FTC reaches $11M settlement with get-rich-quick scammers targeting Amazon
The Federal Trade Commission has reached a $10.8 million settlement with two brothers who allegedly scammed prospective Amazon sellers for years with bogus coaching advice.
Adam and Christopher Bowser, who live in Massachusetts, agreed to the settlement after the FTC charged the brothers in March. The federal watchdog alleged the two were running the scam using their business, FBA Stores. Jody Marshall, who is listed as a coach for the Bowsers' business, was also part of the settlement. The agency will work to give back payments to those harmed by the scam.
As part of the settlement, the defendants neither admitted nor denied the allegations against them and got the bulk of a $102 million judgment against them suspended. They were also barred from future business coaching.
Here’s How To Make Sure You, Your Virginia Business and Website Are FTC & GDPR Compliant
By now it should be clear how important it is for you to be FTC compliant. But how can you do that without spending $7,500-$8,000 or more on Internet Attorneys?
Smart business owners around the world are doing it with the help of FTC Guardian.
FTC Guardian is a service that is 100% focused on helping to keep you get and stay FTC & GDPR compliant and fully protected. And right now, we are offering a free training to give you the knowledge, information, and guidance that you need to stay out of trouble with the Federal Trade Commission and the new GDPR guidelines.
Here are some of the things you’ll discover on the training:
- Real-Life Examples of People Who Didn’t Think They Were At Risk, But Who Got Nailed By The FTC, And Why It Could Happen To You, Too
- The 3 Enormous Powers The FTC Has That Can Change Your Life – And Your Family’s Life – Forever!
- How to Avoid FTC Claims When Collecting Leads With Optin Forms
- And Much More…
Remember: legal protection is a massively important part of your business, and it’s one you cannot afford to ignore any longer.
Disclaimer: This article is provided for informational purposes only. It’s not legal advice, and no attorney-client relationship is created. Neither the author nor FTC Guardian, Inc. is endorsed by the Federal Trade Commission.