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Usana's Asia Pacific vice president resigns -- why?

Usana Health Sciences (NASDAQ: USNA) announced its quarterly results last night, and then, exactly one minute later, announced the resignation of Bradford Richardson, Executive Vice President of Asia Pacific.

Why did he resign? Usana says that it was to "pursue another career opportunity" and sent him off with a "Brownie you're doing a heck of a job" pat on the back: "
We thank Bradford for his many contributions to USANA and wish him well with his new career opportunity. His leadership and direction over the past 10 years has solidified the Asia Pacific region as a strong and vibrant business."

And maybe that's all there is to it. But maybe not. Back in October of 2007, ex-con turned short-selling gumshoe Barry Minkow accused the company of illegal business practices in China. He said that an investigation had turned up evidence that the company uses its Hong Kong business to recruit Chinese citizens into the company's network marketing business. For more detail, read this New York Post story.

Usana denied the allegations, and maybe it's all unrelated. But the fact is that there have been accusations of bad conduct in China and Hong Kong and now the vice president in charge of that region has resigned. It makes you wonder.

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Last updated: November 22, 2008: 10:54 AM

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