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The FTC will send refunds totaling more than $9.1 Million to customers who were defrauded by the scam "Amazing Wealth System" -August 11, 2020.
The Amazing Wealth System is also known as Amazon Wealth Systems, FBA Stores, AWS, Insider Online Secrets, Online Auction Learning Center, and Online Seller. They ran ads and held live workshops promoting a "business opportunity" scheme. The company claimed people could use its system and "Get started on Amazon and Make $5,000 to $10,000 in the next 30 days. . . even if you have never sold anything online before." The FTC said those earnings claims were false and that the defendants had no basis for making those claims. At the FTC's request, a court froze the defendants' assets and appointed a temporary receiver.
The FTC is now sending checks to 13,348 customers with an average refund amount of $684.24.
The settlement order against Jeffrey A. Gomez (aka Jeffrey Adams), Adams Consulting LLC, and Global Marketing Services L.L.C. also requires them to surrender funds and assets for consumer redress.
The FTC earlier secured a judgment against Adam Bowser, Christopher Bowser, Jody Marshall, AWS LLC, FBA Distributors LLC, FBA Stores LLC, Info Pros LLC, Info Solutions LLC, Online Auction Learning Center Inc. (Massachusetts), and Online Auction Learning Center Inc. (Nevada) related to the same fraudulent scheme. The settlement order bans Gomez and his companies from selling business opportunities and business coaching services, and making false earnings claims. It imposes a judgment of more than $63.5 million, which will be partially suspended when Gomez surrenders approximately $2.55 million in funds and assets to the FTC. The order also prohibits Gomez and his companies from profiting from consumers' personal information collected as part of the scheme, and requires proper disposal of that information.
The FTC will send checks and sending PayPal payments totaling more than $9.1 million to customers who paid for an "Amazing Wealth System" workshop. According to the lawsuit brought by the FTC, the defendants, FBA Stores and related companies and individuals, falsely claimed their "Amazing Wealth System" would enable people to create a profitable online business selling products on Amazon.
However, the defendants had no affiliation with Amazon.com, the buyers did not earn the advertised income, most consumers lost significant amounts of money, and many of the customers experienced problems with their Amazon stores, including losing their ability to sell on Amazon.com.
If you were among those defrauded by the "Amazing Wealth System", you should receive check and deposit or cash their checks within 60 days. People who paid for workshops from FBA Stores and related companies but did not receive a refund, should contact the refund administrator at the number below. Consumers affected by the defendants' scheme are encouraged to file a complaint to add their name to the FTC's case and visit the FTC's blog about this case.
The FTC never requires people to pay money or provide information to cash a refund check. Recipients who have questions about this refund program should contact the refund administrator, JND Legal Administration, at 1-888-383-3027.
The FTC's new interactive
dashboards for refund data provide a state-by-state breakdown of these refunds, as well as refund programs from other FTC cases. In 2019, FTC actions led to
more than $232 million in refunds to consumers across the country.