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VemmaNutrition Company was a privately held multi-level marketing company that sold dietary supplements. The company was shut down in 2015 by the FTC for engaging in deceptive practices and being a pyramid scheme.
Venmo is an American mobile payment service founded in 2009 and owned by PayPal since 2013. Venmo is aimed at users who wish to split their bills. Account holders can transfer funds to others via a mobile phone app; both the sender and receiver must live in the United States. Venmo also operates as a small social network, as users can observe other users' public transactions with posts and emoticons. In 2021, the company handled $230 billion in transactions and generated $850 million in revenue. Users can view transactions on the Venmo website but cannot complete transactions on the website.
References
- 1 2 In re American Telnet Inc, Kenneth Welt v Michael Pardes, Ted Liebowitz, Sara Liebowitz, and Gavin Kahn
- ↑ "$39 Million For Consumer Redress in American TelNet Settlement". Federal Trade Commission. 10 June 1999. Retrieved 23 November 2021.
- ↑ "1995 Annual Report" (PDF). ftc.gov. Retrieved 23 November 2021.
- ↑ Andy Newman (25 August 1999). "Company Pays $100,000 Over Phone-Billing Complaints" . The New York Times . Retrieved 23 November 2021.
- ↑ Sharon Walsh (2 December 1994). "OPERATOR OF SEX-TALK LINES FINED". Washington Post. Retrieved 24 November 2021.
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