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The purpose of this blog and its comments section is to inform readers about Federal Trade Commission activity, and share information to help them avoid, report, and recover from fraud, scams, and bad business practices. Note: The author of this blog post is Rosario Méndez. That’s why, if you’re interested in a business opportunity, the first thing you should do is ask for the earnings claim statement and the disclosure documents required by law. If a business opportunity is promoted in Spanish, the disclosure document has to be in Spanish, too.Ĭompanies that promote bogus business opportunities often fail to follow the rules.

The company has to give prospective buyers a disclosure document that includes certain information about the business.

A company that promotes a business opportunity making specific earning claims like …Make $5,000 - $10,000 in the next 30 days…, must have proof that people can actually make that kind of money, and.

The Rule, among other things, includes these requirements: On top of that, the FTC says many people received warnings from or got their Amazon seller accounts suspended because what the system instructed them to do was against Amazon’s policies.Īmazing Wealth Systems also failed to comply with the FTC’s Business Opportunity Rule.

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. The FTC says it was really Amazing Wealth Systems that made money - by enrolling people. In fact, the defendants didn’t have anything to do with Amazon. Not so, says the FTC in a lawsuit against the company, announced today. 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. “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.

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