Real Wealth, Inc. and its owner, Lance Murkin were told to to pay $10.4 million, the full amount of harm caused to thousands of consumers nationwide who were victimized by the Defendants’ work-at-home and grant scams. The Court also banned Real Wealth and Murkin from marketing or selling work-at-home or grant-related products, and from assisting others in doing so.
The judgment against Real Wealth and Murkin is part of an ongoing FTC crackdown on scams that are aimed at unemployed Americans. Defendants Real Wealth and Murkin conned thousands of consumers nationwide with a direct-mail campaign that sometimes targeted the elderly and disabled. They deceptively marketed and sold booklets that supposedly explained how to earn money by working from home or applying for government grants.
The defendants lured consumers with deceptive sales pitches, such as “Collect up to $9,250 with my simple 3 minute form” or “All I do is mail 30 postcards everyday and I make an extra $350 a week!” The defendants also claimed that consumers could “rake in up to $1,500+ per week or more in solid cash” by learning “secrets” about the “$700 billion banking industry bailout.”
The Court agreed with the FTC that these claims were false or unsubstantiated, in violation of the FTC Act, and it granted the FTC’s motion for summary judgment against the defendants. Few, if any, consumers made substantial income with the defendants’ products.
The FTC filed its complaint against Real Wealth and Murkin as part of the “Operation Bottom Dollar” law enforcement sweep announced in February 2010 that included seven FTC cases against the operators of deceptive and illegal job and money-making scams, as well as dozens of other actions filed by the U.S. Department of Justice and state attorneys general. – Source
Federal Trade Commission, Plaintiff, v. Real Wealth Inc., a corporation, also doing business as American Financial Publications, Emerald Press, Financial Research, National Mail Order Press, Pacific Press, United Financial Publications, Wealth Research Marketing Group, and Wealth Research Publications, and Lance Murkin, individually and as an officer of Real Wealth, Inc., Defendants