Vemma
in Scottsdale, United StatesCategory: Attraction
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8322 E Hartford Dr, Scottsdale, AZ 85255, USA Print route »
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Vemma () Nutrition Company is a privately held multi-level marketing company that sells dietary supplements. The company was shut down in 2015 by the FTC for engaging in deceptive practices, pyramid scheme, and multi-level marketing.The company, based in Tempe, Arizona, was founded in 2004 by Benson K., Lauren, and Karen Boreyko. In 2013, the company reported US$221 million in revenue. Most distributors are in their twenties. The company has frequently been accused of being a pyramid scheme by U.S. media, business analysts, and former distributors, and was fined by the Italian government.
In August 2015, the U.S. Federal Trade Commission filed a lawsuit against Vemma, accusing the company of operating an illegal pyramid scheme. The company was placed under an injunction which restricts certain marketing activity and compensation methods, and a monitor was appointed by the court to assure compliance with these restrictions. In December 2016, Vemma reached a $238 million settlement with the FTC, which also banned the company, its CEO, and top distributors from recruitment-focused business ventures, deceptive income claims, and unsubstantiated health claims.
