The Federal Trade Commission has charged Amazing Wealth Systems with luring customers into buying their pricy system with the false claim that they’ll make thousands of dollars a month selling on Amazon.
“Most, if not virtually all, purchasers do not earn the advertised income,” the lawsuit states, citing company claims like, “Get started selling on Amazon and make $5,000-$10,000 in the next 30 days… even if you have never sold anything online before.”
Talk about an Amazon scam.
Amazing Wealth System charges customers to attend workshops and coaching sessions, ranging from $995 to more than $35,000.
According to the lawsuit, the content offered is either readily available on Amazon’s site or violates Amazon’s policies, including writing fake reviews, which results in the purchasers’ Amazon stores being suspended.
The Amazing Wealth Systems’ website touts a 200-page manual titled “Amazon Riches,” but the link to “learn more” now says the page could not be found.
Amazing Wealth System operates under multiple names, including AWS, Amazon Wealth Systems, Amazing Wealth Systems, FBA Stores, Insider Online Secrets, Online Auction Learning Center and Online Seller, according to the FTC.
If you’re looking to discover legitimate opportunities, here are 11 ways you can make some money selling on Amazon (that aren’t an Amazon scam).
Tiffany Wendeln Connors is a staff writer for The Penny Hoarder.
This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.
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