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.
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AI scammers on Amazon duped investors out of millions with 'passive income' scheme, FTC alleges
The company promised better returns than the stock market, with a co-founder appearing in TikTok videos with wads of cash alongside an image of Warren Buffett.CNBC - 6h -
FTC asks to delay Amazon Prime deceptive practices case, citing staffing shortfalls
The Federal Trade Commission asked a judge in Seattle to delay the start of its trial accusing Amazon of duping consumers into signing up for its Prime program, citing resource constraints.NBC News - 6d -
FTC seeks delay in Amazon trial, citing recent cuts in staff, budget
Lawyer for the Federal Trade Commission says agency needs to seek trial delay in case against Amazon due to staffing and budgetary challenges.CBS News - 5d -
I have 5 income streams and make over $1 million from Amazon alone: My No. 1 advice for starting a side hustle
Mind Brain Emotion founder and CEO Dr. Jenny Woo shares the strategies that helped make her side hustle a success.CNBC - Mar. 10 -
Dollar General says lower-income customers shouldn’t expect any relief from high prices this year
The average transaction amount increased amid growth in consumables, which includes food, while traffic declined.MarketWatch - 5d -
Sydney caravan a ‘fake terrorism plot’ and antisemitic attacks a scheme to divert police resources, authorities allege
‘The caravan plot was an elaborate scheme contrived by organised criminals domestically and from offshore,’ AFP deputy commissioner Krissy Barrett says. Get our breaking news email , free app ...The Guardian - Mar. 10 -
FTC reverses course, says it has resources to pursue Amazon deceptive practices case
The FTC said it will meet the deadlines for its Amazon Prime deceptive practices case, hours after requesting a delay due to resource constraints.CNBC - 6d -
Americans lost $5.7 billion to investment scams in 2024, FTC says. Here's how to protect yourself
Americans lost $5.7 billion to investment fraud in 2024, up 24% from 2023, according to the Federal Trade Commission.CNBC - 3d -
Computer owners duped in antivirus scam to get over $25M: What to know about payments
More than $25 million in payments will go out this week to customers who were tricked into paying for fraudulent tech support offered by two companies.The Hill - Mar. 11
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