BK Boreyko, Vemma CEO stated today on his Facebook:
“Hello Vemma faithful:
Just wanted to clear up a couple of phone calls I’ve received about moving to other companies. Although I know there’s panic out there, I want you to hear it from me…hang tight.
We have a hearing scheduled for September 3rd.
I think we’ll win. Until then, I know you want to do the best for your teams and that’s a sign of great leadership.
I will and have always complied with the court’s order in this matter. I’m the kind of guy that would never violate the terms of that order. If you hear anything different, tell them you talked to me and I said buckle up because there’s great things ahead for Vemma!
About Vemma
Founded in 2004 by BK Boreyko and
Tag Archive for MLM Lawsuits
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Vemma’s Defense Shields up – Asking For Testimonials
by Ted Nuyten • • 0 Comments
Kevin Thompson, the MLM attorney is hired by Vemma as one of their attorney’s and he requests Vemma customers and affiliates to help with Vemma’s defense.
As one of the voices in the Direct Selling industry, we are glad to help this company, which is under sieg, and we would do so for any other company
There is a file to fill in for satisfied Vemma customers and affiliates to give their honest opinion about the products and other experiences.
It helps tremendous in Vemma’s defense against the FTC Charge.
In below video Kevin Thompson explains:
Kevin Thompson says:
“The instructions are included in the video.
#1 Get the word file here: https://thompsonburton.box.com/…/sd950goq8c9jdlluteyhquu6gh…
#2 Complete your affidavit, get it notarized. Be sure to delete the highlighted fields. Those are there to get you started. The affidavit needs to be
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Vemma Might Be In Business After 3 September
by Ted Nuyten • • 0 Comments
According to Kevin Thompson – the MLM attorney, in below video, there is a fair chance Vemma will be again in business next week.
Kevin Thompson is the leading Network marketing top attorney in the USA.
He stated: “It’s my opinion that the FTC got this one wrong. Vemma, with a long history of product value and a A+ rating with the BBB (a near impossible feat), does not fit the “pyramid scheme” mold. This is an important case”.
He also stated that he believes the Injuction (a court order to stop business) will be lifted after the hearing, the first meeting in front of the judge, between Vemma and the FTC.
He also believes the lack of regulation in the MLM – Network marketing industry has triggered this lawsuit, basically the FTC can
Hot Business News Today
SEC Warns Public About Forward Direct Selling Corp.
by Tina Williams • • 0 Comments
State-owned corporate regulator Securities and Exchange Commission (SEC) has issued a warning to the public about fraudulent investment schemes the SEC says are being undertaken by firm Forward Direct Selling Corp.
In an advisory, SEC said Forward Direct Selling Corp. is “inviting people to invest under the same scheme used by One Lightning Corp.,” which earlier was issued a cease-and-desist order from the commission.
“It has come to the attention of the commission that Forward Direct Selling Corp. is being operated by the same people behind One Lightning Corp,” SEC said, adding, “Using a different technology to make it appear that it is engaged in multilevel marketing, Forward Direct Selling Corp. is practically operating the same marketing program as One Lightning.”
SEC said that despite the change in corporate name, Forward Direct Selling’s marketing program
Hot Business News Today
FTC Attacks MLM Autoship Programs, Vemma Served With Complaint
by Ted Nuyten • • 0 Comments
Vemma was served with a complaint by the FTC on 25 August in the USA, for their autoship program. Vemma affiliates Back Office is temporarily unavailable.
Autoships are huge. Most companies with solid products will see anywhere from 40% to 75% of all revenues come from the monthly reorder of their products.
The FTC – Federal Trade Commission – is a powerfull USA government organization and its mission is “Protecting USA customers”.
This is not a Vemma issue, this is an attack on the Industry. Vemma has the bad luck to be the guinea pig, and it will cost the company and CEO BK Boreyko, huge amounts of time and money to defend them against this FTC investigation.
In VEMMA the auto ship is optional, so apparently this investigation is based on an “old” complaint and
Hot Business News Today
Avon Seeks $62 Million Settlement In China Bribery Case
by Tina Williams • • 0 Comments
Avon Products Inc is seeking approval of a $62 million settlement of a U.S. lawsuit accusing the cosmetics company of defrauding shareholders by concealing its failure to stop workers from bribing officials in China to win business.
The proposed settlement was filed on Tuesday with the U.S. District Court in Manhattan and requires a judge’s approval.
It resolves claims that Avon, former Chief Executive Andrea Jung and former Chief Financial Strategy Officer Charles Cramb, intended to mislead shareholders from 2006 to 2011 about the company’s ability to comply with the federal Foreign Corrupt Practices Act, which prohibits bribing foreign officials.
Shareholders led by two German investment funds said Avon embraced a corporate culture that was “actively hostile” to effective oversight and concealed its dependence on corrupt activity such as “dinner and karaoke” events to boost
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Zeek Rewards Scam Pays Out Yet Another $89 Million
by Tina Williams • • 0 Comments
The receiver for defunct ZeekRewards.com said Thursday he has made a third distribution to victims of the Ponzi scheme, this time for $89.2 million.
Kenneth Bell said 112,734 checks were mailed July 31. The distribution raises to $246.05 million the amount that Bell has released from the ZeekRewards estate since September.
Bell said he was not able to distribute an additional $46.24 million because about 35,400 potential recipients still have not completed their eligibility requirements, such as electronically signing the legal release and certification required by court orders.
Bell said most victims who are qualified for reimbursement would get a check.
Bell raised his projection of what the average recipient should get from 60 percent reimbursement to approaching 70 percent. The next distribution, if possible, is set for Oct. 31.
In August 2012, the U.S. Securities and Exchange Commission
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Top Leaders Sue MLM Company VISI Over Business Development Deal
by Ted Nuyten • • 0 Comments
We have asked VISI corporate as Rick Hagar for their side of the story, however have not received yet a response.
Lunsford and O’Brien has send Business For Home the next statement and Youtube:
“Recently promoted Arctic Diamond partners, Michael O’Brien and Tim Lunsford have taken legal action against both Visi Corporate and it’s Master Partner Rick Hagar. They allege a breach of contract for non-performance by Hagar, and collusion by Visi and it’s CEO Kent Lewis to allow Rick Hagar to stop paying O’Brien and Lunsford what they are owed.
Hagar recruited Lunsford and O’Brien to Visi in January of 2014 with promises that he never intended to keep. Hagar along with CFO, Paul Frampton, instructed both of them on how to structure their business so not only Lunsford and O’Brien could have great
Hot Business News Today
DubLi To File Law Suit Against Matt Trainer
by Ted Nuyten • • 0 Comments
Business For Home has received the following statement from Dubli Corporate:
Official DubLi Statement Regarding Matt Trainer Video:
As a company, DubLi will respond in the best interest of its shareholders, Business Associates, customers and employees to protect and preserve its reputation against unmitigated attacks. Fictitious stories concerning DubLi’s business model or its management team will be challenged.
As such, DubLi will be filing suit against Matt Trainer in response to his fabrications put forward in a video last week.
In keeping with its status as a public company under U.S. Securities and Exchange Commission guidelines, DubLi has a strict corporate policy against commenting on or forecasting conversion rates or any other financial benchmark.
The company has never, not to Mr. Trainer or anyone else, made any statements as to expected conversion rates. Nor has the company mentioned how DubLi may or may not convert in Mr. Trainer’s personal marketing system that he has attempted to sell
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Herbalife Wins Dismissal Of ‘Pyramid Scheme’ Lawsuit
by Tina Williams • • 0 Comments
BisJournals.com reports:
A federal judge has once again dismissed a lawsuit accusing nutritional products maker Herbalife Ltd. of misrepresenting its business structure and sales practices as legitimate when it amounted to a pyramid scheme, a charge the the company has denied.
U.S. District Judge Dale Fischer in Los Angeles on Tuesday said the plaintiffs, led by the Oklahoma Firefighters Pension and Retirement System, did not show that Herbalife(NYSE: HLF) or its chief executive, Michael Johnson, defrauded shareholders, according to Reuters.
Fischer in March had dismissed an earlier version of the lawsuit.
Shareholders had filed suit claiming they lost money after billionaire hedge fund manager William Ackman accused Herbalife of operating a pyramid scheme. In December 2012, Ackman said his firm, Pershing Square Capital Management LP, had made a $1 billion bet that Herbalife’s stock price would fall.
Fischer in his dismissal of the lawsuit in March said Ackman’s