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?