Vemma Served with FTC Complaint
Vemma, headquarted in Utah and helmed by CEO BK Boreyko, was founded in 2004 and has expanded it's original Vemma product line with products like Verve, their highly successful energy drink.
In May, Vemma received the Better Business Bureau's top rating and is an accredited member of the organization. To attain this status, Vemma had to show that it is committed to making "a good faith effort to resolve any consumer complaints." Businesses are not required to seek the BBB accreditation, which includes "monitoring for continued compliance and support of BBB services to the public," according to the organization.
The FTC complaint will not be unsealed until Friday.
Related News
-
Vemma Barred from Resuming Full Operations
September 19, 2015 - On Friday, a federal judge barred Vemma from resuming full operations and ruled that the company will remain under the supervision of a monitor.U.S. District Court Judge John Tuchi stated in his ruling that "the evidence before the Court leaves little doubt that the FT... Read More...
Former Top Vemma Distributor Facing Threat of Clawbacks
September 11, 2015 -- A former top earner at Vemma may have to give up millions of dollars in earnings after the Federal Trade Commission halted operations at Vemma late last month, pending a September 15 hearing.Anthony Powell, a former distributor for Vemma, was singled out in a report by ... Read More...
Vemma Shut Down by FTC - Assets Frozen
A copy of the sealed court order in the FTC action against Vemma was released today. The FTC accuses Vemma of:Operating an illegal pyramid scheme
Falsely representing that members of the Vemma program ("affiliates") are likely to earn substantial income
Representing that indivi... Read More...
Vemma Served with FTC Complaint
Vemma was served today with a complaint from the Federal Trade Commission. According to insiders, the complaint is related to Vemma's autoship program.Vemma, headquarted in Utah and helmed by CEO BK Boreyko, was founded in 2004 and has expanded it's original Vemma product line with products like... Read More...
