Results for "pyramid scheme lawsuit"

Summary of Action

March 17th, 2015

A class-action lawsuit was filed against Herbalife in 2013 alleging that the company deceptively markets and operates an illegal pyramid scheme, which charges inappropriate shipping and handling fees in order to bolster illegal profits. In October 2014, the parties reached a proposed settlement agreement that would essentially ban the estimated 1.3 million class members from ever


TelexFree

March 2nd, 2015

In December 2014, a class-action lawsuit was filed alleging, among other things, that TelexFree is operating a pyramid scheme and deceptively representing that promoters make money by posting advertisements when they actually make money by recruiting new members. (Abdelgadir et al v. TelexElectric, LLLP et al, Case No. 14-cv-9857, S. D. NY.). For more information


Vemma Involved in Silencing One of Its Harshest Critics

September 17th, 2014

YPR Pariah, a former Vemma affiliate turned anti-Vemma blogger, who wrote under the pseudonym The Revanchist, had a clear message to share on his popular blog site – he didn’t “believe anyone should join Vemma, nor should anyone in Vemma currently stay in Vemma. The overwhelming majority of people lose out due to it being


Status and Updates

June 30th, 2014

September 19, 2019: The FTC announces that it will be mailing 28,224 refund checks averaging $78.93 to Vemma victims. December 15, 2016: The FTC and Vemma reach a $238 million settlement agreement that bans recruitment-focused business practices, as well as the use of any deceptive income claims and unsubstantiated health claims.  The agreement is approved by the


Summary of Action

April 30th, 2014

Vemma Nutrition Company, which was formed in 2004 by Benson K. Boreyko and his two sisters, was the subject of an on-going investigation by TINA.org after receiving complaints from college students and their parents about the business’s marketing practices.  During the course of its investigation, TINA.org found that the Arizona-based company was operating an illegal



Back to Top ↑