According to CNBC, the Federal Trade Commission has filed a lawsuit against Click Profit and its co-founders Craig Emslie and Patrick McGeoghean. The agency alleges they scammed consumers out of millions through a deceptive passive income e-commerce scheme. The FTC claims Click Profit falsely promised investors they could make substantial profits by purchasing Amazon, Walmart, and TikTok storefronts. The company allegedly falsified earnings claims, boasted nonexistent AI technology, and fabricated brand partnerships. The agency seeks to permanently bar the company from operating and secure monetary relief for victims.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Federal Trade Commission has filed a lawsuit against ClickProfit and its co-founders according
00:06to CNBC. The agency alleges they scammed consumers out of millions through a deceptive passive income
00:12e-commerce scheme. The FTC claims ClickProfit falsely promised investors they could make
00:18substantial profit by purchasing Amazon, Walmart, and TikTok storefronts. The company allegedly
00:24falsified earning claims, boosted of non-existent AI technology, and fabricated brand partnerships.
00:30The agency seeks to permanently bar the company from operating and secure
00:34monetary relief for victims. For all things money visit benzinga.com slash gstv