{"id":44141,"date":"2024-02-27T17:00:46","date_gmt":"2024-02-27T22:00:46","guid":{"rendered":"https:\/\/d56fg8tfg.fitnews.club\/finance\/ftc-action-leads-to-ban-for-owners-of-automators-ai-e-commerce-money-making-scheme\/"},"modified":"2024-02-27T17:00:46","modified_gmt":"2024-02-27T22:00:46","slug":"ftc-action-leads-to-ban-for-owners-of-automators-ai-e-commerce-money-making-scheme","status":"publish","type":"post","link":"https:\/\/d56fg8tfg.fitnews.club\/finance\/ftc-action-leads-to-ban-for-owners-of-automators-ai-e-commerce-money-making-scheme\/","title":{"rendered":"FTC Action Leads to Ban for Owners of Automators AI E-Commerce Money-Making Scheme"},"content":{"rendered":"
The owners of a money-making scheme that claimed to use artificial intelligence to boost earnings for consumers\u2019 e-commerce storefronts have agreed to surrender millions<\/a> in assets to settle the FTC\u2019s case against them. In addition, all the businesses and two of their owners face a lifetime ban on selling business opportunities or coaching programs involving ecommerce stores.<\/p>\n In a case filed in August 2023<\/a>, the FTC charged that Roman Cresto, John Cresto, and Andrew Chapman along with multiple companies they controlled, including Automators AI, Empire Ecommerce, and Onyx Distribution, deceived consumers with unfounded promises of \u201cpassive investment income\u201d in online storefronts supposedly powered by AI.\u00a0<\/p>\n \u201cThe defendants lured consumers into investing millions in online stores supposedly powered by artificial intelligence and made empty promises that they could coach consumers into achieving success and profitability,\u201d said Samuel Levine, Director of the FTC\u2019s Bureau of Consumer Protection. \u201cToday\u2019s action holds the defendants accountable for this scheme by banning them from the coaching business, barring bogus claims, and requiring redress to defrauded consumers.\u201d\u00a0<\/p>\n