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scheme to defraud 36 victims in multiple states of about $ 10.4 million and for using the funds for personal gain. Shaklee immediately suspended distributor payments to
Cranney estimated at $ 45,000 per month. Several victims sued Cranney to recover damages and he sought federal bankruptcy protection
401:
In 2012, New
England distributor John "Jack" William Cranney was charged with leveraging the reputation of his 45-year affiliation with Shaklee to solicit financial investments from other Shaklee distributors, his family and his friends, beginning in 2002. In July 2012, the Massachusetts Securities
357:
During the next few weeks, Jacobs increased his stake in
Shaklee, however, Shaklee Corporation then announced it was being acquired by Yamanouchi Pharmaceutical for $ 28 a share in cash, or about $ 395 million. Yamanouchi's partnership with Shaklee in Japan helped make the transaction possible, and
392:
order, Shaklee agreed to cease the marketing of its product "Instant
Protein" as appropriate for infants, and to cease misrepresentation of the amount of protein in "Instant Protein." Shaklee was further sanctioned by the FTC in 1976 for "requiring, coercing, threatening, or otherwise exerting
1013:
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professional cycling team managed by Frank
Scioscia. In its final year of existence (2000), Team Shaklee was the top-ranked UCI tier III team in the world and included United States Olympic Team members
346:. The Jacobs group had been aggressively accumulating Shaklee shares, and disclosed it currently held a 14.98 percent stake in the San Francisco-based company. Shaklee immediately declared a special
407:
for his home, valued at $ 3 million. Cranney lost the battle for his home and the proceeds from the sale were used to satisfy the claims of some of his alleged victims. In
September 2014, the
362:
in helping
Shaklee fend off the hostile takeover bid by Jacobs. Jacobs announced he would not challenge the Yamanouchi bid and the deal with Yamanouchi was quickly finalized, making Shaklee a
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354:—a way to discourage takeover interest in Shaklee, although the company disputed that view. Shaklee's anti-takeover provisions came into play when an investor reached 15 percent.
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shuttle program, Shaklee provided NASA with a customized version of its rehydration beverage, Performance, under the name
Astroade for use by Shuttle astronauts.
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369:
In April 2004, Yamanouchi sold
Shaklee Corporation to American multi-millionaire Roger Barnett, managing partner of Activated Holdings LLC and a member of the
1950:
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Shaklee promotes itself as a company committed to being green. In 2022, Shaklee announced the introduction of its clean, anti-aging body care collection.
815:
1940:
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841:
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distributor of natural nutrition supplements, weight-management products, beauty products, and household products. The company is based in
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448:, Adam Laurent, and Kent Bostick. There is no information listed as to whether or not the team members actually used Shaklee products.
324:
for $ 350 million, while maintaining its licensing agreement and continuing to collect royalty payments from the
Japanese operations.
366:. In the spring of 2000, the company relocated its headquarters from downtown San Francisco to a new complex in suburban Pleasanton.
1965:
1413:
1067:
608:
984:"IN THE MATTER OF SHAKLEE CORPORATION CO:-SENT ORDER, ETC., IN REGARD TO ALLEGED VIOLATION OF THE FEDERAL TRADE COMMISSION ACT"
634:
954:"In the matter of Shaklee Corporation consent order, etc. in regard to alleged violation of the Federal Trade Commission Act"
1960:
304:. In 1982, Shaklee became a Fortune 500 Company. The corporation began to diversify in November 1986 when it purchased the
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925:"Shaklee is on Top 20 Retail Partner List with the US Environmental Protection Agency's (EPA) Green Power Partnership"
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63:
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known also by his nickname "Irv the Liquidator". Analysts placed the leveraged buyout value of Shaklee at $ 35 a
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for $ 123 million. In February 1989, Shaklee sold its 78 percent interest in Shaklee Japan to the
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1098:"Belmont businessman pressed on funds in court: Jack Cranney says FBI seized records of losses"
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257:" in 1915. In 1956, Shaklee founded the Shaklee Corporation with his two sons to manufacture
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1296:"Drink Composition and CycleErgometer Endurance in Men: Carbohydrate, Na+, Osmolality"
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1218:"Hypervolemia in Men from Drinking Hyperhydration Fluids at Rest and During Exercise"
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1270:"Fluid-Loading Solutions and Plasma Volume: Astro-Ade and Salt Tablets With Water"
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business model to market their product. Starting in 1956, Shaklee began marketing
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It may require cleanup to comply with Knowledge's content policies, particularly
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pressure" on its distributors to maintain or advertise suggested retail prices.
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292:. In 1980, the firm relocated its headquarters from an office complex on the
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United States Bankruptcy Court District Of Massachusetts Eastern Division.
445:
238:
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45:
1244:"Hypervolemia from Drinking Hyperhydration Solutions at Rest and Exercise"
1177:"Former Belmont Resident Charged With $ 6 Million Investment Fraud Scheme"
1175:
Department of Justice, U.S. Attorney's Office, District of Massachusetts.
1909:
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1068:"Motion of United States Trustee To Convert Chapter 11 Case To Chapter 7"
373:, for $ 310 million. Bear Creek and the Harry and David line was sold to
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511:(1 ed.). New York City, NY: Barnes & Noble Books. p. 22.
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From 1988 to 2000, Shaklee was the title sponsor of an American-based
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842:"Wasserstein Haunts Harry & David in Buyout Doomed to Bankruptcy"
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Division charged Cranney with implementing a financial investment
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1124:"Prominent Shaklee Distributor Accused of Operating Ponzi Scheme"
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1361:"James Whittam, 49, President And Chief of Shaklee Companies"
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856:"Shaklee U.S. leads the way on global climate change issue"
462:
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816:"Japanese Drug Company To Sell 4 Units, Including Shaklee"
198:
1039:"John William Cranney: Notice of Adjudicatory Proceeding"
1014:"Friends fight to recover money from Belmont businessman"
396:
33:
A major contributor to this article appears to have a
1956:
Nutritional supplement companies of the United States
981:
951:
1400:
1151:"Ex-Belmont businessman arrested on fraud charges"
791:"History of Shaklee Corporation – FundingUniverse"
911:"Shaklee wins 2009 Business Environmental Awards"
1932:
897:"Shaklee wins 2009 Green Power Leadership Award"
217:, Florida with operations in several countries.
1351:"Eco-Socialites Make Cleaning Green a Priority"
879:"Eco-Socialites Make Cleaning Green a Priority"
844:. Bloomberg Markets Magazine. October 11, 2011.
327:In March 1989, Shaklee Corporation received an
190:Nutrition, Weight management, Beauty, Household
1386:
1130:. The Skeptical Guide to Multilevel Marketing
461:Beginning in 1993 and through the end of the
1951:Privately held companies based in California
1815:European Grouping of Marketing Professionals
1267:
1241:
581:"2022-2023 Shaklee Incentive Booklet (U.S.)"
280:Expansion, divestiture, changes of ownership
1393:
1379:
533:"Dr. Forrest Shaklee; Founded Corporation"
93:
84:
1941:Companies based in Pleasanton, California
1595:Juice Plus AKA National Safety Associates
1268:Fortney, PhD, Suzanne M. (January 1994).
662:"Shaklee Gets Takeover Offer From Jacobs"
64:Learn how and when to remove this message
16:Multi-level marketing vitamin distributor
1242:Whittam, PhD, James H. (April 3, 1995).
316:Fruit-of-the-Month Club operation, from
288:in the late 1970s and was listed on the
739:"Jacobs Cuts Stake in Shaklee to 10.5%"
1933:
712:Fisher, Lawrence M. (March 15, 1989).
711:
659:
397:Controversy about Shaklee Distributors
1374:
1203:"Shaklee Achievements and Milestones"
1183:. United States Department of Justice
876:
660:Fisher, Lawrence M. (March 4, 1989).
506:
1946:Retail companies established in 1915
1293:
1215:
561:. First Class MLM. November 11, 2007
415:and charged him with four counts of
18:
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687:"Jacobs Increases Stake in Shaklee"
13:
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1977:
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877:Ferla, Ruth La (April 22, 2007).
714:"Japan Drug Maker to Buy Shaklee"
679:
653:
627:
609:"Shaklee to Buy RJR Nabisco Unit"
601:
573:
551:
525:
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322:Yamanouchi Pharmaceutical Company
939:"Shaklee wins 2008 Stevie Award"
635:"Shaklee to Sell Japanese Stake"
329:unsolicited acquisition proposal
209:is an American manufacturer and
44:. Please discuss further on the
23:
1966:Multi-level marketing companies
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1044:. Commonwealth of Massachusetts
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253:in the United States labeled "
1:
1294:Wong, L. G. (December 1994).
1216:Wong, L. G. (December 1994).
468:
375:Wasserstein Perella & Co.
298:a state-of-the-art skyscraper
1500:Discount Home Shoppers' Club
1490:Crowd Sourcing International
1077:. Government Printing Office
451:
300:in downtown San Francisco's
255:Shaklee's Vitalized Minerals
7:
1961:1915 establishments in Iowa
1840:International Heritage Inc.
350:of $ 20 a share, seen as a
312:company best known for its
241:based in his home state of
225:
10:
1982:
1900:United Sciences of America
1744:Nature's Sunshine Products
1520:Fuel Freedom International
982:Federal Trade Commission.
952:Federal Trade Commission.
284:Shaklee Corporation was a
220:
1830:Fortune Hi-Tech Marketing
1782:
1713:
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507:Shook, Robert L. (1982).
487:Shaklee Headquarters, USA
194:
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83:
390:Federal Trade Commission
388:In 1974, in response to
1734:LifeVantage Corporation
1550:The Longaberger Company
1510:Forever Living Products
795:www.fundinguniverse.com
456:
290:New York Stock Exchange
286:publicly traded company
259:nutritional supplements
99:Former Headquarters in
1660:Southwestern Advantage
423:, and three counts of
364:privately held company
306:Bear Creek Corporation
179:(former Vice Chairman)
101:Pleasanton, California
1850:Koscot Interplanetary
1800:Black Oxygen Organics
1764:Usana Health Sciences
1700:World Financial Group
1465:Arbonne International
1402:Multi-level marketing
358:cast Yamanouchi as a
263:multi-level marketing
211:multi-level marketing
128:Multi-level marketing
42:neutral point of view
1825:Excel Communications
1820:European Home Retail
1605:North American Power
1600:Neal's Yard Remedies
1321:"Shaklee Milestones"
765:"Shaklee Offer Done"
559:"The History of MLM"
411:arrested Cranney in
331:from a group led by
261:. Shaklee chose the
249:, created the first
171:(Chairman & CEO)
1749:Nu Skin Enterprises
693:. February 25, 1989
539:. December 17, 1985
377:for $ 260 million.
247:Oakland, California
207:Shaklee Corporation
80:
79:Shaklee Corporation
1790:Aman Futures Group
1685:Usborne Publishing
1670:Success University
1346:Corporate web site
1122:Barrett, Stephan.
883:The New York Times
820:The New York Times
769:The New York Times
743:The New York Times
718:The New York Times
691:The New York Times
666:The New York Times
641:. February 3, 1989
639:The New York Times
615:. November 4, 1986
613:The New York Times
537:The New York Times
302:Financial District
231:Forrest C. Shaklee
145:Forrest C. Shaklee
78:
1928:
1927:
1895:The Trump Network
1875:Royal Tongan Limu
1705:YTB International
509:The Shaklee Story
274:cleaning products
204:
203:
74:
73:
66:
37:with its subject.
1973:
1690:Vector Marketing
1585:Modi Enterprises
1395:
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1371:
1357:, April 22, 2007
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771:. April 18, 1989
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745:. March 15, 1989
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425:money laundering
310:direct marketing
97:
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81:
77:
69:
62:
58:
55:
49:
35:close connection
27:
26:
19:
1981:
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1976:
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1885:Sunshine Empire
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1205:. Shaklee, Inc.
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941:. Shaklee, Inc.
937:
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927:. Shaklee, Inc.
923:
922:
918:
913:. Shaklee, Inc.
909:
908:
904:
899:. Shaklee, Inc.
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894:
890:
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861:
859:
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853:
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823:
822:. April 3, 2004
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419:, 16 counts of
399:
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333:Irwin L. Jacobs
314:Harry and David
282:
245:, and later in
233:(1894–1985), a
228:
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199:www.shaklee.com
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1635:Rodan + Fields
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1575:Market America
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1525:Grupo Omnilife
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1475:BioPerformance
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1419:Direct selling
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1365:New York Times
1358:
1355:New York Times
1348:
1341:
1340:External links
1338:
1335:
1334:
1323:. Shaklee, Inc
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858:. Shaklee, Inc
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413:El Paso, Texas
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371:Wolfson family
360:"white knight"
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1870:Nouveau Riche
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1835:Holiday Magic
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1739:Morinda, Inc.
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