Online Education
Online Wealth AcademyFind BBB Accredited Businesses in Online Education.
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This business has 1 alert.
Government Actions
187-933
The following describes a government action that has been resolved by either a settlement or a decision by a court or administrative agency. If the matter is being appealed, it will be noted below.
Online Wealth Academy, LLC (Docket No. 187-933)
Online Wealth Academy, LLC was a Wyoming Limited Liability Company with a Cheyenne mailing address that sold “work at home opportunities.” Consumers reported that Online Wealth Academy, its owner Shon Earl, and its sales representative Lindsay Jensen (aka Lindsay Earl) promised substantial monthly income working from home if consumers purchased Online Wealth Academy merchandise. Consumers paid thousands of dollars to Online Wealth Academy, hoping the amount would be an investment in their future. In reality, Online Wealth Academy provided only a web-based training program about how to make online sales, through which no consumers made any money.
After conducting an investigation, the Attorney General alleged that Online Wealth Academy, Shon Earl, and Lindsay Earl violated the Consumer Protection Act by: 1) representing that consumers had given positive testimonials, when such testimonials were fabricated; 2) representing that consumers qualified for grants or scholarships, when no such grants or scholarships existed; 3) representing that consumers could cancel their contracts within three days of purchase, but refusing to issue refunds to those that attempted to cancel; 4) representing that the merchandise was accompanied by a “100% Satisfaction Guarantee,” but refusing to issue refunds to unsatisfied consumers; 5) representing that consumers were considered for an employment opportunity, when in fact Online Wealth Academy sought only to sell merchandise; and 6) engaging in unfair, high pressure sales tactics.
Online Wealth Academy, Shon Earl, and Lindsay Earl agreed to resolve the matter through a Consent Judgment that: 1) bans the defendants from engaging in “work at home” sales in Wyoming; 2) orders refunds of $168,000 to consumers; and 3) imposes civil penalties of $345,000 that become due if the defendants violate the terms of the Consent Judgment.
For more information go to: http://ag.wyo.gov/cpu/resolved-matters
Important Information
Believed to be out of business
According to information in BBB files, it appears that this business is no longer in business.
Reason for Rating - Not Rated
This business has no rating because BBB has information indicating it is out of business.
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