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Usana insider Gil Fuller makes over $1.2 million on recent stock sales

Mon 04 Aug 2008

Scam Busting

With the recent settlement of the lawsuit Usana Health Sciences (NASDAQ:USNA) filed against Barry Minkow and Fraud Discovery Institute, the company’s stock price got a nice little boost. And just in time for retiring CFO Gil Fuller to cash in some of his stock options for a tidy little profit of more than $1.2 million.

Like I’ve always said, the real winners in multi-level marketing are the owners and executives (who own via stock held and stock options). These guys get rich at the expense of tons of little distributors who lose hundreds or thousands of dollars “investing” in these scams.

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