What happened
Hands-Free Automation, run by Anthony Agyeman, pitched investors on Airbnb 'arbitrage': taking listings from hotel-booking and short-term rental sites and relisting them on Airbnb at higher prices, pocketing the spread. Entry cost $20,000-$30,000, marketed as 'a minimal to no risk path to extra income' with a guaranteed return in three to six months, 'then pure profit after'. Agyeman claimed HFA held '5-year exclusivity contracts' with thousands of property owners — the same playbook he had used selling passive virtual storefronts on Amazon and Shopify.
Airbnb has explicitly banned the practice since at least 2021: 'Using a 3rd party to book a hotel or 3rd party accommodation and listing it on Airbnb at an inflated rate is not allowed.' Daryn Carr, who invested money tied to his late mother's pension, put $19,497 into HFA and says it vanished; he is one of 12 investors suing for at least $624,000, alleging HFA falsely claimed relationships with the properties and that its service violated Airbnb's terms. The suit, filed in February 2023, was still proceeding; HFA's attorney said client money went only to the business.
A former sales employee said the defendants kept selling under a new company, Wealthway, with a team targeting more than $3.5 million in monthly sales. Airbnb — which told CNBC it had blocked more than 216,000 suspicious listings as of September — said it was unaware of any regulator contact regarding HFA; neither HFA nor Agyeman has been charged by the DOJ or FTC, which have pursued similar 'passive income' schemes.
What it cost
12 investors seek at least $624,000; the operators moved on to a new firm, Wealthway, targeting $3.5M monthly sales
Why it happened
The business model itself broke Airbnb's terms, so every listing lived at the platform's discretion.
Investors were sold guaranteed returns on a practice the platform labels prohibited.
The claimed '5-year exclusivity contracts' were alleged to be false; one property owner said his listings were uploaded without permission.
The same operator had recycled the pitch across Amazon and Shopify before Airbnb.
The lesson
Arbitrage on someone else's marketplace is a business built on a term of service you don't control — one policy update erases it.
Aftermath
The investors' suit continued against Agyeman and other defendants while HFA kept operating; its attorney said the firm honors its fiduciary obligations and described clients as 'flat fee' customers rather than investors. The team moved to a new vehicle, Wealthway, with a $3.5M monthly sales target.
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