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Natures Sunshine Under Heavy Scrutiny

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Natures Sunshine Under Heavy Scrutiny

Forbes | 7/16/2007

PROVO, Utah - Dietary supplement maker Nature's Sunshine Products Inc. is coming under increasing scrutiny by federal regulators for auditing omissions, income tax returns and its foreign operations - troubles that could threaten its stock-trading privileges.

The company acknowledged Thursday that it had received a U.S. Securities and Exchange Commission subpoena for internal documents relating to operations in 32 other countries. The U.S. Department of Justice has requested the same documents, the company said.

Nature's Sunshine has failed to file quarterly or annual financial reports since 2005 and blames the resignation of auditor KPMG for the omission. KPMG has said it resigned because company executives failed to take its advice.

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