5 Famous Pyramid Scheme Companies in US History

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1. Vemma

Ceased Operations: 2015

Vemma was a privately-owned MLM that sold dietary supplements. In 2015, the FTC closed it down for deceptive practices and operating a pyramid scheme. Vemma sold its products online and through independent distributors (called affiliates). In 2013, the company became an affiliate marketing company. In 2014, Vemma modified its compensation plan, and in 2015 the FTC sued the company, accusing it of running a pyramid scheme. The company has been defunct since 2015 and is ranked among the most famous pyramid scheme companies in US history.

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