The US Federal Trade Commission alleges that Cleo AI will return more than $15.8 million to affected customers by defrauding consumers through false cash advance promises and subscription services that are difficult to cancel. The Federal Trade Commission said in a March 2025 lawsuit that Cleo AI promised to provide hundreds of dollars in advance payments, but almost no one received them. The FTC also alleges that Cleo charges hidden fees for immediate advances, and that funds often don't arrive until the next day. Refunds will be issued to 212,4796 eligible Cleo AI users who have paid for the Instant Cash Advance service.
Zhitongcaijing · 2d ago
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The US Federal Trade Commission alleges that Cleo AI will return more than $15.8 million to affected customers by defrauding consumers through false cash advance promises and subscription services that are difficult to cancel. The Federal Trade Commission said in a March 2025 lawsuit that Cleo AI promised to provide hundreds of dollars in advance payments, but almost no one received them. The FTC also alleges that Cleo charges hidden fees for immediate advances, and that funds often don't arrive until the next day. Refunds will be issued to 212,4796 eligible Cleo AI users who have paid for the Instant Cash Advance service.
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