Breaking VEMMA News: FTC Claims VEMMA Illegal Pyramid Scheme

When Does Aggressive Sales Team Recruitment In MLM Become Enticement Into An Illegal Recruitment Pyramid"

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Updated August 27th, 2015: MLM Attorney Kevin Thompson now on Vemma Legal Team!

Vemma affidavits re. product experience.The instructions are included in the video. #1 Get the word file here: https://thompsonburton.box.com/shared/static/sd950goq8c9jdlluteyhquu6ghkqnu8c.docx#2 Complete your affidavit, get it notarized. Be sure to delete the highlighted fields. Those are there to get you started. The affidavit needs to be in your own words. #3 Upload a copy of the notarized form here: www.thompsonburton.com/vemma/. Save the original just to be safe.

Posted by Kevin Thompson MLM Attorney on Thursday, August 27, 2015

I have read the FTC .vs Vemma complaint alleging that Vemma is an illegal pyramid scheme. I will be reporting on what we can all learn from issue over the next few posts and videos. 

ComplianceMany have asked if I now after reading the FTC .vs VEMMA complaint and supporting documents, if I now believe Vemma is an illegal pyramid, and the answer is still NO!

I do however believe that BK Boreyko and the team at Vemma, may have taken their eye off the ball in some areas, and when you do this too many times, then what seems like small infractions, can mushroom into what we see has happened at VEMMA.

As I wrote earlier this week, this isn’t just a Vemma issue, this is an industry-wide issue.

I will be doing a video and editorial on this issue over the next few days, to address what I see as the most obvious issues the FTC have raised as concerns.

The two major allegations are:

  1. Pyramid Scheme
  2. Illegal Recruiting Enticements

You can read this full editorial and read the FTC Complaint by clicking here! 

 

Troy Dooly is recognized internationally as an influencer in the areas of personal branding, leadership development, marketing campaigns, organizational expansion, and corporate launch strategies. Dooly is a speaker, results coach, and radio host. He is a founding member, show host (Beachside CEO) and News Director of the Home Business Radio Network. He is a founding member, and currently serves on the Board of the Association of Network Marketing Professionals