Articles Posted in Wealth Assistants

Amazon FBA Management Ecommerce Scams
Banks Law Office

This year, the Federal Trade Commission has prosecuted several scams that sell Amazon ecommerce store management services. The fraudsters typically tell their victims that it is possible to make hundreds of thousands of dollars in passive income by owning successful online Amazon stores and stocking them with inventory. The victims then pay the fraudsters a…

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Exposing Fraud: A Class Action to Seek Justice for Victims of Wealth Assistants’ Scheme
Banks Law Office

Introduction Fraudulent investment schemes have wreaked havoc on countless lives, and one of the most egregious cases to surface recently involves Wealth Assistants. We previously announced that a Court ordered an asset freeze against Wealth Assistants. Wealth Assistants’ complex network of individuals and entities perpetrated a widespread scam, targeting over 600 victims and swindling over…

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Comments To FTC Regarding Amazon FBA Schemes
Banks Law Office

On November 14, 2024, the Federal Trade Commission will hold a hearing at which members of the public are invited to address the Commission. Banks Law Office attorney Nico Banks plans to attend the hearing to comment on “Fulfillment by Amazon” business opportunity scams, including Wealth Assistants. Ahead of that hearing, he has submitted the…

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Asset Freeze for Wealth Assistants
Banks Law Office

Business Insider reported today about an asset freeze ordered for the owners of Wealth Assistants. The recent decision by the US District Court for the Central District of California to freeze the assets of the defendants is a crucial step towards holding them accountable and ensuring that funds are available for potential restitution. However, Banks…

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Wealth Assistants in the News
Banks Law Office

Business Insider has taken an interest in our fight against Wealth Assitants. They recently wrote about our case in this article: More than 60 former Wealth Assistants clients sued the get-rich-on-Amazon startup, claiming they were defrauded out of millions. If you are a victim of Wealth Assitant’s misrepresentations, please contact us. You can review our…

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