AI scammers on Amazon duped investors out of millions with 'passive income' scheme, FTC alleges
Publishing timestamp: 2025-03-18 17:15:57
Summary
The FTC sued Amazon automation company Click Profit for allegedly defrauding customers in a "passive income" scheme, promising high returns but failing to deliver. The company made false claims about partnerships and AI technology, leaving consumers in debt and unable to recoup their investments. Amazon suspended or terminated 95% of Click Profit's stores, and the FTC seeks to permanently prohibit the company from doing business.
Sentiment: NEGATIVE
Tickers: DIS, DELL, CL, AMZN, NKE,
Keywords: breaking news: technology, internet, business news, colgate-palmolive co, nike inc, dell technologies inc, technology, walt disney co, amazon.com inc,