FTC

PP Blog Tag archives on references to "FTC."

URGENT >> BULLETIN >> MOVING: Herbalife Must ‘Fundamentally Restructure Its Business,’ FTC Says In Settlement Announcement; Agency Brings Complaint In Federal Court That Alleges ‘Deceptive And Unlawful Acts And Practices’

URGENT >> BULLETIN >> MOVING: Herbalife Must 'Fundamentally Restructure Its Business,' FTC Says In Settlement Announcement; Agency Brings Complaint In Federal Court That Alleges 'Deceptive And Unlawful Acts And Practices'

URGENT >> BULLETIN >> MOVING:  (13th Update 3:45 p.m. EDT U.S.A.) The FTC is going to federal court in the Central District of California, alleging that Herbalife engaged in “deceptive and unlawful acts and practices.” Separately, the agency announced a settlement with the company that will have Herbalife pay $200 million and change the way […]

After Vemma College Flap, Herbalife Products Marketed Through One Of Largest Catholic High Schools In United States

After Vemma College Flap, Herbalife Products Marketed Through One Of Largest Catholic High Schools In United States

UPDATED 3:59 P.M. EDT U.S.A. It surfaced on Twitter today in the $HLF search thread that Herbalife products are being marketed through Mater Dei High School in Santa Ana, Calif. The Catholic school bills itself  “the largest non-public school west of Chicago.” Herbalife is under investigation by the Federal Trade Commission. Hedge-fund manager and Herbalife […]

BULLETIN: 2 Arrested In Alleged ‘Banners Broker’ Pyramid Scheme

BULLETIN: 2 Arrested In Alleged 'Banners Broker' Pyramid Scheme

BULLETIN: (14th Update 3:39 p.m. ET U.S.A.) Toronto police have arrested “Banners Broker” figures Christopher George Smith of Toronto and Rajiv Dixit of Vancouver. Both suspects are 45 and are scheduled to make a court appearance today, police said. The scheme allegedly raised $93 million (U.S.). They have been charged with Defrauding the Public of Over […]

BULLETIN: FTC Alleges Vemma’s Boreyko Violated Order After Judge Entered Preliminary Injunction

BULLETIN: FTC Alleges Vemma's Boreyko Violated Order After Judge Entered Preliminary Injunction

BULLETIN: (3rd update 10:17 p.m. EDT U.S.A.) The Federal Trade Commission has gone to federal court in Arizona, alleging that Vemma CEO B.K. Boreyko violated a court order within 11 days after a federal judge imposed a preliminary injunction against the MLM company. Boreyko contacted certain affiliates on an unknown date with Vemma  “sales or marketing material” in […]

BULLETIN: SEC Calls U.S. Fine Investment Arts Inc. (USFIA) A ‘Worldwide Pyramid Scheme’ Tied To ‘Gemcoins’

BULLETIN: SEC Calls U.S. Fine Investment Arts Inc. (USFIA) A 'Worldwide Pyramid Scheme' Tied To 'Gemcoins'

BULLETIN: (7th update 3:26 p.m. EDT U.S.A.) An SEC complaint against USFIA Inc. first reported on Tuesday by the Sierra Madre Tattler and BehindMLM.com now has become public, with the SEC calling the venture a “worldwide pyramid scheme” that gathered on the order of $32 million while claiming it was backed by amber mines and duping […]

Vemma Tells Court Consumers ‘Possibly’ Took Unreasonable Risk In Joining Its MLM Program, But Did So Knowingly

Vemma Tells Court Consumers 'Possibly' Took Unreasonable Risk In Joining Its MLM Program, But Did So Knowingly

“Consumers represented by the FTC knowingly and voluntarily, and possibly unreasonably, exposed themselves to any claimed losses with knowledge or appreciation of the risk involved.” — Part of Vemma’s Sept. 30 defense to pyramid-scheme and deceptive-advertising charges filed by the FTC in August Consumers can be forgiven if they view part of Vemma’s defense to […]

Alleged Bid To Gag Customers Leads To FTC Lawsuit Against Florida Seller Of ‘Unproven Weight-Loss Products’

Alleged Bid To Gag Customers Leads To FTC Lawsuit Against Florida Seller Of 'Unproven Weight-Loss Products'

Let’s say you’re a direct-seller and manage to persuade yourself that trying to threaten and intimidate your own customers is a good business practice. How might you accomplish this? Well, the FTC alleged today that Florida-based Roca Labs Inc. and Roca Labs Nutraceutical USA Inc. inserted “gag clause provisions” in purported customer agreements in a […]

VEMMA REP: FTC Used ‘Overlarge . . . Strap-On Dildo’

VEMMA REP: FTC Used 'Overlarge . . . Strap-On Dildo'

EDITOR’S NOTE: On some days, it seems as though no one in MLM has any PR savvy. This is one of those days. Positioning himself as an insider who has spoken with Vemma CEO B.K. Boreyko, one of the company’s top affiliates took to the Internet today to declare the Federal Trade Commission appears to […]

URGENT >> BULLETIN >> MOVING: Evidence Before Court Leaves ‘Little Doubt’ FTC Will Prove Vemma Is Pyramid Scheme, Judge Says

URGENT >> BULLETIN >> MOVING: Evidence Before Court Leaves 'Little Doubt' FTC Will Prove Vemma Is Pyramid Scheme, Judge Says

6th Update 6:41 p.m. EDT U.S.A. A federal judge has issued a much-anticipated order in the Federal Trade Commission’s pyramid-scheme case against Vemma that says “[t]he evidence before the Court leaves little doubt that the FTC will ultimately succeed on the merits in demonstrating that Vemma is operating a pyramid scheme.” U.S. District Judge John J. […]

Transcript Shows Courtroom Clash Between Vemma And FTC

Transcript Shows Courtroom Clash Between Vemma And FTC

Vemma critic Truth In Advertising has posted a transcript of the Sept. 15 battle in Arizona federal court between Vemma and the Federal Trade Commission over the preliminary injunction, asset freeze and appointment of a receiver. Vemma hopes to undo these things or at least to modify them in a way that would put the company […]

BULLETIN: Name Of Herbalife Refugee Anthony Powell Surfaces In Vemma Pyramid-Scheme Case

BULLETIN: Name Of Herbalife Refugee Anthony Powell Surfaces In Vemma Pyramid-Scheme Case

2ND UPDATE 4:16 P.M. EDT U.S.A. Former Herbalife President’s Team member Anthony Powell is referenced in a report by the court-appointed receiver in the Vemma pyramid-scheme case filed by the FTC last month. The mention is potentially embarrassing to the MLM trade, which has a reputation for recruiters dragging financially strapped prospects from scheme to […]