According to an article in the New York Post, Vemma top distributors might face threads of claw backs if the FTC wins the case.
The New York Post:
“A former top distributor for Vemma may have to fork over millions of dollars in earnings after regulators accused the energy drink maker of running a pyramid scheme that preyed on college students, legal experts told The Post.
Anthony Powell, a top distributor who left Vemma two months ago, was singled out in a report filed last week detailing the alleged scheme. He was a major player in the multilevel marketing company, which the Federal Trade Commission temporarily halted late last month pending the outcome of a Sept. 15 court hearing.
The report, from the temporary receiver appointed to oversee the company, found that 42 percent of the
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Poll: Is Vemma an illegal Pyramid Scheme?
by Ted Nuyten • • 0 Comments
According to the Federal Trade Commission (FTC) in the USA, Vemma is an illegal Pyramid Scheme and the company fight in court to this – to be proven – allegation.
Temporary Vemma was forced to close down operations, the assets are frozen, basically a $200 million company is taken out in an hour by the FTC.
A first hearing in court is set for the second week of September.
Founded in 2004 by CEO – BK Boreyko and his two sisters, Karen and Lauren, Vemma Nutrition Company has become known as one of the premier industry leaders specializing in premium liquid nutrition.
Vemma has done over $1 billion in revenue since 2004, has clinical proven products, is a long standing member of the Direct Selling Organisation, and is open in 50+ countries all over the