Status and Updates
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 Court and a final order is entered.
September 18, 2015: The FTC obtains a preliminary injunction that severely limits Vemma business operations while the FTC’s lawsuit is pending.
August 21, 2015: The FTC’s ex parte application for a temporary restraining order was granted in federal court.
August 17, 2015: The FTC filed a lawsuit against Vemma for, among other things, operating an illegal pyramid scheme. The FTC also filed an ex parte application for a temporary restraining order with asset freeze to immediately halt the company’s illegal actions and prevent the company from destroying records and disposing of assets.
August 19, 2014: The Advertising Standards Authority in the UK contacts TINA.org indicating that, with TINA.org’s permission, it will refer the matter to its counterparts in Ireland, where Vemma Europe is registered. TINA.org consents to the referral. The Competition Bureau in Canada also contacts TINA.org confirming receipt of its complaint.
August 14, 2014: TINA.org notifies the Advertising Standards Authority in the UK and the Competition Bureau in Canada of the decision by Italy’s Competition and Markets Authority (AGCM), which declared that Vemma operated an illegal pyramid scheme.
June 24, 2014: TINA.org notifies the FTC and Vemma CEO, BK Boreyko, that an investigation has revealed that numerous Vemma affiliates have been using unsubstantiated health and treatment claims about Vemma products to market the Vemma business and its product lines.
May 20, 2014: The FTC notifies TINA.org that it has received the letter and will review the information to determine appropriate action.
April 29, 2014: TINA.org sends a letter to the FTC alerting the bureau that Italy’s Competition and Markets Authority (AGCM) declared that Vemma operated an illegal pyramid scheme and had sanctioned the company €100,000 (roughly $140,000).