August 27, 2015
FTC: Vemma shut down for running pyramid scheme
1. The Federal Trade Commission said Wednesday that Vemma Nutrition has been temporarily shut down for operating a pyramid scheme that promised college students riches...
2. The consumer protection agency said that Vemma told recruits that they could make as much as $50,000 per week selling its nutritional beverage Vemma, energy drink Verge or protein shake Bod-e.
3. Vemma earned $200 million a year in 2013 and 2014, according to the FTC.
If college students could make up to $2.6 million each year ($50,000 x 52) to help pay their escalating tuition expenses, and the founders of Vemma could earn up to $200 million per year to live luxurious nutritional beverage executive lifestyles, then what was the harm?
Why must there be so many government regulations? Why can't we just let everyone enjoy all this wonderful prosperity?
Sarcasm, it isn't just for breakfast anymore.
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