Beware Online “Paid-to-Click” Scams

The SEC warns investors to be skeptical and aware of online “paid-to-click” scams that promise an easy payday simply by buying a membership or a product up front and then clicking on a certain number of online ads each day.

These online ads may have little to no revenues besides membership fees or sales of “ad packs” and are more than likely a Ponzi scheme.  The SEC filed an enforcement case that was unsealed in federal court in Florida, alleging that almost 99% of the purported “profits” paid to earlier investors came directly from the buy-in fees collected from newer investors.