FTC Action Halts a Large Deceptive Business Opportunity Scheme
Obtained From: Federal Trade Comission The Federal Trade Commission has charged a business opportunity scheme with falsely claiming that people who buy the defendants’ expensive “Amazing Wealth System” will learn “secrets for making money on Amazon” and likely earn thousands of dollars a month. According to the FTC, the defendants, who have no affiliation with Amazon.com, have made false or unsubstantiated earnings claims, such as, “Get started on Amazon and Make $5,000-$10,000 in the next 30 days. . . even if you have never sold anything online before.” They charge from $995 to more than $35,000 for a purported exclusive “plug-and-play system” that allows consumers to create a profitable online business selling products on Amazon.com. Contrary to the defendants’ promises, most, if not virtually all, purchasers do not earn the advertised income. Many of the strategies and techniques included in the “system,” such as posting fake product reviews, are deceptive and violate