Acquisition by Usana Health Sciences gets them into China (legally, this time)
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...
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Another reason why more anti-SLAPP legislation is needed
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...
[Continue reading: Another reason why more anti-SLAPP legislation is needed]
MonaVie lawyers are again threatening critics
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...
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Pyramid Schemes & MLM
Acquisition by Usana Health Sciences gets them into China (legally, this time)
A few years ago, I was involved in an investigation of multi-level marketing company...
Another reason why more anti-SLAPP legislation is needed
Medifast General Counsel Michael Tanczyn, Esq. at the deposition of Sam Antar. (click...
MonaVie lawyers are again threatening critics
These stories never get old. People criticize multi-level marketing in general, and...
Questions raised about the figures reported in USANA’s SEC filings
USANA Watchdog just posted an article this morning which questions the active associate...
Read more posts from Pyramid Schemes & MLM.
Fraud News
Prosecutors expand use of ID theft laws
by Jack Zemlicka Wisconsin Law Journal With the explosion in social networking and...
The following press release from Citizens for Responsible Government explains how...
Correlation between forclosure figures and minority status?
Let me start out this post by saying that I don’t like it when anyone is taken...
Rich Dad Education: Buyer beware
Robert Kiyosaki is a best-selling author, but his advice is controversial. I’ve...
Read more posts from Fraud News.
Auditing & Regulations
The latest news in the Koss Corporation fraud committed by ex-VP of Finance Sue Sachdeva...
Guest Post by Ronald Kral, MBA, CPA, CMA Managing Partner of Candela Solutions...
VIDEO: World of forensic accounting unveils how companies are cheated out of millions The...
Medifast changes auditors: Was Barry Minkow right when he criticized former auditors?
Last week, Medifast Inc. (NYSE:MED) announced that it changed auditing firms. The...
Read more posts from Auditing & Regulations.
Work & Writing
Last weekend I took part in an amazing celebration at my alma mater, Marquette University....
Why solos and small firms shouldn’t “partner” with larger CPA firms on projects
A couple of weeks ago I had an email exchange that exemplified why solo practitioners...
World of forensic accounting unveils how companies are cheated out of millions
Brad Hicks at Fox6 did a bang-up job of showing the world the job of a forensic accountant:...
Marquette University Alumni National Awards
I am being presented with one of the Marquette University Alumni National Awards...
Read more posts from Work & Writing.
About the Author
Tracy Coenen is a forensic accountant and fraud examiner in Chicago and Milwaukee who investigates white collar crimes, including cases of financial statement fraud, embezzlement, tax fraud, and insurance fraud. She is the author of Expert Fraud Investigation and Essentials of Corporate Fraud and more than 100 articles on fraud featured in industry publications.-
