Vemma
 |
|
| Private | |
| Industry | Dietary supplements |
| Predecessor |
|
| Founded | Tempe, Arizona (2004) |
| Founder | Benson K. Boreyko |
| Headquarters | Tempe, Arizona, United States |
|
Area served
|
Worldwide |
|
Key people
|
Benson K. Boreyko (CEO) Karen Boreyko (co-founder) Lauren Boreyko (co-founder) Brad Wayment (COO) Yibing Wang (Chief Scientific Officer) Adrian Berry (Chief Medical Officer) |
| Products | Vemma, Verve, Bod·ē, NEXT |
| Website | vemma |
Coordinates: 33°38′38″N 111°53′57″W / 33.643787°N 111.899148°W
Vemma (/ˈviːmə/) Nutrition Company is a privately held multi-level marketing company that sells energy drinks, nutritional beverages and weight management products. 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 are in their twenties. The company has frequently been accused of being a pyramid scheme by U.S. media, business analysts, and former distributors, and was fined by the Italian government.
In August 2015, the U.S. Federal Trade Commission filed a lawsuit against Vemma, accusing the company of operating an illegal pyramid scheme. The company was placed under an injunction which restricts certain marketing activity and compensation methods, and a monitor was appointed by the court to assure compliance with these restrictions. In December 2016, Vemma reached a $238 million settlement with the FTC, which also banned the company, its CEO, and top distributors from recruitment-focused business ventures, deceptive income claims, and unsubstantiated health claims.
...
Wikipedia