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SEC warns investors of 'paid-to-click' advertising scams

( November 7, 2017, 16:42 GMT | Official Statement) -- MLex Summary: The US Securities and Exchange Commission is warning investors to beware of online "paid-to-click" scams that promise an easy payday by purchasing a membership or an advertising product up front and then clicking on a certain number of online ads each day. The SEC said these online advertising programs may have little revenues besides membership fees or sales of “ad packs,” and may be nothing more than Ponzi schemes. This alert follows an enforcement case against a Miami-based firm, which operated fraudulent internet advertising businesses, soliciting investors through online posts and videos claiming they could share in profits and earn investment returns as high as 120 percent.Statement follows below:...

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