Mar 18, 08:35 PM

FTC Sues E-Commerce Company Click Profit Over $14 Million Passive Income Scam Promising Insane Returns

The Federal Trade Commission (FTC) has initiated legal action against Click Profit, an e-commerce company accused of defrauding consumers of at least $14 million through a deceptive 'passive income' scheme. According to the FTC, Click Profit promised consumers high returns by managing Amazon storefronts on their behalf, claiming returns that exceeded those of the stock market. The lawsuit highlights the FTC's ongoing efforts to combat fraudulent online business opportunities that exploit consumers. This case follows a broader trend of scrutiny on similar schemes that mislead investors into believing they can achieve effortless income through automation.

#Federal Trade Commission #FTC #Click Profit #Amazon

Written with ChatGPT (GPT-4o mini).

Sources

Entrepreneur@Entrepreneur
2 years ago
The Federal Trade Commission filed a lawsuit against Click Profit and its owners on Tuesday, alleging that the company defrauded customers of at least $14 million. https://t.co/SoTghRLoiQ
NBC News@NBCNews
2 years ago
The FTC 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. https://t.co/hesiEaqKcj
Rob Freund@RobertFreundLaw
2 years ago
Yet another "passive income" "automation" scheme hit by the FTC today: https://t.co/xbEu41LbZI

FTC Sues E-Commerce Company Click Profit Over $14 Million Passive Income Scam Promising Insane Returns

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