FTC Action Leads to Ban for Owners of Automators AI E-Commerce Money-Making Scheme

Summary:

The Federal Trade Commission (FTC) has settled a case against the owners of a money-making scheme that promised consumers earnings through online storefronts powered by artificial intelligence. The scheme, operated by Roman Cresto, John Cresto, and Andrew Chapman and their companies, deceived consumers with unfounded promises of passive investment income and made empty claims about the success and profitability of their e-stores. The FTC charged the defendants with making deceptive earnings claims, and the settlement requires them to surrender millions in assets to provide refunds to affected consumers. The defendants are also permanently banned from offering business opportunities or coaching services related to online marketplace e-commerce platforms.