FTC sues e-commerce firm for allegedly scamming investors via Amazon storefronts

In brief: If something appears too good to be true, it almost always is. That appears to be the case with an e-commerce company being sued by the FTC for allegedly deceiving customers. Click Profit promised clients they could make huge sums of money in passive income using its proprietary system, powered by AI, that created and managed Amazon storefronts. But the agency says otherwise. The FTC writes that Click Profit took millions from consumers using the promise of earning big profits from online sales. It told investors that it would leverage cutting-edge AI technology and exclusive brand partnerships with the likes of Nike, Disney, Dell, Colgate and even Marvel, creating e-commerce stores that sold products primarily on Amazon, as well as Walmart and TikTok. Click Profit convinced individuals to hand over tens of thousands of dollars as its system was supposedly "safe, secure, and proven to generate wealth." Its social media pages and ads claimed consumers could earn six-to-eight ... Read full article.