Top news and stories from EWORLDWIRE http://www.eworldwire.com/ http://www.eworldwire.com/logos/logo40x60.gif http://www.eworldwire.com/ 40 60 (C) Copyright 2009 EWORLDWIRE Thu, 04 Feb 2010 09:30:05 -0500 http://www.eworldwire.com/pressreleases/211473The Fraud Discovery Institute (FDI) ('http://www.frauddiscovery.net') today announced the hiring of award-winning investigative journalist William Lobdell, a former Los Angeles Times reporter and editor, to be the founding editor of the iBusiness Reporting ('http://www.ibizreporting.com/'), an online news operation that will report on business corruption and fraud. [EWORLDWIRE] Wed, 03 Feb 2010 09:46:57 -0500 http://www.eworldwire.com/pressreleases/211441The Fraud Discovery Institute Inc. (FDI) today released evidence of an outstanding $88,000.00 state corporate tax lien leveled against Lennar Corporation (NYSE:LEN) in the very state it conducts business - Florida. Meanwhile and simultaneously Lennar awaits a federal $320 million tax refund. Lennar closed its Nov. 30 quarter with what appeared to be profit for the first time since early 2007. [EWORLDWIRE] Thu, 14 Jan 2010 09:14:36 -0500 http://www.eworldwire.com/pressreleases/211433The Fraud Discovery Institute Inc. (FDI) today released a new, updated report on Medifast Inc. (NYSE:MED). The report reveals that the company derives almost two-thirds of its revenue from its multi-level marketing company, making competitors with companies like Mannatech, Amway and PrePaid Legal Inc. and not Weight Watchers, Jenny Craig or NutriSystem as Wall Street analysts assert. [EWORLDWIRE] Fri, 08 Jan 2010 08:59:55 -0500 http://www.eworldwire.com/pressreleases/211432In Medifast Inc.'s (NYSE:MED) latest 10-Q released on Nov. 9, 2009, the company makes the following assertion: "An Independent Committee of the Board of Directors of Medifast was constituted to review the public allegations of a third-party 'Convicted Felon' on his website. The Independent Committee of the Board of Directors of Medifast Inc. [EWORLDWIRE] Fri, 08 Jan 2010 08:59:41 -0500 http://www.eworldwire.com/pressreleases/211402"InterOil Corporation appears to selectively exclude certain press releases from regulatory disclosure," said Barry Minkow, co-founder of the Fraud Discovery Institute Inc. [EWORLDWIRE] Wed, 16 Dec 2009 15:56:11 -0500 http://www.eworldwire.com/pressreleases/211396In the past three months, the stock price of InterOil (NYSE:IOC) has gone from $30.40 to $70.55 per share. Fraud Discovery Institute's Co-founder Barry Minkow asks, "What is responsible for this incredible 132% increase in price? Certainly not the company's financial performance. As of the end of the third quarter of 2009, revenue is down 31% from the prior year. EBITDA is down 15% and net income is down 11%. [EWORLDWIRE] Mon, 14 Dec 2009 15:07:44 -0500 http://www.eworldwire.com/pressreleases/211267The fall of 2009 started out well for the Fraud Discovery Institute Inc. (FDI) as first - just two weeks ago - Canadian authorities arrested Milowe Brost for allegedly perpetrating a $400 million Ponzi scheme. The involvement of Brost and his involvement in the targeting of NFL players was, according to Canadian media, unearthed in part by Barry Minkow and the Fraud Discovery Institute whose investigation of the scam goes as far back as 2005. [EWORLDWIRE] Wed, 07 Oct 2009 08:29:19 -0400 http://www.eworldwire.com/pressreleases/211261Pre-Paid Legal Services Inc. (PPD) (NYSE:PPD) third-quarter numbers reveal 85 percent of PPD's sales force quits or fails to make even one sale annually; 2 percent of the sales force makes 10 or more sales annually, reports Fraud Discovery Institute Inc. (FDI). [EWORLDWIRE] Fri, 02 Oct 2009 09:12:33 -0400 http://www.eworldwire.com/pressreleases/211170According to a report commissioned by the Fraud Discovery Institute Inc. (FDI), the repeated claims of InterOil Corporation (NYSE:IOC) that it has discovered "sufficient gas reserves to underpin its proposed liquefied natural gas project in Papua New Guinea" are far from accurate. [EWORLDWIRE] Thu, 13 Aug 2009 08:55:38 -0400 http://www.eworldwire.com/pressreleases/211163While running the software program designed to authenticate the educational degree claims made by officers of public companies, the Fraud Discovery Institute Inc. (FDI) made the discovery that Terrell Herring, president and COO of New Jersey-based inVentiv Health Inc. (Nasdaq: VTIV), claims to have an M.B.A. from Pacific Western University, a well-known "diploma mill" that ceased to exist by that name in 2007. [EWORLDWIRE] Mon, 10 Aug 2009 08:58:29 -0400 http://www.eworldwire.com/pressreleases/19655Pre-Paid Legal Services Inc.'s (NYSE:PPD) "Pyramid in Collapse" status - as characterized by nationally recognized and internationally known expert Robert Fitzpatrick - is re-confirmed in second quarter of 2009 figures, affirms Fraud Discovery Institute (FDI). Since 2007, Fitzpatrick has characterized the current business cycle of Pre-Paid Legal Services Inc. (NYSE:PPD) based on published data, as "pyramid in collapse. [EWORLDWIRE] Thu, 02 Jul 2009 08:05:48 -0400 http://www.eworldwire.com/pressreleases/19646Barry Minkow, the co-founder of the Fraud Discovery Institute Inc. (FDI), believes that recent revelations by news wire agency Dow Jones - regarding the alleged material misrepresentation and nondisclosure by InterOil Corp. [EWORLDWIRE] Fri, 26 Jun 2009 08:03:34 -0400 http://www.eworldwire.com/pressreleases/19645The Fraud Discovery Institute Inc. (FDI) has just released a detailed summary of InterOil Corp's (NYSE: IOC) history of stock offerings and stock hype. According to Barry Minkow, co-founder of the Fraud Discovery Institute Inc. and long-time teacher of continuing education (CPE) to Certified Public Accountants, InterOil Corp. is "a classic case of a Ponzi scheme that utilizes the fraud technique of drawing big conclusions from little evidence. [EWORLDWIRE] Fri, 26 Jun 2009 08:02:47 -0400 http://www.eworldwire.com/pressreleases/19613The conclusion of a six-week investigation conducted by the Fraud Discovery Institute Inc. (FDI) indicates the Medifast Inc. (NYSE:MED) independent auditor is moonlighting as the company's stock promoter to investor clients. The Fraud Discovery Institute Inc. today released several documents ('http://www.frauddiscovery. [EWORLDWIRE] Tue, 09 Jun 2009 09:03:28 -0400 http://www.eworldwire.com/pressreleases/19573The Fraud Discovery Institute Inc. (FDI) ('http://www.frauddiscovery.net') today released a lawsuit filed in San Diego Superior Court that documents a well-orchestrated attempt by Lennar Corporation (NYSE:LEN) and its senior management to avoid the upcoming trial dealing with the company's joint venture development, The Bridges. [EWORLDWIRE] Wed, 27 May 2009 09:02:04 -0400 http://www.eworldwire.com/pressreleases/19568In a surprise move, the company known for its outspoken criticism of the direct selling industry, the Fraud Discovery Institute Inc. (FDI) ('http://www.frauddiscovery.net') today released a report portraying direct seller Avon Products Inc. in a positive light . To prove that Medifast Inc. (NYSE:MED) is a "scheme pyramid" business opportunity - as evidenced by its record-breaking first quarter earnings in the middle of a recession, the Fraud Discovery Institute Inc. [EWORLDWIRE] Thu, 21 May 2009 09:00:01 -0400 http://www.eworldwire.com/pressreleases/19556The Fraud Discovery Institute Inc. (FDI) ('http://www.frauddiscovery.net') launched a new Web site today at InterNOOil.com ('http://www.interNOoil.com') dedicated to the results of a several month undercover investigation of InterOil Corporation (IOC) (NYSE:IOC). The first release of information, with more to follow, contained an undercover, in-person meeting between a licensed private investigator operative and the Vice President of Investor Relations at InterOil Corporation, Mr. [EWORLDWIRE] Fri, 15 May 2009 08:58:31 -0400 http://www.eworldwire.com/pressreleases/19551The Fraud Discovery Institute Inc. (FDI) ('http://www.frauddiscovery.net'), an investigative company that has had past success in uncovering concealed overseas banking relationships of executives in publicly traded companies, today released the results of an investigation into Lennar Corporation (NYSE:LEN) and its CEO Stuart Alan Miller and COO Jon M. Jaffe. "With the U.S. [EWORLDWIRE] Wed, 13 May 2009 09:00:48 -0400 http://www.eworldwire.com/pressreleases/19523Pre-Paid Legal Services Inc. (PPD) (NYSE:PPD) is crumbling under the weight of its own untenable business model and continues its "Trend of Collapse" as detailed by expert Robert Fitzpatrick in his analysis of PPD's first quarter earnings report, available in its entirety from the Fraud Discovery Institute Inc. (FDI) at PonziPlusPyramidEqualsPrepaid.com ('http://www.ponzipluspyramidequalsprepaid.com') . [EWORLDWIRE] Thu, 23 Apr 2009 10:03:31 -0400 http://www.eworldwire.com/pressreleases/19458The Fraud Discovery Institute Inc. (FDI) released a new Web site highlighting multiple red flags for fraud that currently exist at Speedway Motorsports Inc. (NYSE:TRK) ('http://www.speedscammotorsports.com'). [EWORLDWIRE] Tue, 31 Mar 2009 09:13:29 -0400 http://www.eworldwire.com/pressreleases/19422The Fraud Discovery Institute Inc. (FDI) ('http://www.frauddiscovery.net') released information on Thursday ('http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a1GmhbDW2Ikg') that confirmed that Mark W. Jackson, president of EchoStar Corporation (NASDAQ: SATS), did not receive a degree from Texas Tech University as stated on both the company's Web site and the Web site of DISH Network Corporation (NASDAQ: DISH). [EWORLDWIRE] Fri, 06 Mar 2009 12:03:21 -0500 http://www.eworldwire.com/pressreleases/19411The Fraud Discovery Institute ('http://www.frauddiscovery.net') today released a new Top 10 Red Flags for Fraud list exposing multiple alleged misrepresentations at service based multi-level marketer, Pre-Paid Legal Services Inc. (NYSE:PPD) (PPD). The findings came directly from the company's recently released annual report and were summarized by expert Robert Fitzpatrick in the below chart and summary. [EWORLDWIRE] Mon, 02 Mar 2009 09:45:57 -0500 http://www.eworldwire.com/pressreleases/19400James H. Simons of Renaissance Technologies LLC, which owns seven percent of all outstanding Pre-Paid Legal Services Inc. (NYSE:PPD) shares as of Dec. 31, 2008, is profiled today by the Wall Street Journal as recommending Bernie Madoff to StonyBrook College ('http://online.wsj.com/article/SB123553339326867241.html?mod=testMod'). An article released today by the Wall Street Journal details how James H. Simons advised New York University at Stony Brook to invest with Bernard Madoff. [EWORLDWIRE] Wed, 25 Feb 2009 12:53:50 -0500 http://www.eworldwire.com/pressreleases/19397The Fraud Discovery Institute Inc. (FDI) has just released statistics revealing that over 70 percent of vested associates of the Pre-Paid Legal Services Inc. (NYSE:PPD) business opportunity never sold a single Pre-Paid Legal Services plan dating from 2001 to 2007 - the filing of the company's latest 10-K. Equally as troubling is the fact that 95 percent of all Pre-Paid Legal Services vested associates trying to establish a business never sold more than 10 memberships. [EWORLDWIRE] Wed, 25 Feb 2009 09:42:34 -0500 http://www.eworldwire.com/pressreleases/19391The Fraud Discovery Institute Inc. (FDI) launched PonziPlusPyramidEqualsPrepaid ('http://www.ponzipluspyramidequalsprepaid.com'), a Web site containing the results of a multi-month investigation of Pre-Paid Legal Services Inc. (NYSE:PPD), a New York Stock Exchange, publicly traded company. The just-released Web site also contains a report by expert Robert FitzPatrick, nationally recognized by both law enforcement and the private sector, where he concludes: "Pre-Paid Legal Services Inc. [EWORLDWIRE] Mon, 23 Feb 2009 10:34:45 -0500 http://www.eworldwire.com/pressreleases/19387The Fraud Discovery Institute Inc. released late this afternoon a new 16-page report completed by Wall Street analyst Reggie Middleton. Mr. Middleton was the analyst who predicted in 2007 that Lennar Corporation (NYSE:LEN) was in serious financial trouble because of the way the company handled its off-balance sheet transactions. The Fraud Discovery Institute Inc. retained Mr. Middleton to update his original research through February of 2009. [EWORLDWIRE] Thu, 19 Feb 2009 23:23:48 -0500 http://www.eworldwire.com/pressreleases/19379The Fraud Discovery Institute Inc. (FDI) has just released a rebuttal to the Medifast Inc. (NYSE:MED) press release whereby the company claims that less than one percent of its commissions from 2008 is related to recruiting and none of that revenue is paid out to coaches as part of their compensation. Expert Robert FitzPatrick notes that: "This statement is yet another example of Medifast's policy of diversion and concealment concerning its endless chain pay scheme. [EWORLDWIRE] Wed, 18 Feb 2009 09:08:20 -0500 http://www.eworldwire.com/pressreleases/19372The Fraud Discovery Institute Inc. has launched MediFraud.net ('http://www.medifraud.net'), a Web site containing the results of a six-month investigation into Medifast Inc. (NYSE: MED), a New York Stock Exchange, publicly traded company. The site contains a 29-page report by expert Robert FitzPatrick that concludes: "Medifast, in fact, offers a misleadingly promoted income scheme that cannot possibly fulfill this promise. [EWORLDWIRE] Tue, 17 Feb 2009 09:49:10 -0500 http://www.eworldwire.com/pressreleases/19364The Fraud Discovery Institute Inc. has just posted on its Web site - 'http://www.frauddiscovery.net' - the two official documents from University of Colorado and Loyola College registrars' office which establish beyond any doubt that President and Chief Operating Officer Patrick Avery lied in SEC filings when he stated that he had three earned degrees when, in reality, he only had one degree. The official documents from the schools were posted today. [EWORLDWIRE] Wed, 11 Feb 2009 15:58:48 -0500 http://www.eworldwire.com/pressreleases/19357Chris McConnell, principal of Chris McConnell&Associates, indicates that disclosure may be lurking at Lennar Corp (LEN) (NYSE:LEN) and has arranged with the Fraud Discovery Institute Inc. to evaluate the company for breach of fiduciary duty (BFD). McConnell has identified a case study in the making that continues to move his investigation and analysis of current issues involving breach of fiduciary duty (BFD) forward. [EWORLDWIRE] Wed, 04 Feb 2009 14:41:46 -0500 http://www.eworldwire.com/pressreleases/19346Michael Boyd, long-time consumer advocate and president of CAlifornians for Renewable Energy Inc. (CARE), today announced that his non-profit organization has teamed up with the Fraud Discovery Institute Inc. (FDI) in an attempt to join forces in a fight for justice through a civil racketeering action being contemplated by the two organizations. "We have parallel interests," said Boyd, whose organization is currently in the U.S. [EWORLDWIRE] Fri, 30 Jan 2009 09:02:39 -0500 http://www.eworldwire.com/pressreleases/19338Just 48 hours after Lennar Corporation (NYSE:LEN) officially released its annual report, the Fraud Discovery Institute Inc. (FDI) used that report to corroborate 40 percent of its initial findings on the company. These findings were first cited in the report, "Top 10 Red Flags for Fraud at Lennar Corporation," and corroborated in part by the Lennar 10-K filing with the Securities and Exchange Commission. These findings were released this morning on the Lenn-ron.com ('http://www.lenn-ron. [EWORLDWIRE] Thu, 29 Jan 2009 09:05:41 -0500 http://www.eworldwire.com/pressreleases/19315The Fraud Discovery Institute Inc. (FDI) today released the beginning of its official rebuttal to the Lennar Corporation's (NYSE:LEN) responses to FDI's initial "Top 10 Red Flags For Fraud." A new YouTube video corroborated by multiple documents - including a certified appraisal review - debunks Lennar Corporation's assertions on four key issues: 1. [EWORLDWIRE] Fri, 23 Jan 2009 09:45:00 -0500 http://www.eworldwire.com/pressreleases/19286The Fraud Discovery Institute Inc. (FDI) has released yet another Lennar Corporation (NYSE:LEN) Web site, LIE-NNAR.com ('http://www.LIE-NNAR.com'), containing five new allegations of fraud and misrepresentation. The allegations begin with the FDIC court-appointed receiver's fraud allegations related to UAMC, Lennar's lending subsidiary. [EWORLDWIRE] Tue, 13 Jan 2009 09:03:30 -0500 http://www.eworldwire.com/pressreleases/19282The Fraud Discovery Institute Inc. (FDI) today released transcripts and documents that it affirms demonstrate that Lennar Corporation (NYSE:LEN) (LNR) CEO Stuart Miller was not being particularly candid in a Friday, Jan. 9, 2009, live interview on CNBC. The question came as the result of the Fraud Discovery Institute Inc. revealing in its recently released Top 10 Red Flags for Fraud at Lennar Corporation that the company boasted on Dec. [EWORLDWIRE] Mon, 12 Jan 2009 09:03:14 -0500 http://www.eworldwire.com/pressreleases/19274The Fraud Discovery Institute Inc. (FDI) today released the Top 10 Red Flags for Fraud at Lennar Corporation (NYSE:LEN), the country's second largest homebuilder. Through the release of a 30-page report, a YouTube video, and a Web site with a catchy URL Lenn-ron.com ('http://www.Lenn-ron.com'), the consumer advocate group is drawing attention to multiple alleged fraudulent activities that have become a pattern of behavior. [EWORLDWIRE] Fri, 09 Jan 2009 09:01:00 -0500 http://www.eworldwire.com/pressreleases/19145The Fraud Discovery Institute Inc. (FDI) has launched an investigation into Trimble Navigation (NASDAQ: TRMB) as a result of the company's refusal to acknowledge a clear resume misrepresentation recently reported in the Wall Street Journal ('http://online.wsj.com/article/SB122652836844922165.html?mod=wsjcrmain'). [EWORLDWIRE] Mon, 17 Nov 2008 08:00:26 -0500 http://www.eworldwire.com/pressreleases/18853The Fraud Discovery Institute ('http://www.frauddiscovery.net') today released a first-ever 'Top 10 Red Flags for Fraud' list exposing multiple alleged misrepresentations at service-based, multi-level marketer, Pre-Paid Legal Inc. (NYSE:PPD). "Our goal with this 'Top 10' list was to show the striking similarity between Pre-Paid Legal's recent second quarter earnings release and an iceberg," said Barry Minkow, co-founder of the Fraud Discovery Institute. [EWORLDWIRE] Tue, 12 Aug 2008 09:00:39 -0400 http://www.eworldwire.com/pressreleases/18660In newly released lab results by Fraud Discovery Institute (FDI) from one of the nation's largest labs with a presence in over 30 countries, both Usana Health Sciences (NASDAQ: USNA) and Herbalife (NYSE: HLF) have lead levels that are over 1000 times the lead allowed under California law when taken as directed daily. The new results also revealed that the average lead content for non-multi level marketing health drinks averaged 0. [EWORLDWIRE] Fri, 20 Jun 2008 08:56:18 -0400 http://www.eworldwire.com/pressreleases/18622In response to an abrupt, Sunday afternoon press release from Herbalife Ltd. (NYSE: HLF) in which the company proclaimed to the world that two independent labs confirmed that Herbalife is not in violation of California Proposition 65, the Fraud Discovery Institute Inc. (FDI) immediately engaged an international, publicly traded lab to once again test Herbalife's popular, Shapeworks Formula 1, nutritional shake mix (Lot Number 607738SOO). [EWORLDWIRE] Tue, 10 Jun 2008 09:05:52 -0400 http://www.eworldwire.com/pressreleases/18615The Fraud Discovery Institute Inc. (FDI) used two FDA registered, independent labs to perform lead level tests on six Herbalife products reported in several published peer review medical journals about numerous cases of liver toxicity associated with the use of Herbalife (NYSE: HLF) products. These test results showed levels of lead in products that, if taken as directed, expose ingestors to levels of lead that violate Prop 65. [EWORLDWIRE] Mon, 09 Jun 2008 09:48:46 -0400 http://www.eworldwire.com/pressreleases/18594On May 29, 2008, the Fraud Discovery Institute Inc. (FDI) ('http://www.frauddiscovery.net') learned that Nu Skin's (NYSE: NUS) Nu Colour Replenishing Lipstick Amber Spice contained 1.12 ppm of lead in the tested sample. To establish an objective baseline as to just what constitutes a high level of lead in lipstick, FDI compared the test results with those performed by Safecosmetics.org ('http://www.safecosmetics.org'). Safe Cosmetics. [EWORLDWIRE] Wed, 04 Jun 2008 12:18:15 -0400 http://www.eworldwire.com/pressreleases/18592The Fraud Discovery Institute (FDI) posted a word-for-word transcription now available on its Web site ('http://www.frauddiscovery.net') of a television news interview that recently aired in the country of Peru ('http://www.dailymotion.com/video/x5lxzd_la-ventana-indiscreta_school') in which a government official appears to be leaning towards a ban of all Herbalife (NYSE: HLF) products in that country. [EWORLDWIRE] Wed, 04 Jun 2008 11:09:44 -0400 http://www.eworldwire.com/pressreleases/18581The Fraud Discovery Institute Inc. (FDI) challenged the statement made by Herbalife (NYSE:HLF) CEO Michael Johnson from a May 20, 2008, investors' conference that all products have lead in them by testing the lead levels in four additional, comparable products to the Herbalife two top-selling nutritional shakes. "The results even surprised us," said Barry Minkow, FDI co-founder. [EWORLDWIRE] Mon, 02 Jun 2008 09:15:10 -0400 http://www.eworldwire.com/pressreleases/18562The Fraud Discovery Institute Inc. (FDI) just released the results of new lead testing performed by an FDA registered, independent lab on Wednesday morning that revealed that the primary Herbalife (NYSE: HLF) children's product, "Vanilla Kids Shake," materially exceeds the .5 micrograms of lead content allowed under California law without a warning label. [EWORLDWIRE] Wed, 28 May 2008 13:27:09 -0400 http://www.eworldwire.com/pressreleases/18541Although Herbalife (NYSE: HLF) may dismiss potential liability and other legal ramifications from the sales of multiple products that materially exceed California's Proposition 65, their distributors may not share their apathy towards potential legal liability according to Christopher Grell, Attorney and Co-Founder of the Dietary Supplement Safety Committee. In a memo posted on the Fraud Discovery Institute (FDI) Web site ('http://www.frauddiscovery.net'), Mr. [EWORLDWIRE] Thu, 22 May 2008 08:43:02 -0400 http://www.eworldwire.com/pressreleases/18538Tests from a second FDA registered, independent lab confirm that Herbalife (NYSE: HLF) products exceed lead levels allowed by California law without proper label disclosure. "The company does not deny the accuracy of the test results but rather follows three tactics," said Barry Minkow, co-founder of the Fraud Discovery Institute. [EWORLDWIRE] Wed, 21 May 2008 08:59:01 -0400 http://www.eworldwire.com/pressreleases/18529Herbalife's (NYSE:HLF) response to independent, FDA-registered lab results presented to the public by FDI prompts attorney Christopher Grell to direct the following correspondence to the Fraud Discovery Institute (FDI): Mr. Barry Minkow Fraud Discovery Institute 9770 Carroll Center Road Suite F San Diego, California 92126 Sent Via Fax and Email Dear Mr. [EWORLDWIRE] Tue, 20 May 2008 09:12:02 -0400 http://www.eworldwire.com/pressreleases/18525The Fraud Discovery Institute (FDI) released an alert today warning of dangerously high levels of lead allegedly found in six common Herbalife products. [EWORLDWIRE] Mon, 19 May 2008 14:54:09 -0400 http://www.eworldwire.com/pressreleases/18519Levels of lead that are in excess of what the law allows under California's Safe Drinking and Toxic Environment Act of 1994, more commonly known as Prop. 65 are contained in the Herbalife (NYSE:HLF) products that were analyzed, says lawyer and dietary supplement and Prop. 65 expert Christopher Grell in a letter to the Fraud Discovery Institute (FDI) now posted on the FDI Web site ('http://www.frauddiscovery.net'). [EWORLDWIRE] Mon, 19 May 2008 09:17:11 -0400 http://www.eworldwire.com/pressreleases/18478Los ejecutivos de Herbalife (NYSE: HLF) identificaron a Venezuela como un mercado Top 10 para su compañía en su conferencia de presentación de resultados de May 2, 2008, y de hecho, se informó un crecimiento de tres dígitos en la cantidad de nuevos supervisores allí en el primer trimestre. Sin embargo, según el ex-Director de Herbalife para Venezuela y Colombia, Ricardo Hollander, no todo parece ser lo que es en Venezuela. [EWORLDWIRE] Fri, 09 May 2008 14:50:47 -0400 http://www.eworldwire.com/pressreleases/18476Herbalife (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 growth was reported there in the first quarter. However, according to former Herbalife Director of Venezuela and Columbia, Ricardo Hollander, all is not as it seems in Venezuela. According to an unsolicited written statement from Mr. [EWORLDWIRE] Fri, 09 May 2008 09:04:28 -0400 http://www.eworldwire.com/pressreleases/18458The Fraud Discovery Institute Inc. (FDI) ('http://www.frauddiscovery.net') today unveiled some of the results of a six-month undercover investigation of PrePaid Legal Inc. (PPL) (NYSE:PPD) by launching a new Web site, 'http://www.prepaidillegal.com'. The site includes a comprehensive 25-page report from nationally recognized multi-level marketing (MLM) expert Robert FitzPatrick outlining for the first time the startling fact that PrePaid Legal Inc. [EWORLDWIRE] Thu, 01 May 2008 10:25:38 -0400 http://www.eworldwire.com/pressreleases/18457In an unprecedented move, the Fraud Discovery Institute (FDI) is sending out a letter to all PrePaid Legal Inc. (NYSE: PPD) participating law firms asking them to carefully re-examine and compare what consumers rely upon and are promised when they purchase "legal insurance" versus what they will actually end up receiving in terms of legal representation in their time of need. A copy of this letter can be found on the just-launched Fraud Discovery Institute Web site, 'http://www.prepaidillegal. [EWORLDWIRE] Thu, 01 May 2008 10:24:33 -0400 http://www.eworldwire.com/pressreleases/18454The Fraud Discovery Institute Inc. (FDI) (http://www.frauddiscovery.net) today unveiled some of the results of a six-month undercover investigation of PrePaid Legal Inc. (PPL) (NYSE:PPD) by launching a new Web site, http://www.prepaidillegal.com. The site includes a comprehensive 25-page report from nationally recognized multi-level marketing (MLM) expert Robert FitzPatrick outlining for the first time the startling fact that PrePaid Legal Inc. [EWORLDWIRE] Thu, 01 May 2008 09:01:00 -0400 http://www.eworldwire.com/pressreleases/18438Moments after Herbalife President Gregory Probert admitted he lied multiple times in his resume, Fraud Discovery Institute Co-Founder Barry Minkow renewed requests for Herbalife auditor, KPMG, to resign. [EWORLDWIRE] Fri, 25 Apr 2008 08:29:47 -0400 http://www.eworldwire.com/pressreleases/18406The Fraud Discovery Institute has just issued a Top 10 Misrepresentations by Herbalife (NYSE: HLF) Senior Management, which includes a never-before revealed fact that an independent board member - who is a part of the top 1 percent of Herbalife distributors, sells lead generation lists to distributors through his line of sponsorship. [EWORLDWIRE] Wed, 16 Apr 2008 11:56:55 -0400 http://www.eworldwire.com/pressreleases/18392The Fraud Discovery Institute Inc. formally requested through two separate e-mails: one on March 4, 2008, and another on April 10, 2008, that the accounting firm of KPMG immediately resign from the Herbalife (NYSE:HLF) engagement. According to Minkow, "We have been lobbying KPMG to resign the Herbalife account beginning March 4, 2008, and then renewed the request in writing late Thursday night, April 10, 2008. [EWORLDWIRE] Fri, 11 Apr 2008 14:39:50 -0400 http://www.eworldwire.com/pressreleases/18389The Fraud Discovery Institute has just released a list of the Top Ten Red Flags of Fraud at Herbalife, LTD (NYSE: HLF) ('http://www.frauddiscovery.net') based upon experts' analysis of the company. According to Barry Minkow, "One day in the very near future Wall Street and all of its analysts will marvel that a company possessing so many red flags of fraud could be embraced so widely with the overwhelming credulity that it has." Mr. [EWORLDWIRE] Thu, 10 Apr 2008 20:14:18 -0400 http://www.eworldwire.com/pressreleases/18033The Fraud Discovery Institute (FDI) has just released an official, signature page sealed notice of interrogation from the Nanning Business Administration Department, Shuan Sheng Branch Economic Inspection which seeks to investigate the alleged multi level marketing activities of Usana Health Sciences Inc. (NASDAQ: USNA) through an alleged associate in that region. The interrogation demand also included the production of documents. [EWORLDWIRE] Mon, 07 Jan 2008 14:59:21 -0500 http://www.eworldwire.com/pressreleases/18031The Fraud Discovery Institute (FDI) has just released an official, signature page sealed notice of interrogation from the Nanning Business Administration Department, Shuan Sheng Branch Economic Inspection which seeks to investigate the alleged multi level marketing activities of Usana Health Sciences Inc. (NASDAQ: USNA) through an alleged associate in that region. The interrogation demand also included the production of documents. [EWORLDWIRE] Mon, 07 Jan 2008 10:11:16 -0500 http://www.eworldwire.com/pressreleases/18025The Fraud Discovery Institute (FDI) has just released an official, signature page sealed notice of interrogation from the Nanning Business Administration Department, "Shuan Sheng" Branch Economic Inspection which seeks to investigate the alleged multi level marketing activities of Usana Health Sciences Inc. (NASDAQ: USNA) through an alleged associate(s) in that region. [EWORLDWIRE] Fri, 04 Jan 2008 09:28:46 -0500 http://www.eworldwire.com/pressreleases/17882Fraud 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, 2007, Herbalife CEO Michael Johnson defended allegations that over 90 percent of Herbalife distributors fail by stating: "We believe that 58 percent are discount buyers, that 22 percent are small retailers and customers, and that 20 percent are potentially future supervisors. Let me repeat that - 1. [EWORLDWIRE] Thu, 15 Nov 2007 08:44:03 -0500 http://www.eworldwire.com/pressreleases/17848According to the November 5, 2007, Herbalife (NYSE:HLF) response to the Fraud Discovery Institute (FDI) report, the company states: "We have confidence in our direct-selling business model, our integrity and transparency as a NYSE-listed company and the fundamentals of our business. [EWORLDWIRE] Tue, 06 Nov 2007 09:25:42 -0500 http://www.eworldwire.com/pressreleases/17847The Fraud Discovery Institute (FDI) has just released a report corroborated by video and audio evidence indicating that Herbalife LTD (NYSE:HLF), a multi level marketing company based in Los Angeles, California, has been operating an underground multi level marketing business in China where they are only licensed to "direct sell" products. [EWORLDWIRE] Mon, 05 Nov 2007 13:27:09 -0500 http://www.eworldwire.com/pressreleases/17822On October 18, 2007, the Fraud Discovery Institute Inc. (FDI) released a report detailing the activities of Usana Health Sciences Inc. (NASDAQ: USNA) and its underground operation in China. The New York Post carried the story of an alleged 30,000 undisclosed Usana associates actively conducting multi level marketing businesses in China that impacted downlines by the false inflation of sales in the U.S. and Canada, Australia and Hong Kong. [EWORLDWIRE] Mon, 29 Oct 2007 21:39:33 -0400 http://www.eworldwire.com/pressreleases/17794圣迭戈消息－诈欺追查协会（FDI）今天公开一项它发给中国政府和联邦调查局的警报，内容记录了位于犹他州的Usana Health Sciences公司（纳斯达克代号：USNA）被指控犯下具体不当行为。 这份报导摘要说明了一项在香港、中国、美国等地所进行为期两个月的秘密调查。调查结果指出，Usana据称在中国境内从事法令禁止的多层次传销活动，Usana在中国没有从事零售业的执照，中国� [EWORLDWIRE] Mon, 22 Oct 2007 14:03:54 -0400 http://www.eworldwire.com/pressreleases/17786The Fraud Discovery Institute (FDI) today made public an alert it has issued to the Chinese government and FBI chronicling alleged material improprieties committed by Utah-based Usana Health Sciences, Inc. (NASDAQ: USNA). The report summarizes an undercover, two month-long investigation in Hong Kong, China and the USA. [EWORLDWIRE] Fri, 19 Oct 2007 12:05:58 -0400 http://www.eworldwire.com/pressreleases/17571The Fraud Discovery Institute released a letter to the FBI and the SEC late yesterday drawing attention to yet another resume blunder posted on the Usana Health Sciences Inc. (NASDAQ:USNA) official Web site. Dr. Ricardo Calderon, Md., who, according to his resume works for the Los Angeles Public Health Department and is an Adjunct Associate Professor at the Kesk School of Medicine at USC, is not a licensed physician anywhere in the United States. [EWORLDWIRE] Wed, 05 Sep 2007 13:18:08 -0400 http://www.eworldwire.com/pressreleases/17467Fraud Discovery Institute Co-Founder Barry Minkow sent a letter to Usana Health Sciences, Inc.'s (Nasdaq: USNA) CFO Gil Fuller and President Dave Wentz in response to a recent press release sent out by the company where yet another personal attack was leveled against FDI and Minkow. The letter also acknowledges that FDI and Minkow are mulling over the possibility of a civil Rico countersuit against Usana Health Sciences, Inc. [EWORLDWIRE] Mon, 13 Aug 2007 14:26:29 -0400 http://www.eworldwire.com/pressreleases/17370Lead council in the $100 million dollar widely publicized Pacific Wealth Management investor fraud case, plaintiff's attorney Richard Ackerman, directed a letter of commendation to Fraud Discovery Institute Inc. (FDI) for its role and assistance in evidence-gathering during the four years of investigation. [EWORLDWIRE] Wed, 25 Jul 2007 09:45:39 -0400 http://www.eworldwire.com/pressreleases/17258In June, 2007, the Fraud Discovery Institute (FDI) contracted industry expert Robert FitzPatrick to perform a detailed comparison between two multi level marketing companies that have caught the eye of regulators: Usana Health Sciences, Inc. (NASDAQ: USNA) and Burnlounge, Inc. FitzPatrick is internationally recognized by state and federal law enforcement agencies as well as the country of China as an unparalleled expert in multi level marketing. [EWORLDWIRE] Tue, 03 Jul 2007 09:55:08 -0400 http://www.eworldwire.com/pressreleases/17097In Part 2 of the compelling story of Steve Estes, a blind former Usana (NASDAQ: USNA) associate who lost his life savings and mortgaged his home when striving to build an Usana distributorship, Estes explains how a pattern of deception at every level contributed to the fleecing of a disabled, elderly couple. "What is striking about Part 2 of this YouTube video is the reaction of Mr. Estes' family," said Barry Minkow of Fraud Discovery Institute (FDI). [EWORLDWIRE] Thu, 31 May 2007 07:49:18 -0400 http://www.eworldwire.com/pressreleases/17081In the first of a two-part, new YouTube video release, the Fraud Discovery Institute details the story of Steve Estes, former Usana (NASDAQ: USNA) Associate (Number 2028731) from Temple, Georgia. Estes, who was born blind, became a Usana distributor in December of 2001 with hopes of attaining financial freedom and doing more than simply becoming a consumer of the company's product. [EWORLDWIRE] Fri, 25 May 2007 08:05:11 -0400 http://www.eworldwire.com/pressreleases/17042When Brian Mohr, owner of Nutrimart Nutrition - a retail vitamin store in San Diego, California - first received a letter from Usana Health Sciences Inc. (NASDAQ: USNA) demanding that he contact Barry Minkow, co-founder of the Fraud Discovery Institute (FDI), and immediately insist that Minkow remove the YouTube video which compared the prices of Nutrimart's products to the Usana Health Pak 100 (TM), he was shocked. [EWORLDWIRE] Tue, 22 May 2007 12:18:03 -0400 http://www.eworldwire.com/pressreleases/17019The Fraud Discovery Institute (FDI) has released a new video on You Tube with consumer fraud expert and Better Business Bureau Vice President Gary Almond. Almond has worked at the Better Business Bureau's largest U.S. office in Colton, California since 1992. According to the Better Business Bureau Web site in Utah where Usana Health Sciences Inc. is headquartered, the company is not a member of the Better Business Bureau ('http://www.saltlakecity.bbb.org/commonreport. [EWORLDWIRE] Wed, 16 May 2007 13:34:27 -0400