Clements, the multi-level marketing evangelist and career college graduate who has been a vocal supporter of Usana Health Sciences (NASDAQ:USNA). Len Clements published five disjointed “rebuttals” to the various reports, videos, and press […]

  • Article on Barry Minkow’s Herbalife Investigation

    Yesterday the Los Angeles Business Journal did a feature article on Barry Minkow and his investigation of Herbalife (NYSE:HLF) and other multi-level marketing companies. A few snippets from the article, Minkow Targeting Supplement Maker: Former fraudster hectors Herbalife:

  • Former Herbalife Director of Venezuela and Columbia Comes Forward With Fraud Claims, Reports Fraud Discovery Institute

    Herbalife (NYSE: HLF) whistleblower says illegal acts likely responsible for region’s dramatic supervisor growth Herbalife (NYSE:HLF) executives identified Venezuela as a Top 10 market for the company in their May 2, 2008, conference call, and indeed, triple digit new supervisor […]

  • Lying in Business is Not Compartmentalized (Herbalife, NYSE:HLF)

    White collar criminal Barry Minkow has been investigating multi-level marketing schemes such as Usana Health Sciences, Herbalife Ltd., and PrePaid Legal. One of the most recent revelations by Minkow and his Fraud Discovery Institute was that the president of Herbalife, […]

  • Goldman Sachs Says Lying by Executives is Trivial

    This week, Gregory Probert, Herbalife’s (NYSE:HLF) president and COO, resigned after being outed for lying about his credentials. Here’s what an analyst at Goldman Sachs had to say about the company after the resignation was announced:

  • Herbalife President Gregory Probert Resigns

    Following last week’s damaging report by Fraud Discovery Institute and Barry Minkow that Herbalife LTD’s (NYSE:HLF) president and COO Gregory Probert lied about his credentials, Probert has resigned from the company, effective today. Media reports are cute. Instead of saying […]

  • 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 […]

  • Herbalife Red Flags for Fraud Issued

    Disclosure: Barry Minkow is currently shorting Herbalife stock, and intends to short any stock he reports on in the future. Details found on page 3 of this document. Today Barry Minkow and Fraud Discovery Institute released a list of the […]

  • Herbalife’s Top 5 Misrepresentations

    Herbalife’s (NYSE:HLF) CEO Michael Johnson and CFO Richard Goudis contradict one another’s figures. Fraud Discovery Institute (FDI) issues the following statement about its review of Herbalife (NYSE:HLF) presentations by CEO Michael Johnson and CFO Richard Goudis. First, on November 7, […]

  • A Nice Warmup for the SEC on Herbalife

    News on Herbalife (NYSE:HLF): 5:25PM Herbalife in its 10Q discloses SEC has issued a formal investigation (HLF) 39.35 +0.65 : The co says “on September 20, 2007, the Company was orally advised by the Los Angeles Regional Office of the […]