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
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FTC: Vemma Temporarily Shut Down For Running Pyramid Scheme
by Tina Williams • • 0 Comments
AP Reports: The Federal Trade Commission said Wednesday that Vemma Nutrition has been temporarily shut down for operating a pyramid scheme that promised college students riches if they sold its nutritional drinks, but most ended up losing money.
The consumer protection agency said that Vemma told recruits that they could make as much as $50,000 per week selling its nutritional beverage Vemma, energy drink Verge or protein shake Bod-e. An initial investment of $600 was paid for products and business tools and $150 in Vemma products had to be bought each month to receive bonuses. The FTC said Vemma provided little help on how to sell its products and instead rewarded them for recruiting more people.
Vemma earned $200 million a year in 2013 and 2014, according to the FTC.
A representative from Vemma, which is based in
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Could Herbalife Be Next? ValueWalk Speculates
by Tina Williams • • 0 Comments
ValueWalk reports: Herbalife Ltd. (NYSE:HLF) is one of Wall Street’s favorite controversies, and now it seems like there could be another problem on the company’s plate. Although it isn’t directly impacting Herbalife right now, it could at some point in the future, as the company has admitted to being under investigation by the Federal Trade Commission.
FTC moves against Vemma Nutrition
The FTC is now seeking an injunction against Vemma Nutrition, another multi-level marketing company which sells some products that are similar to those sold by Herbalife. Unfortunately for Herbalife, its business practices (some past and some present) seem to be in some ways similar to Vemma’s practices. ValueWalk contacted a pyramid scheme expert who found three areas of concern for Herbalife in the case filed against Vemma.
Court documents reviewed by ValueWalk (Hat tip to Quoth the Raven)
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Healthy Headie Lifestyle Cannabis Direct Sales Launches
by Ramya Chandrasekaran • • 0 Comments
Excerpted from an article in the International Business Times about the growth of the marijuana start-up scene in the USA.
Holly Alberti-Evans considers herself among Colorado’s marijuana business success stories. Healthy Headie Lifestyle, the in-home direct sales company for cannabis products she founded with her husband, Steve Evans, is growing, with a busy office in Boulder and an expanding team of independent distributors who demonstrate vaporizers to those Alberti-Evans calls the “canna-curious” in the privacy of their homes. (Hosts provide their own marijuana if they want to take the devices for a full test drive.) What’s more, Alberti-Evans is constantly fielding calls from those wanting to invest in the enterprise.
“We have had an overwhelming response,” says Alberti-Evans. “There is absolute excitement around our business model and everyone wants to participate.”
Rewind to two months ago,
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FTC Charges Vemma To Be An $200 Million iIlegal Pyramid Scheme
by Ted Nuyten • • 0 Comments
The FTC lawsuit against Vemma has been published and this are the allegations: illigal pyramid scheme, Income claims, Failure to disclose, Means and instrumentalities, Relief defendent.
The FTC was granted a court order to freeze the company’s and CEO B.K. Boreyko’s assets as well as a temporary restraining order.
“Defendants are running a global pyramid scheme that has likely victimized hundreds of thousands or millions of consumers” the FTC said in court filings released to the public Tuesday.
It is a direct attack on the MLM – network marketing industry. If Vemma is closed down, a lot of network marketing companies with a simular model in the USA are in deep trouble.
The FTC names Vemma Nutrition Company, Vemma International Holdings, B. K. Boreyko, and Tom Alkazin as defendants.Tom Alkazin’s wife, Bethany Alkazin is named as a
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Jeunesse Featured On Inc. 5000 For 2nd Consecutive Year
by Tina Williams • • 0 Comments
For the second consecutive year, Jeunesse was featured on Inc. magazine’s Inc. 5000 list, an exclusive ranking of the nation’s fastest-growing private companies.
The list represents the most comprehensive look at the most important segment of the economy — America’s independent entrepreneurs.
“We are greatly honored to be recognized on the distinguished Inc. 5000 list for the second consecutive year, which is a tribute to the collective efforts of our entire Jeunesse family around the world,” said Jeunesse Chief Visionary Officer Scott Lewis.
“This recognition is a testament to the integrity, dedication and passion that permeate our culture. We thank all of our dedicated employees and more than 550,000 Distributors whose commitment to our cause represents the heart of Jeunesse.”
Since first making the Inc. 5000 in August 2014, Jeunesse, along with its global
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Six Questions To Ask Before Joining Direct Selling
by Ramya Chandrasekaran • • 0 Comments
American publisher US News & World Report known for its authoritative ranking reports has published an article to help people who are interested in the direct selling industry.
From wine to workouts, candles to cutlery, you’ve probably had a friend or co-worker (or perhaps been the friend or co-worker) invite you to an in-home party or post about their products on social media. Direct selling is on the rise, so that’s no coincidence. Over 18 million Americans were involved in direct selling and estimated retail sales reached $34.5 billion last year (an increase of 5.5 percent), according to the Direct Selling Association’s 2015 Growth & Outlook Report.
Joseph Mariano, president of the Direct Selling Association, a trade association for firms in this space, attributes this growth to several factors, including “the incorporation of social
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Avon Has Breakthrough In Skincare Research
by Tina Williams • • 0 Comments
A team of research scientists from the Avon Skincare Institute (ASI) presented a new breakthrough in anti-aging skincare at this week’s Summer Conference of The American Academy of Dermatology (AAD), which represents the largest association of dermatologists in the country.
Dr. John Lyga, Director of Skin Bioscience and Dr. Uma Santhanam, Director of Cell Biology and Clinical Efficacy at ASI explained that their team has solved a key piece of the skin aging puzzle in their presentation of two posters, “Dynein is Necessary for Intracellular Transport of Both Nutrients and Autophagosomes in Human Dermal Fibroblasts” and “A role for Autophagy in Skin Aging.”
The ASI scientists began their research with a question: Why does skin develop lines and wrinkles and lose firmness as we age? The team first focused their research on a key
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Damsel In Defense: Empowering Women With Safety & Success
by Ramya Chandrasekaran • • 0 Comments
Damsel in Defense, a direct selling company specializing in fashionable personal safety products for women was featured in Pennsylania newspaper The Intelligencer.
The half-dozen women gathered at Got Wine? in Bristol on Saturday weren’t there for the refreshments. They were there for empowerment. That empowerment came in colors like pink, teal and purple — and carried a 7.5-million volt punch.
In front of the group was Dana Ebel, a consultant with Damsel in Defense, a direct seller of personal safety products, such as pepper spray and stun guns, all geared toward women.
“There’s something for everyone,” said Ebel.
For Ebel, being involved in the organization has not only brought financial success, but her own sense of empowerment.
“They have a very powerful mission,” Ebel said.
Founded in 2011 by Bethany Hughes and Mindy Lin to “equip, empower
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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