Amazon AI scammers duped investors out of millions with ‘passive income’ scheme, FTC alleges

Amazon AI scammers duped investors out of millions with ‘passive income’ scheme, FTC alleges

The Federal Trade Commission is going after an e-commerce company that allegedly took millions of dollars from consumers as part of a “passive income” scheme, which spun up Amazon storefronts on their behalf and promised “insane returns” that were higher than the stock market.

The FTC said Tuesday it filed a lawsuit against the company, called Click Profit; its co-founders Craig Emslie and Patrick McGeoghean; and two other business associates. It also asked a judge to bar the…

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https://www.nbcnews.com/business/business-news/amazon-ai-scammers-duped-investors-millions-passive-income-scheme-ftc-rcna196931

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