Why was Vemma shut down?
Vemma (/ˈviːmə/) Nutrition Company was a privately held multi-level marketing company that sold dietary supplements. The company was shut down in 2015 by the FTC for engaging in deceptive practices and pyramid scheming.
Who owns Vemma?
BK Boreyko
BK Boreyko launches Bode Pro, a new network marketing company with a uni-level compensation plan.. Boreyko’s first two start up companies New Vision and Vemma each exceeded $1 billion in career sales and his 3rd venture could be his best work yet.
Was Vemma a pyramid scheme?
Vemma is an illegal pyramid scheme that “lures college students and other young adults with the prospect of getting rich” but left most of them with no profits, according to the Federal Trade Commission, which seized all the inventory and halted its operation.
How much money did Vemma make?
Company agrees to a ban on pyramid scheme practices to settle charges.
What is the most famous pyramid scheme?
Top 10 Famous Pyramid Schemes
- #8: United Sciences of America.
- #7: BurnLounge, Inc.
- #6: USANA Health Sciences.
- #5: Fortune Hi-Tech Marketing.
- #4: Vemma.
- #3: Nu Skin Enterprises.
- #2: Herbalife.
- #1: Amway.
What is Verve drink?
Then the Federal Trade Commission filed a lawsuit, calling the nutrition company an illegal pyramid scheme. The company sells nutritional supplements and vitamin drinks under the Vemma name; Verve, an energy drink; and meal-replacement shakes and weight-loss products called Bod-e.
What does Vemma sell?
Vemma, founded by Benson ‘BK’ Boreyko in 2004, sells energy and weigh loss drinks through a network of independent distributors, so-called ‘affiliates’, with the promise they can earn income buying product direct from the company and selling them to customers.
Can you get your money back from a pyramid scheme?
Once Ponzi schemers are discovered, it is usually the case that the schemer has spent all or most of the money. So while you could certainly sue the Ponzi schemer and very likely win a judgment against them in court, it’s unlikely you’ll recover any money at the end of the day.
How do you get out of a pyramid scheme?
The following are some additional tips to help you steer clear of pyramid schemes:
- Gather all information regarding the company, its officers, and its products or services.
- Find out if there is a demand for the product or service.
- Ask if you must buy a product to become a distributor.
What does vemma sell?
nutritional supplements and vitamin drinks
The company sells nutritional supplements and vitamin drinks under the Vemma name; Verve, an energy drink; and meal-replacement shakes and weight-loss products called Bod-e.
Is energy an MLM verb?
Multi-level marketing company Vemma Nutrition was recently shut down by the Federal Trade Commission for operating as a pyramid scheme. The company is one of many that have targeted college students to make a profit.
How can I recover money from a scammer in Nigeria?
If you don’t have their email address, you can walk into your bank or the scammer’s bank, and speak to the customer service in charge of fraud to file a complaint. Your bank will direct you on the steps to recover your money. Report to the police and also speak to a lawyer to file an expert court order.