Vemma Temporarily Shut Down by FTC as Pyramid Scheme
Vemma, the dietary supplement MLM, was shut down by the Federal Trade Commission this week. The FTC alleges that the company was operating as a pyramid scheme. More information about the Vemma shutdown and investigation at Truth In Advertising and across the web.
“Rather than focusing on selling products, Vemma uses false promises of high income potential to convince consumers to pay money to join their organization,” said Jessica Rich, Director of the FTC’s Bureau of Consumer Protection. “We are also alleging that Vemma is an illegal pyramid scheme.”
I suspect high-level Vemma affiliates are scrambling to find other “opportunities” to latch onto as the Vemma ship goes down. I wonder what YPR Pariah, a critic of Vemma whose website was mysteriously shut down last year, thinks about the news.
Kudos are in order to the FTC and everyone who assisted in making the case that Vemma might be operating an illegal pyramid scheme. There are so many more companies out there operating in this fashion; it’s a shame that the government can’t stop them all. If you suspect a company is an illegal pyramid scheme, file a complaint with the FTC and your state’s attorney general.