Summary:
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FTCβs New Target
The Federal Trade Commission (FTC) is taking action against automation companies, specifically Ascend Ecom, for allegedly defrauding consumers of at least $25 million through false promises and deceptive marketing. -
Threats to Customers
In a chilling case, a consumer named Jamaal Sanford received a death threat via email demanding he remove a negative review. The email contained personal information, making the threat particularly alarming. -
False Promises of Income
Ascend Ecom promised clients the chance to earn thousands in βpassive incomeβ by managing Amazon storefronts on their behalf. Sanford invested $35,000 but failed to recover his funds, leading to financial distress. -
Legal Violations
The FTCβs lawsuit accuses Ascend of violating federal laws by making misleading claims about earnings and retaliating against customers who posted honest reviews. -
Seeking Justice
The FTC aims to provide monetary relief to affected customers and prevent Ascend Ecom from conducting business in the future.
Read more at: CNBC | FTC Press Release
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