Finance

Promises of Cash Profits Leads to Empty Wallets

untitled-1Promises of Cash Profits Leads to Empty Wallets

“EARN OVER $1000 A DAY IN CASH PROFITS!” and “RAKE IN OVER $30,000 WITHIN THE NEXT 21 DAYS!”

windfall-money-manSound too good to be true? Using the Internet and email, getting a phony ad or message out to a vast audience is cheap and easy. Even though old work-at-home scams have taken on a modern twist, the typical profile of victims who are most susceptible to these scams has changed very little.

Work-at-home con artists have always preyed most heavily upon senior citizens, the disabled, mothers who want to stay at home with their children, people with low income and few job skills, and people who just want to get rich quick. Wealth Automation Systems is no different according to complaints on file with BBB.

It's raining money

According to complaints on file with BBB, Wealth Automation Systems led consumers to believe through mailed solicitations that they could earn over a $1000 a day by participating in this company’s get rich quick scheme. Complainants were asked to send cash ranging from $800 up to $1200 via an overnight mail service, and were told they would receive a welcome package detailing how the program worked.

After paying for the initial investment, consumers were advised they had to buy a mailing list and brochures, which result in further expenses of approximately $2000. Consumers advised BBB this additional expense was not outlined in the initial brochure.  All complaints indicate the company failed to mail the materials as promised, and that the company refuses to issue refunds upon request.

One consumer said, “I feel that they didn’t represent themselves completely about all that was required.”  Another consumer told BBB, “Wealth automation system accepted my money, then never responded to my inquiries. They appear to be a total scam.”

empty-pockets01Wealth Automation Systems has earned an F rating, as BBB’s investigation revealed this offer to be nothing more than a pyramid scheme.

BBB advises consumers to be skeptical about work at home promotions that contain claims such as:

  • Exaggerated potential earning or profits;
  • Having “inside” information;
  • Requirements of money for instructions or products before telling you how the plan works;
  • No experience necessary.

There is no substitute for closely examining any offer which promises or guarantees income from work-at-home programs. If it sounds too good to be true, chances are it’s a scam.

– BBB of Middle Tennessee

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