Get-rich scheme sold to wannabe Amazon sellers
Federal Trade Commission
“Get started selling on Amazon and make $5,000 - $10,000 in the next 30 days… even if you’ve never sold anything online before.” That’s one of the pitches the promoters of a large get-rich scheme used to lure people into a bogus business opportunity.
In ads and live seminars in English and in Spanish, Amazing Wealth Systems — also known at different points as AWS, FBA Stores, and Online Auction Learning Center — claimed that people who used the company’s “system” would generate thousands of dollars in sales on Amazon.com. Not so, says the FTC in a lawsuit against the company, announced today. In fact, the defendants didn’t have anything to do with Amazon.
The FTC says it was really Amazing Wealth Systems that made money — by enrolling people. Those who followed the system did not make anywhere close to the advertised income, or any income at all, according to the FTC’s complaint. On top of that, the FTC says many people received warnings from Amazon.com or got their Amazon seller accounts suspended because what the system instructed them to do was against Amazon’s policies.