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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
405:
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
361:
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
396:
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
1017:
1101:
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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
350:. 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
411:
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
366:
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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1154:
957:
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358:—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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373:
In April 2004, Yamanouchi sold
Shaklee Corporation to American multi-millionaire Roger Barnett, managing partner of Activated Holdings LLC and a member of the
1954:
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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.
819:
1944:
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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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452:, Adam Laurent, and Kent Bostick. There is no information listed as to whether or not the team members actually used Shaklee products.
328:
for $ 350 million, while maintaining its licensing agreement and continuing to collect royalty payments from the
Japanese operations.
370:. In the spring of 2000, the company relocated its headquarters from downtown San Francisco to a new complex in suburban Pleasanton.
1969:
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1071:
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988:"IN THE MATTER OF SHAKLEE CORPORATION CO:-SENT ORDER, ETC., IN REGARD TO ALLEGED VIOLATION OF THE FEDERAL TRADE COMMISSION ACT"
638:
958:"In the matter of Shaklee Corporation consent order, etc. in regard to alleged violation of the Federal Trade Commission Act"
1964:
308:. In 1982, Shaklee became a Fortune 500 Company. The corporation began to diversify in November 1986 when it purchased the
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929:"Shaklee is on Top 20 Retail Partner List with the US Environmental Protection Agency's (EPA) Green Power Partnership"
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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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1102:"Belmont businessman pressed on funds in court: Jack Cranney says FBI seized records of losses"
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261:" in 1915. In 1956, Shaklee founded the Shaklee Corporation with his two sons to manufacture
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1300:"Drink Composition and CycleErgometer Endurance in Men: Carbohydrate, Na+, Osmolality"
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1222:"Hypervolemia in Men from Drinking Hyperhydration Fluids at Rest and During Exercise"
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1274:"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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296:. 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.
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242:
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1248:"Hypervolemia from Drinking Hyperhydration Solutions at Rest and Exercise"
1181:"Former Belmont Resident Charged With $ 6 Million Investment Fraud Scheme"
1179:
Department of Justice, U.S. Attorney's Office, District of Massachusetts.
1913:
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1072:"Motion of United States Trustee To Convert Chapter 11 Case To Chapter 7"
377:, for $ 310 million. Bear Creek and the Harry and David line was sold to
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515:(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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846:"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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1128:"Prominent Shaklee Distributor Accused of Operating Ponzi Scheme"
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1365:"James Whittam, 49, President And Chief of Shaklee Companies"
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860:"Shaklee U.S. leads the way on global climate change issue"
466:
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820:"Japanese Drug Company To Sell 4 Units, Including Shaklee"
198:
1043:"John William Cranney: Notice of Adjudicatory Proceeding"
1018:"Friends fight to recover money from Belmont businessman"
400:
33:
A major contributor to this article appears to have a
1960:
Nutritional supplement companies of the United States
985:
955:
1404:
1155:"Ex-Belmont businessman arrested on fraud charges"
795:"History of Shaklee Corporation – FundingUniverse"
915:"Shaklee wins 2009 Business Environmental Awards"
1936:
901:"Shaklee wins 2009 Green Power Leadership Award"
1355:"Eco-Socialites Make Cleaning Green a Priority"
883:"Eco-Socialites Make Cleaning Green a Priority"
848:. Bloomberg Markets Magazine. October 11, 2011.
331:In March 1989, Shaklee Corporation received an
190:Nutrition, Weight management, Beauty, Household
1390:
1134:. The Skeptical Guide to Multilevel Marketing
465:Beginning in 1993 and through the end of the
1955:Privately held companies based in California
1819:European Grouping of Marketing Professionals
1271:
1245:
585:"2022-2023 Shaklee Incentive Booklet (U.S.)"
284:Expansion, divestiture, changes of ownership
1397:
1383:
537:"Dr. Forrest Shaklee; Founded Corporation"
93:
84:
1945:Companies based in Pleasanton, California
1599:Juice Plus AKA National Safety Associates
1272:Fortney, PhD, Suzanne M. (January 1994).
666:"Shaklee Gets Takeover Offer From Jacobs"
64:Learn how and when to remove this message
16:Multi-level marketing vitamin distributor
1246:Whittam, PhD, James H. (April 3, 1995).
320:Fruit-of-the-Month Club operation, from
292:in the late 1970s and was listed on the
743:"Jacobs Cuts Stake in Shaklee to 10.5%"
1937:
716:Fisher, Lawrence M. (March 15, 1989).
715:
663:
401:Controversy about Shaklee Distributors
221:with operations in several countries.
1378:
1207:"Shaklee Achievements and Milestones"
1187:. United States Department of Justice
880:
664:Fisher, Lawrence M. (March 4, 1989).
510:
1950:Retail companies established in 1915
1297:
1219:
565:. First Class MLM. November 11, 2007
419:and charged him with four counts of
18:
1125:
979:
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761:
691:"Jacobs Increases Stake in Shaklee"
13:
735:
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14:
1981:
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881:Ferla, Ruth La (April 22, 2007).
718:"Japan Drug Maker to Buy Shaklee"
683:
657:
631:
613:"Shaklee to Buy RJR Nabisco Unit"
605:
577:
555:
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504:
326:Yamanouchi Pharmaceutical Company
943:"Shaklee wins 2008 Stevie Award"
639:"Shaklee to Sell Japanese Stake"
333:unsolicited acquisition proposal
209:is an American manufacturer and
44:. Please discuss further on the
23:
1970:Multi-level marketing companies
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1048:. Commonwealth of Massachusetts
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257:in the United States labeled "
1:
1298:Wong, L. G. (December 1994).
1220:Wong, L. G. (December 1994).
472:
379:Wasserstein Perella & Co.
302:a state-of-the-art skyscraper
1504:Discount Home Shoppers' Club
1494:Crowd Sourcing International
1081:. Government Printing Office
455:
304:in downtown San Francisco's
259:Shaklee's Vitalized Minerals
7:
1965:1915 establishments in Iowa
1844:International Heritage Inc.
354:of $ 20 a share, seen as a
316:company best known for its
245:based in his home state of
229:
10:
1986:
1904:United Sciences of America
1748:Nature's Sunshine Products
1524:Fuel Freedom International
986:Federal Trade Commission.
956:Federal Trade Commission.
288:Shaklee Corporation was a
224:
1834:Fortune Hi-Tech Marketing
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511:Shook, Robert L. (1982).
491:Shaklee Headquarters, USA
194:
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83:
394:Federal Trade Commission
392:In 1974, in response to
1738:LifeVantage Corporation
1554:The Longaberger Company
1514:Forever Living Products
799:www.fundinguniverse.com
460:
294:New York Stock Exchange
290:publicly traded company
263:nutritional supplements
99:Former Headquarters in
1664:Southwestern Advantage
427:, and three counts of
368:privately held company
310:Bear Creek Corporation
179:(former Vice Chairman)
101:Pleasanton, California
1854:Koscot Interplanetary
1804:Black Oxygen Organics
1768:Usana Health Sciences
1704:World Financial Group
1469:Arbonne International
1406:Multi-level marketing
362:cast Yamanouchi as a
267:multi-level marketing
211:multi-level marketing
128:Multi-level marketing
42:neutral point of view
1829:Excel Communications
1824:European Home Retail
1609:North American Power
1604:Neal's Yard Remedies
1325:"Shaklee Milestones"
769:"Shaklee Offer Done"
563:"The History of MLM"
415:arrested Cranney in
335:from a group led by
265:. Shaklee chose the
253:, created the first
171:(Chairman & CEO)
1753:Nu Skin Enterprises
697:. February 25, 1989
543:. December 17, 1985
381:for $ 260 million.
251:Oakland, California
207:Shaklee Corporation
80:
79:Shaklee Corporation
1794:Aman Futures Group
1689:Usborne Publishing
1674:Success University
1350:Corporate web site
1126:Barrett, Stephan.
887:The New York Times
824:The New York Times
773:The New York Times
747:The New York Times
722:The New York Times
695:The New York Times
670:The New York Times
645:. February 3, 1989
643:The New York Times
619:. November 4, 1986
617:The New York Times
541:The New York Times
306:Financial District
235:Forrest C. Shaklee
145:Forrest C. Shaklee
78:
1932:
1931:
1899:The Trump Network
1879:Royal Tongan Limu
1709:YTB International
513:The Shaklee Story
278:cleaning products
204:
203:
74:
73:
66:
37:with its subject.
1977:
1694:Vector Marketing
1589:Modi Enterprises
1399:
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1375:
1361:, April 22, 2007
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775:. April 18, 1989
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749:. March 15, 1989
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429:money laundering
314:direct marketing
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62:
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55:
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35:close connection
27:
26:
19:
1985:
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1889:Sunshine Empire
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1209:. Shaklee, Inc.
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945:. Shaklee, Inc.
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931:. Shaklee, Inc.
927:
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917:. Shaklee, Inc.
913:
912:
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903:. Shaklee, Inc.
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826:. April 3, 2004
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423:, 16 counts of
403:
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337:Irwin L. Jacobs
318:Harry and David
286:
249:, and later in
237:(1894–1985), a
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199:www.shaklee.com
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1579:Market America
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1529:Grupo Omnilife
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1479:BioPerformance
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1369:New York Times
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1359:New York Times
1352:
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1344:External links
1342:
1339:
1338:
1327:. Shaklee, Inc
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862:. Shaklee, Inc
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375:Wolfson family
364:"white knight"
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