From CNET: The Federal Trade Commission on Monday said it 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.
Attempts to reach the defendants were unsuccessful, since Adam Bowsers prior email address and FBA Stores' website were shut down. Amazon and Washington state's attorney general filed separate suits against the Bowsers in December and were working with the FTC on its case.
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