BREAKING NEWS - January 13, 2010


Barry Minkow Writes Open Letter in Response to Medifast Accusations.

Click Here to read the letter
1 Expert's Report
2 Points of Similarity between Madoff and Medifast
3 Press Release
4 YouTube Video
5

Lab Results
January 8, 2010

>> Multi level marketing expert releases new findings on Medifast, Inc. (NYSE:MED): calls company a "consumer pyramid".Click Here for report.

>> Expert: "Under the Medifast's (NYSE:MED) chain letter pay plan, the great majority of the coaches can never reach the tantalizing income lures that are used in Take Shape for Life's promotion". Click Here for Press Release.

>> FDI Responds to Medifast "independent investigation" of past findings  Click Here for Press Release on rebuttal.

May 22, 2009

>> Former SEC Division of Enforcement Attorney letter sites possible stock touting of Medifast (NYSE:MED) stock by company's single-officed, New Jersey based, independent, outside auditors through their alleged independent investment entity.

>> Click Here for Letter from Expert. Click here for undercover operation pictures of accounting firm.

>> Click Here for Press Release. Click Here for background investigation notes of entity principles

May 22, 2009

Non Profit Consumer Advocate Group teams up with FDI; files formal complaint against Medifast, Inc (NYSE:MED) with law enforcement. Click Here for letter. Click Here for press release 

COMING SOON - - FDI to roll out You Tube video interviews of past Medifast, Inc (NYSE:MED) “coaches” who enrolled in the business opportunity only to conclude it was an endless chain


May 21, 2009

FDI blasts Medifast, Inc. (NYSE:MED) says record Q-1 sales attributed to well disguised and cleverly concealed pyramid scheme. Click Here for press release; Click Here for YouTube Video; Click Here for 11 point Avon comparison to Medifast

FDI calls on law enforcement to insist that Medifast, Inc. comply with the same disclosure requirements recently ordered by the California State AG on similar multi-level marketing company YTB (YourTravelBiz.com).  Click Here for 5 points of similarity between Medifast and YTB. Click Here for new updated report on MED Q-1 earnings


February 18, 2009
FDI Responds to Medifast's rebuttal to report and questions the company's
use of small, six partner accounting firm. - Click Here for response
Click Here to read the report just released to the Fraud Discovery Institute by expert Robert FitzPatrick of Pyramid Scheme Alert.

In the report, Mr. FitzPatrick shows how the Take Shape For Life division of Medifast is nothing more than a Endless Chain Pyramid Scheme.


Click Here to view the Points of Similarity between Madoff and Medifast.

Report details how Ponzi schemes and Endless Chain Pyramid Schemes are very much alike.

New FDI report reveals Madoff and Medifast, Inc. (NYSE: MED) have too many points of similarity. Click Here to read.


2 FDA approved labs confirm high levels of lead in popular Medifast products. Click Here to see results.
Watch as Barry Minkow of the Fraud Discovery Institute compares the Endless Chain Pyramid Scheme business model of Medifast's Take Shape For Life division to the Ponzi Scheme perpetrated by Madoff. Click Here for the video