Results for "pyramid scheme lawsuit"

Energy Drink Company Exposed by Ad Watchdog TINA.org Settles FTC Pyramid Case

December 16th, 2016

MADISON, CONN. December 16, 2016 – Vemma Nutrition, an Arizona-based multi-level marketing (MLM) company that the Federal Trade Commission labeled a pyramid scheme in a lawsuit filed last year, has reached a $238 million settlement with the agency that bans its recruitment-focused business practices. Ad watchdog truthinadvertising.org (TINA.org) first warned consumers about the energy drink and dietary


Pyramid Schemes 101

June 2nd, 2016

Why this proposed anti-pyramid scheme bill will not achieve its goals.


Why This Anti-Pyramid Scheme Bill is Outrageously Wrong for Consumers

May 23rd, 2016

This is a guest blog by Peter Vander Nat, Ph.D., former senior economist with the FTC who has testified in numerous federal pyramid scheme cases and written two seminal works analyzing the MLM industry. POST HIGHLIGHTS • H.R. 5230 runs directly counter to 40 years of case law on pyramid schemes. • It obliterates the


FTC-Vemma Pyramid Lawsuit Documents

September 10th, 2015

Complaint for Permanent Injunction and Other Equitable Relief FTC’s Ex Parte Application for TRO with Asset Freeze Memo in Support of FTC’s Ex Parte Application for TRO with Asset Freeze Court Order Filed Under Seal Pyramid Scheme Expert’s Declaration TINA.org’s Declaration Proposed Preliminary Injunction Order with Asset Freeze & Appointment of Permanent Receiver FTC’s Notice


Energy Drink Company Shut Down Amidst Pyramid Scheme Allegations

August 26th, 2015

Ad Watchdog’s Investigation Spurs FTC Action MADISON, CONN. August 26, 2015 — Vemma Nutrition, an Arizona-based dietary supplement and energy drink company, was quietly shut down by the Federal Trade Commission after the agency filed a complaint under seal accusing Vemma of running an illegal pyramid scheme. The FTC’s actions come after consumer advocacy organization,



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