Vemma is an Multi-Level-Marketing company that was founded by Benson Boreyko in 2004.
Vemma is an acronym for Vitamins, Essentials, Minerals, Mangosteen, and Aloe, which are the main ingredients of their products.
The company has undergone a series of ups and downs, but they’re still operating in more than 50 countries.
The specialties of the company lies on nutritional drinks, energy drinks, and dietary products that are sold through their sales representatives and consultants.
Aside from that, the company also has an elaborate marketing campaign as several celebrities such as Darren Hardy and the famous Dr. Oz endorses their products.
Their mission is to help improve the wellbeing of people by improving their health and giving them an opportunity to earn money.
Here is a 6-minute video that'll help you understand what Vemma really is...
Lawsuits
Vemma has been reported by a number of members and users to be a pyramid scheme, which is why they have been filed with a pyramid scheme lawsuit by the FTC.
Good thing that the company immediately solved the issue and decided to pay a $238 million settlement.
Aside from the multi-million dollar penalty settlement, their MLM business model was also limited in its scale and is currently under the heavy supervision of the FTC.
Despite that, the company is still operating under a more low-key MLM business model.