A friend of mine showed me a really great article detailing Vemma and explaining how it's a scam and a waste of time and money, but I can't seem to find it. So just take my word for it.
And every time I hear about this the first thing that comes to mind is this scene from The Office.
I seriously pity anyone foolish enough to get involved with that junk.
UPDATE: I found the article I was talking about. It explains everything very well. Apparently the guy who started the whole thing is using an assumed name because he got in trouble for a similar scam several years ago. That doesn't bode particularly well with me. And while searching for that article, I also came across this and this, both further proving that the whole thing is a joke, if the first article wasn't enough.
Again, LOL @ anyone that falls for that, and from what I can tell several people I know already have.
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