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 world.
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Is Vemma A Pyramid Scheme?
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Get more information, facts and figures about Vemma, click here for the Vemma overview.