Vemma
Sign in to saveVemma () Nutrition Company was a privately held multi-level marketing company that sold dietary supplements. The company was shut down in 2015 by the FTC for engaging in deceptive practices and being a pyramid scheme.
Wikidata facts
- Instance of
- pyramid scheme
- Country
- United States
- Headquarters
- Tempe
- Industry
- energy drink
- Legal form
- S.A.
- Official website
- www.vemma.com
Show 2 more facts
- inception
- 2004-01-01
- product or material produced
- dietary supplement
Sources (3)
via Wikidata · CC0
~10 min read
Encyclopedic overview
12 sectionsContents
- History
- Business model
- Use of college-aged distributors
- Products
- Government investigations
- New Vision International
- Italian pyramid scheme accusations
- Investigations in Austria and Switzerland
- Shutdown by FTC
- Penalty
- References
- External links
Vemma () Nutrition Company was a privately held multi-level marketing company that sold dietary supplements. The company was shut down in 2015 by the FTC for engaging in deceptive practices and being a pyramid scheme.
The company, based in Tempe, Arizona, was founded in 2004 by Benson K., Lauren, and Karen Boreyko. In 2013, the company reported US$221 million in revenue. Most distributors were in their twenties. The company had frequently been accused of being a pyramid scheme by U.S. media, business analysts, and former distributors, and was fined by the Italian government. The Boreykos later formed Bodē Pro in 2017, and merged the legacy Vemma products into the new company in 2018, where they continue to be sold.
Excerpted from Wikipedia’s “Vemma” article, available under the CC BY-SA 4.0 licence.
On the map
2 mapped locations