Archive for August 2015

Vemma Called ‘Pyramid Scheme’ By FTC; Direct Selling Association’s Early Response Muted

Vemma Called 'Pyramid Scheme' By FTC; Direct Selling Association's Early Response Muted

UPDATED 6:44 P.M. EDT U.S.A. The Federal Trade Commission voted unanimously (5-0) to charge Vemma Nutrition Co.  with operating a pyramid scheme. So much for the absurd proposition that Republicans on the commission are like hapless “Wheel of Fortune” contestants who couldn’t form the term “pyramid scheme” if spotted 12 of the 13 letters that comprise it. Want […]

TelexFree Members In Massachusetts Get Payout From Bank Fund

About 14,000 TelexFree members in Massachusetts have received a payout from a $3.5 million fund set up last year as a result of a settlement between the state Securities Division and Fidelity Co-Operative Bank, the office of Commonwealth Secretary William Galvin said today. “While this money does not make the TelexFREE victims whole, the distribution does […]