Vemma Files Emergency Motion With Courts For Approval Of New Comp Plan

Friday, October 16th, 2015, the Vemma legal team filed an emergency motion in the UNITED STATES DISTRICT COURT FOR THE DISTRICT OF ARIZONA, to move the Court for an order approving the revised compensation plan attached hereto as Exhibit “1” (the “Revised Compensation Plan”).

Vemma Files Emergency Motion For New Comp Plan Approval
VemmaFrom the supporting documentation filed the FTC may have decided to change their argument from “just” the way Vemma markets their income opportunity, and using standard benchmarks like the Koscot test and BurnLounge opinion, to deciding that the “binary” compensation structure in and of itself is the real issue behind their complaint.

If this is not a misunderstanding on the side of the Vemma legal team, then it will be the first time since the Binary was crafted in the mid-90s, that any regulator has called the structure in and of itself into question.

The Rest Of The Story…Vemma Files Emergency Motion With Courts For Approval Of New Comp Plan

Does The Receiver Report Support The FTC Claim VEMMA Is A Pyramid?

Angle Of Justice

FTC Receiver Report Support The FTC Claim VEMMA Is A Pyramid?
The receiver appointed and approved by the court hearing the FTC case against Vemma for running a pyramid scheme, Robb Evans, has released his initial findings. To review the original articles you can click here: Part 1: FTC Claims VEMMA Illegal Pyramid, Part 2: What Does The DSA Have To Say About The FTC Claim VEMMA Is A Pyramid?, Part 3: What Can We Learn From The FTC TRO Application Against VEMMA?.

Before I get into the receiver’s report, I want to share a link to an article written by Robert FitzPatrick. FitPatrick is one of the most outspoken critics of network marketing/MLM and one of the most quoted anti-pyramid experts by the FTC.

He wrote an article over at Seeking Alpha titled -- ‘Unfair And Deceptive’: The FTC’s Prosecution On Multi-Level Marketing. 

The Rest Of The Story…Does The Receiver Report Support The FTC Claim VEMMA Is A Pyramid?