Click Profit, an e-commerce store building company, promised investors the opportunity to earn passive income on platforms like Amazon, Walmart, and TikTok by investing between $45,000 and $75,000 as a management fee. However, the Federal Trade Commission (FTC) is now suing Click Profit for allegedly causing consumers to collectively lose at least $14 million.
The FTC has filed a lawsuit against Click Profit and its owners, Craig Emslie and Patrick McGeoghean, claiming that the company falsely promised customers guaranteed sales of $150,000 using AI technology to select brand-name products. Despite these promises, many investors did not see the expected returns and the FTC has requested a federal court to stop Click Profit from operating.
The FTC’s case against Click Profit is part of a larger crackdown on companies that claim to manage online businesses for clients in exchange for a significant investment. Similar lawsuits have been filed against other companies like Ascend Ecom and Empire.
The allegations against Click Profit include operating under different names since 2021, falsely claiming partnerships with major companies like Disney and Nike, and overstating the capabilities of their AI technology. Amazon suspended or blocked 95% of Click Profit’s stores for violating seller policies, resulting in many investors not recouping their investments.
The FTC is seeking monetary relief for Click Profit’s clients and a permanent ban on the company conducting business. As a business owner, it is important to be cautious and avoid falling victim to misleading promises of guaranteed income.
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