Published: March 26, 2018
The Federal Trade Commission announced it has filed a lawsuit against a company Amazing Wealth Systems—also known as AWX, FBA Stores and Online Auction Center—which advertised “Get started selling on Amazon and make $5,000-10,000 in next 30 days, even if you’ve never sold anything online before”.
The company promoted seminars to learn how to use their “system” to sell on Amazon. People who enrolled did not make anywhere close to the advertised income or any income in some cases. The company failed to comply with the FTC’s Business Opportunity Rule and caused many people’s Amazon accounts to get suspended because what the “system” instructed them to do was in violation of Amazon policies.
For more details on this and FTC articles on how to investigate companies offering business opportunities see: https://www.consumer.ftc.gov/blog/2018/03/get-rich-scheme-sold-wannabe-amazon-sellers?utm_source=govdelivery