Mannatech Income Averages

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Mannatech offers health and nutrition products, with the primary product being Ambrotose (essentially a sugar pill, or fancy name “glyconutrients”). Independent biologists have said that Ambrotose is useless. Mannatech has been plagued for years by distributors making medical claims, suggesting Ambrotose cures all sorts of diseases such as lupus, autism, cancer, and more. Mannatech Income…

MLM Scheme, Mannatech, Pays Millions to Victims for Making False Claims of Cures and Health Benefits

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News from Pyramid Scheme Alert: Mannatech, a long time MLM company, member of the Direct Selling Association and publicly traded on the New York Stock Exchange, has agreed to pay millions of dollars to consumers who were deceived by its false health claims about its products. The state of Texas, where the scheme is based,…

Mannatech Receives Wells Notice From SEC

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In July of last year, the Attorney General of Texas filed a lawsuit against  multi-level marketing company Mannatech (NASDAQ:MTEX), alleging the company used illegal sales and marketing practices. Then in August, the company’s CEO, Sam Caster, stepped down. Although he resigned as CEO, he stayed on as chairman of the board. In October, Grant Thornton,…

Mannatech Fires Auditors Grant Thornton

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Mannatech Inc. fired its auditors, Grant Thornton, after refusing to comply with GT’s demand that Sam Caster be removed from all duties. Caster is the founder of Mannatech and the current chairman of the board. He resigned as CEO two months ago after Texas started legal proceedings against the company for making illegal health claims…

Mannatech CEO Quits to Devote More Time to Mannatech

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Okay, I admit it. That headline comes straight from Zac Bissonette at Bloggingstocks. I couldn’t help it though. It’s just so…. so…. right. In July, the Texas Attorney General filed suit against Mannatech to stop the company from using illegal sales and marketing practices. The suit says that company associates have claimed the products cured,…

Legal Inaction Against Mannatech?

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The Texas Attorney General doesn’t want to talk about why his office hasn’t taken legal action against multi-level marketing company Mannatech. His office was informed on October 5 by the Department of State Health Services that Mannatech is a threat to public health and safety. Mannatech was recently featured on ABC’s news program 20/20. The…

Defending Mannatech’s Sugar Pills

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Last night, a poor, lost soul posted a comment on my post about the 20/20 expose on multi-level marketing company Mannatech. She’s posted her own lengthy analysis of the company at http://glycofamily.blogspot.com/2007/06/long-entry-about-mannatech-and-response.html. Sadly, she buys into all the hype and false logic that MLMs are so fond of repeating.